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Meria, a financial services company based in Metz, announced that users can stake Ether (ETH), the second-largest cryptocurrency after Bitcoin in terms of market capitalization, through their platform. Meria shared its statement in a July 30 post on X.
"Created on July 30, 2015 by @VitalikButerin, Ethereum is the 2nd most capitalized crypto on the market and a pioneer in our eco-system," said Meria. "Ether is not just a digital currency, it is a decentralized platform that allows the creation of smart contracts and decentralized applications (dApps). You can stake your $ETH on http://meria.com, or directly on-chain via our interface."
According to Coinbase, staking crypto is "a way of earning rewards while holding onto certain cryptocurrencies." Only certain cryptocurrencies allow staking, including Ethereum, Tezos, Cosmos, Solana, Cordana, and others. Crypto earns rewards when staked because the blockchain puts it to work through a mechanism called "Proof of Stake," which is a way to ensure that "all transactions are verified and secured without a bank or payment processor in the middle."
Meria CEO Owen Simonin
| meria.com
