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Floki Inu To Be Seen By Over 1 Billion People After Latest Partnership With Italian Football Club
The relationship between sports and cryptocurrencies is becoming tightly knit in the face of recent partnerships. The latest by Floki Inu will bring the project within the purview of billions of soccer fans globally.
Floki Inu and NapoliFloki Inu’s latest partnership with SSC Napoli will see the logo of the cryptocurrency project emblazoned on the back of the playing kit. The Shiba Inu dog with a Viking helmet will also be displayed on LED boards around the Stadio Diego Armando Maradona – Napoli’s home stadium and other promotional assets.
Speaking on the partnership, Napoli stated that it shares similar values with the meme coin in terms of growth aspirations and resilience. Serena Salvione, Chief International Development Officer for Napoli stated that the club believes the partnership reinforces their “commitment to always engage in innovative partnerships and to be on the edge of new trends and new products.”
The relationship between sports and cryptocurrencies is becoming tightly knit in the face of recent partnerships. The latest by Floki Inu will bring the project within the purview of billions of soccer fans globally.
Floki Inu and NapoliFloki Inu’s latest partnership with SSC Napoli will see the logo of the cryptocurrency project emblazoned on the back of the playing kit. The Shiba Inu dog with a Viking helmet will also be displayed on LED boards around the Stadio Diego Armando Maradona – Napoli’s home stadium and other promotional assets.
Speaking on the partnership, Napoli stated that it shares similar values with the meme coin in terms of growth aspirations and resilience. Serena Salvione, Chief International Development Officer for Napoli stated that the club believes the partnership reinforces their “commitment to always engage in innovative partnerships and to be on the edge of new trends and new products.”
BSC-based GameFi Project Light Year to do IDO with Multiple Launchpads
The team behind BSC-based GameFi project Light Year announced that they will work with multiple launchpads for the project’s incoming IDO on December 28 and December 29. And the list of partnered launchpads includes
ASTRONAUTKOMMUNITASINFINITYPADCARDENCEBABYLONSCOSOSWAPGAMIWORLDCHEERSLANDand KOISTARTER
The team behind BSC-based GameFi project Light Year announced that they will work with multiple launchpads for the project’s incoming IDO on December 28 and December 29. And the list of partnered launchpads includes
ASTRONAUTKOMMUNITASINFINITYPADCARDENCEBABYLONSCOSOSWAPGAMIWORLDCHEERSLANDand KOISTARTER
HODLing: Tesla’s Billion-Dollar Bitcoin Stash Is Still Intact Despite Downside Volatility
Tesla’s Q4 Fiscal Year 2021 report is out and as it appears, the U.S. electric vehicle manufacturer is still holding its Bitcoins.
According to the report, the company has not made any major alterations to its Bitcoin holdings, with the stash remaining untouched for a least three quarters. As per the recent report, the company was holding $1.26 Billion worth of Bitcoin as of December 31, 2021, which is a 16% descent from its initial investment. This has largely been due to the overall market drawdown facing the crypto market.
Tesla’s Q4 Fiscal Year 2021 report is out and as it appears, the U.S. electric vehicle manufacturer is still holding its Bitcoins.
According to the report, the company has not made any major alterations to its Bitcoin holdings, with the stash remaining untouched for a least three quarters. As per the recent report, the company was holding $1.26 Billion worth of Bitcoin as of December 31, 2021, which is a 16% descent from its initial investment. This has largely been due to the overall market drawdown facing the crypto market.
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping 5,431% in 2021.
A Deep Dive Into Stablecoin Growth During the Course of 2021Stablecoins today represent 9.77% of the $1.8 trillion crypto-economy today which is $177 billion in USD value. While many digital assets surged in growth last year, stablecoins also saw their market valuations swell as issuance grew month after month.
