Cross Staking Product Protects Crypto Investors from Losses of Bear Market - Aliens: AI Crypto News & Markets Updates
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Cross Staking Product Protects Crypto Investors from Losses of Bear Market

PublisherPublisher
U.Today

Sat, Jun 18, 2022

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Aliens TLDR

Cross Staking, a new-gen passive income solution, helps retail investors to merge the opportunities introduced by the Proof-of-Stake (PoS) and Proof-of-Work (PoW) blockchains.

While staking has a number of advantages over mining from the retail point of view (low entry barrier, no need for sophisticated equipment and special expertise and so on), the largest cryptocurrencies, Bitcoin and Ethereum, cannot be staked as they underpin Proof-of-Work blockchains.

Through its eccentric proprietary sidechain infrastructure, Cross Staking platform allows retail users to stake PoW coins to obtain periodic payouts.

The chosen staking provider launches a purpose-made sidechain based on an improved Proof-of-Stake (PoS) consensus and binds it via a two-way link to an underlying Proof-of-Work (PoW) consensus blockchain.

As a result, this two-part solution can be used for the staking of mainstream Proof-of-Work coins.

As per the estimations of Cross Staking inventors from Matrix Network cryptographic laboratory, this solution works with 0.5% to 1.5% per day payouts.

Besides staking of PoW assets, this infrastructure can be used for scaling of Proof-of-Work blockchains, well known for their low transactional bandwidth.

Oreol Staking is the largest one: it surpassed $116 million in net volume of assets locked while the aggregated amount of rewards paid to clients exceeded $50 million.

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