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📈 $ZEN /USDT Market Update
💰 Price: $15.06 (+4.08% change)
🚀 24h High/Low: $16.88 / $14.35
📊 24h Volume: 1.78M ZEN ($27.86M USDT)
🔹 Resistance Levels: $15.16 → $15.32 → $15.48 → $15.64 → $16.88
🔻 Support Levels: $15.00 → $14.88 → $14.84 → $14.35
📊 Market Outlook: ZEN is showing bullish momentum in the POW sector. If it stays above $15.06, it could target $15.32 and higher towards $15.64. A drop below $15.00 may lead to a retest of $14.88 or lower. Monitor RSI and MACD for trend confirmation.
#ZENUSDT #Crypto #POW #MarketAnalysis
💰 Price: $15.06 (+4.08% change)
🚀 24h High/Low: $16.88 / $14.35
📊 24h Volume: 1.78M ZEN ($27.86M USDT)
🔹 Resistance Levels: $15.16 → $15.32 → $15.48 → $15.64 → $16.88
🔻 Support Levels: $15.00 → $14.88 → $14.84 → $14.35
📊 Market Outlook: ZEN is showing bullish momentum in the POW sector. If it stays above $15.06, it could target $15.32 and higher towards $15.64. A drop below $15.00 may lead to a retest of $14.88 or lower. Monitor RSI and MACD for trend confirmation.
#ZENUSDT #Crypto #POW #MarketAnalysis
📊 $LTC /USDT Update
💰 $131.79 (+3.58%)
📈 24h High/Low: $135.00 / $124.31
📊 24h Volume: 1.35M LTC ($176.97M USDT)
🔹 Next Resistance: $131.95 → $132.68 → $135.00
🔻 Next Support: $131.22 → $130.49 → $129.03 → $124.31
📉 Momentum: Bullish. A push past $132.68 could lead to $135.00, while dropping below $130.49 may bring a retest of $124.31.
#LTC #crypto #POW
💰 $131.79 (+3.58%)
📈 24h High/Low: $135.00 / $124.31
📊 24h Volume: 1.35M LTC ($176.97M USDT)
🔹 Next Resistance: $131.95 → $132.68 → $135.00
🔻 Next Support: $131.22 → $130.49 → $129.03 → $124.31
📉 Momentum: Bullish. A push past $132.68 could lead to $135.00, while dropping below $130.49 may bring a retest of $124.31.
#LTC #crypto #POW
📊 $ZEN /USDT Update
💰 $15.55 (+2.64%)
📈 24h High/Low: $15.95 / $14.32
📊 24h Volume: 1.29M ZEN ($19.57M USDT)
🔹 Next Resistance: $15.68 → $15.83 → $15.95
🔻 Next Support: $15.38 → $15.26 → $14.32
📉 Momentum: Mildly Bullish. Breaking $15.68 could lead to a test of $15.95, while losing $15.26 may shift the trend downward.
#ZEN #crypto #POW
💰 $15.55 (+2.64%)
📈 24h High/Low: $15.95 / $14.32
📊 24h Volume: 1.29M ZEN ($19.57M USDT)
🔹 Next Resistance: $15.68 → $15.83 → $15.95
🔻 Next Support: $15.38 → $15.26 → $14.32
📉 Momentum: Mildly Bullish. Breaking $15.68 could lead to a test of $15.95, while losing $15.26 may shift the trend downward.
#ZEN #crypto #POW
Trump pledges support for Bitcoin mining in America: "It's the last line of defense against CBDC"
The presidential candidate met with mining company executives and wrote that thanks to them, the US can maintain "energy dominance"; Mining company stocks surged following the statement.
Donald Trump, the leading presidential candidate for the Republican Party, expressed strong support for the American Bitcoin mining industry. In a post he shared on the social network Truth Social, which he owns, Trump argued that increasing local mining "may be our last line of defense against the central bank digital currency (CBDC)."
"Biden's hatred for Bitcoin only helps China, Russia, and the extreme communist left," Trump wrote. "We want all remaining Bitcoin to be mined in the United States! This will help us become dominant energy-wise."
