(401 G.C. Video Series Wed. Aug. 31st, 2022) – as Proof of Stake replaces Proof of Work on the fly at Ethereum experts see exponential growth. The biggest hurdle for crypto has been using it for everyday purchases. Until now transactional crypto has been a failure but may be realized with Ethereum’s new Proof of Stake platform that uses considerably less energy, ( thus providing quicker transaction time ) and creates an interest – bearing asset in the process.
One of the the biggest knocks on Crypto has been it’s lack of producing a dividend or an interest payment to the holder. Banks employing this new , faster transactional technology will be able to charge a nominal rate of interest in order to underwrite the point of purchase, eventually including cash ATM withdrawals.
Game changer , new world money and transparent are words and phrases that have been used to describe this long – awaited development from the crypto world.
Posted by :
Jack Dempsey , President
401 Gold Consultants LLC
jdemp2003@gmail.com