Coinbase becomes Ethereum’s largest node operator with 11% stake

Share via:


A Coinbase report revealed that the crypto exchange is the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether.

In a performance report, Coinbase said it had 3.84 million Ether (ETH), worth about $6.8 billion, staked to its validators. The exchange said that, as of March 3, it has 11.42% of the total staked ETH. 

Anthony Sassano, host of The Daily Gwei, said that Coinbase’s stake makes the exchange the “single largest node operator” in the network. 

Sassano added that while the staking platform Lido is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Coinbase becomes Ethereum’s largest node operator with 11% stake


A Coinbase report revealed that the crypto exchange is the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether.

In a performance report, Coinbase said it had 3.84 million Ether (ETH), worth about $6.8 billion, staked to its validators. The exchange said that, as of March 3, it has 11.42% of the total staked ETH. 

Anthony Sassano, host of The Daily Gwei, said that Coinbase’s stake makes the exchange the “single largest node operator” in the network. 

Sassano added that while the staking platform Lido is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Bluetti’s Handsfree 1 is the solar backpack I love...

Can you love and hate something equally? That’s...

Solana futures ETF to grow institutional adoption, despite limited...

The crypto industry is set to debut the...

Avenue Supermarts invests ₹174.99 crore in e-commerce arm DMart...

Avenue Supermarts Ltd., the parent company of DMart, announced...

Popular

Upcoming Events

Raids At Stores, Comes Under MHI’s Lens

SUMMARY After facing heat from its customers for a...

Factors Influencing Gold Price Hike In India As Well...

New Delhi , March 20: “All that glitters...

Elon Musk’s X raises almost $1 billion in new...

Elon Musk’s social network X has raised close...
ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC