POOL OF STAKE

in #poolofstake6 years ago


ABOUT PROOF 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

LIST OF ABBREVIATIONS DEFINED

PoW: Proof of Work, a consensus algorithm used by cryptocurrencies first generation e.g Bitcoin
PoS: Pool of Stake, a consensus algorithm used by second-generation cryptocurrencies e.g Peercoin
dPoS: Delegated Proof of Stake, this is a Pool of Stake, in which coin holders vote for delegates
PSK: Pool of Stake Token
DLT: Distributed ledger technology, technologies, the likes of the blockchain.
A TRANSITIONAL MOVEMENT INTO THE FUTURE: From PoW to PoS
Proof of Work has been, the state of the art consensus algorithm for the first generation blockchains, over the years, it has served the purpose for which it was invented. Trending technologies and revolutions in the internet world call for a new and up-to-date technology to usher it into the new phase, hence the invention of Pool of Stake, which stands as the newest blockchain invention for the second generation of blockchains. This blockchain technology in the form of PoS will be fully adopted and integrated into the system before the end of 2019 and will be used by major players in the blockchain industry.

The pool of Stake is ready to become the biggest ever staking pool for a pool of stakes. The core value of cryptocurrencies lies in fully trustless,permission-free protocol and decentralization. The PoW has served its purpose and cannot any further aid the advancement of upcoming technologies, and since it's not ecologically sustainable and exhibits fundamental problems that compromise the essence of decentralization. Bitcoin is one of the first generations of cryptocurrency which creates new coin by mining, that is, by using computations to solve mathematical puzzles using blockchain rules. Due to the emphatic growth in network overtime, Bitcoin PoW algorithm is beginning to face fundamental problems with the current block size, the maximum transaction capacity of a blockchain per second is 7, with a peak transaction cost of 42TWh.

With the gathered analysis explained above,it is deducible, that the first generation digital cryptocurrency network Bitcoin has fundamental limitations for scalability and has problems with efficiency that cause it to drift away from its core philosophy while the fight over Bitcoin was ongoing, other sections of the community took a step into the future by creating a brand new consensus algorithm known as PoS. Leaving behind PoW with its limitations and issues, we step with PoS into the future of blockchain technology, where there are limitless scalability and high transaction sleep; Welcome to the future of blockchain.

How it Works
https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmTMGcsBCQ4s31uRmfEQMMhu5icb113rpcGDTKN49iwPSL
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

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.

TEAM
https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/Qma2hPk5PSqZCzSicvxGE6weuDA1vhoF5sHeZtvgUGEHQv
https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmY3dw6hd3X6vZYFtBVsWvofJzuJT8aDqUqamGSU7QnTBp

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?

Vitalino
https://bitcointalk.org/index.php?action=profile;u=1785478
0x867987CAc17CF76083Fd8fd5F33B455fDbCBe008

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