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24 October 2020

Blockchain Bites: Ethereum Power Users, Composability Questions, Staking Solutions - CoinDesk

Blockchain Bites: Ethereum Power Users, Composability Questions, Staking Solutions - CoinDesk


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Blockchain Bites: Ethereum Power Users, Composability Questions, Staking Solutions.

Staking solution Blox, a non-custodial Ethereum 2.0 staking platform, is developing a solution that will allow users to pool their ether (ETH) cryptocurrency to get past the threshold required for staking when the upgraded network goes live.

Blox’s solution, built alongside the Ethereum Foundation, utilized “secret shared validator” nodes to allow users to aggregate their ETH and reach the required 32 ETH to stake on the network?

The core of the new throughput capacity will come from a new architecture called “sharding.” Effectively, there will be multiple blockchains that check-in with each other via a beacon chain.

Ethereum users can transact inside the contract with security guarantees their transactions won’t be misused and they will settle to the mainchain.

Although there have been delays and progress hasn’t always gone smoothly, the testing has now been robust and the results raise the confidence that the new network will be ready within only a few weeks. ?

Director of Research Ria Bhutoria wrote that the crypto’s current market capitalization “is a drop in the bucket compared with markets bitcoin could disrupt,” arguing further that crypto is “fundamentally less exposed” to the “economic headwinds” that other assets will likely face. Bitcoin is therefore a “potentially useful” asset for uncorrelated return-seeking investors.

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