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Most layer 1 blockchain networks use Proof of Work (PoW) which involves using sophisticated mining hardware that demands significant amounts of electricity. While PoW mining is expensive, many miners can and do afford the necessary infrastructure.
The blockchain industry then adopted Proof of Stake (PoS), which involves staking cryptocurrencies to generate blocks and earn rewards based on the amount they have staked. Though PoS removes the need for sophisticated hardware and electricity, many nodes on PoS networks are hosted in the cloud, making both centralized and decentralized entities gain control over the network.
The FLUX ecosystem announced the Proof of Useful Work (PoUW) mechanism to overcome the issues faced by traditional blockchains by redirecting the excessive computing power used for solving complex algorithms to real-world applications. Let’s explore more about PoUW in this blog.
Read the full blog here - https://www.cryptominerbros.co....m/blog/what-is-proof
Flux is a unique and innovative blockchain project created to enhance the user experience of crypto enthusiasts within decentralized exchanges. Originally initiated as a fork of the ZCash blockchain, Flux evolved to function on its proprietary blockchain. Flux Coin is the native cryptocurrency of the Flux ecosystem.
The prime features of Flux include decentralization, compatibility with mobile games, the potential to make earnings, integration of tasks, secure transactions, etc. Flux implements a hybrid consensus mechanism that incorporates Proof of Work (PoW), Proof of Stake (PoS), and Proof of Useful Work (PoUW) to ensure the security, efficiency, and sustainability of the network.
Let’s dive deeper into Flux, how it works, its use cases, and more in this comprehensive blog.
Read the full blog here - https://www.cryptominerbros.co....m/blog/what-is-flux-
Like the traditional stock market, which undergoes sudden ups and downs that impact investor sentiments, the crypto market also experiences ups and downs. In fact, the crypto market is well-known for its volatility, which results in drastically fluctuating prices in short periods.
Understanding market sentiments is crucial for crypto investors to navigate the rollercoaster of prices and emotions better. The crypto industry has numerous innovative tools and indicators to help investors predict market sentiments.
The Crypto Fear and Greed Index is one such tool that crypto investors can leverage to understand market psychology and make smart decisions. Let’s learn more about the tool, how it works, how to use it, its benefits, and more.
Read the full blog here - https://www.cryptominerbros.co....m/blog/crypto-fear-a
Authorities like banks and governments determine the price of traditional fiat currencies like the US dollar or Euro. However, that is not the case with Bitcoin or any other cryptocurrencies for that matter. So, who determines Bitcoin’s price?
Unlike fiat currencies, no single entity fixes the Bitcoin price. Rather than a single authority, many factors play a role in deciding Bitcoin’s price. For instance, Bitcoin’s price is primarily determined by supply and demand. In other words, it depends on how much people are ready to pay for it.
The higher the demand, the higher the price, whereas the lesser the demand, the lower the price. Besides, many other factors influence the price of Bitcoin. Let’s unravel all of them and find out how Bitcoin’s price is determined.
Read the full blog here - https://www.cryptominerbros.co....m/blog/how-is-bitcoi