Tether (USDT) is the top stablecoin, in terms of market capitalization with $78.3 billion. USDT alone represents 4.32% of the entire crypto economy’s $1.8 trillion and amid the $177 billion stablecoin economy, USDT towers over the pack by 44.24%.
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping 5,431% in 2021.
A Deep Dive Into Stablecoin Growth During the Course of 2021Stablecoins today represent 9.77% of the $1.8 trillion crypto-economy today which is $177 billion in USD value. While many digital assets surged in growth last year, stablecoins also saw their market valuations swell as issuance grew month after month.
Tether (USDT) is the top stablecoin, in terms of market capitalization with $78.3 billion. USDT alone represents 4.32% of the entire crypto economy’s $1.8 trillion and amid the $177 billion stablecoin economy, USDT towers over the pack by 44.24%.
Celestials Stellar Club Announces NFT Collection Minting Date March 14 2022
PRESS RELEASE. Looking for an exciting new NFT collection to be a part of? Look no further than Celestials Stellar Club. We are pleased to announce the public mint date of our first collection of 4,962 NFT exoplanets on the Ethereum blockchain will take place on March 14 2022.
Celestials Stellar Club is more than just a NFT collection. It has quickly become a community of passionate crypto enthusiasts. Holders of the CSC NFT exoplanets receive perks both in the free multiplayer web space exploration game itself and also through future collections and upcoming airdrops.
PRESS RELEASE. Looking for an exciting new NFT collection to be a part of? Look no further than Celestials Stellar Club. We are pleased to announce the public mint date of our first collection of 4,962 NFT exoplanets on the Ethereum blockchain will take place on March 14 2022.
Celestials Stellar Club is more than just a NFT collection. It has quickly become a community of passionate crypto enthusiasts. Holders of the CSC NFT exoplanets receive perks both in the free multiplayer web space exploration game itself and also through future collections and upcoming airdrops.
Mysterious Bitcoin Whale Quiet For Over 7 Years Suddenly Woke Up Shortly Before BTC Slipped Under $45k
After tapping a weekly high of $48,000 on Monday, the bitcoin price erased the gains and dropped to as low as $44,250 on Thursday night after a 5.1% retracement.
Interestingly, a crypto wallet holding approximately 11,326 BTC (worth $517 million today) finally woke up on March 29 after many years of dormancy, according to the Whale Shadows tool.
Dormant BTC Wallet Activated Right Before Recent 5.1% SelloffWhale Shadows is a tool that was created by independent market analyst Philip Swift to track coins that were activated after years of sitting idle. It was designed to capture when +100 BTC are moved. Surges in this indicator are often accompanied by significant price movements, Swift notes.
“There was a significant movement on-chain yesterday, with +10k BTC that has not moved for the past 7-10yrs finally moving,” the analyst tweeted Thursday.
After tapping a weekly high of $48,000 on Monday, the bitcoin price erased the gains and dropped to as low as $44,250 on Thursday night after a 5.1% retracement.
Interestingly, a crypto wallet holding approximately 11,326 BTC (worth $517 million today) finally woke up on March 29 after many years of dormancy, according to the Whale Shadows tool.
Dormant BTC Wallet Activated Right Before Recent 5.1% SelloffWhale Shadows is a tool that was created by independent market analyst Philip Swift to track coins that were activated after years of sitting idle. It was designed to capture when +100 BTC are moved. Surges in this indicator are often accompanied by significant price movements, Swift notes.
“There was a significant movement on-chain yesterday, with +10k BTC that has not moved for the past 7-10yrs finally moving,” the analyst tweeted Thursday.
Blockchain Is Good But Won’t Rush To An Early Crypto Policy: Indian Finance Minister
Indian Finance Minister Nirmala Sitharaman has offered a more nuanced response to the need for a policy for the Indian cryptocurrency sector. It presents a noticeable contrast to her usual dismissive stance on the future of digital assets in India.
Speaking at a program at Stanford Medicine, Stanford, on Wednesday she said her government’s intention is not to hurt the blockchain ecosystem in any way but the country needs time to make its decision, media reports said.
