3/16/2021 0 Comments
Harmony has connected to Ethereum bridge for months, and it faces big hurdles for users to literally use it. Why? Gas fees! It takes crazy high gas fees to bridge between ETH mainnet to Harmony(ONE) mainnet.
Being able to bridge #BSC tokens ecosystem or you know it as BEP20 that means you will now pay cheap fees thanks to #BSC
Binance Coin(BNB) mainnet.
Cryptocurrencies pay people to secure their networks. The most prominent symbol is Bitcoin (BTC), which uses a Proof of Work (POW) mining algorithm. However, mining permits downsides like high energy consumption and technological difficulty (buying and setting up ASICs demands some technical knowledge). Both of these factors can discourage would-be miners from mining crypto.
Staking is an alternative consensus mechanism (way to verify and secure transactions) that allows users to generally secure crypto networks with essential energy consumption and setup.
Cryptocurrencies pay individuals to achieve their networks. The most prominent example is Bitcoin (BTC), which operates a Proof of Work (POW) mining algorithm. However, mining has downsides like high-energy consumption and technical difficulty (buying and setting up ASICs requires some technological knowledge). Both of these factors can dissuade would-be miners from mining crypto.
Staking is an alternative consensus mechanism (way to verify and secure transactions) that provides users to generally secure crypto networks with minimal energy utilization and setup
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