The statement follows a meeting Trump held on Tuesday with executives from American Bitcoin mining companies CleanSpark and Riot Platforms, whose stocks are traded on NASDAQ. According to Bloomberg's report, Trump told participants that he "loves and understands digital currencies" and pledged to act on their behalf in the White House if elected. Following the meeting and Trump's statements, CleanSpark's stock (CLSK symbol) surged over 8%, while Riot Platforms' stock (RIOT symbol) climbed about 6% at the close of trading.
David Bailey, CEO of Bitcoin Magazine, who attended the meeting, tweeted on his X account (formerly Twitter) that this was a "historic moment in our journey towards hyperbitcoinization." According to him, "the former and future president of the United States gathered the computing power dedicated to Bitcoin mining (hashrate) of America and committed to advancing our goal in Washington and globally. Bitcoin will flourish during the orange man's era and the orange currency."
This marks a shift in Trump's approach, as during his previous tenure as president, he expressed skepticism towards Bitcoin and digital currencies. It seems that towards the 2024 election cycle, he aims to position himself as a defender of the crypto industry and to differentiate himself from the current Democratic administration perceived as less friendly to the industry.
The tribute to miners joins other recent steps taken by Trump in the field, including a commitment to protect the right to self-custody of digital currencies, willingness to accept campaign donations in crypto, and issuing his own NFT collection.
While most bitcoins – about 19 out of 21 million coins – have already been mined, and the US already leads with a share of 35% to 40% of the global mining, Trump's statement of support is a significant political tailwind for the industry.
Now it remains to be seen whether these words will translate into policies that benefit Bitcoin miners in particular and the local crypto market in general. Nevertheless, it seems that the issue is expected to become another battleground between Republicans and Democrats in the race for the White House.
#Trump #cbdc #bitcoin #bitcoinnews #pow
Donald Trump, the leading presidential candidate for the Republican Party, expressed strong support for the American Bitcoin mining industry. In a post he shared on the social network Truth Social, which he owns, Trump argued that increasing local mining "may be our last line of defense against the central bank digital currency (CBDC)."
"Biden's hatred for Bitcoin only helps China, Russia, and the extreme communist left," Trump wrote. "We want all remaining Bitcoin to be mined in the United States! This will help us become dominant energy-wise."
The statement follows a meeting Trump held on Tuesday with executives from American Bitcoin mining companies CleanSpark and Riot Platforms, whose stocks are traded on NASDAQ. According to Bloomberg's report, Trump told participants that he "loves and understands digital currencies" and pledged to act on their behalf in the White House if elected. Following the meeting and Trump's statements, CleanSpark's stock (CLSK symbol) surged over 8%, while Riot Platforms' stock (RIOT symbol) climbed about 6% at the close of trading.
David Bailey, CEO of Bitcoin Magazine, who attended the meeting, tweeted on his X account (formerly Twitter) that this was a "historic moment in our journey towards hyperbitcoinization." According to him, "the former and future president of the United States gathered the computing power dedicated to Bitcoin mining (hashrate) of America and committed to advancing our goal in Washington and globally. Bitcoin will flourish during the orange man's era and the orange currency."
This marks a shift in Trump's approach, as during his previous tenure as president, he expressed skepticism towards Bitcoin and digital currencies. It seems that towards the 2024 election cycle, he aims to position himself as a defender of the crypto industry and to differentiate himself from the current Democratic administration perceived as less friendly to the industry.
The tribute to miners joins other recent steps taken by Trump in the field, including a commitment to protect the right to self-custody of digital currencies, willingness to accept campaign donations in crypto, and issuing his own NFT collection.
While most bitcoins – about 19 out of 21 million coins – have already been mined, and the US already leads with a share of 35% to 40% of the global mining, Trump's statement of support is a significant political tailwind for the industry.
Now it remains to be seen whether these words will translate into policies that benefit Bitcoin miners in particular and the local crypto market in general. Nevertheless, it seems that the issue is expected to become another battleground between Republicans and Democrats in the race for the White House.
#Trump #cbdc #bitcoin #bitcoinnews #pow
#Blockchain technology rests on several core principles:
Decentralization: This is arguably the most crucial principle. Instead of relying on a central authority (like a bank or government) to manage and verify transactions, a blockchain distributes this responsibility across a vast network of computers (nodes).
