CRYPTO NEWS - Ethereum & Solana Become Most Staked Crypto Assets
CRYPTO NEWS - Ethereum & Solana Become Most Staked Crypto Assets
Intro: (0:00)
Ethereum & Solana (1:11)
Ethereum & Solana Become Most Staked Crypto Assets: (1:15)
Crypto News: (2:12)
Solana news: (4:41)
Ethereum News: (6:15)
Outro: (08:09)
thereum (ETH) takes the trophy for the most staked crypto asset following the successful Merge of the Beacon Chain consensus layer with the Ethereum execution layer on Sep. 15, 2022, data from StakingRewards.com shows.
The network with the second-highest staking transaction market cap is Solana, with $12.7 billion. Hot on its heels is Cardano with over $11 billion, Binance Smart Chain with over $5 billion, and Avalanche with about $4.6 billion in locked assets. Rounding off the top ten blockchains are Polkadot, Cosmos Hub, Tron, Polygon, and Near Protocol. Of the top ten staked cryptocurrencies by market cap, Cosmos (ATOM) offers the highest yield of 17.89%.
Staking, the process of locking up crypto for an extended period to earn rewards, is also a way for transaction validators to jostle for a chance to add a new block to the blockchain. A deterministic algorithm selects a node that has staked the most crypto to validate transactions.
In contrast, mining involves competing for a chance to add a new block of transactions to the blockchain using an energy-intensive computational process that has drawn concern from many quarters, including the Biden administration.
Staking was introduced by blockchain developer Sunny King and Scott Nadal in a 2012 paper as an answer to bitcoin’s high energy consumption.
Intro: (0:00)
Ethereum & Solana (1:11)
Ethereum & Solana Become Most Staked Crypto Assets: (1:15)
Crypto News: (2:12)
Solana news: (4:41)
Ethereum News: (6:15)
Outro: (08:09)
thereum (ETH) takes the trophy for the most staked crypto asset following the successful Merge of the Beacon Chain consensus layer with the Ethereum execution layer on Sep. 15, 2022, data from StakingRewards.com shows.
The network with the second-highest staking transaction market cap is Solana, with $12.7 billion. Hot on its heels is Cardano with over $11 billion, Binance Smart Chain with over $5 billion, and Avalanche with about $4.6 billion in locked assets. Rounding off the top ten blockchains are Polkadot, Cosmos Hub, Tron, Polygon, and Near Protocol. Of the top ten staked cryptocurrencies by market cap, Cosmos (ATOM) offers the highest yield of 17.89%.
Staking, the process of locking up crypto for an extended period to earn rewards, is also a way for transaction validators to jostle for a chance to add a new block to the blockchain. A deterministic algorithm selects a node that has staked the most crypto to validate transactions.
In contrast, mining involves competing for a chance to add a new block of transactions to the blockchain using an energy-intensive computational process that has drawn concern from many quarters, including the Biden administration.
Staking was introduced by blockchain developer Sunny King and Scott Nadal in a 2012 paper as an answer to bitcoin’s high energy consumption.
