Home Technology Celsians Love ADA because It Uses the Pioneering Proof of Stake Technologies

Celsians Love ADA because It Uses the Pioneering Proof of Stake Technologies

ADA PoS

When ADA? There’s nothing we like more than hearing Celsians rave about a project that uses pioneering, proof-of-stake technologies to provide security and sustainability.

Critics were like: You mean years behind everyone else, on everything other than paying YouTube marketers to boost price?

Clarify the behind part please. I’m very curious to know, if you actually have anything to work with or just another emotional maxi fudding.

Not to mention the 10k plus native assets on Cardano, millions in transactions a week, 5 million Ethiopians being on boarded via Atala Prism with 30 million more over the next 3 years! Smart contracts in September. But please go ahead with this tired old statements.

When ADA?  It’s always when ADA these days?  Most do not understand what is happening. Blockchain will change the world. Largest taxi company doesn’t own a car (Uber), one of the largest “hotelS” does not own a building (AirBNB).

Alex Mashinsky, CEO Celsius Network at the Live AMA of the Bittrex Global team “We wanted to make sure that with this new invention called the blockchain, the open ledger, we don’t take the worst thing out of Wall Street and bring them to the blockchain, but we bring the best thing, the secrets of how to make money, how to create yield, bring that to everybody, democratize that to everybody, in the same way that I helped bring Voice Over IP and make everybody use that basically for free.”

He recalled how in the beginning years how people exactly copied what is exactly there in Wall Street. Wall Street has all kind of Arb and trading, they copied that as well. And, they created perpetual swaps and all kind of other tools that may not be necessarily acting in your best interest.

Alex Mashinsky stated their mission was to build a bridge between the centralized world and the decentralized world. “We decided to focus on yield. Creating yield and earning yield in cryptocurrency. So, Celsius was the best company anywhere to offer you Bitcoin on Bitcoin. We pay 6.2%.  You can earn 10.5% on stable coins and today we support 45 different assets.  We have paid over 300 million dollars’ worth of interest to our half a million customers.”

One User:  Alex is brilliant. I’m proud to be a part of the Celsius platform by putting my spare crypto in a place that I can trust and actually get paid weekly. This guy is the O.G. of DeFi, and the Celsius Network just gets better and better each month.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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