Dear cryptocurrency world, we have all heard that Ethereum will soon pass from the mining (PoW) to the Proof of Stake (PoS) working method. So, in this article, I would like to examine the POOL OF STAKE ICO PROJECT, which was developed for you by predicting that the Proof of Stake working method is the future of the blockchain.
What is Pool of Stake?
Pool of Stake is a decentralized blockchain infrastructure for Proof of Stake (PoS). Qtum, Stratis, Universa and other PoS cryptocurrencies’ holders can join the Pool of Stake Pool and start mining 2.0. The Pool of Stake is a totally decentralized, self-governing and completely reliable pool. This is made possible by the strong use of smart contracts and globally distributed nodes.
Pool of Stake makes Mining 2.0 safer and more profitable for individual PoS cryptocurrency holders. PSK's main objective is to increase the profits of small miners who come together in the pool. Two tokens are used for this purpose.
First, it is an ERC-20 PSK token and the second is the IOU token. The IOU token ensures that the PSK members are always at their own control of the cryptocurrency in the pool. The PSK platform will provide an analysis tool over the smart i.o. It will enable members to track, control and optimize their investments in a completely reliable way.
Evolving from PoW (Proof of Work) to PoS (Proof of Stake) Process:
PoW is not ecologically sustainable and poses a number of problems related to decentralized construction. In the PoW, for example, in the first-generation cryptocurrencies such as Bitcoin, the blockchain network is organized using computational power to solve mathematical puzzles, and transactions are accordingly approved. Due to the significant growth rate of the network over time, Bitcoin's PoW algorithm is a known fact that faces fundamental problems. With the current block size, Bitcoin has a maximum processing capacity of 7 operations per second, the highest transaction costs are around $ 50 and the annual energy consumption is 42 TWh (the same amount as in New Zealand).
These facts indicate that Bitcoin, the first generation digital cryptocurrency network, has some limitations related to scalability and efficiency, which in turn leads to deviations from the basic philosophy of blockchain. While this is the case in 2012, the community has taken a step forward in the future by inventing a new algorithm with a new consensus: Proof of Stake (PoS). In 2018/2019, Ethereum is planning to switch from PoW to PoS. In this context, PoS is the future of BlockChain. Pool of Stake Project seems to be a candidate for combining the cryptocurrencies within the PoS and achieving the greatest possible profit in Mining 2.0.
Pool of Stake (PSK) is a decentralized pool platform based on blockchain technology. Thus, PoS will be a good opportunity for cryptocurrency holders to launch Mining 2.0 and win a stake-reward.
Pool of Stake Project Benefits:
• The system is absolutely safe and supported by popular investors.
• The system management mechanism will be transparent.
• The system covers a simple and understandable process of how to handle transactions even for beginners and how to get cryptocurrency exchange market cash bonuses.
• The project will act in connection with various exchange markets. Issues related to legal procedures will become clearer over time.
• Users will be able to make their own selections if they are not satisfied with the voting results in the pool. Users can transfer their tokens to their PoS wallet to establish direct contact with the system. But in such a case, only daily prizes will be available.
What Is The System's Token And How Can It Be Purchased?
The project token is the PSK, which is in the ERC 20 standard. During the withdrawal of premiums, the transaction fee will decrease in the payments made with PSK. The IOU is a certificate that allows you to transfer your own tokens.
The PSK token can be purchased in two ways:
• During ICO sales
• Through the cryptocurrencies exchange
The project team will not have the chance to touch or attract investors' personal tokens. Adding and removing tokens to the pool will be done by the user.
PSK Features
All users of the system will have their own PoS coins. PoS blockchains will have different voting processes. PSK will be the most important condition for each voting process. At this point, users will be able to vote for different PoS blockchains using the same mechanism.
As a rule, for voting, the user must have a set of tokens. PSK participants will have the right to use the PSK search mechanism as their cryptocurrency is directed to the pool. In other words, the PSK management model will facilitate simultaneous voting and participation in the pool.
With a smart algorithm, one person can direct each participant of the system. Thus, it will be possible to provide a high level of privacy that gives an idea of the quality of investments.
After the purchase is made, the cryptocurrency will be transferred to PSK. The stakes will be automatically calculated according to the amount of PSK held by the system every night.
Token and ICO Information
The project token is the PSK token of the ERC 20 standard. If the transaction fees on the platform are paid with PSK, they will be discounted. Those who have the PSK token will be regularly staked by the PoS system.
The Pool of Stake Project will accept €, CHF, and ETH money in token sales in accordance with Swiss regulations. If the token amount received on individual token sales is equal to or greater than CHF 50,000, the KYC process will be mandatory. The Pool of Stake has provided 750,000 € pre-financing through private investors.
The ICO Sales of the Project will continue until September 30, 2018. Soft Cap target is 2 million Euros while Hard Cap target is 8 million Euros. At present, Soft Cap has been reached and sales of tokens of 2.58 million Euros have been realized.
The total token amount will be 70 million PSK. You can participate in the sales of the token of the project through this link https://www.poolofstake.io/crowdsale/?currency=ETH
Team Members
This is not an investment recommendation. It is a review made from the sources related to the platform/project.
For more information on the ICO project, you can review the following links:
Website: https://www.poolofstake.io
Whitepaper: https://www.poolofstake.io/wp-content/uploads/2017/12/PoolofStake-whitepaper_ENG_V11.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3283742.0
Telegram: https://telegram.me/poolofstake
Facebook: https://www.facebook.com/poolofstake
Youtube: https://www.youtube.com/channel/UCenEbx5MwCF7kjTAWU-jv_g?
Medium: https://medium.com/@poolofstake
Twitter: https://twitter.com/poolofstake
LinkedIn: https://www.linkedin.com/company/pool-of-stake
Github: https://github.com/poolofstake/PSK
Author:
BTT: icoview
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2127482
MEW: 0xa06D23C1Cd375947319f504cFC67D6A5bff050A8