Tokens.com - The Premier Staking and DeFi Company
Decentralized finance differs from traditional banks because there is no centralized system. It can be risky.
Ethereum will be completing the transition to Proof-of-Stake in the upcoming months, which brings a myriad of improvements that have been theorized for years. But now that the Beacon chain has been running for a few months, we can actually dig into the numbers. One area that we’re excited to explore involves new energy-use estimates, as we end the process of expending a country’s worth of energy on consensus.
Proof of stake is an alternative to proof of work (PoW), which Bitcoin and Ethereum currently use. Proof of stake is a consensus mechanism, which makes sure that only legitimate transactions get added to blocks.
"DeFi is already revolutionizing financial services and more change is likely on the way." -Andrew Kiguel
So what’s the future of finance? Is decentralized finance better than the current financial system? What problems does it solve? And does it have a chance to improve or completely replace traditional finance? You’ll find answers to these questions in this video.
2020 was transformative for staking, bringing the emergence of many new proof-of-stake networks, which now represent 25 of the top 100 blockchains in terms of market capitalization.