đ¤ When you put your money where your mouth isâŚ
Proof-of-stake blockchains like ethereum rely on people called validators to process transactions and keep the chain honest. But first validators must lock up crypto as collateral in a process called "staking." The idea: validators are less likely to do something shady if their coins are on the line. Last week, after SEC Chair Gary Gensler said that companies offering staking services must comply with securities laws, Coinbase argued staking's not a security.
Latest Stories
Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.