October 19th, 2018 at 9:16 am UTC · 2 min read
With its launch on November 30, BITTO will be the first public cryptocurrency exchange to validate crypto transactions using the Proof of Stake protocol to offer its customers passive income from staking.
The current means of validating most cryptocurrency transactions is through mining, or Proof of Work. Nic Chin, Co-Founder & CEO of BITTO Exchange, says:
“Industry dialogue on Proof of Stake (POS) vs. Proof of Work is clear on the advantages of POS. POS is a far more sustainable and cost-efficient approach compared to the computationally-intense Proof of Work that requires enormous electric power and specialist processing.”
BITTO is designed to provide customers a secure system for all their cryptocurrency transactions, along with a unique opportunity to acquire a share in the vital infrastructure which underpins the emergent cryptocurrency industry.
In less than five years, the variety of cryptocurrencies offered to investors increased from 40 to 1,2732 – a 3,083 per cent increase.
“Owning a part of the exchange infrastructure will enable our customers to benefit from this growth without assuming risks of any individual coin. BITTO customers can earn passive income from staking with only a computer and a Ethereum based cryptocurrency wallet.”
The BITTO token is the primary value transfer medium for users in the BITTO community. Tokens can be purchased now at http://www.bittoexchange.com/ to receive pre-launch benefits. Token holders can start to receive passive income from staking as of the September 18th 2018.
On the BITTO exchange users can buy, sell or trade any cryptocurrency through a single point of access. The exchange offers a convenient user-centric platform that includes staking, signal trading, a referral program, smart trading, ICO discounted rates, safe security for trading and deposits in local currencies.