Staking and masternodes are similar in many ways. Staking is walking on a similar path that masternodes took in 2017. Back then, masternodes were trusted by many crypto enthusiasts as insurance against losses. Many viewed them as altcoins to protect against excessive price volatility. Now, staking is reaching similar ‘obsession’ levels and is being viewed skeptically. Recently, the chief executive officer of Binance, Changpeng Zhao, expressed his views in a tweet where he claimed that the world is repeating the masternodes saga. The stark comparison of staking and masternodes was made in response to the cryptocurrency exchange launching the Algorand
