The deal dominating Bitcoin news includes a reported massive OTC deal between Avorak AI and a private Bitcoin miner. The OTC deal has potential implications for the institutional market and the future of AI-powered platforms.
What is an OTC agreement?
An over-the-counter (OTC) agreement is a transaction between parties outside of a formal exchange. Over-the-counter agreements apply to transactions not listed on a stock exchange but adapted to specific needs. They may involve large sums of money or sensitive information. Unlike exchange-traded transactions, OTC transactions are usually executed directly and involve the negotiation of terms that meet the requirements of both parties. The terms of an OTC deal, such as price and quantity, are not publicly disclosed and are usually agreed upon in private negotiations. OTC transactions are a standard in the field of cryptocurrencies.
What is Bitcoin Mining?
Bitcoin mining involves creating new bitcoins by solving complex mathematical problems using robust and extremely powerful computer networks. The process involves verifying and adding transactions to the blockchain which records all Bitcoin network transactions. Bitcoin miners deploy powerful, high-level computer hardware, such as Application-Specific Integrated Circuits (ASICs), to undertake large mathematical calculations to create new bitcoins. The process requires miners to compete against each other to solve mathematical algorithms, and the first miner to successfully solve the puzzle earns the right to add the last block of verified transactions to the blockchain, along with a reward of newly minted bitcoins. . As more miners participate in the network, the difficulty of math problems increases to slow the influx of new bitcoins and maintain a stable inflation schedule. Thus, the Bitcoin mining process requires significant computing power, energy consumption, and specialized hardware. Bitcoin reports that the Bitcoin halving event scheduled for 2024 will halve miner rewards to reduce supply and increase the price of BTC.
Bitcoin mining operations require significant upfront operational costs, so miners typically pool their resources to increase their computing power and improve their chances of earning a Bitcoin reward. The Bitcoin mining process is essential to the creation and operation of the decentralized Bitcoin network, and its complexity and energy requirements make the new Bitcoins much more restricted than traditional currencies.
Avorak AI, an innovative AI-powered platform, has entered into a major over-the-counter (OTC) deal with a private Bitcoin miner. The platform offers advanced AI and machine learning algorithms to optimize strategies, reduce risk and increase returns, making it a promising choice for institutional users and high-volume traders. This OTC deal will give the private bitcoin miner access to Avorak AI’s advanced tools and strategies, enabling them to make informed decisions, maximize risk-adjusted returns, and manage their portfolios more efficiently.
Avorak AI
Avorak AI’s tools and services are settled using AVRK, its native token currently in ICO phase six at $0.235, having surged 291.67%. ICO holders currently earn 5% bonuses and have access to beta testing and priority staking. YouTube videos from enthusiasts break down the white paper and project roadmap in an understandable way.
Avorak Write includes Avorak’s portfolio and helps generate content using its bank of advanced pre-written languages and API. The tool eliminates repetition and plagiarism by automatically editing, proofreading and correcting the text before generating the final copy.
Conclude
The massive OTC deal between Avorak AI and a private Bitcoin miner is an important development that highlights the potential of Avorak AI’s innovative platform and the growing adoption of Bitcoin and other cryptocurrencies. This OTC deal will allow the private Bitcoin miner to take advantage of Avorak AI’s advanced tools and strategies.
Find more information about Avorak AI and its ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Disclaimer: This is a sponsored article, and the views contained therein do not represent those of ZyCrypto nor should they be attributed to it. Readers should conduct independent research before taking any action related to the company, product, or crypto projects mentioned in this article; nor can this article be considered as investment advice.
