With Ethereum 2.0’s much-anticipated move to Proof-of-Stake getting closer, CoinDesk Research Analyst Christine Kim spoke with Ben Edgington and Vijay Michalik on what would-be validators need to know.
“There are indeed responsibilities that come with [Ethereum 2.0 staking]. You can’t just stake and leave it. You need to run what we call a client or a validator software.”
That’s Ben Edgington, the product owner of Teku at ethereum venture capital studio Consensys. Teku is one of five software clients currently being battle-tested on the official Ethereum 2.0 test network, Medalla.
These clients will connect users to the highly anticipated proof-of-stake blockchain aimed at significantly boosting Ethereum transaction speeds and throughput. Ethereum 2.0 clients like Teku will also enable users to earn rewards as validators on the new network.
Similar to the role of miners on the current Ethereum blockchain, validators on Ethereum 2.0 will be responsible for processing transactions and creating new blocks. What