Ethereum staking is picking up steam like never before and we see not only individuals, but large enterprises jumping on the bandwagon. To date, there is over $24 billion worth of ETH already staked, with over 54,000 validators patiently waiting for the merge to advance. Furthermore,is set to turn into a financial tool that will be akin to everyone’s personal bank.
Security is another factor that lies at the heart of the transition. Blockchains are usually governed by their participants. Whilst POW required one to run an extensive amount of hardware to make governing changes on the network, POS cancels that at its roots. Once Ethereum proof of stake starts processing transactions, validators will risk losing their funds for any “bad actor behaviour” on the blockchain.
Unfortunately having a validator node doesn’t grant you access to a beacon by default. See, having a validator node ready is great, but you then need to connect it to a beacon node and the only way to do it, is to either connect to an existing node or set up your own. Given the technical aspect of the installation and managing a beacon node , it makes little sense to do it yourself when running a single validator. According to CEO of Launchnodes Jaydeep Korde, beacon nodes become purposeful for people that are running over minimum 5 nodes. Then again, it is your safety and infrastructure requirements that govern such decisions, and with Launchnodes nothing stops you from operating a 1 validator and 1 beacon node architecture.
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