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Alexandre Wolff – Live Training #8 – Ethereum Staking 2.0 – EatTheBlocks Pro
Live Training #8 – Ethereum Staking 2.0
Ethereum 2.0 is a long-term upgrade to the Ethereum network that will improve its security, scalability, and speed of transaction whilst making it more suitable for a variety of next-generation cryptocurrencies and services.
Ethereum 2.0’s proof-of-stake (PoS) form presents a myriad of opportunities for crypto investors, as well as Ethereum use cases.
Ethereum staking provides investors with the opportunity to earn free ETH rewards from transaction fees just by staking their existing Ethereum tokens themselves or through a staking pool.
Ethereum 2.0 staking is the act of making a deposit of a minimum of 32 Ether (ETH) in a staking wallet and connecting it to the Ethereum network to help activate validator software and maintain and secure the blockchain.
Validators are required to retain data, process Ethereum transactions and submit new blocks to the Ethereum blockchain thereby enhancing the overall security of the network with its collateralized assets. Validators reap the rewards for their service by receiving new ETH fees.
However, validators need to keep their staked ETH in an Ethereum wallet and connected to its blockchain where it is locked until the validator decides to remove his stake.
By following this live training, you’ll fully understand how staking works on ethereum 2.0.
Make sure to book your seat and join us
PART I: WHAT IS ETH2?
Where are we in the update
What happens when we stake
PART II: STAKING ON ETH
How it works
Comparison with another blockchain
PART III: WHAT HARDWARE?
Minimum requirements
Selection criteria
Self Hosting VS Using a VPS
Hardware choicesRaspberry Pi
Zotac
VPS ChoicesAWS
Digital Ocean
Contabo
PART VI: RUN SOFTWARE
What we will do
Download client
Import validator keys
Run beacon node
Run validator
Launchpad deposit process
PART V: RUN MONITORING
Install Promoetheus
Install Node Exporter
Install Grafana
PRE-REQUISITES
Linux
Basics of NodeJS
Basics of the command line
Ethereum
Solidity
ERC20
Truffle
Required software:
Code editor (ex: Visual Studio Code)
A terminal (for Windows users, you can use the bash emulation of git for windows)
NodeJS
Truffle
Works on Windows 8/10, recent versions of Ubuntu & MacOS
Your Instructor
Alexandre Wolff
Alexandre is a software developer specialised in the Ethereum ecosystem. He collaborates with different companies needing expertise on blockchain technology, being in charge of consulting and technical implementation. He has notably worked with several startups that have raised millions in funding.
