Bitcoin and Ethereum are the two pioneers of blockchain technology, but do you know what the difference is between them? If you’re wondering about the differences between Proof-of-Work and Proof-of-Stake, join us as we discuss the two industry giants and introduce Caged Beasts (BEASTS), a new up-and-comer project with style and earning opportunities.
Pioneering Blockchain Technology: Proof-of-Work Vs. Proof-of-Stake
Bitcoin (BTC), introduced in 2009, is the trailblazer that ignited the crypto revolution. Its only purpose is to serve as a decentralized digital currency and store of value. Unlike Ethereum (ETH), a decentralized software platform with a native currency, Ether, that is primarily used to pay fees and power the various DApps operating on the Ethereum blockchain.
Bitcoin introduced the groundbreaking concept of blockchain technology; using what is now called a proof-of-work consensus mechanism. It awards those who contribute to the blockchain by verifying transactions by solving complex cryptographic problems. On the other hand, Ethereum pioneered proof-of-stake which allows users to verify transactions based on how many tokens they have staked, which uses far less computing power and is thus quicker and more energy-smart.
Bitcoin VS. Ethereum: Gold & Silver:
With a market share of 39.6% and a market cap of $376.5 billion, Bitcoin’s reputation as digital gold remains strong, solidifying its status as an asset by maintaining the scarcity of its token. Ethereum is compared to silver not just because it is the second most valuable coin, but because, like silver, it possesses additional utilities such as smart contracts and decentralized applications.
While Bitcoin paved the way, Ethereum (ETH) advanced blockchain technology. Launched in 2015, Ethereum’s blockchain enables developers to build and deploy DApps, providing secure and transparent solutions for various industries. With a market share of 18.8% and a market cap of $818.8 billion, Ethereum continues to spearhead innovation in the crypto realm, by enabling other tokens to build their foundations on its blockchain like Tether (USDT), Polygon (MATIC), Shiba Inu (SHIB), and Caged Beasts (BEASTS).
Caged Beasts: Earning In Style
Now, let’s shift our focus to the captivating new project known as Caged Beasts (BEASTS). Emphasizing community and decentralization, Caged Beasts is a meme coin cryptocurrency that breaks the mold by infusing science fiction and cyberpunk aesthetics to produce its own unique style. However, what truly sets Caged Beasts apart is its unique referral system; by allowing users to create personal referral codes, they can send these codes to friends to refer them to the project. And when one of these friends buys tokens using the referral code, they will receive an extra 20% of the number of tokens they had purchased as a welcoming gift, with 20% of their deposit (USDT, ETH, or BNB) going to the referrer as a reward for helping the project grow.
Caged Beasts takes a creative approach to the presentation of its presale, by releasing a new Beast character to commemorate each new stage of presale. The first stage was kicked off by unveiling Drake, a chameleon, a master artist, and a master infiltrator. Drake will start off as an egg and as the presale stage progresses, he will mutate to reflect that, as will the other Beasts once they are unveiled.
Bitcoin and Ethereum have revolutionized the world with blockchain technology, each with its distinct purpose and impact. While Bitcoin’s Proof-of-Work mechanism allows for mining without already having coins to stake, Ethereum’s Proof-of-Stake is far quicker, requires less computing power, and is more environmentally friendly. And while gold and silver never go out of style, not everyone can afford their initial investment so they invest in start-up projects like Caged Beasts. To start earning USDT for referrals, visit Caged Beasts’ website today and buy the presale to generate your personal referral code. Happy Earning!
Caged Beasts: Join The Revolution!
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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