The Ethereum validator enter queue has extended to a whopping 45 days. Here's why.
The Ethereum validator enter queue has extended to a whopping 45 days. Here’s why.
This year, Ethereum’s network officially transitioned to a Proof-of-Stake consensus algorithm, leaving Proof-of-Work forever behind.has had on the protocol is that there are no longer Ethereum miners. Validators secure the network now, and the path to becoming one is supposed to be tremendously simplified – deposit 32 ETH to the staking contract and run the appropriate software.
But it turns out that there’s quite a queue for validators lined up, and becoming one might take some time.You read that right – if you have ETH to spare and you want to invest in securing the network and earn rewards for this important task, you’d have to wait… a lot. It appears that becoming a validator is something so sought after that the queue keeps on increasing.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 DaysThe embattled crypto lender has deposited $745 million of ETH to staking contracts in the last two days, significantly stressing the already-long waiting time to deploy new validators to the Ethereum network.
Read more »
XRP Ledger's Ambitious Plan to Dethrone Ethereum UnveiledXRP Ledger aims to dethrone Ethereum with its upcoming innovation xrp xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple $xrp
Read more »
Ethereum (ETH) Total Fees Fall 16% as Meme Token Mania RecedesEthereum (ETH) total fees fall 16% amid declining interest in meme tokens ETH $ETH
Read more »
Tron (TRX) Now Fully Accessible on Ethereum, Here's HowTron blockchain can now be accessible in totality on Ethereum network
Read more »
Microsoft pens AI cloud computing deal with former Ethereum miner CoreWeave: CNBCWith more than $400 million worth of funding raised in 2023, and a supposed Microsoft deal on the books, CoreWeave has grown significantly since pivoting from Ethereum mining.
Read more »
Time for Ethereum to Pass Torch to Cardano: ADA Community SaysCrypto Capital Venture CEO has cited ADAcommunity, saying that it is time for Ethereum to make way for Cardano. $ADA $ETH
Read more »