With the development of human business, various organizations have emerged to deal with business challenges in different historical periods. For example, from Roman times, entities with unlimited and limited liability emerged, promoting commerce through systems of distribution and liability. In the 16th century, a company with a shareholding system appeared, which became the most important commercial organization in the age of navigation. In the 20th century, with the development of global trade, in order to solve the inability of financial communications in various countries to adapt to the rapid growth of international payment and settlement, the United States, Europe and other countries and regions led the organization and established the dollar-based SWIFT centralized control of the global trade financial system.
However, in the past evolution from social form, problems such as dictatorship, centralization, and monopoly have undoubtedly appeared, which have hindered the development process of human globalization. Since the birth of Bitcoin, Ethereum, USDT, and POWER DAO in the 21st century, the DAO distributed autonomous organization has begun to change the process of digital economic development. This is what human beings are constantly trying to find the most economical and efficient mode of operation, which can be fairly distributed when the profit is maximized.
Why the future world needs DAO more?
Compared with traditional organizations, the arrival of DAO can quickly and without borders complete the large-scale collaboration of resources, capital and talents around the world. Through the democratization of DAO and the encouragement of members to highly participate in governance, proposals, voting, decision-making, etc. are all coded, stored and disclosed on the chain, and are open and transparent, and cannot be tampered with.
DAO is the leading form of organization in the future world. Its historical significance will become an organizational form to replace the company's share-holding system in the era of digital economy. The core is the legalization of DAO code, the codification of supervision, automation, and the voting of legislation and supervision procedures in the future.
POWER DAO is driven by the will of the community. The algorithmic power can be freely selected, switched, combined, and focused freely, reducing the threshold for algorithmic power access and a global decentralized computing power autonomy agreement that can be followed along. Since its inception, POWER DAO has aimed at the trillion-dollar global algorithmic power market and the actual demand for credit guarantees, and has carried out cross-border and cross-border credit value exchange with its efficient, reliable, low-cost and perfect services.
POWER Miner allows each unit of computing power to independently, flexibly and unrestrictedly provide computing power pledges to vote for Bitcoin, Ethereum and other emerging public chains and obtain incentive tokens. At the same time, it forms a strong algorithmic power competition with the consensus power of DAO. Advantage. It aims to realize the bridge between the physical world and the byte world - "Algorithmic power", thereby redefining the credit and value of computing power, and using "computing power" as a value credit medium to establish a decentralized, transparent and secure algorithmic power autonomy protocol.
POWER DAO will be a self-organizing and self-evolving organizational form based on the algorithmic power of algorithmic power productivity after DeFi, which will solve the situation that the computing power of public chains such as Bitcoin and Ethereum gradually falls into centralization and monopoly. At the same time, it will elect a higher performance, lower energy consumption, more decentralized, and more secure infrastructure that can support the next generation of the Metaverse through a flexible method of algorithmic power pledge voting.
Mining is the only method through which Bitcoins are created.
The process of creating Bitcoins is called mining; bitcoins are created in blocks of 50 bitcoins.
Read more here about Bitcoin Mining.
