What Is Staking in Crypto? $14 Billion Sent to Ethereum 2.0 Network

Ethereum cryptocurrency owners have now staked more than $14 billion worth of their tokens on the Ethereum 2.0 network, Etherscan data shows.

It marks a rise from around $13.5 billion staked on Monday, as reported by Markets Insider, which highlights the pace of the shift towards Ethereum 2.0.

Ethereum 2.0 represents a fundamental change in how the Ethereum blockchain works.

Staking explained

In order to remain decentralized—that is, operating without a central authority—cryptocurrency…


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