Since its beginnings, the path of cryptocurrencies has changed as technological improvements have taken over their operation as well as the Blockchain. Eleven years ago, only the power of our personal computers was enough to mine Bitcoin (BTC), the first and main cryptocurrency, since a few satoshis were enough to make the crypto world dance, now it is necessary to have high technological capacity farms, with mining equipment capable of solving at high speed the algorithms necessary for digital currencies to jump into the virtual world.
Evidently this technology is very expensive and with each halvin it will become more complicated to extract the Satoshi necessary to integrate them to the wallets of the world. Being digital mining or Proof-of-Work (PoW) an activity basically for large investors, another much less expensive and energy-saving way arises, where it is not necessary to make use of expensive devices to generate income in cryptos, I refer to the method called Proof-of-Stake (PoS).
The projects or tokens that resort to PoS to generate their cryptocurrency ecosystem are based on structures that reward the possession of tokens in wallets, so that large mining farms are not necessary for the functioning of the ecosystem of these cryptos. However, it is required to invest fiat money to acquire any of the tokens that use these methodologies, constituting an obstacle for those who do not have the necessary capital to enter this world.
capital necessary to enter this world.
In the face of the supremacy of PoW and PoS, a third option is beginning to open up in which it is not necessary to invest money in high-tech equipment or in possession of cryptocurrencies, it is simply necessary to have the ability to create content to generate income, I am referring to the so-called Proof-of-Brain (PoB). In the PoB modality, you can obtain cryptos either by curating other authors' creations or publishing your own, so that people's originality feeds the ecosystem.
The case of #hive and #leofinace is particularly relevant, since these social networks generate rewards with their own crypto called Hive, or in the case of Leofinance a token associated with Hive called LEO. Evidently PoB requires the participation of many authors and curators to strengthen its cryptocurrency token, since the more people are included in the social network the more likely the cryptocurrencies with which payments are made will increase in value.
In the case of Proof of Brain, the token associated with Hive, it is presented as a promising space within the ecosystem of this large social network, in the sense that it intends to follow in the footsteps of BTC, in the sense that it is of limited issuance (unlike Hive, which is unlimited), which implies the possibility of increasing its value as the PoB tokens run out. This is very important because this methodology is a very powerful tool that has made the LEO token in Leofianace the most attractive in the Hive ecosystem, which has taken it from being worth pennies to surpassing the US$ 1 price in the short time since it started this project.
This is an important virtue when betting on a project. While Hive imposes a lot of interest in its project for the fact of monetizing your publications, the reality is that the price of crypto remains unattractive, although it has increased compared to last year which averaged 0.2 cents (today 0.4), it does not motivate its users much to participate with their publications if the rewards generated do not seem attractive if we consider other tokens in the same ecosystem.
I believe that PoB has many challenges ahead, surely the Hive communities and especially the one that lives in Leofinance will find it attractive to publish their writings in this space, hoping to increase their resources as we monetize our ideas. These communities where words generate money will always be attractive to people outside and inside the Hive community, so a great success is predicted for the token where the intellect will give us income.
