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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/01\/18\/ethereums-shift-to-proof-of-stake-draws-increasing-institutional-interest\/<\/a><\/br> Ethereum\u2019s shift from<\/span> proof-of-work (PoW) to proof-of-stake (PoS) in September 2022 increased interest in staking across a number of parties \u2014 including institutions.<\/p>\n The success of the Merge<\/a> propelled Ethereum from \u201ca smart contract platform lagging behind\u201d into \u201csomething that was doing things right,\u201d Diogo M\u00f3nica, co-founder and president of Anchorage Digital, a crypto bank last valued over $3 billion<\/a>, said to TechCrunch. \u201cInterest from investors grew and the appetite changed dramatically.\u201d<\/p>\n And it\u2019s true: Institutional interest in ETH staking increased after the Merge, Matt Hougan, CIO at Bitwise Asset Management, said to TechCrunch.<\/p>\n \u201cAll of a sudden, by holding Ethereum, you went from holding a bet on smart contract platform to holding a bet that holds yield,\u201d M\u00f3nica said.<\/p>\n Staking is a way of earning rewards for holding a certain token (in this instance, ETH) for a certain amount of time. In return for staking, people are paid out yield or additional rewards in exchange for holding their coins to secure the network.<\/p>\n In a way, it\u2019s like having cash in your wallet or parking your cash in a bank CD, Hougan said. \u201cYou lock your money up in the CD and the bank pays you interest. In this example, you lock your ETH up in a staking pool and earn interest.\u201d<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nEthereum\u2019s shift to proof-of-stake draws increasing institutional interest<\/br>
\n2023-01-20 21:44:50<\/br><\/p>\n