• Huobi Ethereum 2.0 staking
    Ethereum

    Huobi announces ETH staking support ahead of Ethereum 2.0 launch

    The crypto exchange will allow its users to stake Ether by pressing a single button, a necessary step to the shift to a proof-of-stake consensus mechanism

    The announcement explains that the users will be able to change their Ether into Beacon Ether (BETH) and receive staking rewards for securing the new blockchain.

  • Ethereum,  Technology

    ETH 2.0 to launch on Dec. 1 as deposit contract milestone reached

    The Phase 0 beacon chain of the ambitious upgrade will make its long-delayed debut next week. But it’s going to be a challenging couple of years for Ethereum developers

    A minimum of 524,288 ETH (worth $316 million at the time of writing) needed to be staked, locking it up into the contract for the ETH 2.0 upgrade to commence.

  • Bison Trails double-signing software
    Technology

    Bison Trails tries to ‘de-risk’ staking with double-signing protection software

    In what is described as an industry first, the company wants to minimize penalties for customers running a node on a proof-of-stake network

    The technology “addresses one of the most unaddressed problems” in the industry: slashing penalties costing a validator part of their stake if a message is double-signed for the same block.

  • Bison Trails supports ETH 2.0
    Ethereum

    Bison Trails rolls out support for Ethereum 2.0

    Platform co-founder Aaron Henshaw said he believes the first iteration of ETH 2.0 will launch this year, as Vitalik Buterin’s blockchain moves from proof-of-work to proof-of-stake

    ETH 2.0 will see the network transition from an energy-draining, expensive proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). This will effectively make miners obsolete, as blocks will instead be verified by validators who stake 32 ETH in order to run a node.