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Resources
Latest Resource
March 18, 2024
Why META is up +400% since 2022

Shares of META have ridden a tech-resurgence wave higher from […]

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Proof-of Stake: The Next Big Thing in Crypto?

June 25, 2021

Proof-of Stake: The Next Big Thing in Crypto?

LikeFolio data shows that there’s a new type of blockchain that’s gaining massive traction with investors: Proof-of-Stake.

Proof-of-stake also relies on users volunteering processing power to complete transactions, but instead of requiring puzzles to be solved, blockchain validators are selected (and rewarded) based on the number of native tokens they have purchased and "staked".

This method requires far less energy and ensures that blockchain participants have a vested interest -- Mentions of staking cryptocurrency show a rapid pace adoption rate: +907% YoY and +162% QoQ.

Many of the newer cryptos utilize this technology, and the rising rate of mentions is a promising sign for blockchain adoption going forward.

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PayPal, Square cashing in on crypto interest

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About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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