Stakebase is what many experts are calling the new wave in cryptocurrency!! This is the green currency that is friendly to new users as well as the enviroment!! Now you do not need tons of experience with cloud servers and mining equipment!!! No huge energy bills for mining operations just Enroll Here and see the amazing benefits to Stakebase!!!
STAKEBASE – The Future Of Cryptocurrency Exchanges
You Need This and the best way to stay informed and educated is to stay up with the financial industry!! Cryptocurrency is here to stay and is changing the financial industry!! The only way something interupts a market is when it is working and Cryptocurrency just makes so much sense. It is here to stay and Bitgenx is the way to trade!!! Just keep reading and you will see the many benefits of trading with Bitgex!!!!
Are you just starting your journey into Cryptocurrency well you just stumbled on the best beginning opportunity to get in to the game!!! Start earning with Bitcoin Green!! This is the only Cryptocurrency Staking that I recommend. Now with the environment in mind as well.
You are new to the world of Cryptocurrency? Well then you lucked out and you just stumbled upon the GOLDEN NUGGET . This is an article of info and and amazing crypto solution. STAKEBASE is the only solution for a Cryptocurrency Exchange and Wallet that we do and will recommend for staking Crypto.
With STAKEBASE, only vetted COINS (by Crypto Experts) make it onto the platform/exchange. Now only Crypto (coins) that are able to be Staked are they allowing as well. Making this the first and best haven for Proof of Stake Coins.
Staking is one of the way for mining cryptocurrency. When staking, you are Supporting the Network while finding more blocks and at a faster rate! When using the Proof of Stake (PoS) system that is the foundation of most new cryptocurrencies. Staking is when you buy cryptocoins and hold them in a wallet for a particular length of time. This is much like normal bank deposit in the normal banking currency sphere. Similar to a deposit which rewards you with a earned interest at the end of the length of time in the contract. So now you do not need knowledge and equipment for the mining just save your money here and earn more for your investment!!!
Proof Of Stake also rewards you with additional coins. Keep your coins in your wallet and, you are receive a reward the network. Therefore, your coins will rise in number depending on how long you hang on to them in the wallet. Just like a normal bank deposit allowing you to earn more and from others as well!! Just check out the amazing benefits you get from referring friends!!!!
Cryptocurrencies and blockchain technology hold a huge amount potential for humanity. With Bitcoin other cryptocurrencies that are mined with the proof-of-work system is incredibly wasteful. Mining using this method is consuming huge amounts of energy. Also it takes a large amount computer power while you are mining coins. This is becoming a major problem that Stakebase is fixing!!! That is awesome!!!
The Stakebase network a system they call proof-of-work or (PoW). This is where the computers computers in the network use large amounts of power to secure the network. PoW Causes many fundamental Problems that include the following:
Bitcoin mining uses more power than the Czech Republic and almost as much as Chile!!! Mining is a process that uses more energy than 153 of all the countries on earth That is a ton of power consumption!!!!
One Bitcoin transaction uses enough power to run the average U.S. home over 34 days!!! Wow that is staggering!!!
These transactions are 550,000 times less efficient than a single Visa payment.
Miners are monetarily rewarded to keep the mining network as slow and costly as possible, while currency holders and the developers want the network to be as fast, and as inexpensive as possible!!! Also making this as scalable as possible allowing the general public to benefit from digital currency!!!
Currently the proof of work miners are not required to own any of the coins which they mine. they do not have to actually own or hold a balance of the currency itself. Many Miners often sell the coins they mine immediately for cash and can quickly switch from one network to another if another!!! They switch to another coin or currency that is more profitable to mine is more profitable to mine. The miners have most of the control of the network. They are not even required to have “skin in the game”.
Bitmain is one of the largest mining company based out of China. They have control of 42% of all the Bitcoin mining network. Bitmain either directly or indirectly has 42% of the bitcoin ownership, through their ownership of BTC.com and Antpool, two of the largest mining pools.
including the other Chinese mining pools, they could take out over 50% of Bitcoin’s computing power if it wanted to. That is too much control and no reins!!
To become a cryptocurrency miner in PoW requires significant amount of money investment on specialized hardware, warehouse facilities, electricity bills, technicians, etc. These high upfront costs push out potential miners not having the cost to enter and leads to centralized network. This means large mining companies.control the currency making it less decentralized
Now, the solution to these many problems is operating on the proof-of-stake. Unfortunately, the Monetary incentives for The big mining companies and other titans of industry to maintain the PoW is just simply too great. We believe that a home town, community-led movement to use, develop, and adopt sustainable solutions will provide the only long-term, reasonable solution to the current problems.
(BITG) or Bitcoin Green uses proof-of-stake. This (proof of stake) Creates a secure network that uses intuitive monetary motives, instead of wastefully using massive amounts of power and computing power. Bitcoin Green can be mined on just about any computer. It also consumes no more energy than a normal desktop application.
Holders of the cryptocurrency essentially post collateral in the form of Bitcoin Green. This proves to the network they are stake holders and thus are monetarily motivated to follow the rules of each network. Network inflation, or freshly created BITG, flows right to the owners of the coin. This helps align monetary incentives. this helps the network participants through creating one single interest group.
There is no longer a difference between proof of work miners and proof of stake currency holders. With Bitcoin green new participants entry removes barriers and ensures new coins are widely distributed. This also leads to natural governance mechanisms, by which stake holders of the cryptocurrency can vote for proposals directly on the blockchain in a transparent fashion, with votes proportional to their stake in the network.
All In All This Is The Solution Of The Future
Get started with Bitgex today and start staking your claim in the world of digital currency!! Start now and enroll here!!! Start taking advantage of this awesome opportunity to invest and gain more in intensives that you will a standard bank account. JUST GO HERE AND ENROLL AND TELL YOUR FRIENDS AND EARN!!
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