The hotly anticipated Cross Staking gathering devoted to cross-marking was held from June 11 to June 12, 2022, in Denver, USA. The coordinators were: Owen Tao, the head of Cross Staking; Brian Yang, a leading expert of the organization; Anthony War, a central designer; and other colleagues. Among the meeting participants were new businesses, financial backers, and specialists in the digital currency market.
Numerous points were addressed during the meeting; however, for the most part, the possibilities of involving Cross Staking for digital currencies with a Proof-of-Work (PoW) agreement were talked about.
A member of the Advisory Board at Blockchain Co-investors named Lou Kerner said during the opening, “Thanks to blockchain technology, the operations of market participants become transparent and understandable, but, unfortunately, today’s obsession with PoW consensus only slows down the development of the industry. And the huge amounts of electricity that are needed to scale with this consensus forced developers to think about an alternative. Therefore, recently we have seen attempts to switch to Proof-of-Stake (PoS) – a more environmentally friendly alternative. Such a transition takes a very long time, which has already been proven by the example of Ethereum. That is why we created Cross Staking, a solution that will help the crypto industry forget about the factors holding back its development and continue active scaling and development.”The Cross Staking group talked exhaustively about their convention. It is feasible to feature the discourse of the leader chief Owen Tao, who determined what helps the task brings to typical clients: “Our second-level hybrid protocol allows staking providers to stake cryptocurrencies based on the PoW consensus. Before the creation of Cross Staking, such coins could only be mined, but now users can stake Bitcoin, Litecoin, and other tokens on the PoW consensus. Thus, by combining the PoW and PoS protocols, the technology creates a system that allows you to earn with greater stability and profitability.”
Computerized security was likewise talked about at the meeting. In this way, Stefan Rind, the top of the IMO organization, said the accompanying: “We know that the blockchain has qualities that allow it to be used for cyber defense. On the other hand, we also know many examples when crypto projects were attacked, as a result of which users lost millions of dollars. Cross Staking technology may become the missing piece of the puzzle required to ensure the security of the blockchain. We already know that Cross Staking combines the main and created networks’ protection, thereby improving both securities. In other words, to crack the first chain, it is necessary to crack the second one. Thus, we get a higher level of security and anonymity, and the transaction speed for users becomes 2-3 times higher.”
The meeting was gone to by agents of Prime Stake and Oreol Staking, suppliers that have proactively carried out Cross Staking innovation. To get an enormous recurring, automated revenue from your crypto resources, go to the site of one of the suppliers and begin procuring.
The founder and CEO of Prime Stake, Jeff Moore, said: “Cross Staking technology combines all the best that PoW and PoS consensus algorithms have. Thanks to cross-staking technology, our company has received a long-awaited opportunity for all investors to stake PoW coins.”
The co-founder and CEO Michael Saylor spoke on behalf of Oreol Staking: “Thanks to Cross Staking technology, we can provide the highest level of asset protection and maximize the profits of our users. We have been working on the cryptocurrency market since 2021, and our goal is to replace mining with a highly profitable and environmentally friendly alternative to Cross Staking. We see great prospects in popularizing this technology and are proud that the blockchain industry is becoming more environmentally friendly right before our eyes.”
As a feature of the improvement of Cross Staking innovation and its improvement, plans for 2022 were reported:
- The mix of the Cross Staking convention to three additional marking suppliers other than Prime Stake and Oreol Staking
- Decrease mining power utilization by 10%
- Refreshing the agreement calculation in the organizations that are being made (PoS 2.0)
Summarizing the consequences of the gathering, all speakers noticed the significance of presenting this innovation, which will lessen how much power is consumed and make the ways for the universe of digital currencies for countless new clients. Even though PoW has many fans, an ever-increasing number of individuals consistently perceive its deficiencies and understand that an alternate methodology is required. Working with Cross Staking suppliers, every client gets outstanding awards from marking PoW coins and adds to the eco-accommodating improvement of blockchain innovations. If you have any desire to get automated revenue from your crypto resources with every day payouts and great interest at this moment, go to the site of one of the suppliers: Prime Stake or Oreol Staking
