GridX is a decentralized finance (DeFi) project that has recently gained attention in the cryptocurrency world.This project aims to address some of the issues that have plagued the DeFi space, such as high transaction fees, low transaction speeds, and limited scalability. GridX is built on the BSC blockchain and uses a unique consensus algorithm called Proof of Space-Time (PoST) to achieve its goals. One of the main features of GridX is its use of PoST, which is a variation of the Proof of Stake (PoS) consensus algorithm. PoST is designed to be more energy-efficient and faster than traditional Proof of Work (PoW) algorithms, which are used by cryptocurrencies such as Bitcoin. With PoST, users can stake their GridX tokens as collateral and receive rewards in proportion to the amount they have staked. This incentivizes users to hold onto their GridX tokens, which in turn helps to stabilize the price of the currency. Another key feature of GridX is its focus on scalability.

GridX Ecosystem

GridX is a decentralized finance (DeFi) project using unique Proof of Space-Time consensus algorithm.

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Quick Take Over the past half-year, a notable divergence was observed between Bitcoin and the prices of Bitcoin mining stocks. However, the past fortnight has witnessed a remarkable turnaround in this trajectory. Bitcoin has appreciated by a modest 5.37%. Here’s how various Bitcoin mining stocks have performed: Bitcoin Miner % CLSK 65% IREN 42% MARA […]
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CryptoSlate

Bitcoin miners outshine Bitcoin in market rebound

Quick Take CryptoSlate’s recent analysis has highlighted a growing divergence between Bitcoin miners and the spot price of Bitcoin, hypothesizing a link to the upcoming halving event next year. Intriguingly, this trend seems to echo in the world of precious metals, gold, to be precise. The spot price of gold reached $2,000 this week; this […]
The post Bitcoin and gold show similar trends as miner shares fall behind spot prices appeared first on CryptoSlate.

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Bitcoin miners outshine Bitcoin in market rebound

Bitcoin and gold show similar trends as miner shares fall behind spot prices