Leoplex is the simplest and most profitable cloud mining solution on the market. It presents mining as an experience with its new generation interfaces, transparent mining approach and customer-oriented thinking style.
In the world of decentralized networks, unlike paper money, cryptocurrencies are built upon mathematical formulas and secure algorithms protected by cryptography. The indispensable actors within the decentralized structures are miners, who provide their computational power for the validation of each transaction taking place by the trade of cryptocurrencies. What do they do? Simple. Mining is a process of adding new transactions to the blockchain and generating coins using a certain amount of hash power. As the backbone of the blockchains, miners are turning the wheel of a self governing structure which is decentralized and needs consensus of the participants. That brings the need of secure confirmation and coin oscillation which also happens to be a reward system for miners.
Cryptocurrency miners process and verify the transactions on the blockchain ecosystems using a specialized computer setup and special mining softwares, keeping their public transaction history ( meaning blockchains) maintained and secure. Every 10 minutes, each miner will attempt to solve blocks that contain the latest in transaction data using cryptographic hash functions. For every block transaction mined successfully, the mining community is rewarded with the network's transaction fees of 12.5 Bitcoins. It creates a win-win situation! Note that you won’t be technically be making the Bitcoin but the algorithm rewards the miner for helping in verifying the blockchain transaction.
Cryptocurrency networks need computational power to run securely. The world’s most powerful blockchains are supported by millions of computers around the world. The people who voluntarily offer their computing power to secure these cryptocurrency networks are called miners.
Unlike paper money, Bitcoin and other cryptocurrencies are produced mathematically and held digitally. Cryptocurrencies don’t have a central government or other so-called ‘middlemen’ that decide about the future of the system. – They are in fact digital, borderless democracies in which miners vote with their computing power to reach order and consensus.
Leoplex works to provide its users with the best and safest experience in the world of competitive cloud mining. It invests heavily in cutting-edge technology and the ecosystem to make mining and blockchain technologies accessible and understandable to everyone.
