A New Cryptocurrency: BitcoinPoS - Bitcoin Proof of Stake

A New Cryptocurrency to Revolutioneze Crypto World: BitcoinPoS - Bitcoin Proof of Stake

While Bitcoin (BTC) is the most popular cryptocurrency on the market, nowadays, it is quite difficult to invest in the coin if you do not have a higher capital status. Mining for Bitcoin is also an expensive venture, as the costs can get very high for hardware, its maintenance and updating. But crypto enthusiasts that missed out when BTC was at a lower price have a new opportunity of investment, Bitcoin Proof of Stake.

BitcoinPoS: A Better Bitcoin

Bitcoin Proof of Stake (BPS) is a new and improved version of the Bitcoin core, as it eliminates the issues faced by its Proof of Work consensus, with the new coin using the more efficient Proof of Stake protocol.

Bitcoin’s Proof of Work is the protocol that manages the issuing of new coins by verifying and approving new transactions. There are, however, some disadvantages when it comes to PoW, as it makes Bitcoin slower in processing times, less scalable, and more prone to centralization.

Bitcoin has many principles that are unique to the crypto world, and by adding Proof of Stake, BPS developers have created a coin which removes the limitations of PoW. Also, if any updates are made to the code of Bitcoin, Bitcoin Proof of Stake will be updated with these new changes.

There are variations of the Proof of Stake models, some more efficient than others. To benefit from the best security and make BPS as resilient as possible to attacks, the developers opted to implement the Mutualized Proof of Stake consensus. MPoS requires a lot of time and money from attackers if they want to breach the network, making it almost impossible for them to do so.

Issuing and Block Reduction

Like Bitcoin, BitcoinPoS can only have a maximum of 21 million BPS. Instead of creating new coins via mining, the BPS network uses staking (holding coins in an active account). In terms of supply management, the BPS protocol reduces the block reward by 25% every 700k blocks, once every 4 years. Bitcoin also has a supply measure that decreases the mining reward, with 50% at the same rate.

What Makes BitcoinPoS Special?

Encourages Decentralization

PoW mining is very competitive, and now it takes a lot of resources for a miner to get the block reward. In contrast, Proof of Stake networks allow users, or validators, to generate new coins by staking a certain amount of coins in an open wallet/account. Staking is considerably less demanding from a computing perspective, meaning users can easily get new BPSs without breaking the bank. Today, only huge mining companies are able to mine Bitcoin, excluding most of the individual crypto enthusiasts that might have wanted to participate. In the BPS network, all users can stake, which means that everyone can join to make the crypto stronger and more decentralized.

Resilience Against 51% Attacks

As a PoW network risks of becoming centralized, there is another security issue that can endanger the entire network. When a person takes control of 51% of the network hashrate, he can do whatever he wants on that blockchain and use all its resources to his own advantage. As BPS is a PoS-based system, the network has added resilience against 51% attacks, as the design of the protocol is based on decentralization, and the attacker would have to spend too much on an attack.

99% Reduction in Power Consumption

The staking process requires significantly less electric energy for producing new coins, consuming 99% less than the mining resources needed to generate a new Bitcoin. 

Friendly to the Environment

Mining Bitcoin is very detrimental to the environment, but as staking Bitcoin PoS requires only a fraction of the energy and resources for mining, it makes BPS greener.

Staking Is Easy and Accessible to Everyone

Many people do not have the funds or the space to buy and house ASIC mining rigs. However, those who own laptops or desktop computers can use it to stake BPS without extra costs.

Bitcoin Proof of Stake (BPS) is the second chance for those that came too late to invest in BTC, as it features the advantages of the world’s number one coin, with the added improvements from its Proof of Stake integration.

Staking on BitcoinPoS - Getting Started   

Staking on Bitcoin Proof of Stake is a simple way of earning passive income. It requires minimal hardware coupled with low electricity costs. Here's how you can start staking BitcoinPoS coins on the blockchain and earn passively. 

  • Download Wallet- The first step is to download the BitcoinPoS wallet for Windows, Linux, and Mac OS X
  • Purchase BitcoinPoS- After downloading the wallet, the next step is to purchase BitcoinPoS from your preferred crypto exchange. BPS has been listed in Coin Tiger,Finexbox and Bilaxy crypto trading platforms.
  • Stake Coins- Staking BPS is quite easy and straightforward. Anyone with a computer and a minimum amount of BPS in his wallet can stake. However, if you don’t want to stake on your own and leave the wallet open to generate the rewards, you can use one of the staking pools, which support BPS: StackofStake or MyCointainer. The team is also working on the cold staking feature that should be released in the nearest future. 

Earn Rewards- After staking, start earning rewards based on the amount of staked BitcoinPoS. The rewards are calculated using the MPOS algorithm.

