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31 July 2021

3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%

3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%


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3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%.

One token that was hit especially hard by the hashrate drop was the Bitcoin Standard Hashrate Token (BTCST), a project that collateralized the Bitcoin hashrate with each token representing 0.1 TH/s of Bitcoin mining power.

Three reasons for the recent boost in BTCST include increased earnings due to the decline of the Bitcoin network hashrate, the ability to stake BTCST to earn rewards and a functioning community governance system that is able to compensate users who lose funds while being liquidity providers for the ecosystem.

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cointelegraph.com
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