A specific group of investment market experts believes cryptocurrency doesn’t offer significant passive income generation sources. However, the notion doesn’t stand entirely true. Crypto staking, along with a few reward programs, has the potential to generate interest income from the crypto that you own.
Through staking, you can earn rewards by locking up your crypto to assist in running the blockchains that support those cryptocurrencies. This article will discuss Ethereum staking and the five best platforms where you can stake ETH.
Ethereum is one of the most popular and valuable crypto coins in the crypto market. While you can purchase or sell this currency on several platforms, Ethereum staking would be beneficial only under certain conditions. Ethereum uses a consensus mechanism, referred to as proof-of-stake that enables staking.
- Consensus Mechanism: