crypto

crypto

BitcoinPoS will launch Cold Staking – A Safer Way to Generate Passive Income

Bitcoin Proof of Stake, an exciting new Peer-to-Peer Electronic Cash System, is launching one of the safest ways to generate passive income in cryptocurrency, Cold Staking! The company aims to develop a Bitcoin Proof of Stake consensus that will improve the original Proof of Work system.

What is Cold Staking?

Cold Staking is known as the newest method of staking coins without being under threat of attack, and that’s because it mostly uses an offline wallet to keep your coins. At the microeconomic level, it guarantees your money is protected from hackers most of the time, but it also protects the planet by using less energy.

What BitcoinPoS offers?

Bitcoin Proof of Stake – BitcoinPoS entered the cryptocurrency world in the beginning of May 2020. In just a few months, it already conquered the crypto enthusiasts, by focusing on two of the biggest technologies nowadays – Bitcoin Core and Proof of Stake.

With a team of dedicated employees who continuously develops solutions for improved safety, BitcoinPoS aims to migrate Bitcoin to a Proof of Stake consensus. This serves as proof that cryptocurrencies are gradually evolving.

And now they are ready to allow users to delegate the staking to third parties in a more secure way. The version of Cold Staking developed by BitcoinPoS will require two wallets:

  • The first one will hold the funds and receive the rewards, preferably by using a hardware technology, and the wallet does not need to be online all the time;
  • The second one will be the hot-node, which needs to be online 24/7

This will involve a hard fork of the blockchain and will be a mandatory update for all clients. With this feature, hot wallets will serve just to perform the staking operation, improving the safety of your income.

The advantages of Cold Staking

The idea of staking in general was extremely well received by the cryptocurrency community, being a way of generating extra income without using much energy, in opposition to mining.

The fact that you can earn transaction fees by participating in Staking Pools and get rewarded for it increased the popularity of cryptocurrencies. But with great income come great hackers, so the Cold Staking feature became a must in order to improve security and minimize risk.

Now you can safely store your coins in offline hardware wallets or air-gapped software wallets. It was about time for some gold armor!

Conclusion

Cryptocurrency began with the idea of giving people independence, and in just a decade it evolved according to their needs. Little by little, Bitcoin and altcoins are going to get the same power as the actual main currencies, and this process is happening right now. The new Cold Staking feature is proof that history books are still being written.

If you want to keep up with the BitcoinPoS updates, be sure to follow them on social media platforms!

Website: https://www.bitcoinpos.net/

Twitter: https://twitter.com/Bitcoin_PoS_

Blog: https://medium.com/@bitcoin_pos

Facebook: https://www.facebook.com/BitcoinPos-101794411541931

Something’s Big’s Happening: Typerium’s 100 Day Countdown

London – Something exciting is happening at Typerium, the blockchain company that wants to change the lives of creators. On Tuesday morning (GMT), Typerium’s main website (typerium.io) began redirecting to Typerium.com. At the new location, gone are the ethereal blues and futuristic graphics. In their place is a screen split between black and red, with a mysterious counter, ticking down from 100 days.

There’s a play button you can click on to hear an ominous drone, below it, the words “The #SECONDCOMING” in bold and underlined. The clock trickles down, second by second. Below it, another short blurb “When the clock hits zero, it’s time…” and a field where you can enter your email.

It’s all very eerie, leaving everyone wondering: What’s the countdown for?

At this stage, no one knows.

The Telegram, Instagram and Twitter feeds have also been posting about the cryptic countdown, but keeping quiet on the details. Since Typerium has always been known for its big ideas, we can only assume that it’s something huge.

What more could we expect from a company that’s building a multi-pronged platform that aims to revolutionise the creative world? With its intuitive design app, intellectual property protection, coin, marketplace and social media platform, Typerium has always thought on a grand scale.

As for the countdown? All we can do is speculate about what the company has in store for us.

The only way to find out is by waiting. So enter your email address for the notification, mark it on your calendar and set your alarms, because something exciting is happening.

If we got the maths right, then it’s the 29th of August, Thursday morning GMT, when everything will be revealed. Change is coming, but don’t hold your breath for the whole countdown — great things take time, and three months is a little too long to go without oxygen.

The clock is ticking… for the #SECONDCOMING.