Live Training #8 – Ethereum Staking 2.0

Description

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


LIVE EVENT

When is the training?

August 10th, 11pm UTC+8
If you cannot access the live event, you will still be able to access the recording after

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 choices
Raspberry Pi
Zotac
VPS Choices
AWS
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