What’s The Difference Between a CPA And an Accountant

The accounting profession is quite solid for people who want to acquire a sustainable and reasonable source of income for themselves as well as their families, and suffice it to say that it has plenty of opportunities for growth as well. The first step to becoming an accountant is to get a degree in the field, but there are plenty of other things that you can do as well to make yourself much more hireable to firms and agencies that are looking for nothing short of the cream of the crop.

If you are looking for a way to upgrade your career and join a prestigious firm like Odoni Partners, you might want to try your hand at becoming a CPA. There are those who think that CPAs and accountants are one and the same, but that’s like claiming that a plain old sedan is the same as a Ferrari simply because of the fact that they are both vehicular modes of transportation! While CPAs are definitely members of the accounting profession, they are far more skilled than your regular run of the mill book keeper.

The main differentiating factor between CPAs and normal accountants is that CPAs know a lot about tax policies and the like. What’s more is that they are capable of conducting audits that can help business owners figure out if their money is being well spent or if it is going to waste. The range of services that they offer is far broader than that of regular accountants, and that is why they command such formidable salaries and payments from anyone that has the will and the need to hire them.

How Does Proof of Stake Work?

Proof of stake is a system used by the latest blockchain technology to validate every transaction on the platform in a transparent manner. It acts like a decentralized governing mechanism which makes sure that no one is allowed to tamper with any type of data on the blockchain.

Definition

As you might already know, decentralization is one of the biggest benefits of blockchain for anyone who uses it. There’s no one who can make rules and regulate the decentralized blockchain space. Every user participating in the consensus mechanism by staking their tokens on the blockchain plays his role in validating the transactions, and getting rewarded for doing that. This is how new blocks of information are added on the blockchains which use the Proof of Stake Mechanism.

Through this mechanism, a blockchain determines which node will be permitted to validate the next block of data on the blockchain. Making new blocks and validating transactions is a lucrative task as it rewards you with the same tokens as the ones you’ve staked.

Whenever all the participants on the Blockchain validate a transaction and store the data on the block, a consensus is reached. This is how the proof of stake system works in a nutshell.

In the PoS system, all the participants on a made agree to stake a certain amount of crypto tokens. This is made into a smart contract. In return to this, the Blockchain lets them validate new blocks of data. For doing this, the node is given a reward, which is then split into all the participants according to the percentage of share they had in the stake. You should always check crypto reviews before joining a node, because if the validation process is not done right, the participants can lose some, or all of their staked cryptocurrency as a penalty.