We shouldn't judge all exchanges equally.
But staking is a trend these days. They offer their clients a 12% annual interest. This does not look like a bad idea.
But we have been able to witness in the first row the damage it can cause to DPoS-based Blockchains.
It is not only that, but the damage caused to the entire Blockchain philosophy. The same that has benefited many since the birth of BTC.
It is a process similar to steemit powerup.
You then "give up" part of your assets to the exchange. In return, they promise to pay you annual interest.
Meanwhile the exchange can use "your assets" deposited, to upvote accounts and achieve supremacy in some DPoS-based blockchain.
I only stake in Coinbase, the Tezos. Maybe I'll actually look at their product and stake on themselves rather than use Coinbase.
We shouldn't judge all exchanges equally.
But staking is a trend these days. They offer their clients a 12% annual interest. This does not look like a bad idea.
But we have been able to witness in the first row the damage it can cause to DPoS-based Blockchains.
It is not only that, but the damage caused to the entire Blockchain philosophy. The same that has benefited many since the birth of BTC.
What does "stakings" mean?
I only use Bitvavo.
It is a process similar to steemit powerup.
You then "give up" part of your assets to the exchange. In return, they promise to pay you annual interest.
Meanwhile the exchange can use "your assets" deposited, to upvote accounts and achieve supremacy in some DPoS-based blockchain.
Okay thanks now I understand.