Thanks for the coins and the warm welcome!
By the way, a question about mining, what happens if no one is mining on one (or more) of the 30 algo's? Will the chain stop?
thats a good question!
Easy as that - we got 30 algos that can independently move the chain but they affect each other a bit as well ..
if in theory 29 algos were unused - we would have a block about every 30 minutes instead of every minute.
Same time the blockchain would realise the other 29 algos didnt generate a block in time and the diff would get retargeted to make it easier for miners.
We retarget every block!
so after a few blocks all other algos would be really easy to mine and you can be sure there will be somebody that will grab some easy GLT
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This scenario was heavily theoretical!
GlobalToken got AuxPOW (mergemining)
this means, if you are a pool operator with some technical knowledge you can use the hashrate of your pool for other coins for GLT as well and mine GLT nearby for free without affecting the primary mining.
Theres a lot of pools doing this already so chances to have 50% of the algos unused is very unlikely
and even that would mean - we have a block every 15 minutes
i made an overview of the mining algos and the current difficulty. -->
https://cryptopowered.club/mining/This will be refreshed every 3 minutes and if you are interested you can have a look at the page several times a day and you will notice the difficulty is always changing to make the chain as smooth as possible!
If you got more questions or need more details, just leave me a message
Greetings - Astrali
