What Is Staking in Crypto?

Crypto staking is the process of locking up crypto holdings in order to obtain rewards or earn interest. Cryptocurrencies are built with blockchain technology, in which crypto transactions are verified, and the resulting data is stored on the blockchain. Staking is another way to describe validating those transactions on a blockchain.

Depending on the types of cryptocurrency you’re working with and its supporting technologies, these validation processes are called “proof-of-stake” or “proof-of-work.” Each of these processes help crypto networks achieve consensus, or confirmation that all of the transaction data adds up to what it should.

But achieving that consensus requires participants. That’s what staking is—investors who actively hold onto, or lock up their crypto holdings in their crypto wallet are participating in these networks’ consensus-taking processes. Stakers are, in essence, approving and verifying transactions on the blockchain.

For doing so, the networks reward those investors. The specific rewards will depend on the network.

It may be helpful to think of crypto staking as similar to depositing cash in a savings account. The depositor earns interest on their money while it’s in the bank, as a reward from the bank, who uses the money for other purposes (lending, etc.). Staking coins is, then, similar to earning interest.

The Beacon Chain

• The Beacon Chain introduced proof-of-stake to the Ethereum ecosystem.
• It was merged with the original Ethereum proof-of-work chain in September 2022.
• The Beacon Chain introduced the consensus logic and block gossip protocol which now secures Ethereum.

Staked.us: Eth2 

Staked operates the most secure, performant, and cost-effective block production nodes for decentralized PoS protocols on behalf of institutional investors. Our multi-tier signing and listening node architecture delivers stakeholders the ideal combination of security, scalability and decentralization.

The Staked team has a long and successful track record of starting, building and operating web services at companies such as IAC/InterActiveCorp, Vimeo, AdBuyer/MediaOcean, PlanetTran, Flavors.me, Haystagg and Think Gaming (YC 2014).

Ankr: ETH2

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks.

Ankr Staking – makes staking, liquid staking, and other yield-earning opportunities easy and accessible to any crypto investor. Ankr creates the most scalable and decentralized staking infrastructure solution that aims to solve the capital inefficiency of Proof-of-Stake networks and similar blockchain consensus mechanisms.

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stakefish: Eth2 

Stake. fish is a staking platform for cryptocurrencies where you can pool your crypto assets and earn an interest from it.

An overview of Staked us: Eth2 and Ankr: ETH2 and stakefish: Eth2

Methodology

In this dashboard, the data of Stacke is displayed in Ethereum. For this data display, the ethereum.core.ez_eth_transfers table is used, and I used the following filter to display the data for three platforms and platforms. eth_to_address='0x84db6ee82b7cf3b47e8f19270abde5718b936670' -->> Ankr or eth_to_address='0x39dc6a99209b5e6b81dc8540c86ff10981ebda29' -->>staked us or eth_to_address='0x0194512e77d798e4871973d9cb9d7ddfc0ffd801' -->>stakefish

is used and finally the data related to the Beacon Chain that performs Stake directly is displayed.

help from roket6581

An overview of The Beacon Chain

analyze

In the three platforms Staked us: Eth2 and Ankr: ETH2 and stakefish: Eth2, it can be seen that the amount of Stake is equal to 794 k, the number of Stake is 7.3 k, there are 4050 users who have done Stake, the most statistics for Staked us: Eth2 With the volume of 451 k and the number of 1227 stakes, the highest volume and number statistics are for the end of December and November 2020.

analyze

In the display of the top wallets for staking, it can be seen that 0x70af49c6d84b605b5c9a18490b5b826126bbf41c has the largest number of stakes, and 0x61c808d82a3ac53231750dadc13c777b59310bd9 has the largest stake volume. The largest category for staking was 1 to 10 Ethereum. And the most times stack users have done was between 1 and 3 times

In the data display based on The Beacon Chain, it can be seen that the number of stacks is equal to 280 k and there are 89 thousand users who have stacked the volume of 15 million ethereum. The largest number of stacking was done in May 2021 and November 2020. The users are also for May 2021, but the amount that has been stacked has increased and decreased in different time periods

Conclusion

In the three platforms Staked us: Eth2 and Ankr: ETH2 and stakefish: Eth2, it can be seen that the amount of Stake is equal to 794 k, the number of Stake is 7.3 k, there are 4050 users who have done Stake, the most statistics for Staked us: Eth2 With the volume of 451 k and the number of 1227 stakes, the highest volume and number statistics are for the end of December and November 2020. In the display of the top wallets for staking, it can be seen that 0x70af49c6d84b605b5c9a18490b5b826126bbf41c has the largest number of stakes, and 0x61c808d82a3ac53231750dadc13c777b59310bd9 has the largest stake volume. The largest category for staking was 1 to 10 Ethereum. And the most times stack users have done was between 1 and 3 times In the data display based on The Beacon Chain, it can be seen that the number of stacks is equal to 280 k and there are 89 thousand users who have stacked the volume of 15 million ethereum. The largest number of stacking was done in May 2021 and November 2020. The users are also for May 2021, but the amount that has been stacked has increased and decreased in different time periods