Immutability: Once a transaction is recorded on the blockchain and added to a "block," it's virtually impossible to alter or delete it. Each block is cryptographically linked to the previous one, creating a chain of blocks. Changing one block would require altering all subsequent blocks, which is computationally infeasible due to the network's size and cryptographic security.
Transparency (with Pseudonymity): All transactions are recorded on the public ledger, making the blockchain transparent.
Security through Cryptography: Cryptographic techniques secure the blockchain in several ways:
Hashing: Each block is assigned a unique cryptographic hash – a digital fingerprint. Any change to the block's data alters its hash, instantly revealing tampering attempts.
Digital Signatures: These ensure the authenticity of transactions.
Consensus Mechanisms: These are algorithms that ensure agreement among nodes on the valid state of the blockchain. Popular consensus mechanisms include Proof-of-Work (#POW ) and Proof-of-Stake (#Pos $BTC ).
Distributed Ledger: The blockchain is a shared, distributed ledger replicated across numerous nodes. This redundancy ensures data availability and prevents a single point of failure. If one node fails, the others continue to maintain the blockchain's integrity.
In short #blockchain combines these principles to create a secure, transparent, and decentralized system for recording and verifying transactions, suitable for managing various types of data beyond just cryptocurrencies. It's important to remember that different blockchain implementations may emphasize certain principles more than others.
Decentralization: This is arguably the most crucial principle. Instead of relying on a central authority (like a bank or government) to manage and verify transactions, a blockchain distributes this responsibility across a vast network of computers (nodes).
Immutability: Once a transaction is recorded on the blockchain and added to a "block," it's virtually impossible to alter or delete it. Each block is cryptographically linked to the previous one, creating a chain of blocks. Changing one block would require altering all subsequent blocks, which is computationally infeasible due to the network's size and cryptographic security.
Transparency (with Pseudonymity): All transactions are recorded on the public ledger, making the blockchain transparent.
Security through Cryptography: Cryptographic techniques secure the blockchain in several ways:
Hashing: Each block is assigned a unique cryptographic hash – a digital fingerprint. Any change to the block's data alters its hash, instantly revealing tampering attempts.
Digital Signatures: These ensure the authenticity of transactions.
Consensus Mechanisms: These are algorithms that ensure agreement among nodes on the valid state of the blockchain. Popular consensus mechanisms include Proof-of-Work (#POW ) and Proof-of-Stake (#Pos $BTC ).
Distributed Ledger: The blockchain is a shared, distributed ledger replicated across numerous nodes. This redundancy ensures data availability and prevents a single point of failure. If one node fails, the others continue to maintain the blockchain's integrity.
In short #blockchain combines these principles to create a secure, transparent, and decentralized system for recording and verifying transactions, suitable for managing various types of data beyond just cryptocurrencies. It's important to remember that different blockchain implementations may emphasize certain principles more than others.
My Assets Distribution
BTC
ETH
Others
55.24%
19.19%
25.57%
See original
$ZEN $BTC $SOL
Before the last bull market halving, zen's cumulative increase doubled, started to rise on the day of the halving, and reached a cumulative increase of 30 times at the high point after the halving. The cumulative increase from the bear market low to the bull market high reached 60 times.
The current price needs to rise 15 times to return to the previous high. Will this bull market break through all-time highs?
Will the market start in ten months? Or earlier?
So there is probably a torment period of up to ten months. If you can endure the loneliness, you can keep the flowers blooming.
#pow #灰度基金 #观察 #本周重上涨幅板 #模块化区块链
Before the last bull market halving, zen's cumulative increase doubled, started to rise on the day of the halving, and reached a cumulative increase of 30 times at the high point after the halving. The cumulative increase from the bear market low to the bull market high reached 60 times.
The current price needs to rise 15 times to return to the previous high. Will this bull market break through all-time highs?
Will the market start in ten months? Or earlier?
So there is probably a torment period of up to ten months. If you can endure the loneliness, you can keep the flowers blooming.
#pow #灰度基金 #观察 #本周重上涨幅板 #模块化区块链
🚀 $LTC /USDT Market Update: Litecoin is Lighting Up the Crypto Market! 🔥
💰 Current Price: $115.43 (+4.01%)
🔧 Proof of Work (PoW): The original silver to Bitcoin's gold.
