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ā°Claim on April 15, 2024
BY UniDrop - Airdrop Announcement
Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durovās cryptocurrency idea lost steam because of a U.S. court. āThe technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,ā he wrote on his channel. āUnfortunately, a U.S. court stopped TON from happening.ā
Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. Itās a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. āThis is how new coins are createdā and new transactions are added to the blockchain, says Okoro.
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