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Alexei Muratov and Ruben Fisherman summary of "Blockchain & Bitcoin Conference St. Petersburg »

Recently, representatives of the International Public Movement "Change the World Together" took an active part in a large-scale blockbuster conferences in Moscow, India, and Kazakhstan.

On June 22nd 2017, CWT took part in another large-scale event dedicated to Blockchain and crypto currencies. The conference was held in St. Petersburg under the title "Blockchain & Bitcoin Conference St. Petersburg". The event gathered not only the participants of the projects based on Blockchain, but also - entrepreneurs of the IT industry, representatives of banks and many more who turned their attention to the world of crypto-currencies, innovative services and decentralization in the economic sphere.

The results of the conference were summed up by “CWT” Chairman Mr. Alexei Muratov and crypto-pirate Mr. Ruben Fischerman (the last meeting of colleagues occurred at Blockchain conference “Digital October”).

Ruben Fisherman: Good afternoon, friends. We met Mr. Alexei Muratov at this wonderful blockbuster conference in St. Petersburg and decided to understand what's more attracting: investing into crypto currency or mining of crypto currency. Alexei will tell from the side of mining, and myself - from investment point of view.

Alexei Muratov: Well, probably, from the side of mining it will be difficult for me to tell, because I am a supporter of PoS-technologies.

Ruben Fisherman: Could you please tell us what is PoS - for the "unenlightened", those who don’t know it. What is the difference between PoW and PoS?

Alexei Muratov: Just imagine the same thing, when you do not have to do an unnecessary job.

For example, imagine, there are coins on the table. I’m representing the PoS (Proof-of-Stake), so I will simply approach the table and take the coins, and you, who is representing PoW (Proof-of-Work), will have to do squat 100 times before taking the coins. Then again, I come and take 150 coins without doing anything, and then you do squat 150 times squats, because, the work gets more complicated. I'm taking it again, and you're already doing 200 times and so on and so on…

Therefore, dear friends, the opinion of CWT community: the future is behind the technology of "Proof of stake". And this unnecessary mining equipment, I think, will soon go down in history. Those crypto-currencies that will not be restructured also become risky and will go into history.

Ruben Fisherman: I can share my point of view about this story. Of course, it is not as radical as that of Alexei, but I believe that recalculation of the "garbage" hash (that is, the calculation of "garbage" functions) is at least inhuman from the point of ecology. Because, in order to produce electricity, it is necessary either to burn coal, or build a dam, or something else ... Accordingly, this energy goes away. Therefore, I think that in the nearest future there will be a certain blockchain, which will load the mining capacities with some useful calculations and tasks, and the coins will be given for these tasks. So let's see what kind of opinion will win. Therefore, I agree with Alexei that this is not a dead-end and it will soon be replaced. Probably with PoS.

Alexei Muratov: I have a counter question. And how do you feel about the fact that every day more and more people start investing into crypto currencies, using them as a means of payment?

Ruben Fisherman: My point of view is that doing it without any special knowledge is extremely risky. First, it is unclear what kind of coin to invest into, and second, it is not clear how to work with a wallet - that is, you can lose your password and lose all the money (there is no technical support in most crypto currencies), third, you need to have certain knowledge about the safety of your wallets and certain understanding of what kind of market it is. Therefore, if someone has a lack of knowledge, or lack of self-confidence, you can visit INBITCOIN.CLUB web-site and get education there as part of investment in crypto currency and trading.

Alexei Muratov: My dear friends, we will meet at the next conference. Come in, read the CWT.TOP website, the ideology of the CWT movement. I'm sure that we will change the world. I am confident that we will build a new, decentralized financial system! See you next time!

Ruben Fisherman: By the way, a very good community. I myself am present in it, I recommend it to everyone.

Non-costly mining of crypto-currency PRIZM.

It is method of mining "Proof of stake", so widely discussed today, on which innovative crypto currency PRIZM is based. More information about PoS is provided below:

To date, there are more than 1000 different crypto-currencies in the world. The total market capitalization of the crypto currencies has already exceeded 100 billion US dollars. Lately there has been an explosive growth of interest in the subject of mining of crypto-currencies and earnings on the exchange trade.

Mining of cryptocurrency is a costly business, as it requires the purchase of expensive equipment and payment for electricity. In connection with this fact, the world's miners have a stable tendency to switch from energy-consuming crypto-currencies based on PoW (Proof-of-Work) technology to currencies operating on environmentally friendly PoS (Proof-of-Stake) technologies that do not require the use of specialized equipment for mining.

A bright representative of PoS technology is the PRIZM crypto currency, the mining of which takes place according to the principle of "remuneration for storage". The average exchange value of the PRIZM crypto currency according to COINMARKETCAP.COM data is around 1 US dollar.

Автор: Александр Пашков

  • June 29, 2017 4:18 PM MSK