Ethereum Shifts to Proof-of-Stake Network Amid Uncertainty Over Staking Rewards

Ethereum is a blockchain that allows developers to deploy code and users can call this code. The network's native token, ETH, pays for the computing power behind every transaction.

The Ethereum network has moved from mining to proof-of-stake in 2022, where over a third of circulating ETH is staked, earning validators low single-digit yields.

Ethereum's biggest activity shift is happening away from its own base layer, with layer-two networks now processing several times more daily transactions than Ethereum itself.