Top Bitcoin Mining Pool Foundry Starts Digital Currency Staking Business

Posted on by American Coins & Gold

Top Bitcoin Mining Pool Foundry Starts Digital Currency Staking Business
Foundry Digital, which is among the world’s top five bitcoin mining pools, launched a new business called “Foundry Staking” to provide services to institutions related to various proof-of-stake (PoS) blockchain networks.“We have made significant investments in engineering talent and PoS infrastructure to replicate our mining success in the fast-growing staking industry,” said Foundry CEO Mike Colyer, in a statement on Wednesday.Proof-of-stake is the name of the consensus mechanism that requires users to stake an amount of cryptocurrency to become validators, as opposed to Bitcoin’s proof-of-work that requires users to purchase and run mining equipment.Foundry will tailor its staking business to…