Non-custodial Ethereum 2.0 staking platform, Blox, is developing a technological solution that will permit its users to pool their Ethereum [ETH] cryptocurrency to urge past the edge required for staking when the upgraded network goes live.
The cryptocurrency accounting service provider revealed earlier today that it’s working alongside the Ethereum Foundation to develop “secret shared validator” nodes.
By creating a network of decentralized staking pools, Blox said it might permit users to aggregate their ETH and reach the specified 32 ETH to stake on the network.
“Permitting ETH stakers to hitch the network and generate rewards with any amount of ETH is pivotal for creating Eth 2.0 accessible for everybody,” added Blox’s CEO Alon Muroch.
In line with Blox, the whole process is “completely decentralized” and will permit “maximum security” for the Ethereum network and for those users looking to stake thereon.
The long-anticipated Eth 2.0 upgrade will reshape the world’s largest smart contract platform as it transitions from PoW to PoS.
The move faraway from PoW to PoS is meant to enhance upon Ethereum’s scalability issues stemming from its inability to handle an outsized number of transactions.