At Netcoins, you are eligible to stake your Ethereum (ETH), Solana (SOL) and Cosmos (ATOM) balances.
We intend to add additional cryptocurrencies to our staking service in the near future.
It’s interesting to note that not all cryptocurrencies are eligible to be staked because they do not all use the proof-of-stake consensus mechanism. Instead, some cryptocurrencies, like Bitcoin (BTC), use a proof-of-work consensus mechanism, which relies on miners solving complex mathematical problems to validate transactions and create new blocks. As proof-of-stake continues to gain popularity, more cryptocurrencies are likely to adopt this consensus mechanism and offer staking as a way for their holders to earn rewards while supporting the network. However, the decision to adopt proof-of-stake ultimately depends on each individual cryptocurrency project's goals and technical requirement.