#rocketpool

[rocketpooll]

Rocket Pool - Decentralised Ethereum Staking Protocol

As the Ethereum network approaches the transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm, staking has become an increasingly important aspect of the ecosystem. PoS allows token holders to earn passive income by staking their tokens and helping to secure the network. However, not all users have the technical expertise or the required minimum amount of ETH to participate in staking. This is where Rocket Pool comes in.

Rocket Pool is a decentralized staking pool built on top of the Ethereum network, which allows users to stake their ETH and earn rewards without having to run their own validator node. The platform is designed to be user-friendly and accessible to all, regardless of their technical expertise or the amount of ETH they hold.

How Does Rocket Pool Work?

Rocket Pool is built on a smart contract system that allows users to deposit their ETH into a pool. The pool is then used to stake on behalf of all the users who have deposited their ETH. This means that users do not have to run their own validator node or maintain their own infrastructure to participate in staking.

Rocket Pool’s smart contract system ensures that the staking rewards generated by the pool are fairly distributed among all the users who have deposited their ETH. Rewards are distributed based on the amount of ETH each user has deposited and the length of time their ETH has been staked.

Users can stake any amount of ETH they wish, and there is no minimum amount required to participate. Rocket Pool also allows users to stake for any length of time, from a few days to several years. Users can withdraw their staked ETH at any time, but there is a penalty fee for early withdrawals.

RocketPool also offers a unique feature called “minipools”, which allows users to stake their ETH together with other users in a smaller pool. This can be particularly useful for users who do not have enough ETH to stake on their own, as they can pool their resources with other users to reach the minimum staking requirement.

Benefits of Rocket Pool

One of the main benefits of Rocket Pool is its user-friendliness. The platform is designed to be accessible to all, regardless of technical expertise, and it offers a simple and intuitive user interface that makes staking easy and straightforward.

Another benefit of Rocket Pool is its flexibility. Users can stake any amount of ETH they wish and for any length of time, and they can withdraw their staked ETH at any time (with a penalty fee for early withdrawals). This makes Rocket Pool a highly versatile staking platform that can accommodate a wide range of user needs.

Rocket Pool is also highly secure. The platform uses a smart contract system to ensure that staking rewards are fairly distributed among all users, and it has undergone extensive security audits to ensure that user funds are protected from hacking and other malicious attacks.

Finally, Rocket Pool offers a high level of decentralization. The platform is built on top of the Ethereum network, which is itself a highly decentralized ecosystem. This means that users can participate in staking without having to rely on centralized intermediaries, which can be vulnerable to hacking, censorship, and other forms of manipulation.

Conclusion

Rocket Pool is a decentralized staking pool that offers a user-friendly, flexible, and secure way for users to participate in staking on the Ethereum network. By allowing users to pool their resources together, Rocket Pool makes staking accessible to all, regardless of technical expertise or the amount of ETH they hold. With its focus on decentralization and security, Rocket Pool is poised to become a leading staking platform in the growing Ethereum ecosystem.

[ppcseo]

How to stake your Bitcoin WITHOUT giving up control? #noncustodialbtcstaking #bitcoin #btc

#BitcoinStaking #ControlledStaking #NonCustodialStaking #PassiveIncome #CryptocurrencyInvesting #BTCHoldings #FullCustody #Stakecube #Staked #StakingRewards #ValidatorNode #ProofOfStake #Delegation #LidoFinance #HardwareWallet #LedgerNanoX #TrezorModelT #DecentralizedStakingPool #RocketPool #Research #RiskManagement #ReputableService #CryptoExchange #ExclusiveOffers #Promotions #BingX

[agentbingx]

How to stake your Bitcoin WITHOUT giving up control?