Indian Finance Minister Nirmala Sitharaman has offered a more nuanced response to the need for a policy for the Indian cryptocurrency sector. It presents a noticeable contrast to her usual dismissive stance on the future of digital assets in India.
Speaking at a program at Stanford Medicine, Stanford, on Wednesday she said her government’s intention is not to hurt the blockchain ecosystem in any way but the country needs time to make its decision, media reports said.
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Andreessen Horowitz Announces $4.5 Billion Fund for Crypto, Blockchain Sector
At a time when the digital assets market is witnessing an acute downturn, American venture capital fund Andreessen Horowitz has announced a new $4.5 billion fund for crypto and blockchain investments.
This is the fourth fund from the Silicon Valley fund for the crypto asset class. Together, the fund now accumulates $7.6 billion. Andreessen’s first crypto-focused fund was also launched during a downturn four years ago. The latest fund is the fourth in the series and combined they take the total to $7.6 billion, a CNBC report said.
At a time when the digital assets market is witnessing an acute downturn, American venture capital fund Andreessen Horowitz has announced a new $4.5 billion fund for crypto and blockchain investments.
This is the fourth fund from the Silicon Valley fund for the crypto asset class. Together, the fund now accumulates $7.6 billion. Andreessen’s first crypto-focused fund was also launched during a downturn four years ago. The latest fund is the fourth in the series and combined they take the total to $7.6 billion, a CNBC report said.
Galaxy Block Coin (GXBC) Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Jun. 22, 2022 – LBank Exchange, a global digital asset trading platform, has listed Galaxy Block Coin (GXBC) on June 22, 2022. For all users of LBank Exchange, the GXBC/USDT trading pair is now officially available for trading.
Aiming to revolutionize blockchain gaming, Galaxy Block Coin (GXBC) builds an ecosystem where users can enjoy games and rewards with its other features including NFT, wallet, metaverse, digital contents, GXBC token, and more. The GXBC token has been listed on LBank Exchange at 14:00 (UTC+8) on June 22, 2022, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Jun. 22, 2022 – LBank Exchange, a global digital asset trading platform, has listed Galaxy Block Coin (GXBC) on June 22, 2022. For all users of LBank Exchange, the GXBC/USDT trading pair is now officially available for trading.
Aiming to revolutionize blockchain gaming, Galaxy Block Coin (GXBC) builds an ecosystem where users can enjoy games and rewards with its other features including NFT, wallet, metaverse, digital contents, GXBC token, and more. The GXBC token has been listed on LBank Exchange at 14:00 (UTC+8) on June 22, 2022, to further expand its global reach and help it achieve its vision.
Ethereum vs. Ethereum Classic
If you’re new to digital currency, seeing Ethereum and Ethereum Classic could confound you. You could either go for Ethereum or Ethereum Classic. What’s the distinction between them?
What are the distinctions between Ethereum and Ethereum Classic?Ethereum Classic is viewed as the traditional Ethereum for specific reasons. On the off chance that you are much of an observer, the name ‘Ethereum Classic’ would have hinted to you the contrast between them, as classic means traditional. If you speculated thus, you guessed correctly.
What Differentiates Ethereum from Ethereum Classic?CURRENCY: These two Ethereum versions have distinct native currencies. Ethereum’s coin is called ETH, while Ethereum Classic is called ETC.HISTORY: The historical backdrop of the creation of these two variants is fascinating. It’s even more intriguing to know that Ethereum was only a single currency when it was introduced. However, in 2016, an unknown hacker looted millions of ETHs from a smart network under Ethereum called DAO (Decentralized Autonomous Organization) after discovering a loophole in its blockchain.It steered the creators to take a huge decision. They resolved to reverse the hack by splitting the network into two, generating a new blockchain. However, some users perceived this to be a betrayal of the doctrine of ‘code is law,’ meaning that a blockchain is inflexible.
