Last month in Japan in Osaka blockchain week Ethereum founder Vitalik Buterin announced that ethereum will soon change its proof of work algorithm in proof of stake algorithm. after this announcement token that working on stacking algorithm on that hold around 8 million $ worth becomes double 16 million in just 30 days.
If Ethereum founder Vitalik Buterin believes in now in proof of staking alogorithm than now it becomes a hot cake now. this technology is there in a long time but no buddy taking is serious. everyone thinking that stacking is just a promotional activity. peercoin is the first coin that comes with pos technology in 2013.
in proof of stake is an algorithm where all the coin holders help the coin transaction confirmation and in voting and all ecosystem. it has done for the obtain reward as a block halving, voting reward, etc.
POS coin stacking algorithm now becomes famous after Ethereum founder Vitalik Buterin's announcement that they want to change their POW algorithm in the POS algorithm. this is now on booming.
OCTOBER 29, 2019
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