The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday.
The company said it projects potential gains of 4%–8% for long-term investors through Ether (ETH) staking, while J.P. Morgan analysts forecast that staking yields across PoS blockchains could double to $40 billion by 2025.
Users who stake crypto assets earn rewards — known as yields — from transaction fees paid by other network users. Seen by some as a form of passive income generation, staking requires users to lock their assets in a smart contract, during which time coins can not be spent or traded on the market. This may be one of the main challenges to the adoption of PoS blockchains, especially by institutional investors.
In a Q2 earnings call, Coinbase CEO Alesia Haas noted that...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...