Oct 1, 2020 at 12:01 UTCUpdated Oct 1, 2020 at 13:18 UTC.Multi-asset exchange eToro is launching a new service that will offer rewards for "Staking" tokens, beginning with TRON and ADA.The trading platform announced Thursday that the service, one of the first to offer staking for Cardano's native ADA token, will go live later this month.
eToro will effectively execute the staking on behalf of its users.
Compared to proof-of-work protocols, which rely on miners running powerful computer hardware to confirm transactions, proof-of-stake networks rely on the users themselves to stake, or lock up, their tokens and provides rewards for confirming transactions.
eToro's service is aimed to make staking more accessible for everyday users, the firm said in a statement.
The exchange will email reports to users showing how much income they've made on a monthly basis.
A spokesperson told CoinDesk the service will be free of charge for eToro clients.
The number of fully functioning PoS networks is growing.
Cardano, which has a market cap of $3.25 billion, launched its "Shelley" staking protocol in late July.The month before, Coinbase Custody announced plans to offer secure Cardano staking sometime in Q4 2020.Disclosure.
eToro to Offer Staking Rewards for Holders of TRON and Cardano
pubblicato su Oct 1, 2020
by Coindesk | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.