_this-entrepreneur-is-building-a-more-secure-future-for-crypto-users-by-bringing-competitors-together.jpg "This Entrepreneur Is Building A More Secure Future For Crypto Users By Bringing Competitors Together from eps meaning in finance Video Screenshot Preview")
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⏲ Duration: 15:36
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✓ Published: 14-Apr-2024
👁 View: 44.5M times
✓ Published: 14-Apr-2024
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Like high-yield savings accounts that accrue interest, proof of stake blockchains like Ethereum encourage users to lock away their cryptocurrency for the sake of the network's security in exchange for more of the currency over time. It's a process called staking, but the caveat is that getting the ether back out can be a long and unpredictable process. Mara Schmeidt, 29, wants to solve this problem with her software company Alluvial. Alluvial works with clients like Coinbase, Bitcoin Suisse, Figment and six other crypto platforms to stake ether for their users. Thanks to Alluvial, ether owners are able to sell their cryptocurrency to users on competing platforms--increasing the pool of potential buyers. \
Like high-yield savings accounts that accrue interest, proof of stake blockchains like Ethereum encourage users to lock away their cryptocurrency for the sake of the network's security in exchange for more of the currency over time. It's a process called staking, but the caveat is that getting the ether back out can be a long and unpredictable process. Mara Schmeidt, 29, wants to solve this problem with her software company Alluvial. Alluvial works with clients like Coinbase, Bitcoin Suisse, Figment and six other crypto platforms to stake ether for their users. Thanks to Alluvial, ether owners are able to sell their cryptocurrency to users on competing platforms--increasing the pool of potential buyers. \
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