POOL OF STAKE
The mining field is moving into the future world from proof of work to proof of stake. Proof of work means it is highly upvoted algorithm for the first generation blockchain technology For instance bitcoin. And proof of stake is a new generation algorithm in the blockchain technology. You can take for example of proof of stake peer coin. This can be used for major players of Blockchain field, when this POS will main stream then the pool of stake become main forging for proof of stake. So that proof of stake is the future blockchain that is more efficient to mine cryptocurrency that's why the ethereum is switching from proof of work to proof of stake.
POOL of stake project
Presently people are using simple computers and an applications to mine different cryptocurrencies like bitcoin. Therefore the bitcoin platform is grew up strongly day to day life. so that there is need a sufficient hardware for mining that cryptocurrency. There home PCs are not sufficient to mine the bitcoin thats why they need to buy a expensive and powerful electronic components. the main disadvantage of that components are very power consuming. And also bitcoin blockchain has scalability problem means it provide 7 transactions per second, so that it demand very high transaction fees that is around $50 at the peak time and also it consume more electricity per annum that is around 42 Twh. Therefore it can split into two peace such as bitcoin and bitcoin cash.
POOL OF STAKE is the future blockchain and a decentralized pool for proof of stake, pool of stake will going to bring together of proof of stake token holders for provide more profits from mining with 2.0. To make mining more secure pool of stake is using smart contract and blockchain nodes. Proof of stake coin holders will take more advantage from this platform like it will help to increase small miners profits, provide ERC20 PSK token and an IOU token, with this platform users are able to track, control and optimise there own investment. It is using database and analytic tools to provide more profits to its users.
Pool of stake implementation
There are four steps in the implementation process. If a proof of stake coin holders wants to participate in pool of stake firstly he need to transfer his proof of stake coin on exchange with an IOU tokens through smart contract. By doing this he will get passive reward. And IOU tokens cannot be traded on exchanges, its aim is to provide POS tokens ownership for its users. The main advantage of PSK smart contract for his members, they have full control over their PoS coin. With this all transactions are performed via smart contract and there is no any way for malicious activities. PSK is a utility token based on ethereum blockchain technology, with this participants don't need to pay withdrawal fees.
Firstly this is a unique platform that is first elaborate the problems of proof of work blockchain such as inefficiency, scalability and centralization etc. To solve, it is built proof of stake this will make its token holders as a central players. This platform main aim is to unite proof of stake coin holders and help them to take more profits and guaranteed rewards. PSK is a self regulated, decentralized platform. It will provide an excellent analytic tools, database and smart contract to its members for optimise and control their investment.
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
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