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Ethereum's Switch To Staking Will Change The Industry
Summary: Binance’s recent research report has made the case that Ethereum’s pending switch to Proof-of-Stake (PoS), will cause a major shift in the industry. The article draws attention to the fact that 10 of the largest assets supporting or ready to support staking represent around $25.8 billion of cumulative market capitalization. This translates to around 10% ...
Binance’s recent research report has made the case that Ethereum’s pending switch to Proof-of-Stake (PoS), will cause a major shift in the industry.
The article draws attention to the fact that 10 of the largest assets supporting or ready to support staking represent around $25.8 billion of cumulative market capitalization. This translates to around 10% of the entire industry’s market capitalization.
The assets listed in order of most market capital to least are Ethereum (ETH), EOS, Stellar (XLM), Tron (TRX), Cardano (ADA), DASH, Cosmos (ATOM), Tezos (XTZ), NEO and Ontology (ONT). Both ETH and ADA are currently pending.
PoS blockchains allow for users to earn a form of interest by depositing their tokens to both maintain the network and possibly earn rewards. Unlike the Proof-of-Work (PoW) networks, such as Bitcoin, a PoS network validates blocks rather than mining them.
By Ramsey Baker
Tags: ETH,Ethereum,PoS,PoW,Staking
Link: Ethereum's Switch To Staking Will Change The Industry [Copy]
