Event-Driven Scaling refers to a method of adjusting the capacity and performance of blockchain networks based on real-time events or conditions. Instead of maintaining a constant level of resources, the network dynamically allocates resources during periods of high demand. This approach allows blockchains to process transactions more efficiently when user activity spikes, such as during major market events or significant announcements. When demand decreases, resources are scaled back to conserve energy and reduce costs.The mechanism often uses smart contracts and automated processes to monitor network activity and trigger scaling actions. By optimizing resource use, Event-Driven Scaling enhances user experience, reduces transaction fees, and can lead to greater overall stability in the network. In essence, it allows for a more responsive and flexible infrastructure, adapting to the fluctuations in user engagement and market conditions.

BitMine Reports $13.4 Billion in Crypto and Cash Holdings
BitMine Immersion Technologies on Monday reported total holdings of $13.4 billion in cryptocurrency, cash, and equity stakes, reinforcing its position