#BitcoinStaking #NonCustodialStaking #EarnPassiveIncome #MaintainingControl #CryptocurrencyInvesting #BTCHoldings #Stakecube #Staked #StakingRewards #ValidatorNode #ProofOfStake #Delegation #LidoFinance #HardwareWallet #LedgerNanoX #TrezorModelT #DecentralizedStakingPool #RocketPool #EarningRewards #MaintainingOwnership #SecurityAndControl #CryptoInvesting #StakeBitcoin #StakingService #BingXPromotions #ExclusiveOffers

[bitcoincables]

Bitcoin and Ethereum Resilient Against 51% Attacks: CoinMetrics Research

According to research from CoinMetrics, Bitcoin and Ethereum are now resilient to 51% attacks, which are attacks on a blockchain network. These attacks occur when a group of miners or malicious actors control more than half of the network's mining power or nodes, giving them control over the network. However, the researchers found that it is now too difficult and expensive to execute such attacks on these two largest blockchains.

The researchers quantified the Total Cost to Attack (TCA) of these blockchains and discovered that it would be more expensive to carry out a malicious attack than to participate in the network honestly. To attack Bitcoin, someone would need to buy 7 million ASIC miners, costing over $20 billion. Even if a nation-state attacker had the financial resources to manufacture their own ASICs, the cost would still be prohibitively high. The researchers estimated that attacking Ethereum would cost more than $34 billion. These high costs make it economically infeasible for attackers.

One potential concern was the threat from Liquid Staking Derivatives (LSDs) provided by staking services like Lido and RocketPool. However, the researchers clarified that attackers would not be able to use LSDs to gain access to block templates. Additionally, the researchers found that colluding nodes controlled by these staking services would not be able to disrupt the network's finality, as their combined control is still below the economic security threshold of 33%.

Read the original article

#Bitcoin #Ethereum #51PercentAttacks #BlockchainSecurity

[douglasstoby]

Digifinex Labs: Coinbase, Lido, and RocketPool Tokens Surge as BlackRock Signals Potential ETH ETF

Coinbase (COIN), a prominent crypto exchange that holds a substantial market share in ETH staking, saw an 8% increase at press time. Coinbase charges a 25% commission on user rewards earned through staking.

Governance tokens of Lido Finance (LDO) and RocketPool (RPL) also experienced notable jumps, with LDO up 7% and RPL up 8% over the past 24 hours, according to CoinDesk data. These movements reflect the market’s response to the BlackRock ETH ETF news and the broader impact on related platforms and assets.

Get your $550

Registering DigiFinex now grants you a newcomer’s package worth $550: Click to register

If you want to receive all the rewards, please contact me: Telegram

About DigiFinex

[blockchainfeed]

Asset management giant BlackRock registered a Delaware company for a spot ether trust, fueling speculations about a potential ETF filing. #Blockchain #Crypto

[ailtrahq]

Vitalik Buterin, Ethereum’s co-founder, has put forward a series of solutions to bolster the decentralization of staking pools and protocols. He also proposed solutions to reinforce these protocols’ security against potential attacks. These suggestions follow a previous proposal shared by Buterin on possible changes that can be made to the Ethereum network. Addressing Decentralization Concerns Buterin’s recommendations directly address the existing challenges within the staking process. He addresses the concerns of centralization risk among node operators and the burden on the consensus layer. The selection process for node operators across various staking pools, according to Buterin, suffers from decentralization issues. The current Layer 1 (L1) consensus mechanism also faces an overhead in authorizing transactions. To mitigate these challenges, Buterin advocates adopting a two-tier staking system akin to models used by projects such as Rocketpool and Lido. This system introduces Node Operators and Delegators as key participants. Node operators would function as validators, running nodes to create new blocks and committing a specific amount of ETH to the staking pool. Delegators, conversely, would become pool members, staking their assets with their chosen node operators. In this setup, Delegators gain the autonomy to select their preferred node operators. Enhancing Staking Pool Security Beyond addressing centralization concerns, the proposed two-tier system promises to bolster security within staking pools. The system erects a formidable barrier against potential attackers by enabling Delegators to determine node operators. Those seeking to become node operators without Delegator support would need to commit a significant portion of their ETH, possibly up to 1/3 of the total staking, which could amount to more than 2.08 million ETH. Consequently, any hacking attempt would be a huge cost for the attacker. Buterin underlines that implementing these recommendations could alleviate the issues impacting the Ethereum Layer 1 staking protocol. It empowers stakers to select their preferred nodes, contributing to a more decentralized and consensus-driven system. Moreover, the proposed model significantly reduces the number of required signatures from 800,000 to 10,000, encouraging a surge in node validators.

