Bithority
Bithority or "Bitcoin Mining Control Authority" is a protocol/network or a DeFi based on Bitcoin mining economy that intends to provide a trustless platform for renting Bitcoin hashrate to any-scale investors.
Bithority or "Bitcoin Mining Control Authority" is a protocol/network or a DeFi based on Bitcoin mining economy that intends to provide a trustless platform for renting Bitcoin hashrate to any-scale investors.
The market for decentralized Bitcoin mining solutions is growing rapidly, as evidenced by the success of projects like Blockstream's BMN token. However, existing solutions often have limitations such as high investment thresholds, centralization, and lack of global accessibility. Bithority addresses these shortcomings and opens up new opportunities for investors and miners alike.
Bithority's protocol verifies both sides of the hashrate renting process, eliminating the need for trust in third parties. No KYC or identity verification is required for participants, ensuring full privacy. Miners can access critical operating budgets without selling their Bitcoins or relying on institutional loans, promoting financial independence.
Starting with Bitcoin mining and adding other networks in the future.
Bithority helps distribute hashrates among any-scale investors and miners worldwide, reducing centralization risks.
bithority.com
info@bithority.com
@KoFiTech_Owner
