What is staking & how does it work?

Staking is the process of actively participating in transaction validation (similar to mining) on a Proof-of-Stake blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards. Learn about how staking works on Coinbase.

What is staking ETH?

What is staking? Staking is the act of depositing 32 ETH to activate validator software. As a validator you’ll be responsible for storing data, processing transactions, and adding new blocks to the blockchain. This will keep Ethereum secure for everyone and earn you new ETH in the process.

Why is CoinDesk staking 32 ETH?

To support our coverage of the network, CoinDesk will be staking its own funds – 32 ETH to be exact. The goal: Deepen CoinDesk’s editorial coverage of Ethereum 2.0 and gain an unvarnished perspective on the next major iteration of the Ethereum blockchain. To that end, we’ll also be donating all proceeds from our staked ETH to charity.

What is solo staking on Ethereum?

Solo staking on Ethereum is the gold standard for staking. It provides full participation rewards, improves the decentralization of the network, and never requires trusting anyone else with your funds. Those considering solo staking should have at least 32 ETH and a dedicated computer connected to the internet ~24/7.