✅How to Participate in ETH 2.0 Nodes

Note: Not Financial Advice, Do Ur Own Research

Recommended wallet:

Chrome extension: TokenPocket extension wallet

Mobile terminal: TokenPocket

Click to view the TokenPocket extension tutorial

What is ETH2.0

Ethereum 2.0, also known as Eth2 or “Serenity,” is the first upgrade to the current Ethereum blockchain. The upgrade aims to enhance the speed, efficiency, and scalability of the Ethereum network as well as making it more secure and sustainable. To accomplish this, Ethereum will change its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS).

Four development phases of ETH2.0

Ethereum 2.0 means to solve the consensus and scalability issues of Ethereum, while the Beacon Chain proposes a new concept based on the consensus problem, and the Shard Chains is presented with the scalability problem. Ethereum 2.0 is divided into four phases, namely as follows:

Phase 0: Beacon Chain

Phase 1: Initiate the Shard Chains

Phase 2: Get into eWASM

Phase 3: Off-chain state storage

The launch of the Beacon Chain on December 1, 2020 means that Eth2.0 officially starts the era of Staking. In order to allow more users to participate in Eth 2.0, TokenPocket wallet has launched the Ethereum 2.0 node staking service.

Ethereum 2.0 node staking service

1、Open TokenPocket, click eth2.0 in the shortcut toolbar to enter the DApp to stake. The entire interface is very simple. You can switch between “Stake” and “Node Rewards” to conduct the main operation. According to the prompt, the minimum staking amount is 0.1ETH. After staking, you can view the historical record in “Transaction Record”.

2、What needs to be reminded here is: please click “Details” and carefully read the rights or obligations, including the requirements for exit or reward collection, and then make a decision after fully understanding.

Click “Node Rewards” to view the rewards obtained after staking.

3、Fill in the stake amount, click “Participate Now” to enter the transfer page, where you can set the miner fee flexibly, for example, choosing “Fast” can accelerate the completion of staking.

Yield reference chart (for reference only)

The relationship between the amount of ETH staked and the rewards

Three advantages of ETH2.0 staking service

NO.1 Low threshold

Users can participate in staking with a minimum investment of 0.1 ETH, and they do not need to invest hardware and energy to operate nodes by themselves, and can enjoy the rewards after staking.

NO.2 Quit freely

Users no longer need to endure 1-2 years of lock-up, and can quit with the settlement rewards at any time. TokenPocket wallet will provide ETH acceptance service, and you can take back your staked ETH and rewards freely when exiting.

NO.3 The platform bears penalties and slashings

The slashing (node ​​confiscation) caused by improper operation of TokenPocket shall be borne by TokenPocket, and users do not worry about it. (Note: The slashing caused by the Eth 2.0 node running client officially provided by ETH or the bug of the Eth 2.0 contract is not covered.)