Coinbase Custody’s 60 institutional clients, who currently store around $600 million on the platform, will be able to stake or “bake” Tezos (XTZ). Staking or baking dividends are akin to interest in the regular world. By holding tokens and putting them up for stake, new blocks get minted. The larger your coin stash, the better your odds of finding a block. Earning Interest by Minting Blocks Proof-of-stake is one of two primary models for cryptocurrencies, the first and most successful having been proof-of-work. A version of proof-of-stake called delegated proof-of-stake is present in platforms like Tron. Ethereum will be moving
The post Coinbase Custody Launches Block Staking Program for Tezos appeared first on CCN
Read the original post: Coinbase Custody Launches Block Staking Program for Tezos