Cryptosmart Adds Cryptocurrency Exchange Service

Cryptosmart, the most innovative cipher exchange The 100% Italian company launched a staking service, which makes it possible to profit from the cryptocurrencies owned by the user by managing all the daily technical processes that characterize the staking activity, thus creating a simple and intuitive system. service mask It allows Cryptosmart users to make their cryptocurrency available to participate in the proof-of-stake mechanism used by the blockchain network to verify transactions and register a “new block.” Cryptosmart users will then get the reward generated by this activity. Cryptosmart, on behalf of the user, with its high level of technical knowledge and its technological components, will manage the nodes of the blockchain in the most effective way to increase the production and validation of blocks. It will be possible to buy ETH 2.0 (Ethereum), ADA (Cardano), and DOT Coin (Polkadot).

What is staking and how does it work? – Staking is a process that allows you to earn rewards by participating in the production and validation of new blocks of the blockchain. This procedure makes it more secure and efficient, and allows you to earn new digital currencies directly from the blockchain. Usually, the block is attributed directly from the blockchain to each of the last node that performed the correct validation of the corresponding block. If the contract accepts a deal that is not in good standing, then it is deprived of part of its share; For this reason, they are eager to accept only valid transactions. Cryptosmart provides an IT service that allows clients to manage blockchain nodes allowing for optimization of production and validation of blocks.

In order to become auditors, so in order to be able to store cryptography in complete independence, it is necessary to have some high level technical knowledge. You need to know how to create a node on the device, synchronize the node with the blockchain, and sometimes, it is necessary to invest in technology to be able to support the node with enough cryptocurrency to reach the bottom line. Cryptosmart does all this for its clients. On the one hand, the client allows the company to participate, produce and verify blocks on his behalf, and on the other hand remains the owner of his tokens and continues to share in the benefits of the blockchain. The advantages of staking come from the blockchain, which makes cryptocurrencies generate and validate new blocks of the blockchain. Cryptocurrencies that allow for storage use Proof of Stake, a kind of ‘consensus mechanism’ that provides an important guarantee: that the transactions executed are safe and valid without the need for other intermediaries. The cryptocurrencies available for storage are: ADA (Cardano), ETH 2 (Ethereum 2.0), and DOT (Polkadot).

Participate in the production and validation of new blocks of the blockchain – For Hodlers who plan to stay in the crypto ecosystem for a long time, it is now possible to modify the wallet with cryptocurrencies for the benefit of the blockchain, thanks to Cryptosmart and an IT service that allows the technical aspects of the storage to be managed. PoS (Proof-of-Stake) allows the production and validation of new blocks from the blockchain and ensures their security. Cryptosmart’s computer system is really easy to use. By betting for a week, the blockchain assigns a new cryptocurrency to a customer based on the type of cryptocurrency owned and how much it is used in storage, reciprocating in the production and validation of new blocks. For each week spent laying out cryptocurrency, on the following Saturday it is possible to notice the value of the benefits that are brought to the blockchain (in relation to ADAs, their rewards are distributed every five days). It is possible to change the use of cryptocurrencies so that you can dispose of them at will (however, this does not apply to stacked ETH. These remain in staking until Ethereum switches to PoS).

Frequently Asked Questions – To start the storage activity on Cryptosmart, it is necessary to follow three steps: buy or send one of the cryptocurrencies on the company’s website to the wallet on Cryptosmart; Click “staking”; Choose your preferred cryptocurrency and then click Share. To install on Cryptosmart, you need to buy cryptocurrency on Cryptosmart, or simply transfer cryptocurrency already owned from your other platforms wallets to those of Cryptosmart. The bonus period is weekly for each cryptocurrency and runs from Saturday to the following Friday. Instead, the new cryptocurrency will be distributed by the blockchain on the following Saturday. As for the accumulation of new cryptocurrencies, their total is divided in proportion to the share of all those who pegged the cryptocurrency throughout the week. For other frequently asked questions, visit the site to get all the answers.

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