MetaMask will allow users to send Ethereum for staking

Today it became known that MetaMask made it possible for users to send Ethereum for staking. If earlier investors looked at Ethereum only in the classic way “buy cheaper - sell more expensive”, then since the transition of ETH to a new algorithm, they are more considering the possibility of staking as the main source of income.

The relatively new Proof of Stake algorithm, unlike Proof of Work, relies on validators to stake coins. On the previous algorithm, the blockchain worked in a completely different way and relied on the power of hardware devices that mine cryptocurrency. Validators who stake coins on the ETH network, in turn, receive a good income, which motivates them to support the Ethereum network.

It is worth noting that only those persons who have a good supply of financial resources can become a validator. In Vitalik Buterin's blockchain, you can become a validator only by depositing 32 Ethereum coins, which is estimated at $45,000 at the current rate. Therefore, ordinary ordinary investors are very likely to refuse such a privilege.

Ethereum developers have previously revealed that the upcoming Shanghai update will focus entirely on getting money out of staking. They decided to abandon other functions and innovations such as lowering the commission and other things in favor of accelerated receipt of profit by validators.

In the new MetaMask Staking feature, enthusiasts will be able to try themselves as such validators, but on more benign terms. Thus, MetaMask will give the opportunity to make contributions to staking. Aban Mian, a senior manager at MetaMask, said that the Staking feature can help users who are negative about the renewal of the Ethereum ecosystem and would like to try their hand at ETH staking.

MetaMask has recently been involved in a different story. The journalists found out that the company, which allows users to create cryptocurrency wallets, collects information about their customers, which, of course, the public did not like.