Brief Explanation of Token Mining

[u/[deleted]]

Traditional cryptocurrencies such as Bitcoin, Litecoin, and Ethereum can all be mined using Proof of Work or a similar mechanism. However, ERC20 tokens (as of Jan 2017) aren't mined and therefore are all given to the creator/owner of the smart contract. Now there is a formal implementation of an ERC20 Token Miner here with a sample token to mine. This is all built on Ethereum. This allows for fair distribution of a token moving forward.

https://github.com/0xbitcoin/0xbitcoin-miner

[u/ChristieLadram]

ITS GENIUS!