A New Cryptocurrency: BitcoinPoS - Bitcoin Proof of Stake

A New Cryptocurrency to Revolutioneze Crypto World: BitcoinPoS - Bitcoin Proof of Stake

While Bitcoin (BTC) is the most popular cryptocurrency on the market, nowadays, it is quite difficult to invest in the coin if you do not have a higher capital status. Mining for Bitcoin is also an expensive venture, as the costs can get very high for hardware, its maintenance and updating. But crypto enthusiasts that missed out when BTC was at a lower price have a new opportunity of investment, Bitcoin Proof of Stake.

BitcoinPoS: A Better Bitcoin

Bitcoin Proof of Stake (BPS) is a new and improved version of the Bitcoin core, as it eliminates the issues faced by its Proof of Work consensus, with the new coin using the more efficient Proof of Stake protocol.

Bitcoin’s Proof of Work is the protocol that manages the issuing of new coins by verifying and approving new transactions. There are, however, some disadvantages when it comes to PoW, as it makes Bitcoin slower in processing times, less scalable, and more prone to centralization.

Bitcoin has many principles that are unique to the crypto world, and by adding Proof of Stake, BPS developers have created a coin which removes the limitations of PoW. Also, if any updates are made to the code of Bitcoin, Bitcoin Proof of Stake will be updated with these new changes.

There are variations of the Proof of Stake models, some more efficient than others. To benefit from the best security and make BPS as resilient as possible to attacks, the developers opted to implement the Mutualized Proof of Stake consensus. MPoS requires a lot of time and money from attackers if they want to breach the network, making it almost impossible for them to do so.

Issuing and Block Reduction

Like Bitcoin, BitcoinPoS can only have a maximum of 21 million BPS. Instead of creating new coins via mining, the BPS network uses staking (holding coins in an active account). In terms of supply management, the BPS protocol reduces the block reward by 25% every 700k blocks, once every 4 years. Bitcoin also has a supply measure that decreases the mining reward, with 50% at the same rate.

What Makes BitcoinPoS Special?

Encourages Decentralization

PoW mining is very competitive, and now it takes a lot of resources for a miner to get the block reward. In contrast, Proof of Stake networks allow users, or validators, to generate new coins by staking a certain amount of coins in an open wallet/account. Staking is considerably less demanding from a computing perspective, meaning users can easily get new BPSs without breaking the bank. Today, only huge mining companies are able to mine Bitcoin, excluding most of the individual crypto enthusiasts that might have wanted to participate. In the BPS network, all users can stake, which means that everyone can join to make the crypto stronger and more decentralized.

Resilience Against 51% Attacks

As a PoW network risks of becoming centralized, there is another security issue that can endanger the entire network. When a person takes control of 51% of the network hashrate, he can do whatever he wants on that blockchain and use all its resources to his own advantage. As BPS is a PoS-based system, the network has added resilience against 51% attacks, as the design of the protocol is based on decentralization, and the attacker would have to spend too much on an attack.

99% Reduction in Power Consumption

The staking process requires significantly less electric energy for producing new coins, consuming 99% less than the mining resources needed to generate a new Bitcoin. 

Friendly to the Environment

Mining Bitcoin is very detrimental to the environment, but as staking Bitcoin PoS requires only a fraction of the energy and resources for mining, it makes BPS greener.

Staking Is Easy and Accessible to Everyone

Many people do not have the funds or the space to buy and house ASIC mining rigs. However, those who own laptops or desktop computers can use it to stake BPS without extra costs.

Bitcoin Proof of Stake (BPS) is the second chance for those that came too late to invest in BTC, as it features the advantages of the world’s number one coin, with the added improvements from its Proof of Stake integration.

Staking on BitcoinPoS - Getting Started   

Staking on Bitcoin Proof of Stake is a simple way of earning passive income. It requires minimal hardware coupled with low electricity costs. Here's how you can start staking BitcoinPoS coins on the blockchain and earn passively. 

