A massive amount of value is tied up in staking. On the Ethereum blockchain alone, $30 billion in value is staked on the network, guaranteeing its transactions are provably fair.
Many other blockchains also use staking, such as everything in the Cosmos ecosystem, Avalanche and Tezos. Each of them also has a massive amount of value staked.They check every transaction and make sure that the person sending it actually has the funds to send. If the sender does, it gets logged permanently on chain.With billions of dollars in value at stake, such bookkeepers might be tempted to cheat and put funds in their own pockets or those of their friends.at risk.
This has made staking a highly professionalized field with big companies that have whole tech teams running them, which isn't super democratic.is a new startup making it feasible to split up duties, which could enable more kinds of entities to participate.A person or company doesn't have toBasically, you entrust your crypto to one of these bookkeepers and you share in the rewards it earns pro rata.
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