Kraken users staked half a million ETH so far as the interest in the coin continues to grow according to the data that we have in our recent Ethereum news.
Etheruem’s transition to ETH 2.0 started in December 2020 with the launch of the beacon chain and the scaling solution takes the blockchain from a proof-of-work to a proof-of-stake consensus algorithm so the transition started and the Kraken users staked half a million ETH to the platform already. Kraken said that the company was “pleased to announce that the total amount of ether staked through its platform has now surpassed 500,000 ETH, as the Ethereum community continues to express its support for the much-awaited transition to proof of stake (PoS).”
Kraken breached 500,000 staked coins a day ago, reaching 501,300 by the time the exchange’s news reached the public. The staking interest for ETH2 grew in 2020 which led to the December beacon chain launch which needed about 16,384 participants to stake a total of $524,288 ETH or more. The participants can stake on the network if they own at least 32 ETH and then complete a certain process as the Kraken exchange noted. The staking however is more user friendly and requires less capital:
“Staking on Kraken can be done in just three clicks and is open to anyone. Clients can stake from as little as just 0.00001 ETH, which is currently worth a little under 2 cents.
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The ETH staked ahs to be held locked until certain ETH 2 developments are met. The staked ETH on Kraken operates under more flexible parameters depending on the region and the regulation. Coinbase opened a waitlist already for all those interested in staking ETH on its platform as per the blog post. Binance started offering ETH staking in December 2020 with Kraken opening it back in December.
As recently reported, Kraken CEO believes BTC will go to infinity in terms of measuring it against the US dollar. Powell justified his comments by painting a new future where he compared BTC to fiat currencies to determine the value of an item but also made a new prediction based solely on BTC. Looking quite optimistic by these standards, Powell made a prediction of a post-fiat world where the items will be valued in BTC rather than the government-based currencies.
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