[coinnewz]

Ethereum Price Set to Surpass $2,000: Staking on The Rise

Contrary to expectations, the Shanghai upgrade has not triggered an exodus of users, but rather a surge in staking deposits on Ethereum. In fact, it looks like ETH may be ready to take on the $2,000 mark, at least in the short term. Staking Activity On The Rise According to recent data from blockchain firm Glassnode, Ethereum staking has been soaring in recent months. Following the Shanghai upgrade, daily staking deposits skyrocketed from 460 to an impressive 8,108. This surge in activity was especially noticeable on June 2, when a staggering 13,595 deposits were recorded. These figures indicate a growing trend of investors opting to stake their Ethereum, showing increased confidence in the network’s long-term prospects. One notable player in the Ethereum staking landscape is Lido Finance. Lido Finance offers liquid staking services, where users deposit Ethereum into a protocol that pools it with other users’ deposits and stakes it on their behalf. In return, users receive stETH, a token representing their staked position. Lido has garnered attention due to its significant footprint in the network’s staking pools. However, concerns about centralization have been raised as Lido’s pools expand. Lido is Hot Despite calls for action, Lido’s dominance remains intact. Its supply of Staked Ethereum (stETH) recently reached a new all-time high of 7.49 million stETH, surpassing other pools. Glassnode highlights that Lido’s supply is approximately 16 times larger than RocketPool (461,000 stETH); however, it has not observed a significant increase in new users. Additionally, there have been interesting shifts in stETH’s presence within decentralized finance (DeFi) protocols. stETH’s collateral usage in lending protocols has seen an uptick, suggesting that investors are strategically maximizing their staking yields. On the other hand, stETH’s liquidity in certain DEX pools has decreased, with a 39% drop in the largest stETH-ETH Curve Pool. Spike in Whale Activity As the price of ETH increased over the last week, there has been a noticeable rise in whale transactions. Data from IntoTheBlock shows that ETH whales experienced a significant increase in transaction counts. In a matter of a few days, their total number of transactions doubled, rising from 2,120 to 3,230. This surge occurred within a span of just 48 hours. ETH whales have moved approximately $20 billion within 7 days. Notably, Ethereum’s whale wallets account for 42% of its total wallets, whereas Bitcoin’s whale holders make up only 11% of its total holder base. While the high number of whale transactions can potentially affect the price of Ethereum, the recent data shows the opposite. The price of ETH has remained relatively stable and maintained its support at around $1,900. It suggests these whales may be moving their coins without immediate selling intentions. Despite the increased whale activity, Ethereum’s trading activities have decreased significantly. Trading volume was down 27% on Monday. Dencun Upgrade: Ethereum’s Next Milestone Ethereum has its sights on the upcoming Dencun upgrade, which it plans to implement within the year. This upgrade combines the consensus upgrade (Deneb) and the execution upgrade (Cancun) with a primary focus on EIP-4844, also known as Proto-Danksharding. EIP-4844 aims to minimize gas fees in the Ethereum ecosystem by breaking down transaction data into smaller parts called “blobs.” This reduction in gas fees is particularly beneficial when using Rollup solutions. Optimistic Rollup solutions estimate a cost that is 3-8 times less than Layer-1 transactions, while ZK-Rollup solutions achieve even greater efficiency, with gas levels 40-100 times lower than Ethereum's Layer-1. The adoption of the blob model not only reduces gas fees but also helps optimize the Data Availability problem faced by rollups. Successfully implementing this approach is a significant step towards Ethereum’s future Sharding ambitions. The Dencun rollout has the potential to fuel further growth within the Ethereum ecosystem. Experts anticipate that the upgrade will bring improvements and optimizations capable of enhancing the network's efficiency and effectiveness. Source link Read the full article