📊 Key Trading Data:
24H High: $116.17
24H Low: $110.58
24H Volume: 375,261.83 LTC
USDT Volume: $42.29M traded!
⏱️ Timeframes to Watch:
Quick reactions: 15m, 1h
Strategic moves: 4h, 1D
💥 Depth Insights:
Resistance: $116.45
Support: $110.43
LTC is on the move—watch for breakout plays!
📈 RSI (6): 58.48 – signaling a healthy upward trend.
🌟 Why LTC?
1️⃣ A trusted PoW network with fast transactions and low fees.
2️⃣ Strong performance, with consistent trading volume.
3️⃣ An established cryptocurrency that continues to grow in adoption.
🚀 Get in on the action—Trade LTC now!
#Litecoin #PoW #CryptoGains #TradeLTC
💰 Current Price: $115.43 (+4.01%)
🔧 Proof of Work (PoW): The original silver to Bitcoin's gold.
📊 Key Trading Data:
24H High: $116.17
24H Low: $110.58
24H Volume: 375,261.83 LTC
USDT Volume: $42.29M traded!
⏱️ Timeframes to Watch:
Quick reactions: 15m, 1h
Strategic moves: 4h, 1D
💥 Depth Insights:
Resistance: $116.45
Support: $110.43
LTC is on the move—watch for breakout plays!
📈 RSI (6): 58.48 – signaling a healthy upward trend.
🌟 Why LTC?
1️⃣ A trusted PoW network with fast transactions and low fees.
2️⃣ Strong performance, with consistent trading volume.
3️⃣ An established cryptocurrency that continues to grow in adoption.
🚀 Get in on the action—Trade LTC now!
#Litecoin #PoW #CryptoGains #TradeLTC
🚀 $XVG /USDT on the Rise! 🚀
The market is buzzing with excitement as $XVG (Verge) surges by +27.48% to hit a price of $0.013095! 🌟 After a 24-hour low of $0.010269, this crypto gem is gaining serious momentum, with a 24-hour high of $0.014782! 🔥
With an impressive 5.51B XVG traded and 69.91M USDT in volume, the market is showing strong support for Verge. This POW (Proof of Work) coin is definitely one to watch, as its rally continues to heat up! 📈
🔍 Why is XVG Gaining?
1. XVG's recent surge highlights strong buying pressure and market confidence.
2. Verge's low price point combined with significant volume has caught the attention of many traders.
3. As a POW coin, XVG stands out in the market, attracting both long-term holders and short-term traders.
📊 Market Depth:
Highest bid: $0.014946
Lowest ask: $0.011347
With the price now above $0.013, there’s potential for XVG to push towards new highs. The market depth is showing healthy support, and this momentum could continue to build. 🚀
💥 Is XVG the Next Big Winner?
With its recent breakout and high trading volume, XVG could be gearing up for an even bigger move. If you're looking to add a promising POW altcoin to your portfolio, keep a close eye on XVG—this could be just the beginning of an exciting rally!
💡 Pro Tip: Watch the volume and price action closely as we head into the next 24 hours. If XVG breaks through the $0.014782 resistance, expect more upward movement!
#XVG #CryptoGains #BinanceTrending #POW #AltcoinSeason $XVG
The market is buzzing with excitement as $XVG (Verge) surges by +27.48% to hit a price of $0.013095! 🌟 After a 24-hour low of $0.010269, this crypto gem is gaining serious momentum, with a 24-hour high of $0.014782! 🔥
With an impressive 5.51B XVG traded and 69.91M USDT in volume, the market is showing strong support for Verge. This POW (Proof of Work) coin is definitely one to watch, as its rally continues to heat up! 📈
🔍 Why is XVG Gaining?
1. XVG's recent surge highlights strong buying pressure and market confidence.
2. Verge's low price point combined with significant volume has caught the attention of many traders.
3. As a POW coin, XVG stands out in the market, attracting both long-term holders and short-term traders.
📊 Market Depth:
Highest bid: $0.014946
Lowest ask: $0.011347
With the price now above $0.013, there’s potential for XVG to push towards new highs. The market depth is showing healthy support, and this momentum could continue to build. 🚀
💥 Is XVG the Next Big Winner?
