SynFutures’ decentralized Bitcoin Hash Rate Futures aim to let miners long or short Bitcoin mining difficulty.
Decentralized derivatives exchange SynFutures announced a new product called Bitcoin (BTC) Hash Rate Futures that uses the biggest cryptocurrency’s ever-changing mining difficulty as a basis to open long or short positions. Touted as fully decentralized hash rate futures, SynFutures’ new offering would let users trade on Bitcoin mining difficulty with Wrapped BTC (wBTC). The hash rate and mining difficulty are two core mechanics of Bitcoin that have become even more popular with the miners’ exodus following China’s crackdown. The Bitcoin network requires mining difficulty to readjust in every 2,016 blocks to counter the Bitcoin hash rate — the amount of computing power dedicated to mining. As explained by Cointelegraph in detail, this two-way mechanism maintains a constant block time, or how long it ta
Źródło: https://cointelegraph.com/news/new-defi-futures-to-enable-hedging-against-bitcoin-mining-difficulty
