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Crypto exchanges tout ‘staking as a service’ as Ethereum 2.0 upgrade to proof-of-stake moves closer | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

More crypto exchanges are allowing cryptocurrency investors to earn yields on pledged stakes using newly minted tokens as a reward for helping blockchains transition to a faster, cheaper and greener validation technology known as proof-of-stake. The most widely anticipated of these transitions is the upgrade to Ethereum 2.0, slated to be completed in mid-September after suffering several delays. Rather than relying on the current proof-of-work model, which requires solving complex mathematical problems, proof-of-stake allows validators to stake a minimum amount of crypto to earn a reward for properly validated transactions, or risk losing their tokens. Some exchanges are now offering…

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