  • Download Wallet- The first step is to download the BitcoinPoS wallet for Windows, Linux, and Mac OS X
  • Purchase BitcoinPoS- After downloading the wallet, the next step is to purchase BitcoinPoS from your preferred crypto exchange. BPS has been listed in Coin Tiger,Finexbox and Bilaxy crypto trading platforms.
  • Stake Coins- Staking BPS is quite easy and straightforward. Anyone with a computer and a minimum amount of BPS in his wallet can stake. However, if you don’t want to stake on your own and leave the wallet open to generate the rewards, you can use one of the staking pools, which support BPS: StackofStake or MyCointainer. The team is also working on the cold staking feature that should be released in the nearest future. 

Earn Rewards- After staking, start earning rewards based on the amount of staked BitcoinPoS. The rewards are calculated using the MPOS algorithm.

While Bitcoin Proof of Stake uses a proof of stake mechanism, the Bitcoin PoS still keeps up with upgrades to the Bitcoin network. Any upgrade made by the developers are added to the Bitcoin PoS blockchain. Today, the coin is tradable on crypto exchanges; it has a market price of USD 89.07 according to data on CoinMarketCap. It has a market cap of $308,995,384 and it is ranked at 40 by market cap in the world but actual raking on coinmarketcap.com is 205 because of their raking systems.

New listings on different platforms and exchanges will come.

Visit Bitcoin Proof of Stake at: https://www.bitcoinpos.net

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SourceTrace Launches Blockchain Powered Traceability for Post Covid 19 World

SourceTrace is pleased to announce they have launched a new blockchain powered traceability solution designed to identify food security related issues in a post Covid-19 world. With concerns over the spread of the virus and uncertainty over how it can be spread, protecting the food chain is essential to give people peace of mind.

With the potential for contamination at some point along the food chain, it’s more important than ever to be able to accurately trace the origins of food. The new blockchain traceability system provides a reliable way to track food products throughout the process, from the time it’s harvested at the farm until it reaches the consumer’s hands at the store. This can provide peace of mind the issue can be handled quickly and the appropriate recalls can be issued if the need arises.

SourceTrace strives to remain at the forefront of the agricultural industry to ensure the safety and integrity of the food chain. They work hard to develop solutions that keep up with all the changes in the industry and the world as a whole.

Anyone interested in learning about this new traceability system to identify food security related issues can find out more by visiting the SourceTrace website or by calling 1-978-394-5962.

About SourceTrace : SourceTrace is a leading provider of agricultural solutions that help keep the food chain operating efficiently. This includes farm management, traceability, certification, supply chain management, market linkage, financing and more. They take great pride in staying on top of the latest trends to help keep the flow of food going between farmers and consumers.

 

 

Company : SourceTrace
Contact : Cathy Jones
Address : 125 Cambridgepark Drive, Suite 301, Cambridge, MA 02140
Phone : 1-978-394-5962
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Website : http://www.sourcetrace.com

Atlantic License Broker Becomes Liquor License Advisor New Name New Office

Boston, MA: Today, Atlantic License Broker officially announced the completion of their nationwide rebrand and are now operating as Liquor License Advisor. Their new office is conveniently located in Marshfield, MA at 2036 Ocean St., Suite 1 which is now homebase to the company’s team of advisors who serve as a key broker in the liquor industry for transaction and transition of liquor licenses and liquor stores.

Dan Newcomb, Liquor License Advisor Founder and CEO, says “We wanted to refresh our brand and presence so that we could serve our clients even better. We are the same reliable, professional and highly regarded team – we now have a name that depicts exactly what we do. It’s been a pleasure working with local clients from all across Massachusetts, New Jersey, Pennsylvania and Florida as well as some national restaurant and liquor store chains.”

Dan Newcomb and his team’s experience in the liquor license industry is unmatched as they’ve:

  • Successfully completed over 1200 transactions in the industry;
  • Consistently reduced the timeline for liquor license & liquor store transactions compared to the industry average;
  • Worked with clients like Century Bank, Citizens Bank, Santander, Northern Bank and more for trusted valuations and consulting;
  • Served the restaurant and liquor industry for over a decade and trusted by clients like Total Wine, Liquor Barn, Trader Joe’s, Nordstroms, Dave & Buster’s, Morton’s™ Steakhouse, TGI Fridays, Wahlburgers, and many more recognizable names.

