POOL OF STAKE: REVIEW PROJECT
ABOUT POOl OF STAKE
The pool of Stake is the first of its kind, a decentralized pool for Proof of Stake, which is the future of blockchains. Holders of Bitcoin, Tezos, Qtum and other PoS coin can unite in the Pool of Stake and engage in the mining of 2.0, generating a daily forging reward by simply staking their PoS coins. PSK is a distinguished self-operating platform for Proof of Stake blockchains.
PSK has the aim to augment benefits for small investors who just joined the platform. With the assistance that Pool of Stake gives, coin miners can generate forging rewards daily by merely putting up their PoS coins on a stake. The PSK which acts as a knot that allows little validators to unite and work together to create a much higher network weight, and collect more forgings/mining 2.0 rewards.
PSK through its services, allows members to invest their coins with the PSK Platform and constantly generate a residual revenue for themselves rewards forgotten. The Pool of Stake platform, gives users the ability to check the state of the pool, the rewards they are entitled to at all times, and also protects the user's privacy.
The Pool of Stake platform, the pool of stake platform has intelligent database allows members to check the total amount of coins held by the Pool and the remuneration generated as a whole, this enables them to know the correctness of their individual rewards.
PSK has a smart i.o database that shows the performance of various PoS coins that allows the members to track and monitor the ever rewarding coin.
The PSK Platform will include a communication medium so that it's members can reach out to each other, make meaningful contributions to the community and cast votes on important decisions.
How it Works
Problems
Proof of Stake is a consensus algorithm employed by many cryptocurrencies. The proof of work algorithm is unsustainable and has problems that compromise decentralization. These key problems with the proof of work algorithm include the high energy consumption rate and the limited scalability which results in the inefficiency of the mining system.
Moving into the future and foreseeing the inherent danger and unsustainability in the continual use of the proof of work algorithm, the Proof of Stake which is a fully decentralized, self-regulated and fully trustless pool was created.
The Pool of Stake Solution
Pool of Stake which is even made more powerful by the use of globally distributed nodes and smart contracts where holders can unite in the Pool of Stake and start Mining 2.0 and also generate daily forging rewards by just staking their Pool of Stake coins.
The idea is to make mining more, less stressful, more efficient and profitable for individual proof of stakeholders and to make sure that small miners who come together to mine in the pool of stake are rewarded in the proof of stake system.
To this effect, the use of an ERC-20 PSK utility token and also an IOU token was developed, making sure that PSK platform members are always in full control and have unrestricted access to their staked coins. As the bitcoin network grows larger in size, highly professional, sophisticated mining pool became needed for mining of bitcoin.
The Future of the Blockchain
The Proof of Stake (PoS) consensus algorithm will offers better prospects to the blockchain than previous consensus algorithms such as Proof of Work (PoW) and Proof of Authority (PoA). Though each has impressive features, PoS might outshine them.
What I like most on PoS is its opportunity for miners and the earning opportunities it offers. Unlike miners that create new coins as obtainable in the Proof of Work (PoW) consensus algorithm, Proof of Stake (PoS) changes the dance steps.
What you’re required to do on PoS is to validate or confirm transactions. What you get here is random selection of validators (miners in PoW) who are vested with the authority of validating coming blocks on the blockchain.
For your opinion to count during the validation of blocks, you ought to have enough staked coins as this amount to more voting power. Simply, in the Proof of Stake (PoS) consensus algorithm, you validate transactions instead of creating new coins and you get paid for doing so instead of receiving mining rewards.
TOKEN DETAILS
Ticker: PSK
Platform: Ethereum
Exchange Rate: 1 PSK= 0.30 EUROS
Investment Ratio: 0.1 in ETH
Soft Cap: 2 million EUROS
Hard Cap: 8 million EUROS
Accepted: USD ETH, CHF and EURO
Roadmap
SUMMARY
The project is very well prepared from the technical and business side, with very extensive and transparent research papers and project directory and guidelines. With the Pool of Stake platform, small coin owners can pool funds together and reap forging rewards. With the Pool of Stake, all coin miners are prospective investors.
TO LEARN MORE ABOUT POOL OF STAKE KINDLY VISIT THE FOLLOWING CHANNELS
WEBSITE : https://www.poolofstake.io/
Bitcointalk ANN : 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
TELEGRAM : https://web.telegram.org/#/im?p=@poolofstake
FACEBOOK : https://www.facebook.com/poolofstake
YOUTUBE :https://www.youtube.com/channel/UCenEbx5MwCF7kjTAWU-jv_g?
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1636502