𝐇𝐔𝐃𝐆𝐄 𝐆𝐋𝐎𝐁𝐀𝐋

As the cryptocurrency market expands, it creates opportunities for people all around the world to create, innovate, earn, and thrive. However, there is still a large education gap in the industry, especially for marginalized communities, which two well-known crypto enthusiasts are trying to decrease. Specifically, Twitter (NYSE: TWTR) co-founder and its former CEO Jack Dorsey and rapper Shawn Carter aka Jay-Z, have joined forces to fund The Bitcoin Academy, a program for residents of Marcy Houses – a public housing complex in Brooklyn, New York, where Jay-Z grew up, Dorsey announced in a tweet on June 9. The program was designed in collaboration with Crypto Blockchain Plug and Black Bitcoin Billionaire and “aims to provide education, empower the community with knowledge, and get rid of some of the barriers so that residents can learn more about Bitcoin specifically and finance in general” The Bitcoin Academy website states. Online and in-person crypto education According t...

1.      What is staking? Staking is the process of allowing users to earn a percentage rate as a reward for holding tokens that are put to work on the blockchain. Staking comes from the word "stake," referring to the sharing of profits and deriving a passive income from cryptocurrencies through a consensus mechanism called proof-of-stake or the PoS algorithm and its variations. The basic principle is that users can stake some of the coins held in their wallets to earn a percentage-rate reward over time. PoS enables these rewards since the blockchain is putting these tokens to work through transaction validation. 2.      What is the proof-of-stake algorithm? The proof-of-stake algorithm originated back in 2012 with the idea that holding a stake of tokens could be used to determine which node would be eligible to mine the next block. PoS refers to a cryptocurrency consensus algorithm that processes transactions and creates new blocks. In 2012, PPC...

                              HUDGEGLOBAL 1.        What are crypto staking pools? A staking pool is a tool that allows multiple crypto token holders to pool in their tokens, thereby granting the staking pool operator a validator status and rewarding all stakeholders with tokens for their computational resources’ contributions. For many crypto investors across the globe, the concept of a staking pool is rather unknown, and investing in one elicits skepticism rather than drawing hordes of investors to it. Yet, the overall concept of a staking pool is available on blockchains that employ a proof-of-stake (PoS) model and requires stakeholders to lock their crypto tokens in a specific blockchain address or wallet in return for an annual percentage yield (APY). These locked tokens are tethered toward developing the respective blockchain. In exchange, the blockchain provides stakehold...