About Liquor License Advisor: Liquor License Advisor is a liquor license broker who assists restaurant owners, bars, liquor store owners and others buy or sell their liquor license. The Founder, Dan Newcomb has literally grown up in the industry as his experience goes back to his childhood days when his Father grew his restaurant to a chain of 26 total restaurants in the Boston area.

Liquor License Advisor is a dedicated member of The Massachusetts Package Stores Association, The National Association of Licensing and Compliance Professionals, National Restaurant Association and Massachusetts Restaurant Association. For more information on Liquor License Advisor, visit the website: www.LiquorLicenseAdvisor.com

CreditGUARD of America Announces A Free Webinar On The Simplest Ways to Make the Best of a Financial Crisis

April is Financial Literacy Month. CreditGUARD of America will be holding two free webinars online on 15th of April, 2020 and 30th of April, 2020 called The Simplest Ways to Make the Best of a Financial Crisis in response to COVID-19 Pandemic. The economic fallout from the coronavirus pandemic could be profound. Many people are already losing jobs, with unemployment jumping at a record pace. Even those who stay employed may face reduced hours or uncertainty about how long their paychecks will continue. If you’re in a situation where you can’t pay all your bills, or likely to be there soon, you may have some options to limit the damage to your finances.

This webinar will reveal important information about ways of managing debts during times of financial hardships and what are all the options available to consumers facing financial hardships and illustrate a step by step process for getting out of debt 3 to 5 times faster or finding relief.

When it comes to being financially literate, Americans think they are making the grade.  In a recent survey conducted by CreditGUARD of America, 59 percent of those polled gave themselves an A or a B on their money know-how.  However, Andrea Lavin of CreditGUARD of America says when she actually starts to quiz people, those grades falter.

Andrea Lavin, a certified financial counselor of over 15 years, will be leading the presentation and will share some practical tips and tricks on budgeting and finding the credit counselling they need now! Asked about this highly educational one hour webinar, Andrea Lavin said that this webinar is a chance for people to have a breath of fresh air as they will be receiving lots of useful information and are able to manage their debts with all the tools and services available to them from financial institutions and creditors. They can ask questions live and get information not easily available through creditors or other for-profit financial organizations.

Since 1991 CreditGUARD of America, an A+ BBB rated non-profit credit counseling agency, has been providing reliable credit counseling and debt management services to American consumers across the country. Their highly trained counselors advise consumers on personal budgeting, debt consolidation without home equity loans or credit card promos or even without filing bankruptcy. Understanding these credit solutions and what other better alternatives are out there can help consumers get through financial difficulties. Credit and money management is key to creating a stable, financial future. For consumers in debt collection, it is important for them to know their consumer rights and how to spot collection harassment so debt collectors don’t take advantage and even how to stop the collection calls entirely. CreditGUARD of America encourages consumers to enhance their personal financial literacy through their educational resources.

Full information can be found on the website: http://CreditGUARD.org/webinar.

Contact info:

Name: Andrea Lavin

Organization: CreditGUARD of America

Address: 791 Park Of Commerce Blvd Suite 500, Boca Raton, FL 33487

Phone: 1-800-913-0205

White Jacobs Associates provides the best solution for credit repair

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Allows as a matter of first importance investigate what you should trust a credit fix administration will accomplish for you. Investigate your credit and ask yourself what you think needs to improve. Credit fix goes past debates with your credit organizations and the credit authorities.

Credit fix or credit score needed for home loan by White Jacobs & Associates has been viewed as something that is fixing the credit report. Presently, attempting to fix your terrible credit can likewise assist with fixing your credit report. You have rights under the Fair Credit Reporting Act to question any things that you feel are erroneous. This piece of fixing your credit has been useful to individuals who have inadequate or off base data on their credit reports. These will obviously just assistance your FICO rating once you get the things adjusted.

This is only the start, fixing your credit. If that you locate a legitimate credit fix organization, at that point they ought to likewise work with your loan bosses to have them quit revealing negative records. Presently, it relies upon every individual credit circumstance exactly how well a credit fix organization can support you. A few people may just need to find support on fixing their credit reports, while others need progressively broad assistance and search for an organization that gives full credit fix administration.

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