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RE: What is the likely platform on which EOS will be Mined?

in #eos7 years ago

EOS uses DPOS, which has 21 (101 total) block producers. They will produce blocks and make money similar to miners in POW. However token holders have discretion and can vote out bad actors, replacing them with one of the 80 "on-deck" producers, who only occasionally produce blocks until chosen as top 21. Additionally, token holders will be able to rent out their coins as they represent compute power, storage etc.