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The staking race: Late entrant Ethereum lags behind rivals with Eth2

Published 02/21/2021, 06:49 AM
Updated 02/22/2021, 10:00 AM
The staking race: Late entrant Ethereum lags behind rivals with Eth2

The Proof-of-Stake model has been around since 2012, when it emerged as an alternative way to achieve consensus than Bitcoin’s computationally heavy Proof-of-Work. However, it’s taken until now for PoS to take off, spurred by the launch of staking on high-profile platforms including Ethereum 2.0, Polkadot, and Cardano.

Despite epic price rises since the start of the year and the fact that it’s the second-biggest cryptocurrency by total market capitalization, Eth2 lags behind competitors in the staking rankings. So, why isn’t Ether (ETH) the number one staking cryptocurrency?

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