29 Jul '17, 3am

Ethereum Proof of Stake Transition

Ethereum (ETH), the largest altcoin and second largest cryptocurrency (based on market cap) will be moving to a proof of stake (POS) model by the end of the year. Over the past few months, ETH has been getting a bad rap due to the rapid rise of ICO’s. (Initial coin offerings). The ICO model is a game changer and offers businesses owners the opportunity to secure funding without having to resort to traditional funding models like bank loans or venture capital. The problem with this model is that it’s currently unregulated and this leaves the door open for abuse. There has already been a few ICO’s that were pie in the sky, pump and dump business models. Sadly, a handful of “bad apples” creates a bad impression on the industry as a whole. This can make it challenging for legit ICO’s to secure funding as investors become cautious and weary. The other issue is the increase in s...

Full article: https://www.thedomains.com/2017/07/28/ethereum-proof-stak...

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