Xcel Token

We often see Bitcoin and other cryptocurrencies like the Wild West : no rules, no social norms, only greed, selfishness and mining. This professed lack of law and order makes the crypto world scary to many people. Nevertheless, in reality, there are rules that govern decentralized peer-to-peer (p2p) networks such as Bitcoin . These rules are coded into procedures and deliver the framework for how contributors of a network interact with each other. They help us create a secure, trustworthy and valuable system, just like laws deliver a framework for a better society. Cryptoeconomics asks the question of how we can design these rules and incentives, so that the networks stay secure and create value for everyone. Cryptoeconomics uses cryptographic tools, game theory and economic incentives to achieve this goal. The Two Pillars of Cryptoeconomics Cryptography: techniques that keep messages secure Economic incentives : rules and rewards that encourage you to add value to t...

Cryptocurrency staking has become an alternative way for crypto investors to make money from the market. Staking of cryptocurrencies is usually possible by digital currencies using the proof of stake (PoS) and the delegated proof of stake (DPoS) consensus mechanisms. What is Proof of Stake? Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more  Bitcoin  or  altcoin  owned by a miner, the more mining power he or she has. What is staking in cryptocurrencies? Cryptocurrency staking is the act of hodling crypto in your wallet for a specific period, then earning interest as a result of that. Users receive rewards by hodling the cryptocurrencies, and the earnings differ depending on the length of time an investor hodl the cryptocurrency in their wallet. The longer the staking duration, the higher return an investor gets. Staking is used as a w...