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REGULATION
by
2 years ago

Ethereum Proof-of-Stake Upgrade Could Reach $40 Billion Revenue

2022-11-04

REGULATION
by
2 years ago


Jamie Dimond, JP Morgan CEO and two senior analysts released a report that cryptocurrency industry is moving from Proof-of-Work to a more energy efficiency Proof-of-Stake as a method for creating new blocks and process transactions.

 

The report said staking industry currently generate $9 billion revenue annually. It could generate $40 billion revenue as most of prominent cryptocurrencies such as Ethereum, Polygon, Solana, and Polkadot adopt Proof-of-Stake mechanism.


 

Can you stake Ethereum without technical skill ?

 

The answer is yes. You can join nodes and validators  on a staking protocol services.

 

Lido Finance

https://lido.fi/


Rocket Pool

https://rocketpool.net/

 

 

 

 

 

References

-https://www.forbes.com/sites/emilymason/2021/07/01/jpmorgan-says-ethereum-upgrades-could-jumpstart-40-billion-staking-industry/?sh=611d29be1512

 

 

 

 

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