While Bitcoin Proof of Stake uses a proof of stake mechanism, the Bitcoin PoS still keeps up with upgrades to the Bitcoin network. Any upgrade made by the developers are added to the Bitcoin PoS blockchain. Today, the coin is tradable on crypto exchanges; it has a market price of USD 89.07 according to data on CoinMarketCap. It has a market cap of $308,995,384 and it is ranked at 40 by market cap in the world but actual raking on coinmarketcap.com is 205 because of their raking systems.

New listings on different platforms and exchanges will come.

Visit Bitcoin Proof of Stake at: https://www.bitcoinpos.net

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South Coast Improvement Company Wins Bid Renovate Iconic Hood Milk Bottle

Boston, MA and Marion, MA, Aug 5, 2020 -- South Coast Improvement Company (SCIC), a design-build general contractor serving New England and the Mid-Atlantic states, was recently tabbed to renovate the iconic Hood Milk Bottle that stands between the Children’s Museum and Fort Point Channel at 308 Congress Street in Boston. The project was awarded to the Marion, MA. -based company in July and will begin in early August.

In its 50-plus year history, the historic Hood Milk Bottle, which stands 40-feet high and 20-feet wide, served as an ice cream store in Taunton, Mass. before being purchased by Hood and transported to the Children’s Museum in 1977. South Coast Improvement will give the facility a much needed facelift to better withstand the conditions in Fort Point Channel, in addition to a complete renovation of the interior.

“The Hood Milk Bottle is one of Boston’s Top 10 landmarks and is an actual historic landmark to boot. That calls for a renovation that utilizes historical products,” said Tom Quinlan, president of South Coast Improvement Company. “We’re honored to have been selected to revive this icon and can’t wait get started.”

The architect for the project is Wessling Architects of Quincy, Mass. The project includes stripping the exterior down to the frame and installing new insulation, sheathing, siding, windows and doors. The interior will receive new plumbing, HVAC, and electrical, as well as a makeover so the facility can once again serve ice cream.

Funds for the project were donated by Hood’s owners as a gift to the Children’s Museum.

“Hood is proud of our longstanding partnership with Boston Children’s Museum and look forward to the restoration of the iconic Milk Bottle,” said Lynne Bohan, vice president of communications at HP Hood, in a statement.

A completion date is set for early fall.

About South Coast Improvement Company:
Based in Marion, MA. with a satellite office in Reading, PA, South Coast Improvement Company is a recognized leader in providing building and renovation services to a client base of senior living, healthcare, education, hospitality, institutional and retail clients located along the Eastern Seaboard. South Coast Improvement Company’s services include: Preconstruction analysis, Construction Management, General Contracting, Design/Build services, Capital Improvement, Building Envelope Improvements, and Interior Renovations.

For more information, please call 508-748-6545 or visit http://southcoastimprovement.com/.

Media Contact:
Steven V. Dubin, PR Works
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781-582-1061

The Reimagined Role of Technology in the Time of COVID

We are now into month five of being a ‘work from home’ world, something that managers and HR departments alike probably never thought possible before COVID-19. Business teams have adapted, ensuring connectivity to drive performance and re-building office culture via happy hours and virtual meet-ups. As business leaders, we are in varying stages of readiness and response but what is for certain is that we’re all moving at one speed – fast(er).

This catapult into virtual working has laid bare for businesses just how effective their technology landscape is – or isn’t. Instead of systems planning being one of many business needs leaders are weighing, the need to upgrade technology is now more clearly an existential imperative. It is a seismic shift, and hopefully it also now serves as a catalyst to put technology at the forefront of business strategy.


Transformation by COVID

For asset finance companies that still maintain high-touch, manual processes, this experience has likely been more difficult to navigate. They have no doubt been reinventing processes to be able to work as distributed teams but may not have the ability to leverage technology to accelerate or bring efficiency to these changes. What if they still require paper documents to be executed for origination? Will they now be amenable to e-signature to accelerate time to funding? As a more complete solution, they may now be considering a customer-facing portal to more fully automate the management of not only the initial sale, but the entire customer lifecycle.

In today’s market, the first instinct may be to throttle capital expenditures - but now is an optimal time to reevaluate your systems and migrate off legacy products that are holding you back.

Investing in a core technology platform will allow you to consolidate all your disparate systems and be better positioned for business agility. Are you still maintaining separate front and back end systems? Do you have a high vendor dependency to get changes made? That’s legacy thinking. You can bring efficiency to your operations and reduce cost by implementing a more modern solution, and you can also be better positioned to adapt to the changing landscape of business – newer models like pay-per-use.

