The blockchain technology was birthed with PoW (Proof-of-Work) consensus in which miners earn based on how much mathematical nodes they can solve in trying to confirm a transaction within the block. Over time, PoW was faulted as miners always hike the transaction fee whenever there is a congestion in the network (due to huge pending transactions). This came about the Ethereum blockchain, which is based on PoS (Proof-of-Stake) consensus. As against how much you work, PoS entails mining of cryptocurrencies based on how much you possess as stakes (owned).PoS is said to be the future of the blockchain technology as it currently provides wonderful solutions to most, if not all the challenges with PoW.
POOL OF STAKE
Pool of Stake is making a protected pool for pool of stake coin, which seems to be the blockchain's destination. Qlum, Stratis, Universal and soon Ethereum holders can meet up in the pool of stake and begin staking together on the Pool of Stake blockchain ecosystem. Pool of Stake goes for working in a wide range of PoS blockchain, Smart contract blockchain with a designated component. The principle objective which the PoS ecosystem is set to build benefit for all coin holders by empowering confident in condition for clients to pool resources together.
Pool of Stake (PSK) is a completely decentralized with a secured pool for PoS. The PSK will give an investigation analysis by means of a smart i.o database that will enable individuals to track, control and improve their ventures. The PSK enables small scale miners to fabricate a mining pool by consolidating to mine in order to gather exceptional high remuneration.
The operation via PSK Smart Contracts has a double advantage
for members of the PSK. Firstly, the user always remains the owner of his PoS currency and has full power over the coins through the IOU card. Secondly, since all transactions are made via Smart Contracts, the system is completely unfaithful and there is no room for malicious behavior.
PSK is a utility token sold during the ICO, which allows users to get discounts in extraction rates. The PSK token is located in the Ethereum blockchain so users can keep PSK tokens in their favorite Eth portfolio. IOU tokens are used exclusively to declare the initial property of the PoS currency. Therefore, IOU tokens can not be exchanged, even among members of the PSK community.
PSK will act as a normal node in PoS currencies. In the MVP, PSK will collaborate with delegates for dPoS coins. The long-term vision is for PSK Present your delegates for dPoS (Delegates proof-of-Stake) coins like Ark or Waves.
ADVANTAGES OF POOL OF STAKE
- Transparency: PSK is a ecosystem generally bolstered by the blockchain technology, thus decentralised and transparent platform. By so doing, each business or transaction been carried out are recorded on the ledger of the blocks. This enables clients to have direct and easy access to their pool and their prizes.
- Communication: In the absence of a communication system between the platform and its user, it is said that the platform has an incomplete and unfriendly web tool, since there is a subtle possibility that the user loses the expansion of the platform and the interested information. Therefore, the PSK platform provides a communication tool that allows users to communicate with each other and also express and vote on a strategic decision.
- Analysis: It give users vital information on different for them to make important decisions.
- Private: All user data on the platform are encrypted and stored on the blockchain technology, it is highly secured.
Token Details
Token name: pool of stake (PSK)
Type: ERC-20
Total supply: €70million
Hard cap: €8million euro
Soft cap: €2million euro
For more info about Pool of Stake, kindly click any of the links below”:
Website: https://www.poolofstake.io/
WhitePaper: https://www.poolofstake.io/#whitepaper
Likedin: https://www.linkedin.com/company/pool-of-stake/
Bitcointalk: https://bitcointalk.org/index.php?topic=3283742.0
Medium: https://medium.com/@poolofstake
Telegram: https://telegram.me/poolofstake
Twitter: https://twitter.com/poolofstake
Facebook: https://www.facebook.com/poolofstake
Youtube: https://www.youtube.com/channel/UCenEbx5MwCF7kjTAWU-jv_g?
Github: https://github.com/poolofstake/PSK
Writer: Phlaser
BitcoinTalk URL: URL: https://bitcointalk.org/index.php?action=profile;u=1236826