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Proof-of-Stake

Icon to Giveaway $570,000 in Tokens to Promote Voting, Decentralization

The Icon Foundation, the group behind the Icon blockchain network, is giving away 3 million ICX tokens — worth ~$570,000 — in anticipation of its upcoming Public Representative (P-Rep) elections. The giveaway will last from August 26 to September 24 for IXC token holders who opt to participate in P-Rep voting. Icon shared news of …

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Coinbase’s Professional Platform to Begin Listing Process for Algorand Token

Major cryptocurrency platform Coinbase is adding the Algorand protocol’s eponymous token to its professional-targeted trading platform Coinbase Pro on Aug. 14. Coinbase announced this latest addition in an official blog post on Aug. 9. The cryptocurrency exchange will scale up to full Algorand (ALGO) trading in four steps: transfer-only, post-only, limit-only and full trading.  The …

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Top Staking Projects of the Crypto World Today: Report

INDX, the Tokenized Masternode Investment Fund, has calculated the top-10 proof-of-stake (PoS) blockchains based on the expected yield of their tokens. The company did this by quantifying the volatility, volume, liquidity, risk and integrity. The tokens appear in order, from one to 10, based on the expected yield, as predicted by INDX’s proprietary algorithm.  Related: …

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Huobi Announces Its Wallet Be ‘Baking’ Tezos With XTZ Support Coming

The wallet provided by cryptocurrency exchange Huobi will support Tezos (XTZ) native tokens and baking, the wallets official Twitter account announced on July 31. Huobi Wallet to support Tezos In the aforementioned tweet, Huobi Wallet announced that it will support the Tezos native token and its Proof of Stake (PoS) staking counterpart — baking — …

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Hyundai’s Token Company Partners With CasperLabs to Build a PoS Blockchain

HDAC Technology, a blockchain company backed by automaker Hyundai, announced a partnership with blockchain startup CasperLabs to build and integrate a customized Proof-of-Stake (PoS) consensus protocol. The companies signed a memorandum of understanding (MOU) on June 28, a small initial step toward further cooperation. HDAC, issuer of the Hyundai-DAC token, is reportedly looking to switch from its …

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‘Phase Zero’ of a New Ethereum Blockchain Could Go Live Next January

The next major iteration of the ethereum blockchain – dubbed ethereum 2.0 – may see a partial launch as early as January 2020. Proposed by Ethereum Foundation researcher Justin Drake in a bi-weekly coordination call between ethereum 2.0 developers, the date suggestion was raised after affirming that a code freeze over the first iteration of …

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Staking, Ethereum’s Mining Alternative, Will Be Profitable – But Barely

The Takeaway Ethereum is soon to abandon bitcoin-style proof-of-work (PoS) mining in favor of a long-in-development alternative system called proof-of-stake (PoS), but the economics are still being worked out. Under a proposal by creator Vitalik Buterin, computer operators who validate transactions would be able to earn 5 percent annual on a minimum 32 ETH (~$5,500) …

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Phase Zero Code for Ethereum PoS Transition Can Be Completed by June 30: ETH Core Devs

A code for the Ethereum (ETH) blockchain’s first-stage transition to a proof-of-stake (PoS) consensus algorithm could be completed by June 30, as stated in an Ethereum core developers meeting on May 2. In a bi-weekly call, Ethereum researcher Justin Drake claimed that the developers team expects to prepare code specifications for phase zero by the …

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Coinbase Custody Now Supports Mainnet KIN Tokens

Coinbase Custody announced immediate support for the mainnet iteration of the KIN token today, April 30, 2019.   As Cointelegraph previously reported, KIN is a cryptocurrency created by Canadian organization Kik Interactive of Kik Messenger fame. The token was originally developed on the Ethereum and Stellar networks and now operates on its own blockchain (a …

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A Blockchain to Connect All Blockchains, Cosmos Is Now Officially Live

Cosmos, a highly anticipated blockchain itself designed to improve the interoperability between any number of other blockchains, has officially released a live software. With the mining of its first block at 23:00 UTC, the project has launched Cosmos Hub, the first in a series of proof-of-stake (PoS) blockchains intended to make up the Cosmos ecosystem. At present, users of …

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