BitMine Drives Ethereum Staking Backlog to $8B
Tom Lee’s BitMine pushes Ethereum into $8 billion staking backlog Ethereum’s shift to proof-of-stake (PoS) changed how the network is secured and how holders can earn rewards. Unlike proof-of-work systems such as Bitcoin, PoS lets users stake ETH to help validate transactions and secure the network, receiving staking rewards in return. The model also reduced…
