Proof-of-Stake projects see a rise in interest as Cosmos Hub launches
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Cosmos Hub launched just last month, and its popularity is growing. The solution offering blockchain interoperability has been available for less than a week, and four in five of the validator slots have been picked up, Diar writes. However, there are more Proof-of-Stake projects on the market—there are over 70 projects using PoS to some extent, and they have seen 40 per cent of their supply staked on average. According to Diar, almost $4 billion is staked, nearly half of it with EOS.
More PoS projects to be launched later this year, Diar reports. At least half a dozen blockchain PoS projects have already been announced.
TAGS
