• Bitfinex launches Ethereum 2.0 staking

    Crypto exchange Bitfinex launches Ethereum 2.0 staking service

    The exchange’s users are now able to earn staking rewards on their ether holdings, supporting the fledgling proof-of-stake version of Ethereum

    The transition to the Ethereum 2.0 proof-of-stake (PoS) blockchain is a long-awaited, and long-delayed, move to deal with the No. 2 blockchain’s growing congestion, which is causing delays and very high transaction costs. It will also be a much more eco-friendly version of Ethereum, which currently burns through almost as much electricity for mining as the entire country of Slovenia uses annually.