Ethereum Foundation Stakes Another $93 Million in Ether, Reaching 70,000 ETH Target
According to CoinDesk, the Ethereum Foundation added another $93 million worth of Ether to staking (locking crypto to earn rewards), bringing its total staked amount to 70,000 ETH.
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Terms & Concepts
staking: Locking cryptocurrency in a blockchain network to help secure it and earn rewards.
Ether: The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and staking.
Ethereum Foundation: A nonprofit organization that supports research, development, and ecosystem coordination for Ethereum.