Proof-of-Stake (PoS)

Proof-of-Stake (PoS): What it is and how to start mining ETH 2.0

As of July 5, 2022, there are two ways of mining cryptocurrencies: using Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms. These processes vary greatly in many ways. However, the extraction of digital assets with proof of ownership is gaining popularity every year. This fact is the result of the effectiveness of the consensus algorithm.

Cryptocurrency tax in the EU, USA, Russia and other countries.

Decentralization is one of the most important concepts in relation to cryptocurrencies. This indicates that the powers will be distributed among all owners of cryptocurrencies, and not between centralized websites such as banks and governments. Thus, according to some cryptocurrency users, bitcoin is in contradiction with the fundamental principles of decentralization, financial independence and Web 3.0. Since blockchain and cryptocurrency technologies are still in their infancy, there is no single method of regulation yet. However, the general idea is to pay taxes as you earn money, with the difference arising from the acquisition and disposal of digital assets.