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Premined
Premined cryptocurrencies are a controversial topic in the blockchain community. Some people see premining as a dishonest way to launch a coin and get an unfair advantage over other miners. Others see it as a way to ensure that the developers have a large enough stash of coins to support the project in the early stages.
What is premining?.
Premining is the process of reserving a certain number of coins for the developers before the coin is released to the public. This can be done in a number of ways. The developers can mine the coins themselves, or they can allocate a certain number of coins to be mined in the future.
Why is premining controversial?.
Premining is controversial because it gives the developers an unfair advantage over other miners. By reserving a certain number of coins for themselves, the developers ensure that they will have a large stash of coins to support the project in the early stages. This can give them an advantage over other miners, who may not have access to as many coins.
Is premining always bad?.
No, premining is not always bad. There are cases where premining can be beneficial for the community. For example, if the developers use the premined coins to support the project in the early stages, it can help ensure that the project is successful. In this case, the premining would be beneficial for the community.
Is premining always bad for miners?.
No, premining is not always bad for miners. If the developers use the premined coins to support the project in the early stages, it can help ensure that the project is successful. In this case, the premining would be beneficial for the miners.
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