RATE Group | Coinbase and Bison Trails Join Proof of Stake Alliance
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Coinbase and Bison Trails Join Proof of Stake Alliance

02 Feb Coinbase and Bison Trails Join Proof of Stake Alliance

Posted at 18:16h in Cryptocurrency News by

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Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance (POSA), an advocacy group for Proof of Stake (PoS) technology.

The POSA Welcomes Two New Members

Coinbase Custody and New York-based Bison Trails, a blockchain technology platform company and one of the few remaining Libra Association members, join the likes of Tezos, the Interchain Foundation, and the Web3 Foundation in the alliance.

The aim of the alliance is to educate regulatory and policy stakeholders on Proof of Stake technology, an increasingly prominent component of the cryptocurrency and blockchain ecosystem.

As Sam Mcingvale, CEO of Coinbase Custody said on joining the POSA:

“Proof of Stake is an increasingly important innovation that the crypto space as a whole is rapidly trending toward. POSA is playing a critical role by engaging with lawmakers and regulators to educate them on emerging POS technology. It’s our hope that through the work of organizations like POSA, we’ll start to see meaningful…

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