The Reason Why So Many Exchanges Are Running Staking Program In 2020
2020 will be the year proof-of-stake (PoS) blockchains finally break out. And there are telltale signs everywhere, especially from the exchanges, who are, supposedly, the people that always want to keep themselves up-to-date.
The crypto market is changing
Prominent cryptocurrency exchange Binance has introduced a dedicated staking platform, according to a company announcement released on Sept. 26.
The new service will allow Binance users to deposit their token holdings and earn staking rewards. With PoS, validators must own currency they are trying to verify: “forgers” always own the coins being created. There is no mining, which means we won’t have to waste a ton of money on electricity bills to resolve cryptographic problems. Moreover, a lot of avid investors argue that PoS, in the long term, will become more scalable, sustainable and secure than the traditional PoW blockchain systems.
Another major exchange, Coinbase, rather than launching a new PoS system, is planning to upgrade its in-house pre-existing PoS platform as a public network. For the first time ever, general users are able to earn passive income by simply holding cryptocurrency, starting with the Tezos (XTZ) token.
Staking in 2020 will surely become the next big thing as these exchanges are the major sharks and whales that shift the market. This, alongside with the Bitcoin’s Halving event in May 2020, will definitely cause a market-wide uptrend.
Why are platforms providing PoS?
Two reasons, mostly. First of all, PoS supports decentralization because there is no mining. Users only need to hold their currency to receive passive interests. This will attract more investors to the platform because of the immense simplicity and convenience. Secondly, the Staking feature will provide the platforms with greater returns because of investors putting their money in. Interests will be generated for both the platform and the investors. In laymen term, it’s called a “win-win situation” since everybody profits. It’s hitting two birds with one stone!
DABANKING, understanding PoS’s huge advantages, is stepping up to lead a new wave of crypto trading in 2020. It is a decentralized entertainment DApp platform with leading programming experts and years of experience with the ambition to become a leading DApp development company. The platform’s token is called DAB. It is mined solely by energy from Mining Wallets and has an increasing difficulty over time. The best part is that the token’s value is protected by a Reserve Fund that ensure its minimum value at all time. The number of circulating DAB tokens is also limited, therefore raising the mining difficulty over time.
The platform ensures absolute transparency and is a good opportunity for you to start Staking on the cryptocurrency market.
#dabanking #finance #lottery #lotterybanking #blockchain #cryptocurrency #fomojackpot #mmo #dapp #Ethereum #bitcoin #eth #btc #fomogame#dabanking #fomojackpot #dapps #cryptocurrency
*Follow us:
Website: https://dabanking.io/home
🔹Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5146671.msg51190430#msg51190430
🔸Telegram: https://t.me/DABANKINGOFFICIAL
🔹Reddit: https://www.reddit.com/user/dabanking_official
🔹Whitepaper: http://dabanking.io/static/whitepaper.pdf
🔸Medium: https://medium.com/@dabanking.io
🔹Twitter: https://twitter.com/Dabanking_io
🔸Facebook: https://www.facebook.com/dabanking.io/
🔸Youtube: https://www.youtube.com/channel/UCQbGkMKlxM7JdBY89S9UcIA
