AlgoPacks is a platform for Bitalgo Cloud Staking which provides services using multifactor hardware that has been configured to be able to stake (holding/locking several coins to get a reward as a validator) in the form of Proof-of-Stake (PoS) and Masternode. We are a team of developers and support systems. Our backgrounds are in Software Engineering, System Analist, Security, Virtualization, Cloud Computing, Highavailability e-Commerce front ends and back ends, as well as Education and Consulting in Blockchain and Cryptocurrency Technology. Algopacks manages the high cost of entry in PoS and MN Cryptocurrency, difficulties in keeping the wallets filled and online at all times.
Bitalgo (ALG) is a sustainable cryptocurrency modeled after Satoshi Nakamoto’s vision for Bitcoin. It is a decentralized, peer-to-peer transactional currency designed to offer a solution to the problem posed by the exponential increase in energy consumed by Bitcoin and other Proof-of-Work (PoW) cryptocurrencies. PoW mining is environmentally unsustainable due to the electricity used by high-powered mining hardware. Therefore, Bitalgo offers a more environmentally friendly (energy saving) method, Namely Proof-of-Stakes and Masternode.
In order to participate in cloud staking, members must first register and pay for the service using cryptocurrencies in the form of Bitalgo, Bitcoin, Etherium or Doge. The staking rewards will be automatically distributed every day to members in the form of Bitalgo coins, then they have the right to sell on the external or internal market. In addition,
We believe in the idea of making cryptocurrency less resource-intensive by using Proof-of-Stake and Masternode implementation, and are bringing what it offers to the public by reducing the cost of staking and complexity in monitoring it. Our goal is to provide a new method to continuously growing cryptocurrency fund that pays out block rewards automatically and fairly across all members.