Prime Stake and Oreol Staking - big conference in Denver

The long-awaited Cross Staking conference dedicated to cross-staking was held from June 11 to June 12, 2022, in Denver, USA. The organizers were: Owen Tao, the director of Cross Staking; Brian Yang, a leading specialist of the company; Anthony War, a chief architect; as well as other team members. Among the conference attendees were startups, investors, and experts in the cryptocurrency market.

Many topics were touched upon during the conference, but mainly the prospects of using Cross Staking for cryptocurrencies with Proof-of-Work (PoW) consensus were discussed. 

“Thanks to blockchain technology, the operations of market participants become transparent and understandable, but, unfortunately, today's obsession with PoW consensus only slows down the development of the industry. And the huge amounts of electricity that are needed to scale with this consensus forced developers to think about an alternative. Therefore, recently we have seen attempts to switch to Proof-of-Stake (PoS) - a more environmentally friendly alternative. Such a transition takes a very long time, which has already been proven by the example of Ethereum. That is why we created Cross Staking, a solution that will help the crypto industry forget about the factors holding back its development and continue active scaling and development,”

Lou Kerner, a member of the Advisory Board at Blockchain Co-investors, said during the opening.