Cloudflare has announced plans to launch full-fledged nodes for validating Ethereum transactions. The company will need to purchase ETH in order to use the coins for staking.
AT article The company’s blog notes that the launch of nodes for validating Ethereum transactions will allow Cloudflare to evaluate and study the efficiency, network speed and block filling management in networks based on the Proof-of-Stake algorithm. The main goal of the company is to “create a better Internet”.
Cloudflare does not say exactly how many validators Cloudflare wants to host on its facilities. However, the article notes that the node rollout will take place in the coming months. Recall that to run a full-fledged validator, you need to stake 32 ETH coins for each node.
Cloudflare was founded in 2010 and is now one of the largest data distribution (CDN) and DDoS protection services. The company’s annual revenue is about $650 million. At the same time, the developers, as the article says, are “experimenting with next-generation networks for Web3, which are built on the basis of Proof-of-Stake.”
“Cloudflare will be involved in the research and development of the core infrastructure to help Ethereum stay fast, secure and energy efficient. The amount of energy to run a Proof-of-Stake validator is much lower than a Proof-of-Work miner. According to preliminary estimates, after the transition, Ethereum will consume 2.6 MW of energy. This is 99.5% less than now,” the article says.
Back in 2019, Cloudflare launched a gateway to the Ethereum blockchain. With it, users can interact with the network without installing additional software.
Source: Bits
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