With its recent breakout and high trading volume, XVG could be gearing up for an even bigger move. If you're looking to add a promising POW altcoin to your portfolio, keep a close eye on XVG—this could be just the beginning of an exciting rally!
💡 Pro Tip: Watch the volume and price action closely as we head into the next 24 hours. If XVG breaks through the $0.014782 resistance, expect more upward movement!
#XVG #CryptoGains #BinanceTrending #POW #AltcoinSeason $XVG
See original
Overview of new POW tokens: A victory for miners, communities, and mining machine manufacturers?
Ethereum transferred from POW to POS in September 2022. The miner community is looking for new POW tokens, giving birth to some new POW projects. After more than a year of development, in November 2023, the price of the new POW project Kaspa increased sharply, with a market value of more than 3 billion US dollars, entering the top 30. Driven by Kaspa, the new POW tokens have achieved good gains as a whole. #pow
This report briefly analyzes the reasons for the rise of POW projects, takes stock of new POW projects with a market value of more than 40 million, and current problems.
1. Reasons for the rise of new POW projects
This report briefly analyzes the reasons for the rise of POW projects, takes stock of new POW projects with a market value of more than 40 million, and current problems.
1. Reasons for the rise of new POW projects
I'm $ZEN
Market Update 📊
ZEN is trading at $14.66, up +3.17% over the last 24 hours! 📈
📊 Key Market Levels:
24h High: $15.44
24h Low: $14.02
Resistance Levels: $15.11 – $15.44
Support Levels: $14.52 – $14.02
🔍 Market Insights:
ZEN rebounded from the $14.02 low, showing strong buying interest.
Bulls are trying to push toward the $15.11 resistance zone.
A breakout above $15.44 could target higher levels near $15.69.
⚡ Trading Strategy:
Bullish Scenario: Watch for a breakout above $15.11 to signal momentum toward $15.44 and beyond.
Support Test: Monitor $14.52 as key support and $14.02 as the critical floor for rebounds.
#ZEN #CryptoTrading #Binance #TradingSignals #POW 🚀
Market Update 📊
ZEN is trading at $14.66, up +3.17% over the last 24 hours! 📈
📊 Key Market Levels:
24h High: $15.44
24h Low: $14.02
Resistance Levels: $15.11 – $15.44
Support Levels: $14.52 – $14.02
🔍 Market Insights:
ZEN rebounded from the $14.02 low, showing strong buying interest.
Bulls are trying to push toward the $15.11 resistance zone.
A breakout above $15.44 could target higher levels near $15.69.
⚡ Trading Strategy:
Bullish Scenario: Watch for a breakout above $15.11 to signal momentum toward $15.44 and beyond.
Support Test: Monitor $14.52 as key support and $14.02 as the critical floor for rebounds.
#ZEN #CryptoTrading #Binance #TradingSignals #POW 🚀
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7122201177#xvgSTRUCTURE WITH BEAUTIFUL BREAKING, HARD MOVEMENT MAY COME target 26 8174307347#eth$eth 8174307347218913012123
See original
#pow #2024减产 #模块化区块链 #灰度基金 #热门话题
$zen $BTC $ETH
As the youngest son of Grayscale Fund, zen has encountered a little turmoil this year. With OK’s collective delisting of anonymous coins, zen has not been able to avoid it. And was included in the watch token list by Binance.
In fact, Zen has been committed to de-anonymizing tokens a year or two ago, but the market has cognitive inertia and is still regarded as a representative of anonymous coins. After a recent hard fork upgrade, the project has completely lost its anonymity attribute. And the modular blockchain transformation and launch of "new horizen" plan are underway.
Therefore, apart from the good prices and fear brought about by the bad news, Zen can no longer see other bad factors in the short term. On the contrary, there are good releases in the future: the halving in December, the removal of the observation label, the airdrop plan under discussion, the successful transformation of the model... Each implementation can bring about a doubling of the price, and in December The benefits of halving are the greatest and most certain. After the halving day of the last bull market started, the overall increase in the bull market was 30 times, and the increase from the lowest point was 60 times.
So what will it be this round?
