The highly anticipated Cross Staking Conference was held on June 11 and June 12, 2022 in Denver, United States (US). The organizers were: Owen Tao, the director of Cross Staking; Brian Yang, a leading specialist of the company; Anthony War, a chief architect; as well as other team members. The conference participants included startups, investors and experts in the cryptocurrency market.
Various topics were discussed during this conference, including the prospects of using Cross Staking for cryptocurrencies with a Proof-of-Work (PoW) consensus. Lou Kerner, a member of the advisory board at Blockchain Co-investors, said the following at the opening:
“Blockchain technology makes the activities of market participants transparent and understandable, but unfortunately the current obsession with PoW consensus is only slowing the development of the industry. And the massive amounts of electricity needed to scale with this consensus forced developers to think about an alternative. That’s why we’ve recently seen attempts to switch to Proof-of-Stake (PoS); a more environmentally friendly alternative.
Such a transition takes a very long time, which has already been proven by the example of Ethereum. That is why we have created Cross Staking, a solution that will help the crypto industry forget the factors that hinder its development and continue active scaling and development.”
The topic of ‘digital security’ was also discussed during the conference. The head of the IMO company, Stefan Rind, said the following:
“We know that the blockchain has qualities that allow it to be used for cyber defense. On the other hand, we also know many examples where crypto projects were attacked, causing users to lose millions of dollars ($). Cross Staking technology could become the missing piece of the puzzle needed to ensure the security of the blockchain. We already know that Cross Staking combines the protection of the main network and the created network, improving the security of both. In other words, to crack the first chain, it is necessary to crack the second. This gives us a higher level of security and anonymity and the transaction speed for users is 2 to 3 times higher.”
In addition, the Cross Staking team spoke extensively about their developed protocol. It is possible to highlight the speech of the Executive Director Owen Tao, who talked about the benefits the project brings to ordinary users:
“Our second-level hybrid protocol allows staking providers to stake cryptocurrencies based on the PoW consensus. Before the creation of Cross Staking, such coins could only be mined, but now users can wager Bitcoin (BTC), Litecoin (LTC) and other tokens on the PoW consensus. So by combining the PoW and PoS protocols, the technology creates a system that allows you to earn with greater stability and profitability.”
The conference was attended by representatives of Prime Stake and Oreol Staking, providers who Cross Staking Technology have already implemented. If you want to get a big passive income from your crypto assets, go to the site of one of the providers and start earning. Jeff Moore, the founder and CEO of Prime Stake, said the following:
“Cross Staking technology combines all the best that PoW and PoS consensus algorithms have. Thanks to cross-staking technology, our company has been given a long-awaited opportunity for all investors to stake PoW coins.”
Michael Saylor, the co-founder and CEO, spoke on behalf of Oreol Staking:
“The Cross Staking technology allows us to provide the highest level of asset protection and maximize our users’ profits. We have been working on the cryptocurrency market since 2021 and our goal is to replace mining with a highly profitable and environmentally friendly alternative to Cross Staking. We see great opportunities in popularizing this technology and are proud that the blockchain industry is becoming more environmentally friendly before our eyes.”
As part of the Cross Staking technology development and improvement, plans for 2022 were announced:
● Integration of the Cross Staking protocol with three other providers besides Prime Stake and Oreol Staking;
● Reduction of my electricity consumption by 10%;
● Updating the consensus algorithm in the networks being created (PoS 2.0).
When summarizing the conference, basically all the speakers pointed out the importance of introducing this technology, which will significantly reduce the amount of electricity consumed and open the doors to the world of cryptocurrencies for a large number of new users.
While PoW still has many fans, every day more people recognize its shortcomings and realize that a different approach is needed. By partnering with Cross Staking providers, each user will receive good rewards for deploying PoW coins and also contribute to the eco-friendly development of blockchain technologies. If you want to receive passive income from your crypto assets with daily payouts and interest, go to the website of one of the providers: Prime Stake or Oreol Staking.