This faction of miners refused to elevate to the new blockchain, causing a hard fork; thus, creating two currencies; Ethereum and Ethereum Classic. Ethereum became the new network, while Classic is the original.
If you’re new to digital currency, seeing Ethereum and Ethereum Classic could confound you. You could either go for Ethereum or Ethereum Classic. What’s the distinction between them?
What are the distinctions between Ethereum and Ethereum Classic?Ethereum Classic is viewed as the traditional Ethereum for specific reasons. On the off chance that you are much of an observer, the name ‘Ethereum Classic’ would have hinted to you the contrast between them, as classic means traditional. If you speculated thus, you guessed correctly.
What Differentiates Ethereum from Ethereum Classic?CURRENCY: These two Ethereum versions have distinct native currencies. Ethereum’s coin is called ETH, while Ethereum Classic is called ETC.HISTORY: The historical backdrop of the creation of these two variants is fascinating. It’s even more intriguing to know that Ethereum was only a single currency when it was introduced. However, in 2016, an unknown hacker looted millions of ETHs from a smart network under Ethereum called DAO (Decentralized Autonomous Organization) after discovering a loophole in its blockchain.It steered the creators to take a huge decision. They resolved to reverse the hack by splitting the network into two, generating a new blockchain. However, some users perceived this to be a betrayal of the doctrine of ‘code is law,’ meaning that a blockchain is inflexible.
This faction of miners refused to elevate to the new blockchain, causing a hard fork; thus, creating two currencies; Ethereum and Ethereum Classic. Ethereum became the new network, while Classic is the original.
Zebedee Inks Deal With Mobile Game Studio Viker to Add BTC Rewards to Solitaire, Sudoku, Missing Letters
Seven days after the financial technology and bitcoin payments firm Zebedee announced it secured a $35 million capital raise, the company has revealed a new partnership deal with the mobile game studio Viker. The two companies have enhanced three classic video games with Zebedee’s bitcoin reward mechanics which include “Solitaire,” “Sudoku,” and the game “Missing Letters.”
Bitcoin Rewards to Enhance 3 Classic Mobile Video GamesThe Square Enix-backed company Zebedee has been making a number of announcements in recent times and last week, the firm announced it raised $35 million from strategic investors. Participating investors in Zebedee’s latest capital raise include Kingsway Capital, Raine Group, Initial Capital, Lakestar, and the Japanese gaming giant Square Enix. On July 26, Zebedee revealed it has inked a new partnership deal with mobile game studio Viker.
Zebedee and Viker have partnered in the past as the bitcoin rewards mechanism has been implemented in games like “Wheel of Trivia,” “Amazeballs,” and “Balls King,” which are available to play on iOS and Android devices. The success behind those games prompted the two companies to integrate BTC payments into classic mobile games that have been popular for the last decade. The three newly enhanced games include “Sudoku,” “Solitaire,” and “Missing Letters,” a game that’s similar to the mobile application “Wordle.”
Seven days after the financial technology and bitcoin payments firm Zebedee announced it secured a $35 million capital raise, the company has revealed a new partnership deal with the mobile game studio Viker. The two companies have enhanced three classic video games with Zebedee’s bitcoin reward mechanics which include “Solitaire,” “Sudoku,” and the game “Missing Letters.”
Bitcoin Rewards to Enhance 3 Classic Mobile Video GamesThe Square Enix-backed company Zebedee has been making a number of announcements in recent times and last week, the firm announced it raised $35 million from strategic investors. Participating investors in Zebedee’s latest capital raise include Kingsway Capital, Raine Group, Initial Capital, Lakestar, and the Japanese gaming giant Square Enix. On July 26, Zebedee revealed it has inked a new partnership deal with mobile game studio Viker.
