Bit Digital Stakes 43,335 ETH Worth About $91.34 Million
Onchain Lens reported on April 7 that Bit Digital committed 43,335 ETH to staking (locking crypto to earn rewards), a blockchain process used to help secure Ethereum and generate yield.
ETH
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Terms & Concepts
Staking: Locking cryptocurrency to support a blockchain network and earn rewards in return.
ETH: The native cryptocurrency of Ethereum, used for transactions, network fees, and staking.
Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.