For Ethereum, it is better late than never.
After months of anticipation and development on the Ethereum 2.0 network, the organization’s official blog announced the release of the ETH2 validator launchpad(testnet version).
Alongside Consensys and DeepWork Studio, the blog mentioned that the launchpad is officially live and validators would be able to keep track of their deposit into the upcoming Medalla multi-client testnet. Additionally, the blog post added that the objective behind the release of the launchpad is to ease the process of becoming an ETH2 validator, without compromising on the security and education of the new network.
The post stated,
“In contrast to using a third-party service, running your own validator comes with the responsibility of managing your own keys. This responsibility brings with it an inescapable tradeoff between ease-of-use, security, and education.”
The post continued to explain the reward aspect of the validator in order to make sure the users have a good grasp over the amounts of reward each validator stands to receive.
The rewards are not fixed for each validator and it will vary according to the amount of ETH staked in the network. It said,
“In plain English, if the total amount of ETH staked is low, the annual reward is high, but as the total stake rises, the reward received by each validator starts to fall.”
Launchpad may improve Ethereum’s current rally
For Ethereum the launchpad announcement could not have arrived at a better moment. There is already a major buzz around the industry with regards to Ethereum’s bullish rally at the moment. Ehtereum is currently valued at $316 and the aforementioned development can largely push its stock higher in the next few days.
If Ethereum surpasses $335 within the next few weeks, it will cross the yearly-high set back in 26th June 2019, after already breaching past its yearly-high of 2020 at $289.
At press time, Ethereum had a market cap of $35 million.