Explainer: How Shariah compliance will resolve barriers to institutional participation in blockchain staking
The rapid adoption of frontier technologies is often accompanied with regulatory complexities and ethical scrunity. As Muslim consumers become increasingly conscious of their investment options, companies are looking to lean into values-based alignments.
ZIGChain, a blockchain ecosystem that supports decentralized finance and real-world asset tokenization, recently received a Shariah nod from Amanie Advisors for its proof-of-stake consensus mechanism, helping obviate a long-standing barrier to blockchain adoption.
Blockchain staking is essentially the process of locking up cryptocurrencies to help secure a blockchain network in exchange for rewards, similar to earning interest in a savings account.
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