$zen $BTC $ETH
As the youngest son of Grayscale Fund, zen has encountered a little turmoil this year. With OK’s collective delisting of anonymous coins, zen has not been able to avoid it. And was included in the watch token list by Binance.
In fact, Zen has been committed to de-anonymizing tokens a year or two ago, but the market has cognitive inertia and is still regarded as a representative of anonymous coins. After a recent hard fork upgrade, the project has completely lost its anonymity attribute. And the modular blockchain transformation and launch of "new horizen" plan are underway.
Therefore, apart from the good prices and fear brought about by the bad news, Zen can no longer see other bad factors in the short term. On the contrary, there are good releases in the future: the halving in December, the removal of the observation label, the airdrop plan under discussion, the successful transformation of the model... Each implementation can bring about a doubling of the price, and in December The benefits of halving are the greatest and most certain. After the halving day of the last bull market started, the overall increase in the bull market was 30 times, and the increase from the lowest point was 60 times.
So what will it be this round?
See original
$ZEN $BTC $ETH
It may not necessarily be early, but this bull market will definitely have the hype of the grayscale concept and the halving hype. The probability of the market starting before the end of the year is greater. If it is earlier, the necessary reasons for explosive power will not be enough. Lowering your expectations and choosing opportunities to buy low is the way to go.
#热门话题 #BTC #灰度 #pow
It may not necessarily be early, but this bull market will definitely have the hype of the grayscale concept and the halving hype. The probability of the market starting before the end of the year is greater. If it is earlier, the necessary reasons for explosive power will not be enough. Lowering your expectations and choosing opportunities to buy low is the way to go.
#热门话题 #BTC #灰度 #pow
$XVG
Price Surge on Binance!
🌟 Current Price: $0.015882 (+20.64%)
💥 24h High: $0.018800 | 24h Low: $0.012835
💸 24h Trading Volume (XVG): 8.45B
💰 24h Trading Volume (USDT): 138.01M
🔍 Market Depth:
Buyers: 0.019196
Sellers: 0.010500
XVG is gaining momentum with a strong 20.64% rise! 📈 As a Proof-of-Work (PoW) token, it's perfect for those looking to explore opportunities in the crypto market.
🔥 PoW Token
📅 Timeframe: 15m | 1h | 4h | 1D
Trade Smart, Trade Binance!
#Binance #XVG #Crypto #PoW #Altcoins
Price Surge on Binance!
🌟 Current Price: $0.015882 (+20.64%)
💥 24h High: $0.018800 | 24h Low: $0.012835
💸 24h Trading Volume (XVG): 8.45B
💰 24h Trading Volume (USDT): 138.01M
🔍 Market Depth:
Buyers: 0.019196
Sellers: 0.010500
XVG is gaining momentum with a strong 20.64% rise! 📈 As a Proof-of-Work (PoW) token, it's perfect for those looking to explore opportunities in the crypto market.
🔥 PoW Token
📅 Timeframe: 15m | 1h | 4h | 1D
Trade Smart, Trade Binance!
#Binance #XVG #Crypto #PoW #Altcoins
The $BTC /USDT pair is trading at 105,000.60 USDT, up 2.78% in the last 24 hours. The 24-hour high was 107,240.81 USDT, and the low was 102,001.00 USDT, with 24-hour volumes of 36,337.73 BTC and 3.81B USDT. The moving averages indicate a bullish momentum, with the 7-period MA at 105,148.34, the 25-period MA at 105,510.54, and the 99-period MA at 105,129.00.
BTC/USDT Bullish Trade Setup
Price is sustaining above the key support of 105,000 USDT.
A break above 105,510 USDT could confirm continued upward momentum.
Consider short-term profit-taking at the following targets.
Targets:
Target 1: 106,000
Target 2: 107,000
Target 3: 108,000
#cryptosignals #BTC #POW #BinanceAlphaAlert
BTC/USDT Bullish Trade Setup
Price is sustaining above the key support of 105,000 USDT.
A break above 105,510 USDT could confirm continued upward momentum.
Consider short-term profit-taking at the following targets.
Targets:
Target 1: 106,000
Target 2: 107,000
Target 3: 108,000
#cryptosignals #BTC #POW #BinanceAlphaAlert
See original
[One web3 concept every day] Quickly understand POS
The flaw of POW is that everyone consumes a lot of energy, so it has been criticized by many people. If you want to achieve universal trust (a coined word, universal trust), there are also some other algorithms that can achieve it. One of them is POS.
