While energy consumption for POW mining is becoming more and more difficult and expensive, Proof Of Stake is becoming very popular within the cryptocurrency world.
Mining requires a great deal of computing power to run different cryptographic calculations to unlock the computational challenges. The computing power translates into a high amount of electricity and power needed for the proof of work. In 2015, it was estimated that one Bitcoin transaction required the amount of electricity needed to power up 1.57 American households per day. To foot the electricity bill, miners would usually sell their awarded coins for fiat money, which would lead to a downward movement in the price of the cryptocurrency.
The proof of stake (PoS) seeks to address this issue by attributing mining power to the proportion of coins held by a miner. This way, instead of utilizing energy to answer PoW puzzles, a PoS miner is limited to mining a percentage of transactions that is reflective of his or her ownership stake. For instance, a miner who owns 3% of the Bitcoin available can theoretically mine only 3% of the blocks.
POSToken is the world’s first Proof-of-Stake smart contract token on Ethereum platform. It’s based on the ERC20 Token Standard and implements all standard methods. As an Ethereum token, POSToken first implements the Proof-of-Stake mechanism, meaning that every holder can earn some extra tokens just by holding POSToken for a period of at least 3 days, greater than or equal to The Minimum Coin Age.
POS token is fairly knew. It will give you back 100% rewards every year on your token simply for just holding on to it. POStoken is setting the new standard for the way POS mining should and always should be done. POStoken is very transparent. You have proof of this with their free airdrops.
More details on the whitepaper: https://postoken.org/whitepaper.pdf
The Max Total Supply of POStoken will be 10 Million and initial supply is 1 Million. As you can see this is a very low circulation for a coin in the crypto space. So any amount you accumulate now will benefit you a great deal moving forward.
For More Information please visit https://bitcointalk.org/index.php?topic=2110712.0 & https://postoken.org/
And don't forget to sign up for the free airdrop! https://airdrop.postoken.org/?r=njzr9i3o
