TECHNOLOGY Merit
Yes,
Merit believes whole-heartedly in the power of simplicity and making
digital currency approachable to non-technical users. But that doesn’t
mean that we don’t take the underpinning technology seriously. In fact,
the most elegant and usable solutions are often the most challenging to
build. From our approach to mining to our upcoming roadmap features,
this section of the site covers the technical thinking behind some of
the core concepts in Merit. If you’d like to learn more about the
reasoning behind our core decisions, check out the Why Merit section of
the site.
MINING
The
Merit approach to mining is one of its core innovations. As a
refresher, the design goals with the Merit mining system are as follows:
A more level playing fieldInstead of favoring the financial and technical elite, Merit strives to allow people from any background to benefit.
Better for the planetInstead of utilizing huge amount of power and producing large amount of heat, Merit strives to be just as secure while running cool and on less power.
Computer-FreeInstead of requiring users to have a personal computer, Merit strives to be truly accessible to all users worldwide, including those that only have smartphones.
To accomplish this, the Merit team invented Growth Mining. This new concept redefines how mining happens in a network: instead of only focusing on security, Merit mining covers both security and stewardship of the network. (For additional information around mining, read our Mining Primer
A more level playing fieldInstead of favoring the financial and technical elite, Merit strives to allow people from any background to benefit.
Better for the planetInstead of utilizing huge amount of power and producing large amount of heat, Merit strives to be just as secure while running cool and on less power.
Computer-FreeInstead of requiring users to have a personal computer, Merit strives to be truly accessible to all users worldwide, including those that only have smartphones.
To accomplish this, the Merit team invented Growth Mining. This new concept redefines how mining happens in a network: instead of only focusing on security, Merit mining covers both security and stewardship of the network. (For additional information around mining, read our Mining Primer
Merit best maining
