U.S. traders are buying 'digital residency' in Palau to skirt restrictions on the amount of cryptocurrency they can withdraw and the exchanges they can use. Major exchanges have already banned the ID, fearing abuse.
  • itslilith@lemmy.blahaj.zoneEnglish
    31·
    18 hours ago

    That’s not correct. “Mining” is a reward structure for people processing transactions. Every transaction costs a lot of energy