Is staking Ethereum on Coinbase worth it

If you accept the risks, though, staking can be a great way to put your cryptocurrency to work for you . It’s an opportunity to benefit in the near term through passive income — while holding onto the investment for the long haul.

How does the staking process work on the ethereum 2.0 blockchain? The PoS blockchain takes around 6.4 minutes to complete a round of validation, during which it adds 32 blocks of data to the Beacon Chain . Each bundle of 32 blocks is called an ‘epoch.

At the current amount of coins at stake, the annual percentage rate is 5.2% . So if you invest $100 thousand, in a year you will get $105.2 thousand, provided that the cryptocurrency rate remains stable. There are two ways to stake Ether in the new network: directly or through special services.

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