asheville gem and jewelry wholesale trade show
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asheville gem and jewelry wholesale trade show
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wholesale jewelry wire EGD network generates new EGD through "mining". The so -called "mining" is essentially using a computer to solve a complex mathematical problem to ensure the consistency of the EGD network distributed bookkeeping system. The EGD network will automatically adjust the difficulty of mathematics, so that the entire network gets a qualified answer every 2.5 minutes. Subsequently, the EGD network will generate a certain amount of EGD as a bounty, and the reward will receive the answer. When EGD was born on January 1, 2014, each bounty was 50 EGDs. 2.5 minutes after birth, the first batch of 50 EGDs were generated, and the total currency at this time was 50. Subsequently, EGD increased at a rate of 50 minutes every 2.5 minutes. When the total amount reached 42 million (50%of 84 million), the bounty was reduced by half. When the total amount reached 63 million (new output 21 million, that is, 50%of 4200), the bounty was reduced by half to 12.5.