Live Training #8 - Ethereum Staking 2.0

Ethereum 2.0 is a long-term upgrade to the Ethereum network that will improve its security, scalability, and speed of transaction whilst making it more suitable for a variety of next-generation cryptocurrencies and services. Ethereum 2.0’s proof-of-stake (PoS) form presents a myriad of opportunities for crypto investors, as well as Ethereum use cases.

Ethereum staking provides investors with the opportunity to earn free ETH rewards from transaction fees just by staking their existing Ethereum tokens themselves or through a staking pool.

Ethereum 2.0 staking is the act of making a deposit of a minimum of 32 Ether (ETH) in a staking wallet and connecting it to the Ethereum network to help activate validator software and maintain and secure the blockchain.

Validators are required to retain data, process Ethereum transactions and submit new blocks to the Ethereum blockchain thereby enhancing the overall security of the network with its collateralized assets. Validators reap the rewards for their service by receiving new ETH fees.

However, validators need to keep their staked ETH in an Ethereum wallet and connected to its blockchain where it is locked until the validator decides to remove his stake.

By following this live training, you'll fully understand how staking works on ethereum 2.0.