Burnt At The Stake: Why PoS Cryptocurrency May Leave You Feeling Taxed

The attraction of Proof-of-Stake (PoS) cryptocurrency of earning annual rewards may be a fallacy and a tax burden, concludes BitGo’s Ben Davenport. The Attraction Of Proof-Of-Stake Is A Fallacy BitGo and Beluga co-founder, Ben Davenport, has just published a report examining the effect of taxes on PoS tokens. He makes stark conclusions regarding the taxman’s […]

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Cosmos Mainnet Officially Launched – What’s All the Hype About?

Underscoring the fact that blockchain development takes time, after five years of work, Cosmos launched its mainnet yesterday. This leads to an important question–what is Cosmos anyway? What Is Cosmos? A project developed under the premise that there should be as many blockchains as there are internet applications. The focus is on delivering the industry […]

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‘Ethereum 2.0’ PoS Blockchain Aims to Cut Energy Use by 99%

Ethereum not only hopes to maintain its position as one of the world’s largest cryptocurrencies but also to achieve supremacy by becoming more energy efficient. Ethereum leadership plans to accomplish this objective by minimizing blockchain energy consumption by 99 percent. ‘Ethereum 2.0’ PoS Blockchain Being Built From Scratch Vitalik Buterin, inventor and co-founder of Ethereum, […]

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