[cointahmin]

cointahmin.com olarak aktardığımız üzere 2021 yılı Kasım ayında yaşanan kripto patlamasının akabinde birçok yatırımcı, o uçuk düzeyleri bir kere daha görüp göremeyeceğini merak ediyor. Bununla bir arada önde gelen kripto para analistleri, Mayıs ayında patlama yaşayabilecek 4 altcoin projesine işaret ediyor! İşte Mayıs ayında ATH yaşayabilecek o kripto para projeleri…Uzmanlar açıkladı: “Bu Altcoin projeleri ATH düzeylerini yakalayabilir!”Render Token (RNDR)Kripto para piyasasının dikkat çeken altcoin projeleri ortasında yer alan RNDR, 2023 yılının başından bu yana en büyük çıkar sağlayanlardan biri oldu ve bu süreçte yüzde 500 yükseliş yaşadı. Tanınan altcoin, bu hafta, 2.10 dolarlık yatay direnç alanını temizlemeyi başardı. Bununla birlikte fiyat, Nisan 2022’den bu yana düşük düzeylerde süreç gördüğü için bu düzey hayli kıymetli bir düzeydi.RNDR fiyatı hala tüm vakitlerin en yüksek düzeyinin yüzde 210 altında olsa da, 3,80 dolarda yalnızca bir büyük direnç kaldı. Münasebetiyle, fiyat bunu aşarsa, tüm vakitlerin en yüksek düzeyine yükselmek için daha kolay bir yola sahip olacaktır.OKB (OKB)OKB fiyatı Haziran 2022’den bu yana süratle arttı. Artış, beş dalgalı (beyaz) bir üst taraflı hareketi andırıyor. Şayet öyleyse, OKB şu anda dördüncü dalgada. Teknik analistler Elliott Dalga teorisini, bir trendin istikametini belirlemelerine yardımcı olan tekrarlayan uzun vadeli fiyat modellerini ve yatırımcı psikolojisini tanımlamak için bir araç olarak kullanırlar. Üçüncü dalganın hali ve dördüncü dalga olabilecek simetrik bir üçgenin varlığı, bunun hakikat sayım olduğunu göstermektedir. Şayet öyleyse, OKB fiyatı üçgenden kopacak ve 72,10 dolardan bir sonraki dirence yanlışsız artacaktır. Bu, tüm vakitlerin en yüksek fiyatı olacaktır.Ancak, üçgenin kırılması bu yükseliş OKB fiyat varsayımını geçersiz kılabilir ve 34,30 dolara gerçek bir düşüşe yol açabilir. OKB, anlık olarak 47,44 dolardan süreç görüyor.RocketPool (RPL)Popüler altcoin RocketPool (RPL), uzmanların Mayıs ayı için seçtiği altcoinlerin ortasında yer alıyor. RPL fiyatı 18 Ocak’tan bu yana yükselen paralel bir kanalda arttı. Bunu yaparken, 16 Nisan’da tüm vakitlerin en yüksek düzeyi olan 65,30 dolara ulaştı. Lakin, kanalın direnç çizgisi (kırmızı simge) tarafından reddedildi ve o vakitten beri düşüyor. Kanalın direnç çizgisinde oluşan uzun üst fitil, alıcıların fiyatı sürdüremediği manasına geldiği için düşüş işareti olarak kabul ediliyor. Tersine, satıcılar devraldı ve aşağı itti. Şu anda, RPL fiyatı kanalın alt kısmında süreç görüyor. Bu bir düşüş işareti olarak kabul edilirken, fiyat 43 dolarlık dayanak düzeylerinin birleşmesine çok yakın ve bu da bir sıçrama başlatabilir.Kripto para ünitesi kanalın orta çizgisinin üzerine çıkmayı başarırsa direnç çizgisine yanlışsız yükselebilir. Yeni bir tüm vakitlerin en yüksek düzeyi için kanaldan bir kopuş gerekli olmadığından, RPL direnç çizgisine bir sefer daha ulaşabilir ve bu süreçte yeni bir tüm vakitlerin en yüksek düzeyini oluşturabilir.Binance Coin (BNB)BNB fiyatı, Haziran 2022’deki 183 dolarlık düşük düzeyinden bu yana değerli ölçüde arttı. Bu periyotta, artışın eğimini ölçen yükselen bir takviye çizgisini takip etti. Sınırın yanı sıra, BNB fiyatı da 345 dolarlık yatay direnç alanından gelen dirençle karşı karşıya. Bir ortaya geldiklerinde, bir yükseliş formasyonu olarak kabul edilen yükselen bir üçgen oluştururlar.BNB coin fiyatı bundan koparsa, fiyat tüm vakitlerin en yüksek düzeyinin biraz altında ve uzun vadeli azalan direnç çizgisinde 510 dolar üzere yüksek bir düzeye ulaşabilir.Haftalık İzafî Güç Endeksi (RSI) bir kırılma mümkünlüğünü destekliyor. Yatırımcılar, RSI’yı bir momentum göstergesi olarak kullanarak bir piyasanın çok alım mı yoksa çok satım mı olduğunu belirleyebilir ve bir varlığı biriktirmeye mi yoksa satmaya mı karar verebilir. RSI bedeli 50’nin üzerindeyse ve trend üst doğruysa boğalar avantajlıdır, lakin paha 50’nin altındaysa bunun tam karşıtı geçerlidir. RSI 50’nin üzerinde olduğu ve arttığı için trendin yükseliş tarafında olduğu manasına gelir.

