In anticipation of Ethereum’s expected switch to proof-of-stake (PoS), cybersecurity company Cloudflare is set to launch and fully stake Ethereum validator nodes in the coming months.
Its objective is to study the energy efficiency, consistency management and speed of the PoS network as part of its commitment to environmental sustainability and to help “build a better Internet”.
Cloudflare was founded in 2010 and offers web security services such as Distributed Denial of Service (DDoS) mitigation. to protect customers from DDoS attacks.
Cloudflare said it was experimenting with the “next generation of Web3 networks that are adopting proof of stake”with Ethereum being first in line for the company.
Right now, it appears that the merger and transition to a PoS consensus mechanism is scheduled to go live in Q3 or early Q4 this year—barring further delays—and Cloudflare notes that this will lead to “significant energy efficiency improvements” for the network.
According to a Monday blog post, the company will launch and stake Ethereum validator nodes — 32 Ether (ETH) per node is needed — in the coming months. You didn’t specify how many nodes, or any specific start date:
“Cloudflare will be participating in the research and development of the core infrastructure that helps keep Ethereum secure, fast, and energy efficient for all.”
“These nodes will serve as a testing ground for research on energy efficiency, consistency management, and network speed,” the blog post adds.
The company said that the tests are related to its commitment to the environment and help pave a path “that balances the clear need to dramatically reduce the power consumption of Web3 technologies and the ability to scale Web3 networks by orders of magnitude.”
Cloudflare noted that Ethereum’s upcoming upgrades will significantly reduce its power consumption as it moves away from “challenging” proof of work (PoW) modelfor the environment, which has been at the forefront of Web3 adoption, but “doesn’t scale well with the usage rates we see today.”
“The power required to run a Proof of Stake validator node is magnitudes less than a Proof of Work miner. Early calculations by the Ethereum Foundation estimate that the entire Ethereum network could use as little as 2.6 megawatts of power. Put another way , Ethereum will use 99.5% less energy after the merger than today.”
Although the company has not specified which project it will focus on next, it has anticipated that will work with partners from “the crypto, Web3, and infrastructure communities” in the future.
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