F2Pool: an Introduction to the Renowned Mining Pool – CryptoNewsZ

F2Pool can be described as the worlds leading cryptocurrency mining pool for several leading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. F2Pool is the oldest mining pool and is based in China; presently it is the largest multi-currency mining pool around the world. F2Pool mines around 17% of all the blocks. F2Pool serves more than 100 countries and it is ranked as top 3 mining pool operator by more than 20 networks. They have played an important part in securing the blockchain infrastructure and educating the global community concerning cryptocurrency mining.

Handshake, a 10.2 million dollar decentralized domain name project, is supported by popular investors which include Sequoia Capital, SV Angel, and Andreessen Horowitz. The handshake can be described as a permissionless, decentralized naming protocol where every counterpart validates and takes charge of managing the root DNS naming zone; with the end goal of developing an alternative to the present naming systems and certificate authorities.

On 5th February, KDA (Kadena) was officially launched in the F2Pool. KDA is a public blockchain with the high-performance PoW (Proof-of-work) system that includes the benefits of ChainWeb technology. Moreover, the KDA platform integrates private blockchains, public apps and several other well-matched blockchains in one place. Furthermore, KDA is a token that is utilized as compensation for miners. It is a fee that the user pays for adding the transactions in the block.

F2 is a leading mining pool, has an association of miners, where every miner contributes to the power of the computer to detect the blocks. There are more than 2 million users active in the pool, where 50% are Chinese users. Also, the reward for mining is that the users will get a reward of 3% for using the F2Pool. Succinctly, this is the exclusive pool operating for P2P payments. The withdrawal fees in the F2Pool do not go beyond 4% and it also pays daily, which are subsequently sent to F2Pools wallet.

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F2Pool: an Introduction to the Renowned Mining Pool - CryptoNewsZ