The first method adopted for transaction identification and verification by the first cryptocurrency bit coin was known as a proof of operation that required the computational ability (hash ratio) to be used to solve the math puzzle before the transaction block was added to the Blockchain. This process is called mining, and people mining is called mining. This process helps to create new coins.
The power consumed by the hash rate power is high and will continue to increase as the network's total hash rate continues to increase.
After much research, there was an alternative to energy efficiency and namecoin for the first time in 2012. This alternative to transaction verification and verification is known as a proof of equity. Check your personal wallet, transactions that remain connected and rewarded with transaction fees. No new coins are created.
Stake evidence can be considered mining 2.0 and some major coins are used to identify and confirm transactions in Blockchain using this method. Examples include PIVX, NEO, LISK, ARK, and DASH.
Since the cryptocurrency is improved and the electricity usage is smaller than the work mechanism proof as it moves to a new stage, POS (Story of Story) will be adopted as a new mining method (blockchain transaction confirmation and confirmation) I will.
The pool of cryptocurrency mining is people who collect mining resources together and share rewards among them. The stake pool is the first distributed pool that people can use together to keep POS coins and generate maximum profits using smart contracts.
Why a steak pool?
The pool of stake is a way to add a new block to the blockchain base, depending on the weight of the coin latch. The next validator for the new block is randomly determined by the algorithm and the validator is compensated for the transaction fee, in which case no new coin is generated.
The pool of stake is a way to add a new block to the blockchain base, depending on the weight of the coin latch. The next validator for the new block is randomly determined by the algorithm and the validator is compensated for the transaction fee, in which case no new coin is generated.
However, POS miners face two major challenges that need to be addressed.
- A node must be online 24/7 when online.
- The weight of individual coins determines the probability of becoming a validator of a transaction. This is a serious problem for small miners. The higher the stake, the more likely you will be the next validator and receive compensation.
How to solve this problem?
The pool of stakes will serve as a single node that allows small owners to join together, creating a much higher network weight and collecting more mine rewards. Pool members using the PSK (Pool of Stake) service can take coins to the PSK and reward them for permanent passive income
The pool of stakes will serve as a single node that allows small owners to join together, creating a much higher network weight and collecting more mine rewards. Pool members using the PSK (Pool of Stake) service can take coins to the PSK and reward them for permanent passive income
The source of the stake work The
stake ecosystem pool works by using an intelligent contract that is inherently distributed and has two major tokens, described below.
a) The PSK token is a utility token that allows the user to get a discount on the withdrawal fee and is provided for sale by ICO of Ethereum Blockchain.
b) The IOU token is used to claim the POS coin on the PSK platform. This token can not be transacted or transferred between members.
stake ecosystem pool works by using an intelligent contract that is inherently distributed and has two major tokens, described below.
a) The PSK token is a utility token that allows the user to get a discount on the withdrawal fee and is provided for sale by ICO of Ethereum Blockchain.
b) The IOU token is used to claim the POS coin on the PSK platform. This token can not be transacted or transferred between members.
Token Information
Token PSK
Token PSK
Platform Ethereum
Accept ETH
Minimum investment 0.1 ETH
Soft cap 2,000,000 EUR
Hard cap 8,000,000 EUR
Country Switzerland
White List / No KYC
Restricted areas USA, China, Canada, Israel, Korea, Vietnam
For more information:
Website: https://www.poolofstake.io/
ANN THREAD: https://bitcointalk.org/index.php?topic=3283742.0
Twitter: https://twitter.com/poolofstake
WHITE PAPER: https: // www .poolofstake.io / wp-content / uploads /
2018/04 / Pool_of_Stake_whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=3283742.0
Twitter: https://twitter.com/poolofstake
WHITE PAPER: https: // www .poolofstake.io / wp-content / uploads /
2018/04 / Pool_of_Stake_whitepaper.pdf
Facebook: https://www.facebook.com / poolofstake
YOUTUBE: https://www.youtube.com/channel/UCenEbx5MwCF7kjTAWU-jv_g?
YOUTUBE: https://www.youtube.com/channel/UCenEbx5MwCF7kjTAWU-jv_g?
Authors: YarisRiyadi1st
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1756824;sa=summary
My ETH: 0x8B1820FB5829696cA5b595d09dF4e0F5757a97A7
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