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Why Bitcoin “Staking” Will Boom in the Coming Years
Three ways to boost your Bitcoin bags.
With Bitcoin reinforcing its position as one of the world’s top assets by market capitalisation (currently the eighth-largest), many savvy investors are exploring viable ways to earn passive income on it, particularly for medium- to long-term holdings of BTC.
While Peercoin is credited as being one of the first cryptocurrencies to implement proof-of-stake (PoS) in 2012, under its hybrid Proof-of-Work (PoW)/PoS setup, the idea of staking your crypto started gaining traction around 2018–19, when Tezos, Cosmos, Algorand, and Cardano rolled it out on their networks.
One of the minor downsides to Bitcoin is that, unlike ETH, BNB, ADA and other major altcoins, it doesn’t offer native staking, as it relies on PoW, i.e., mining, to help secure its network and propose blocks.
Bitcoin “staking” is gaining interest among retail and institutional investors.
However, there has been a growing push in recent years to find viable workarounds, three of which come to mind.
