How does Duino coin work?

To commence the mining process, a miner initiates a request for a job from one of the nodes within the network. This request serves as the starting point for the miner to begin generating hashes in hopes of finding a valid one.

Upon receiving the job request, the node responds with an expected hash value, along with the hash of the last successfully mined block and the current difficulty level. These pieces of information are crucial for the miner to proceed efficiently.

The Duino-Coin algorithm, known as DUCO-S1, operates on a foundation of SHA1 hash chain technology. This approach ensures that the integrity and security of the mining process are upheld.

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Within the DUCO-S1 system, miners are incentivized for their contributions by receiving rewards for each share they successfully mine. These rewards are allocated based on the hash value of the previous block, fostering a competitive yet collaborative environment.