Demand for Ethereum Validators Grows as Investors Seek Passive Income from Staking

05/16 01:36

Cryptocurrency investors looking to profit from their ether (ETH) holdings must wait almost a month before they can establish themselves as validators on the Ethereum network. Data from two sources showed that the waiting times to lock ether remain at 640 hours, or around 26 days. However, leaving the network takes only 0.013 hours, or less than a minute. Validators are entities within a proof-of-stake blockchain, such as Ethereum, that process transactions and help maintain the overall security of these networks. According to the data, there were around 50,000 validators in a "queue" waiting to enter the network in May.

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