Many crypto owners don’t want their assets locked up in staking when they could instead be put to use elsewhere. This is why liquid staking provides the best of both worlds argues mohakagr.
validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms , where those wanting to earn rewards don’t have to compete against other miners, but can simply stake part of their crypto for a chance to be chosen to be a validator — and reap the returns.
Despite the fact that this innovation is able to lower barriers to staking, there’s still confusion about what liquid staking is and what it can offer to the crypto community. What follows are some of the misconceptions about liquid staking and what the truth is about this new opportunity.Staking is changing the way blockchains function. It brings better energy efficiency to blockchain validation, more flexibility to the hardware needed and quicker transaction frequency.