Staking Pools

Ethereum 2.0 allows users to stake ETH and become network validators. However, staking on Ethereum is unique since every validator requires 32 ETH and needs to run and manage dedicated software 24/7. Substantial rewards can be made while staking ETH, but the responsibility is also coupled with penalties and slashing (complete removal from the network) in the most severe cases.  Ethereum 2.0 staking is quite daunting as stakers need to meet some hefty basic requirements. Not everyone can afford a…

P2P Validator is a popular staking pool that allows users to combine their crypto and split the rewards. The platform continues to gain momentum in the network due to its user-friendly interface and its wide selection of stakable coins. The developers behind P2P Validator sought to develop a pool to protect your assets while generating maximum returns. The project’s end goal is to shift the motivation criterion equilibrium from private concerns to a community-based perspective. P2P Validator - Staking pool…

Crypto adoption is slowly taking over as more digital assets emerge. As a result, trading volumes increase as days go by while users opt to trade with the modern financial system. Furthermore, venture capitalists have become more eager to secure an adequate income with cryptocurrencies. The Advent of Proof of Stake (PoS) Currencies Trading cryptocurrencies is both challenging and tedious, with many complexities involved. Since the introduction of Bitcoin in 2009, crypto mining has been the primary income source among…

The cryptocurrency sector has significantly grown since the introduction of the first coin, Bitcoin, in 2009. Today, there are thousands of cryptocurrencies in existence, although bitcoin is still the industry leader. The crypto industry is reportedly attracting more millennials who have greater access to the internet and smartphones. Trading has been their major attraction and is still a significant incentive to many towards the industry. However, most coins initially operated on energy-inefficient consensus algorithms, and this poses a threat to…

With the advent of Proof-of-Stake currencies, many connected services have emerged. Furthermore, innovation in the Proof-of-Stake consensus algorithm increases the number of platforms that help the average investor, developers, and enthusiasts make the most out of their crypto investments without the hassles of complexity and technical difficulties. Staking Services Staking Pools A Staking Pool is formed when several coin holders merge their resources to increase the chances of validating blocks and receiving rewards. They combine their staking power and share the…

On the 16th of December 2019, Cardano incentivized testnet went live. In less than 24 hours, 5.4 ADA already got staked by holders, representing 17% of the total coin supply. Even though IOHK operates some of the leading pools, several independent pools are also topping the pool tool charts.  This significant step envisions Cardano to achieve decentralization through supporting a large number of staking pools. As per the project’s roadmap, the blockchain’s incentivized staking system will reach equilibrium at 1000 pools.…