Staking ETH permits the staker to act as a validator on Ethereum's proof-of-stake Beacon Chain, support the Ethereum 2.0 upgrade and be eligible to earn staking rewards.May 08, 2020 · Among other things, it will pave the way for Ethereum to transfer to a proof-of-stake (PoS) consensus algorithm, moving away from the current computationally intensive proof-of-work (PoW) algorithm. The main difference is that in PoS users will be able to “stake”—basically lock up—their Ethereum, which will be used to verify new blocks, consequently helping support the network.
Dec 30, 2020 · In our year-end Ethereum round up, we feature 4 charts from 4 Ethereum 2.0 staking experts recounting the best highlights of 2020. Ethereum is the second-largest cryptocurrency platform by market capitalization, behind Bitcoin. It is a decentralized open source blockchain featuring smart contract functionality.
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