YUSRA GLOBAL LEVERAGES THE PROOF OF STAKE METHOD TO REWARD USERS
Mining, a trending aspect of blockchain technology which involves the process of adding transactions to the vast public distributed network of existing transactions known as Blockchain. Mining is commonly associated to Bitcoin but the increasing awareness of blockchain technology's potential caused several blockchain projects, companies and firms to use this excellent innovation in their operations.
The procedure of mining involves creating block transaction hash that cannot be forged, establishing more trustworthiness and integrity of the blockchain significantly rewarding the miners. Mining doesn't require the presence of a centralized system. Block verification consensus in blockchain mining is comprised of two familiar mechanism which is the Proof of Work and Proof of Stake. In this article, I will be focusing on the Proof of Stake (POS).
WHAT IS PROOF OF STAKE ALL ABOUT?
Proof of Stake(POS) consensus mechanism was developed as an improved alternative to tackle the problem of Proof of Work(PoW) consensus mechanism . Proof of Stake algorithm was first implemented by the Peercoin then after, Vitalik Buterin made the concept a global trend.
The Proof of Stake consensus mechanism allow persons to easily validate block transactions based on the cryptocurrency or coins owned by the miners. It can exist without any computing power and miners can verify transactions with their coins on the blockchain, this process is also called STAKING. Miners are able to receive incentives from Proof of Stake by locking up their coins in a smart contract or storing them in an online wallet.
The procedure do not require consumption of large amounts of electricity to secure blockchain unlike the Proof of Work and centralized risk factors is mitigated because the incentives obtained is proportional to the percentage of the miner's asset in lockup or staked. There is no link between adoption and security because cryptocurrency with the POS algorithm feature enables stakers or miners to receive profits that is not connected to the market value of the cryptocurrency asset, instead profit percentage is placed at a fixed rate. Therefore utilizing the Proof of Stake algorithm assures that miners are not pressured by price,cost of reduction is available and easy start of mining operations without the need of heavy computing equipments.
Several blockchain projects are incorporating Proof of Stake as their consensus mechanism because of it's advantageous features. Proof of Stake enables blockchain to acknowledge the stakes and execute decisions based on it, hence giving public blockchain projects new attributes. Yusra Global is an example of a public blockchain based project that is currently utilizing the innovative Proof of Stake method within it's ecosystem.
Yusra Global is a new project that uses blockchain technology and concept of Proof of Stake to guarantee the ecosystem operation is more developed and effective enough to become the leading decentralized payment platform. Yusra Global is developed based on wave blockchain, while the trademark Yusra cryptocurrency is designed on it's core blockchain (Yusra blockchain) and integrated with unique Proof of Stake (PoS) consensus mechanism (Yusra POS) which ensures that users receive rewards for active mining. Generally, Crypto wallet is an essential factor of cryptocurrencies.Crypto wallets exists in different available types which includes:paper wallet, online or web wallet, mobile wallet etc. Yusra Global utilizes the web wallet mechanism, permitting users to easily store their assets including rewards recieved via Yusra Proof of Stake mining. The Yusra web wallet ensures that users can register and have capability to manage multiple cryptocurrency assets and access instant transactions which is suitable for trading, withdrawals and depositing.
Yusra Global web wallet : https://app.yusra.global/
The implementation of POS algorithm will allow users to stake their coins or cryptocurrency within the platform and easily obtain incentives without the requirements of heavy computing equipments. Users can pay low commissions and obtain access to user friendly services offered by Yusra Global blockchain ecosystem.
Yusra Global is unique and revolutionary, the features associated with the platform is beneficial to investors, businesses and interested persons from around the world. PoS concept is promoting global adoption of blockchain technology via provision of opportunity for more security, decentralization and incentivization. If you are interested in receiving benefits from Proof of Stake consensus mechanism which is inexpensive, then check out Yusra Global Blockchain Ecosystem.
#YusraGlobal #Yusra #CryptoYusra #BlockchainYusra
Get more information about the project by using the links below ;
Website: https://yusra.global
Wallet : http://app.yusra.global
Twitter: https://twitter.com/YusraGlobal
Instagram: https://www.instagram.com/yusra.global
VK: https://vk.com/yusra.global.blockchain
Telegram: https://t.me/YUSRAGLOBAL
Medium: https://medium.com/@YusraGlobal
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary