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Staking on Ethereum 2.0 attracts the attention of Ether Capital Corp., announces Initial commitment

Staking on Ethereum 2.0 attracts the attention of Ether Capital Corp., announces Initial commitment

It just seems yesterday since the Ethereum community celebrated their recent milestone by activating the Beacon Chain, thus launching Ethereum 2.0 on December 1. Five years of sheer hard work from the developer and crypto community led to this reality. This year, 2020, has surely been a rollercoaster for the crypto community.

In a recent blogpost, Toronto based publicly-traded company; Ether Capital Corporation has announced active participation in Ethereum 2.0 staking on the Beacon Chain. It has further revealed about running a validator node on the Ethereum network. Ether Capital is a company that invests in businesses that adopt Web3 technologies (decentralized) and Ethereum.

By migration from POW to POS, Ethereum has bestowed the network’s responsibility on the Ethereum holders in terms of verifying transactions and earning block rewards.

Staking aspects of Ethereum 2.0

The company further elucidated the staking aspects wherein the staking game’s minimum threshold is 32 ETH. This is approximately US$20,000 in value. The requirement is to be sent from the Ethereum blockchain to Ethereum 2.0. Therefore, the minimum threshold allows running one validator node on the network with 32ETH deposited. According to the Ethereum Foundation, the stakers earn 16% as an Ether-staking return/yield. While verifying transactions, the validators will be simultaneously participating in the consensus of the network.

In an official statement, Ether Capital’s CEO, Brian Mosoff, expressed how the company participating in Ethereum 2.0 staking had been on the roadmap since the start. He further expressed his excitement about the historic launch of the latest upgrade.

“The launch of Ethereum 2.0 is an exciting and historic milestone in the digital asset space and we are thrilled to be part of it by running a validator. The transition to staking has been part of Ether Capital’s roadmap since inception and means that Ether holders are now able to generate an Ether-denominated return, or yield, by participating in network validation.”

Brain Mosoff, CEO Ether Capital Corporation

Mr. Brain Mosoff further expressed Ether’s active involvement in the Ethereum eco-system during the days ahead. He notifies that if the Ethereum 2.0 blockchain functions steadily, the company would look for substantial staking evaluating the involved risks.

Ether Capital Corporation withholds 32,407 ETH and 2,300 MKR at the time of this publication. The probability of Ether Capital’s commitment to Ethereum 2.0 staking in the future seems to be optimistic. Moreover, Ether partners with Staked to run its Ethereum validator node.

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