STACKING

Ethereum mainnet merge In August this year, the ETH goerli test network was merged 2.0, I also participated in the test network merge, the whole process was successful, I used lighthouse as the ETH Consensus layer, geth as the Execution layer, the current test network running validator node status is good. In the coming September, the main ETH network will be merged with 2.0, and I also ran the Consensue Layer and Execution Layer separately, so I hope this major merger will be completed successfully. ...

Review ETH2.0 Phase0 BeaconChain Blog In December of 2020, ETH went online with the 2.0-0 stage beacon chain, the underlying application of ETH 2.0 Proof of Stacking (pos), which is not like the ETH 1.0 main chain that is running now, there is no smart contract nor account management on Beacon Chain, its main function is the 2.0 consensus mechanism, users protect the security of the whole 2.0 main network by pledging. In stage 0, users can only pledge ETH tokens and cannot run contracts or transfer money. ...

Summary This article will not go into too much technical details about ETH, but will mainly deal with how to become a validator of ETH 2.0. At the end of this year, ETH will complete the stage 0 upgrade, migrating from PoW proof-of-work to PoS proof-of-stake. Before myself at the company’s hackathon com , I thought about how to use the excess arithmetic power to do something valuable. PoW is theoretically more wasteful of energy, and miners buy a lot of mining machines for computing, while after adopting the PoS mechanism, by becoming a validator, we can finish the Instead of buying a lot of mining machines to generate new blocks like PoW, to become a validator you need to lock a certain amount of cryptocurrency as proof of interest, if you run a verifying node to verify a block and check if all the transactions inside are valid, if it passes, you will receive a reward in return. ...