The first method adopted for transaction identification and verification by the first cryptocurrency bit coin is known as a proof of the work that requires the use of computing abilities (hash rate) to solve the math puzzle before the transaction block is added to the Blockchain. This process is known as mine, and people mining is called miner. This process helps to create new coins.
The power consumed by 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 for namecoin and energy efficiency in 2012. This alternative method of verifying and confirming transactions is known as evidence of a steak that needs to lock a few coins of an individual. Check your wallet, transactions that are connected and reimbursed for transaction costs. No new coins are created.
The evidence of the stake can be considered mining 2.0, and some top coins use this method to conduct transaction verification and verification at Blockchain. Examples include PIVX, NEO, LISK, ARK, and DASH.
As cryptocurrency improves and moves to a new level and requires less electricity compared to proof of the work mechanism, POS (stake certification) will be adopted as a new method for mining (blockchain transaction confirmation and verification) A lot of money for.
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 gather to get the most out of POS coins and maximize profits using smart contracts.
Why a steak pool?
The pool of stake is a way to add a new block to the blockchain base against the weight of the stake. 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's small-scale miners face two major challenges that need to be addressed.
Nodes are online 24/7 online
It should be. 2. The validity of the transaction, which is a serious problem for small miners due to the weight of individual coins. The higher the stake, the more likely you will be the next validator and receive compensation.
How to solve this problem?
The stake pool acts as a single node, allowing small holders to join together to create higher network weights and collect more mining rewards. Pool members use PSK (Pool of Stake) service to sell shares in PSK
You can create a permanent passive income. Equity operations
The pool of ecosystems The pool of ecosystems is essentially decentralized and contains two main 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 an ICO offer for sale by 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.
The following describes how the platform works with graphics
Steps. Step 1: Bob must exchange POS coins with IOU tokens through wise agreement
Step 2: Bob now pays the IOU token 23:59:59 every day for a late fee.
Step 3: The rewards you pay as an IO will be transferred to the PSK Smart Agreement to withdraw the actual POS coin rewards with some withdrawal charges discounted to the PSK token. PSK tokens and daily rewards (*) are important for PSK community members to get the most benefit from the rewards. For example, since the PSK member Bob wants to get the maximum value (100%) of the reward (he shares 0% with PSK), he has a PSK token at 23:59:59 CE (S) More than 200%.
4 You can withdraw Bob's POSAL token by exchanging IOU tokens through a smarter contract. No cost is attached
Minimum investment of 0.1 ETH
Soft cap 2,000,000 EUR
The hard cap is 8,000,000 EUR
No White List / KYC
Restricted areas USA, China, Canada, Israel, Korea, Vietnam
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