At Odessa, we have invested in transforming the Odessa Platform to adapt ahead of the industry, enabling us to now be the preferred technology solution for managing pay-per-use models. It’s certainly even more attractive now with COVID-19 impacting business confidence, but it’s also the natural economic evolution we’re seeing anyway. Partnering to onboard this functionality now is a strategic decision to be a disruptor, not the disrupted.

The one constant as we navigate the impact of COVID-19 – is change. There is real, material economic impact that necessitates swift action to be able to navigate these unprecedented circumstances successfully. We are in regular conversation with our customers, lessors who are impacted, about how they need to evolve quickly to better serve their customers through crisis. This means adapting to handle negative interest rates, facilitating the suspension of late fees, and managing restructures as a response to deferred payments. As their technology partner with the Odessa Platform, we enable our customers with the agility to adapt their processes and workflow to meet the needs of this ‘new normal’ so they can deliver value.

While none of us are Nostradamus, there does seem to be a collective understanding that the face of work will look different tomorrow than it did yesterday. As a business leader, that’s a difficult thing to grapple with – but it’s also an opportunity. It’s an opportunity to reimagine how we work and what role technology plays in our brand story and value proposition.

 

 

Texas Benefits Consultant Discusses Benefits Of Outsourcing HR Functions

Dallas, Texas (release-news) August 5, 2020 - A Texas benefits consultant at BenefitCorp recently created a blog educating companies on why they should consider outsourcing HR functions. Human Resources involves complex processes and can consume a lot of time for companies. Modern businesses, especially smaller businesses, are choosing to save time and money by outsourcing functions.

The blog begins by listing which tasks are best for companies to keep internal. These usually include talent development and recruitment, employee relations, succession planning, capital strategy planning and compensation design and delivery. Recruitment handled in-house works for targeting specific candidates for specific roles, however for larger companies hiring large amounts of new personnel to scale quickly, outside benefits consultants can help.

The best HR functions to outsource are those that require dedicated staff, time and resources to fill. These most often include temporary staffing, relocation, drug screening and background checks. Any task that does not affect the day to day operations is best outsourced. There are some regular tasks that can also be outsourced to reduce the workload for small businesses, such as payroll, coaching and updating policy manuals to be compliant with harassment policies.

Professional Employer Organizations, or PEOs, are popular and smart fits for small businesses. PEOs can handle benefits, payroll, compliance, workers' compensation and much more. Hiring a PEO consultant allows business leaders to focus on growing their business and managing the day to day activities. Additionally, good PEO consultants are able to negotiate competitive benefits and health insurance and provide access to licensed HR attorneys.

Hiring PEO consultants and benefits consultants has become a growing trend for small businesses. Managing the minutiae of HR policies can distract business leaders from growing their businesses and having professional help allows them to scale quickly. For more information about the benefits of outsourcing HR functions, or to speak with an experienced PEO consultant, reach out to the HR professionals at BenefitCorp. Contact BenefitCorp at (972) 737-7875 or visit their website at https://benefitcorp.com.

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Colorado Pediatric Hospice Discusses Support For Kids In Pediatric Palliative Care

Englewood, Colorado (release-news) August 5, 2020 - Kids Care of the Rockies, a Colorado pediatric hospice, recently released a blog discussing support for kids in pediatric palliative care. Entering palliative care can be a difficult and emotional time for children and their families, and the support of a wide range of specially trained professionals can help ease the transition.

Pediatric palliative care provides all the resources necessary when caring for a child with a life-threatening illness. As the child receives curative treatments from their doctors, the palliative care team provides them and their families with helpful services that can make everyone feel more comfortable. This takes the patient's mental and physical well being into consideration and can include pain management support, counseling services, and other types of therapy, all of which are tailored to the child's age and condition. Families also benefit from access to their own emotional and spiritual counseling services.

The pediatric palliative care team is made up of a number of trained professionals who have experience in supporting children with serious illnesses. Social workers help families manage the many facets of palliative care, including financial considerations, and connect them to important resources. Nutritionists ensure that pediatric patients are on the right diet, which can change based on the child's condition and how food interacts with their body as their disease progresses. Children and their families can both benefit from the support of chaplains and the spiritual guidance they can provide, while art and music therapists offer patients a safe and creative way to manage their emotions. Throughout the process, child life specialists explain procedures, diagnoses, and other important information in an age-appropriate way to patients and their families. With the help of these professionals, you and your family can gain valuable guidance and support that can improve your quality of life as you manage your chld's treatment.

Reach out to Kids Care of the Rockies for more information about pediatric palliative care services and to determine whether your family qualifies for this type of support. Kids Care provides customized palliative care to children and families dealing with life threatening illnesses, with dedicated and professional care teams assigned to each one. Kids Care can be contacted at 303-416-6377 and is headquartered at 750 W. Hampden Ave., Suite 280, Englewood, CO 80110.

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