How simple staking of cryptocurrencies will revolutionize the financial world and bring the #cryptoera closer?

8 min readJul 3, 2021

How simple staking of cryptocurrencies will revolutionize the financial world and bring the #cryptoera closer? / Phore Blockchain Review

We live in a world of innovation that happens fantastically fast. The invention of cryptocurrency and digital assets using blockchain technology is comparable to the discovery of fire, the wheel, electricity and the Internet. And of course, this will completely turn our world upside down and bring even more trust and mutually beneficial cooperation into it.

The future generation of children, adolescents, we and you will use all the revolutionary power of blockchain technology in everyday life, namely:

We will be able to transfer funds and assets at the speed of light (or electricity). And for this we no longer need any banks, since everyone will have a bank in their smartphone.
We will be able to cryptographically identify and confirm our identity for commercial partners and at the same time transfer information about our reputation or receive information about the reputation of our counterparty. This will reduce the level of fraud to values tending to 0.
We will be able to verify the quality of the product and confirm that it is real and not fake based on the supply chain through the blockchain.
We will be able to use self-executing smart contracts to enforce contract guarantees and secure transactions.
We will be able to create self-governing and self-funded organizations, clubs and communities.

But you will be surprised that the coolest innovation that will change the world is not this.

A new era of cryptocurrencies — cryptoera

Who Got Rich in the New Era of Iron?
Those who had the technology for the production of iron.

Who Got Rich in the Internet Era?
Those who had knowledge and skills in this technology.

Who Got Rich in the Smartphone Era?
Those who were the first to use smartphones.

Who will get rich in the #cryptoera?
Those who will have the technology, knowledge, skills in the cryptosphere and blockchain and the first users of cryptocurrencies.

Everything new is free!

We live in a super speed world where the people who have the edge win the competition.

Many people know the story of how one early #Bitcoin user bought 2 pizzas for 10,000 $BTC. Now the cost of these pizzas with a #bitcoin price of $ 60,000 is more than $ 600,000,000.

This story teaches us about how early investors underestimate the potential of innovative technologies and the importance of being the first to embrace these new technologies.

Many people know the story that the first social network MySpace did not become the most popular and lost the competitive competition Facebook. A similar story happened when the search engine Google became more popular than Yahoo.

Yes, the titans fall and cannot stay on Olympus forever.
It is possible that #Bitcoin will also lose its leadership to another cryptocurrency, which now costs less than $ 1.
But #Bitcoin is showing us the potential that such a new and better #cryptocurrency can achieve and surpass.

In the technological race of cryptocurrencies, #cryptocurrency users themselves will win the most. It is the first investors who will earn the most money by investing in new #crypto projects. Be among them and start mastering cryptocurrencies right now.

Just register on a #cryptocurrency exchange, study and select several promising #crypto projects and start investing in them.

The first #crypto investors will make the most money from their investments.
Be the first!
And take your place under the sun in the cryptosphere.
Because everything new is free!

It won’t take you long. Registration on the #cryptocurrency exchange will take no more than 5 minutes. And what can be done in 5 minutes is best done right now. This is what time management books tell us.

The best exchanges to buy cryptocurrencies:
Crex24

Graviex

Binance

You can read more about “5 ways to buy bitcoin and cryptocurrencies in a simple and easy way” in this article:
https://steemit.com/crypto/@komersreal/5-sposobov-kak-prosto-i-neprinuzhdenno-kupit-bitkoin-i-kriptovalyutu

Anyone with an internet connection can download a wallet app to their smartphone (such as the open source Unstoppable wallet) or download a wallet for their desktop. That is, in fact, the biggest barrier to using #cryptocurrency is your desire and access to the Internet. Having all this, you can already start making money on the Internet and receive payment in #cryptocurrency to your electronic wallets, but more on that later. And now we congratulate you, because if you got yourself electronic wallets for cryptocurrencies, then you automatically got into the rapidly growing club of Free and independent people.

Be Your Own Bank #byob

And now that we have everything ready, we can tell you about the coolest thing in cryptocurrencies.

What if we tell you how to become your own bank?
Yes, this is already a reality.

