Bot Herder

Bottleneck in crypto terminology refers to a point in the blockchain process where transaction speed is slowed down due to high demand or limited processing capacity, affecting overall network efficiency.

A bot herder is someone who manages and controls a group of automated programs, commonly referred to as bots, often to execute tasks related to trading or mining. In the context of digital currencies, these bots can perform functions like buying and selling assets at specific times, analyzing market trends, or even executing complex strategies.Bot herding involves coordinating multiple bots to work together efficiently. This can maximize profit or automate processes that would be cumbersome if done manually. Individuals or organizations may use these bots to take advantage of trading opportunities quickly, especially during periods of high volatility.While bot herding can be used for legitimate purposes, it can also be associated with unscrupulous activities. Some may use bots to manipulate market conditions or execute fraudulent schemes, affecting overall market integrity. The effectiveness and ethics of a bot herder’s actions can vary greatly, shaping their reputation within the broader community.

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