WHAT IS BLOCKCHAIN
AND WHY DO WE BELIEVE
HAT THIS IS A BASIS FOR THE FUTURE

This section was created in such a way that any neophyte
could understand the basic principles of work and see the value of blockchain
technology for the world, and most importantly for themselves personally

WHAT IS BLOCKCHAIN?

It is a built and continuous chain
of blocks containing information. its
Each next block stores not only
own information, but also the
information of the previous block.

To change the information in the block,
you will have to edit the information in
all subsequent blocks.

However, there is one caveat. The copies
of a block are stored on hundreds, thousands
or even tens of thousands of computers all around the world.

And if, for example, there is a task to hack
the blockchain and falsify information, you will have
to hack everything at once and simultaneously.

It is unreal.

SEEMS DIFFICULT AND UNCLEAR?

Watch the video below and you will think differently in two minutes.

“Blockchain is
a technological
tour de force”

Bill Gates, co-founder of Microsoft,
investor, and philanthropist

BLOCKCHAIN is popular thanks to the world's first
cryptocurrency, Bitcoin, and is now closely associated
with the financial sector, but the possibilities for using
the technology are much wider.

“Not only is there the
possibility that blockchain
technology could reinvent
every category of monetary
markets, payments, financial services,
and economics, but it might
also offer similar reconfiguration
possibilities to all industries,
and even more broadly, to nearly
all areas of human endeavour”.

Melanie Swan “Blockchain. Blueprint for a New Economy”

MASSMINING COMPANY DOES NOT CREATEAND IMPLEMENT
THE BLOCKCHAIN ​​TECHNOLOGIES,
BUT MAINTAINS AND
PROVIDES THE OPERATION OF BLOCKCHAIN ​​NETWORKS FOR
TWO CRYPTOCURRENCY PLATFORMS: BITCOIN AND LITECOIN

here is what happens in the network when transferring
cryptocurrency between users with our participation

“Blockchain is to bitcoin
what the internet is
to email.

A big electronic
system, on top of which
you can build applications.
Валюта — одно из
Currency is just one”

Sally Davies, Financial Times

The information itself, which A has
transmitted to B through the blockchain,
an be a “coin” (i.e. can be used as a currency),
a “signature”, a “license” or some other valuable
thing for a person or a company.

It depends on where the
technology is applied.

HOW DOES BLOCKCHAIN ​​LET YOU EARN?

The blockchain network requires 2 things to work:
the computing power and decentralization
(storage of blocks on a large number of
devices all around the world at the same time).

Therefore, the world cryptocurrencies like
Bitcoin and Litecoin need miners to
support their networks – people who can
connect their own equipment and
maintain the network.

“So, how can I make money on this?”

To motivate people to buy the equipment,
service it and use it to maintain the
network, the blockchain, in exchange for
the resources provided, rewards miners in
cryptocurrency - it is called mining.

More power means more reward

is and how much you can earn on it on a separate page.

Read more about what mining is
and how much you can earn on it
on a separate page.

What is mining?