There are many cryptocurrencies based on Proof of Stake [#PoS — Proof of Stake] technology. And you can mine (stake in #PoS terminology) cryptocurrencies on a personal computer.
Once again, we draw your attention to the fact that you no longer need to have gigantic computing power to mine cryptocurrencies, cryptocurrencies based on #PoS technology can be staked on an ordinary home computer. It’s very simple, the more coins you have in your #crypto wallet, the more chances that the blockchain network will randomly choose your wallet to process a block of transactions in the network and pay you a reward for this.

It doesn’t take a lot of words here anymore, it takes more practice.

Become your own bank in 5 steps

1. Download the wallet of the #cryptocurrency you like. For example, the #Phore Blockchain #cryptocurrency wallet for a desktop computer can be downloaded from the official website of this #crypto at the link: https://phore.io/#wallet

2. Buy the desired number of coins of the selected #cryptocurrency on the #crypto exchange.

3. Send your #cryptocurrency coins from the exchange to your wallet at a long alphanumeric address (this works the same as a bank account number, only it is alphanumeric and is therefore usually called an address).

4. Encrypt your wallet using the password you have invented and save this password on a backup digital medium or write it down on paper. Since you are now a bank yourself, you are the only one responsible for the safety of your finances.

5. #Staking of the #Phore Blockchain #cryptocurrency should be enabled automatically. #Staking will allow you, like a bank, to earn #cryptocurrency by processing and conducting transactions of other people and receiving commissions for these transfers of cryptocurrencies.

Staking Phore Blockchain cryptocurrency on a personal computer / Staking Phore Blockchain

You can start making money on #staking with only 1 #Phore coin. The more coins you have, the more often you will receive #staking rewards. If you have, say, 3000 coins, then you will receive rewards on average once a day.

The advantages of being a bank yourself are obvious:

None of unauthorized people and organizations will be able to control and track your funds and transactions.
No one else will be able to freeze your funds in the bank or seize your accounts.
No one can devalue your money through inflation taxes and the printing of new money, as state central banks usually do.
No one can force you to tax and thereby take away your finances. You cannot tax something that cannot be measured and tied to an individual. Search for “taxation is theft” [ #taxationIsTheft ].
You regain the right to freely manage your money, as conceived by the mysterious creator of #Bitcoin, Satoshi Nakamoto.

Bonus. How to earn your first cryptocurrency?

The developers of the #Phore Blockchain cryptocurrency have foreseen and have already solved this problem. Now it has become very easy to earn #cryptocurrency.

If you were offered to buy shares of such marketplaces as eBay or Amazon 10 or even 20 years ago, would you agree to this without knowing what growth awaits them in the future? Maybe yes, maybe not. It is possible that it seems to you that there will no longer be such good #investment opportunities. But you are wrong. Just imagine a decentralized #marketplace where people from all over the world will buy and sell goods and services using cryptocurrencies. Have you presented?

We present to you one of the few working products in the cryptosphere for solving everyday problems in real life.
Meet the #Phore Marketplace — https://phore.io/marketplace/

Phore Marketplace, a unique decentralized cryptocurrency trading platform

Now you can collect unwanted items at home and put them up for sale on the #Phore Marketplace to earn #cryptocurrency for yourself. Remember that your unnecessary things are probably needed by someone. It is very convenient and thought out by the #Phore Blockchain developers.

The #Phore #crypto has a number of advantages over #Bitcoin:

1. Low commissions, less than 1 cent. Commissions on the #bitcoin network already exceed several dollars and even tens of dollars [see the commission chart on the #Bitcoin network here: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html], which is absolutely not applicable for retail (

Phore cryptocurrency has very low transaction fees on its blockchain network

2. Nearly instant transactions. You don’t have to wait tens of minutes like when transferring funds on the #Bitcoin network.

3. #Staking [mining] of #Phore #cryptocurrency takes place on a regular desktop computer. And this does not require huge computing power and high power consumption.

All these facts make #Phore #cryptocurrency more promising in the future than #Bitcoin.

Continue to explore and leverage all of the #Phore Blockchain #cryptocurrency innovations with us.
And a surprisingly exciting world awaits us ahead.
Join in!