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Cryptocurrency

Ontology Gets Added to BigONE’s PoS Mining Pool

The BigONE crypto trading platform has announced the addition of Ontology (ONT) to its Proof-of-Stake (PoS) mining pool.

BigONE is the next-generation trusteeship platform created by blockchain professionals for crypto trading and crypto asset trading. BigONE has taken it upon itself to create a trustworthy infrastructure in light of recent security violations and political issues or risks experienced by other markets. BiGONE helps users to find high-class trading experience in crypto assets all around the world.

BigONE uses both a verification and notification combination; we maintain hot and cold wallets separately, use multiple signatures, and monitor the working status of wallets and coins in real time. BigONE relies both on robust technology and on rigorous operations at various level in order to prevent risks, protect asset security for users and strive to be the most secure blockchain asset trading platform in the world.

The Proof-of-Stake means that a person can track transactions by measuring or validating how many coins he or she holds. The more a miner owns Bitcoin or Altcoin, the higher the mining power it has.

In the PoS rule, if the user wants to produce a block, the stakeholder must always be online. This can cause energy consumption and the risk of hacker attacks by constantly hanging on the network computer. This disadvantage is reduced by the staking pool. It ensures a properly controlled foundation and flawless securing of block production. There’s nothing the coin holder must worry about.

In order to build an open-source and collaborative distributed trust ecosystem, Ontology was created. Ontology is a multi-chain public platform. Building an ecosystem of confidence is key to the development of Ontology, in particular in technology, applications, and governance. However, it is an enormous and difficult task to establish the trust ecosystem.

The addition of Ontology to the BigONE PoS mining pool comes as good news to its users as this collaboration makes mining easier for all its users.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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