RATE Group | Bitcoin Price to Crash to Sub $1,000, Says ZenGo CEO, Sharing His Sarcastic Predictions …
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Bitcoin Price to Crash to Sub $1,000, Says ZenGo CEO, Sharing His Sarcastic Predictions …

01 Jan Bitcoin Price to Crash to Sub $1,000, Says ZenGo CEO, Sharing His Sarcastic Predictions …

Posted at 17:46h in Bitcoin News by

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Every blockchain has its own consensus, ranging from its operating rules to validating transactions. The first blockchains (Bitcoin and Ethereum) utilized a Proof-of-Work (PoW) consensus, in which every participant’s contribution depended on his/her mining gear. 




This scheme requires a lot of electricity and is subject to centralization because of the costs to run and maintain such powerful mining equipment. As a result, the majority of modern blockchains (starting with BitShares) are built around the Proof-of-Stake (PoS) consensus. 


With this consensus, an individual needs nothing more from validating coin transactions. It’s from this consensus that the act of staking comes into play.


Staking Coins: Definition


In a nutshell, staking coins refers to the act of locking them up to verify transactions for cryptocurrencies with Proof-of-Stake consensus mechanisms. Stakers can earn rewards for providing such a service.


What is Staking Coins?


To stake your…

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