Cardano Ranks Among Top Staking Networks, Report Finds

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Cardano Ranks Among Top Staking Networks, Report Finds
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Cardano outperforms as a proof-of-stake blockchain, here are details CardanoADA ADA CardanoCommunity BuidingonCardano

, Cardano ranks as the second largest staking network after Ethereum with a staking market cap of $8 billion, while Ethereum had a $21 billion staking market cap.According to Sooraj, five metrics are key for a PoS-based blockchain: the staking ratio, the initial coin distribution, the Nakamoto Coefficient , the total number of validator nodes and individual wallets participating in staking.

Staking rewards and ETH staking remain locked in Ethereum, with no ability to withdraw. Withdrawals are planned for the upcoming Shanghai upgrade. Likewise, staking is dependent on centralized staking providers like Lido and Coinbase.

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