Sode.docs
  • Introduction
  • Market Analysis
    • Current State of the Cryptocurrency Mining Industry
    • Environmental Concerns and the Shift Towards Sustainable Practices
    • Competitive Landscape and Sode's Positioning
  • Technology Overview
    • Solar Energy Harvesting
    • Energy Conversion Process
    • Cryptocurrency Mining Process
    • AI Integration for Smart Power Management
  • Infrastructure
    • Strategic Location Selection
    • Internet and Power Supply
    • Security Measures
    • Mining Containers and Equipment
  • Tokenomics
    • $SODE Functions
  • Operational Model
    • Mining Operations
    • Equipment Rentals
    • Infrastructure Rentals
    • AI-Driven Operational Efficiency
  • Environmental Impact
    • Contributions to a Greener Planet
  • Roadmap
  • Governance
    • Governance Model
    • Decision-Making Processes
  • Risk Management
    • Identifying Potential Risks
    • Mitigation Strategies
    • Contingency Plans
  • Legal and Regulatory Compliance
    • Global Regulatory Landscape
    • Compliance Strategies
    • Risk Management Strategies for Regulatory Changes
    • Conclusion
  • Appendix
    • Glossary
  • Frequently Asked Questions (FAQ)
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  1. Appendix

Glossary

PreviousConclusionNextFrequently Asked Questions (FAQ)

Last updated 8 months ago

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  • Cryptocurrency Mining: The process of using computing power to solve complex mathematical problems to verify and record transactions on a blockchain. Miners are rewarded with cryptocurrency for successfully solving these problems.

  • Decentralization: The distribution of power or control across multiple independent nodes or entities within a network, rather than being concentrated in a single central authority.

  • Blockchain: A distributed ledger technology that records all transactions across a network. Data is grouped into blocks, which are linked together through cryptography, forming a chain.

  • Photovoltaic (PV): A technology that converts sunlight directly into electricity, typically using solar panels.

  • AI (Artificial Intelligence): A technology that simulates human intelligence, capable of performing tasks such as learning, reasoning, and self-correction. In the Sode project, AI is used to optimize mining operations and energy management.

  • KYC (Know Your Customer): A process used by financial institutions and other relevant entities to verify the identity of clients in order to comply with anti-money laundering regulations.

  • AML (Anti-Money Laundering): Laws and regulations designed to prevent the process of disguising illegally obtained funds as legitimate income through the financial system.

  • GDPR (General Data Protection Regulation): A legal framework in the European Union for protecting personal data privacy and security.

  • Decentralized Decision-Making: A process in which decisions are made collectively through voting or consensus mechanisms, rather than relying on a single central authority.

References and Resources

  • Latest developments in global cryptocurrency regulations: https://www.cointelegraph.com/tags/regulation

  • Trends and developments in renewable energy technology:

  • Principles and applications of blockchain technology:

https://www.renewableenergyworld.com/
https://www.ibm.com/blockchain/what-is-blockchain