POS (Proof of Stake), also called proof of equity. What are rights and interests? It is the assets owned by users in the blockchain system. So what is proof of stake? It is easy to understand by taking an example from "Fengshen". Nodes pledge their rights and interests to the chain as "protons" and become "verifiers". When a block is to be produced, the system will randomly select a verifier to package the transaction. If this verifier is a "traitor" and has malicious behavior , then the system will confiscate his "protons" as punishment.
Although the mechanism is different from that of POW, the principles are the same. They all assume that there are traitors in the blockchain system, and that traitors will pay huge costs for doing evil. POW chooses to let participants answer questions, which requires a lot of computing resources and is extremely costly to control the network. POS, on the other hand, chooses to let all participants take hostages. If the traitor does evil, then his hostages will be killed.
In many PoS systems, a participant's chance of becoming a validator is directly proportional to the "stake" he holds. This means that validators who stake more assets have a higher chance of being selected as the creator of the next block. At the same time, validators are rewarded for their verification work, perhaps in the form of newly issued currency or network transaction fees.
Finally, in some POS mechanisms, the rights and interests are not only tokens, but also the time of holding the currency, reputation, points, etc., which can be counted as rights and interests. Therefore, broadly speaking, POS does not necessarily require pledging tokens.
#pos #pow #MAV
The flaw of POW is that everyone consumes a lot of energy, so it has been criticized by many people. If you want to achieve universal trust (a coined word, universal trust), there are also some other algorithms that can achieve it. One of them is POS.
POS (Proof of Stake), also called proof of equity. What are rights and interests? It is the assets owned by users in the blockchain system. So what is proof of stake? It is easy to understand by taking an example from "Fengshen". Nodes pledge their rights and interests to the chain as "protons" and become "verifiers". When a block is to be produced, the system will randomly select a verifier to package the transaction. If this verifier is a "traitor" and has malicious behavior , then the system will confiscate his "protons" as punishment.
Although the mechanism is different from that of POW, the principles are the same. They all assume that there are traitors in the blockchain system, and that traitors will pay huge costs for doing evil. POW chooses to let participants answer questions, which requires a lot of computing resources and is extremely costly to control the network. POS, on the other hand, chooses to let all participants take hostages. If the traitor does evil, then his hostages will be killed.
In many PoS systems, a participant's chance of becoming a validator is directly proportional to the "stake" he holds. This means that validators who stake more assets have a higher chance of being selected as the creator of the next block. At the same time, validators are rewarded for their verification work, perhaps in the form of newly issued currency or network transaction fees.
Finally, in some POS mechanisms, the rights and interests are not only tokens, but also the time of holding the currency, reputation, points, etc., which can be counted as rights and interests. Therefore, broadly speaking, POS does not necessarily require pledging tokens.
#pos #pow #MAV
🛑 $BTC - Price Update on Binance! 🛑
📈 Current Price: $99,987.19 (+2.53%)
📊 24h Low: $47,120.00
💥 24h Volume (USDT): 4.55B
⏰ Timeframe:
15m: $99,987.19
1h: $100,287.18
4h: $100,000.00
1D: $99,987.19
🔎 POW Focus:
BTC is making strong moves with a +2.53% increase in the last 24 hours, maintaining its dominance in the Proof of Work (POW) sector. 🚀💰
Trade the leading cryptocurrency and stay ahead on Binance!
#Write2Earn! #Binance #CryptoUpdate #POW #TradeSmart
📈 Current Price: $99,987.19 (+2.53%)
📊 24h Low: $47,120.00
💥 24h Volume (USDT): 4.55B
⏰ Timeframe:
15m: $99,987.19
1h: $100,287.18
4h: $100,000.00
1D: $99,987.19
🔎 POW Focus:
BTC is making strong moves with a +2.53% increase in the last 24 hours, maintaining its dominance in the Proof of Work (POW) sector. 🚀💰
Trade the leading cryptocurrency and stay ahead on Binance!
#Write2Earn! #Binance #CryptoUpdate #POW #TradeSmart