The staking race: Late entrant Ethereum lags behind rivals with Eth2
Cointelegraph
Published Feb 21, 2021 06:49AM ET
Updated Feb 22, 2021 10:00AM ET
The Proof-of-Stake model has been around since 2012, when it emerged as an alternative way to achieve consensus than Bitcoin’s computationally heavy Proof-of-Work. However, it’s taken until now for PoS to take off, spurred by the launch of staking on high-profile platforms including Ethereum 2.0, Polkadot, and Cardano.
Despite epic price rises since the start of the year and the fact that it’s the second-biggest cryptocurrency by total market capitalization, Eth2 lags behind competitors in the staking rankings. So, why isn’t Ether (ETH) the number one staking cryptocurrency?
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Written By: Cointelegraph
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