Cloudflare will publish validation nodes when moving from Ethereum (ETH) to Proof-of-Stake (PoS)

Cloudflare wants to invest in Ethereum (ETH)

Cloud Flarethe American web giant has expressed interest in Proof of Stake (PoS) Compatibility Modelwhich is what Ethereum (ETH) will take after the famous merger:

Cloudflare sees a proof-of-stake model, and specifically Ethereum, As the future of web 3.0Which is why the company wants to publish a validation contract in order to secure the blockchain, once its consensus model has changed.

In addition, the company is confident in the added value it can bring to the network, in particular thanks to its protocol-based solutions interplanetary file system (IPFS). The latter allows Geodecentralization of data storageunlike Data Center Web classics, as they are mostly created today.

With the extension, Cloudflare also opens a file Gateway and storage services for Ethereum to the general public.

👉 Going Ahead – Find Our Guide to Buying Ethereum (ETH)

Critical opinion on proof of work

Cloudflare shows itself in its report Skeptical about the usefulness of the Proof of Work (PoW) form On which Bitcoin (BTC) is based, for example. For the company, the computational complexity needed to solve the mathematical puzzle inherent in this consensus is that it generates an enormous waste of energy.

Here we return to it Eternal Argument which divides the followers of the two models. If Bitcoin’s high power consumption is a reality, this is often factored in with the low scalability of the network. However, this is without relying on the Lightning Network, which offers a very large capacity. all without increasing its energy consumption.

There are of course advantages and disadvantages to every blockchain technology and it may not be possible to reconcile every philosophy. The most important in this and Keeping abreast of various developmentsin order to be able to keep on its own in the future, which is currently being built.

👉 On the same topic – Migration of Ethereum (ETH) to Proof-Of-Stake postponed to Q3 2022

Sources: Cloudflare, IPFS

Newsletter 🍞

Get your cryptocurrency news feed every Sunday 👌 and that’s it.

What you need to know about affiliate links. This page displays the assets, products, or services related to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no effect on you and you can even get rewarded by using our links.

Investing in cryptocurrency is risky. Cryptoast is not responsible for the quality of the products or services offered on this page and cannot be held responsible, directly or indirectly, for any damage or loss resulting from the use of a good or service mentioned in this article. Investments related to crypto assets are of a risky nature and readers should do their own research before taking any action and invest only within their financial capabilities. This article does not constitute investment advice.

About the author: Vincent Mayor

Twitter- soothsayerdata

I shyly discovered the world of blockchain at the end of 2018 while searching for financial freedom. At first, I invested moderately, and after only two years, I took the risk of betting everything on the movement that was taking shape at the time. Then I devote 2021 to better training myself to gain more knowledge and earnestness. As I like to say often: I still have a billion things to learn. And what I know, I want to share with you.
All articles written by Vincent Meyer.

Leave a Comment