ETH Staking Not an Investment Scheme, ConsenSys Execs Argue
Ethereum Ang ETH Staking Hindi isang Investment Scheme, ConsenSys Execs Argue 3 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Staking rewards are compensation for services to keep the Ethereum network secure, ConsenSys executives said Monday in a blog post that argued the process should not be confused with an investment. Rewards and fees that network validators might receive are not yield on a loan, nor are they a dividend on investment, argued ConsenSys General Counsel Matt Corva and Bill Hughes, the companys director of global regulatory matters. “Staking is a data integrity mechanism that Ethereum and similar blockchain networks require to function, not an investment scheme,” they added in a Blog post. “Service agreements that offer technical staking solutions are not investment contracts or any other type of enumerated security.” Staking is a process in which crypto holders participate in validating transactions on the blockchain. In return, the block‘s proposer receives a reward paid in the blockchain’s native crypto, such as ether. Magbasa nang higit pa: The Investors Guide to Staking Founded in 2014, ConsenSys is a blockchain technology company focused on the Ethereum ecosystem. The firm hosts more than 17,000 Ethereum validators — representing 3% of all Ethereum validators, according to its website. Validator rewards come from two