Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: JadaStonk on June 16, 2021, 05:45:34 PM
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Want to turn your goals into action with this innovative digital market? Of course you do, who wouldn't? These other sectors said that the digital currency space is flourishing, and these other digital currency groups seem to be the largest exchange of their kind to go public.
According to recent reports, the management teams in these other sectors are managed by experienced veterans with blockchain and financial market skills, ensuring transparency and top-quality governance. As a result, on a cost basis, they are producing revenues of around 13 percent average annualized simple yield and almost 50 percent average yearly compounded yield.
One of the most significant advantages of these other digital mining industries is that they are less harmful to the environment than new digital currency mining. Within the next 3 years, almost all digital currencies are expected to rely on PoS technology utilized by these other industries.
The bottom-line? These other digital currency space technologies offer dramatically better economics than traditional mining. There’s a reason why around 25 of the top 100 digital currencies, with a combined market value of more than $175 billion, employ their technology to safeguard their networks.
What are your thoughts? Do you think this could be our future?
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the post is baseless. there is no reference and it is difficult to point out whom the post is been referred to. digital currencies has been accepted by some government financial bodies. there is high hope that many public sectors will join. the recent announcement of el-salvador accepting bitcoin as a legal tender shows how far crypto has grown.
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Currently POS is considered the best solution to replace POW and Ethereum is also looking for a way to switch from POW to POS with ETH2.0. Some other blockchains like ADA or BSC use POS effectively, but their limitation is decentralization when there are only about 21 nodes instead of thousands of nodes in Bitcoin & Ethereum network.
I hope Ethereum will have the best solution to maintain this advantage of blockchain with the adoption of POS. At least compared to POW, POS consumes less power and is more environmentally friendly, not requiring powerful mining hardware. The career of gamers will be safe ^^
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Want to turn your goals into action with this innovative digital market? Of course you do, who wouldn't? These other sectors said that the digital currency space is flourishing, and these other digital currency groups seem to be the largest exchange of their kind to go public.
According to recent reports, the management teams in these other sectors are managed by experienced veterans with blockchain and financial market skills, ensuring transparency and top-quality governance. As a result, on a cost basis, they are producing revenues of around 13 percent average annualized simple yield and almost 50 percent average yearly compounded yield.
One of the most significant advantages of these other digital mining industries is that they are less harmful to the environment than new digital currency mining. Within the next 3 years, almost all digital currencies are expected to rely on PoS technology utilized by these other industries.
The bottom-line? These other digital currency space technologies offer dramatically better economics than traditional mining. There’s a reason why around 25 of the top 100 digital currencies, with a combined market value of more than $175 billion, employ their technology to safeguard their networks.
What are your thoughts? Do you think this could be our future?
Mate, I hope you don't mind if you put some necessary information about the topic that you started about what it is and to whom it was addressed because it seems like just an index, Are you referring to the crypto Industry or mining or exchange what else? I don't understand your point honestly speaking.
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Though I find the grammar acceptable, the idea of this post is driving me crazy. In other words, this is talking non-sense except for the PoS thing, which we know is more environmentally friendly compared to PoW. Anyway, I am hoping that the poster has not just copied this somewhere then dumped it here. Maybe next time we should try to put more clarity and quality to what we are sharing in the forum.
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Though I find the grammar acceptable, the idea of this post is driving me crazy. In other words, this is talking non-sense except for the PoS thing, which we know is more environmentally friendly compared to PoW. Anyway, I am hoping that the poster has not just copied this somewhere then dumped it here. Maybe next time we should try to put more clarity and quality to what we are sharing in the forum.
It looks like states will soon try to restrict the mining of cryptocurrencies that use the energy-consuming PoW algorithm. They will do it with pleasure, hiding behind the need to combat negative climate change. As a matter of fact, it will be rather difficult to object to them, since humanity has approached a very dangerous line, when by our vigorous activity we can already destroy ourselves.
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Though I find the grammar acceptable, the idea of this post is driving me crazy. In other words, this is talking non-sense except for the PoS thing, which we know is more environmentally friendly compared to PoW. Anyway, I am hoping that the poster has not just copied this somewhere then dumped it here. Maybe next time we should try to put more clarity and quality to what we are sharing in the forum.
It looks like states will soon try to restrict the mining of cryptocurrencies that use the energy-consuming PoW algorithm. They will do it with pleasure, hiding behind the need to combat negative climate change. As a matter of fact, it will be rather difficult to object to them, since humanity has approached a very dangerous line, when by our vigorous activity we can already destroy ourselves.
People especially those in power who have hidden agenda can certainly use any reason they can find for their decisions or course of actions. As far as PoS is concerned, this has been the challenge primarily with Bitcoin which utilized vast amount of power for its mining purposes though there is now a trend towards using greener and renewable source of energy - that project in El Salvador using geothermal sourced electricity is on the right direction let's hope they can expand their business there.