Cryptocurrency news

Bison Trailers announced early support for Ethereum 2.0 validators

Bison Trailers announced early support for Ethereum 2.0 validators

Infrastructure solutions provider Bison Trails has announced support for the Ethereum 2.0 update, aimed at switching the network from a proof-of-work (PoW) algorithm to a proof-of-stake (PoS) algorithm.

Bison Trails offers a set of enterprise tools that will allow users to interact with the Beacon Chain, stake in ETH, and automatically manage validators and their clients. Bison Trails CEO Joe Lallouz noted that the transition to Ethereum 2.0 is important for the entire cryptocurrency ecosystem. The update will provide new options for scaling the Ethereum blockchain.

Ethereum 2.0 is aimed at eliminating delegated staking using an aggregator – each user of Ethereum 2.0 will be able to perform staking with 32 ETH, and for staking more coins, additional nodes will need to be installed. In such cases, Bison Trails will provide “remote” hardware to install the desired number of nodes. The coefficient of remuneration for validators will be up to 23% of the amount of staking made in ETH.

Bison Trails technical Director Aaron Henshaw) he also stated the need for a smooth transition of the community, coin holders and the entire blockchain ecosystem to Ethereum 2.0. Therefore, Bison Trails is ready to provide its technical partners with a fully managed infrastructure and consolidated APIs for the secure management of non-custodial offers of Ethereum 2.0.

Recall that in April, Coinbase Custody planned to add dot coin staking after the launch of the Polkadot blockchain, using bison Trails infrastructure solutions. In addition, in January, Bison Trails joined the Proof of Stake Alliance (POSA), calling on us regulators to develop regulations that clearly regulate betting and its taxation.