JUST IN : In a groundbreaking move to foster a more decentralized and inclusive #Bitcoin mining ecosystem, Block CEO Jack Dorsey has backed the OCEAN initiative with a $6.2 million investment.
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🔅A support level is the price at which an asset may find difficulty falling below as traders look to buy around that level.
🔅Usually, the markets prove unwilling to let an asset drop below its support level, with buyers stepping in to raise the asset’s price higher again.
🔅That makes them the opposite of resistance levels: the point at which the markets prove unwilling to let an asset’s price rise any higher.
🔅If an asset does move below its support level, then that support level is either wiped out – and a new support level must be identified – or reconfirmed, if lots of traders buy the asset.
A staking pool allows multiple stakeholders (or bagholders) to combine their computational resources as a way to increase their chances of being rewarded.
In other words, they unite their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the block rewards.
The overall idea of the staking pool model is quite similar to the traditional mining pool, which involves the pooling of hash rate