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Mikhail Nechaev pfp
Mikhail Nechaev
@mandis
The amount of ether being staked in Ethereum 2.0 is growing as more users commit funds to become validators. They lock up their ETH to secure the network using a new Proof-of-Stake (PoS) consensus algorithm. In return, they receive rewards for staking, while ETH remains a deflationary cryptocurrency since the upgrade meant burning some of the ether when paying transaction fees.
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