Zebedee and Viker have partnered in the past as the bitcoin rewards mechanism has been implemented in games like “Wheel of Trivia,” “Amazeballs,” and “Balls King,” which are available to play on iOS and Android devices. The success behind those games prompted the two companies to integrate BTC payments into classic mobile games that have been popular for the last decade. The three newly enhanced games include “Sudoku,” “Solitaire,” and “Missing Letters,” a game that’s similar to the mobile application “Wordle.”
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Popular Analyst Justin Bennett Says Latest Crypto Bump Is a Bull Trap – Here’s Why
A closely followed crypto analyst is warning investors to avoid getting overly excited after the markets bounced off a flash crash during the weekend.
In a series of posts, Justin Bennett tells his 107,100 Twitter followers that he expects crypto prices will continue to fall, noting that the recent recovery could be a bull trap which lures investors into falsely believing that an extended rally has begun.
A closely followed crypto analyst is warning investors to avoid getting overly excited after the markets bounced off a flash crash during the weekend.
In a series of posts, Justin Bennett tells his 107,100 Twitter followers that he expects crypto prices will continue to fall, noting that the recent recovery could be a bull trap which lures investors into falsely believing that an extended rally has begun.
European Parliament Passes Resolution on Crypto Tax and Blockchain Use To Make Tax Collection More Efficient
The European Parliament has adopted a resolution relating to taxes for the crypto market. A press release published on October 4 said that the Members of the Parliament of the European Union (MEP) passed a non-binding resolution that delivers a framework for taxing crypto and using blockchain tech in taxation.
The resolution says that crypto assets “must be subject to fair, transparent, and effective taxation.” However, it does ask authorities to consider a simplified tax treatment for “occasional or small traders and small transactions.” This will be a relief for smaller investors worried about heavy taxation, which has happened in some countries, such as India.
The European Parliament has adopted a resolution relating to taxes for the crypto market. A press release published on October 4 said that the Members of the Parliament of the European Union (MEP) passed a non-binding resolution that delivers a framework for taxing crypto and using blockchain tech in taxation.
The resolution says that crypto assets “must be subject to fair, transparent, and effective taxation.” However, it does ask authorities to consider a simplified tax treatment for “occasional or small traders and small transactions.” This will be a relief for smaller investors worried about heavy taxation, which has happened in some countries, such as India.
Bitcoin Mining Software Gets a Serious Upgrade
Software utilized in bitcoin mining projects is about to get its first major upgrade in roughly ten years, and financial companies – including Block (formerly known as Square) are looking to take advantage.
Bitcoin Mining Needs to Undergo Some ChangesOne of the big issues surrounding bitcoin mining is that it operates on a proof of work (PoW) protocol, which many environmentalists think could lead the planet into a dark corner. Proof of work allegedly requires more energy than some countries, and it’s believed that if miners continue this path, the atmosphere is going to take a brutal beating.
Today, many bitcoin mining enterprises utilize software known as Stratum, which allegedly facilitates communication between miners, mining pools, and related crypto networks. It combines all the BTC hashing power throughout the world and secures it under a single roof. Stratum is then used by miners to not only submit their work but garner necessary rewards for extracting new units and adding them to the blockchain.
Software utilized in bitcoin mining projects is about to get its first major upgrade in roughly ten years, and financial companies – including Block (formerly known as Square) are looking to take advantage.
Bitcoin Mining Needs to Undergo Some ChangesOne of the big issues surrounding bitcoin mining is that it operates on a proof of work (PoW) protocol, which many environmentalists think could lead the planet into a dark corner. Proof of work allegedly requires more energy than some countries, and it’s believed that if miners continue this path, the atmosphere is going to take a brutal beating.
Today, many bitcoin mining enterprises utilize software known as Stratum, which allegedly facilitates communication between miners, mining pools, and related crypto networks. It combines all the BTC hashing power throughout the world and secures it under a single roof. Stratum is then used by miners to not only submit their work but garner necessary rewards for extracting new units and adding them to the blockchain.