Bununla birlikte, kripto para ünitesi yükselen takviye çizgisinin altında kapanırsa, yükseliş hipotezini geçersiz kılacak ve 200 dolara düşmesine neden olabilir.

[qocsuing]

Shanghai Upgrade Unlocks Staked Ether

Shanghai Upgrade Unlocks Staked Ether

After almost a year, Bitcoin (BTC) has surged past the $US30,000 mark, bringing a wave of excitement to the crypto community. Meanwhile, Ethereum’s much-anticipated Shanghai hard fork, also known as the “Shapella” upgrade, has been finalised. The upgrade, which enables users to withdraw staked Ether (ETH), went live during the morning of April 13 in Australia. Shortly after, 285 withdrawals were processed, totalling around 5,413 ETH (approximately $US10 million), with a total of 18 million ETH still staked.To get more news about crypto token, you can visit wikifx.com official website.

Now that Ethereum validators can withdraw their stake whenever they wish, there is speculation that more and more investors will become validators and stake their ETH. This not only allows them to earn a reliable, passive income from their assets but it removes ETH from the immediate circulating supply, potentially creating upwards pressure on price as the asset becomes increasingly scarce on the open market.

Validators who stake at least 32 ETH can participate in the block validation process directly but by running their own hardware. However, not everyone can afford to stake that amount, leading to the rise of liquid staking providers such as Lido and RocketPool, or with centralised providers like Coinbase.

Ethereum’s co-founder, Vitalik Buterin, shared his optimism during a Shapella Mainnet Watch Party, stating that the hardest parts of Ethereum’s transition are now over. The Shanghai hard fork also includes four Ethereum Improvement Proposals (EIPs) aimed at improving gas fees for developers. These EIPs address various aspects such as lowering gas costs and capping gas expenses for specific functions. Scaling, which involves making transactions faster and cheaper, is the next challenge for Ethereum after the Shanghai upgrade.

Meanwhile, the latest US inflation data has led crypto investors to monitor the Federal Reserve’s next move, as the consumer price index (CPI) could affect the US central bank’s interest rate decisions. The Reserve Bank of Australia opted to hold the current interest rate steady this month, however, if the US continues to hike, the RBA could be forced to follow or risk affecting the AUD/USD exchange rate, among other things.

With the Ethereum Shapella upgrade and Bitcoin’s price rally, this week has been an exciting time for the crypto community. Investors and enthusiasts alike should keep an eye on these developments, especially in regards to the movement of staked ETH, as they could significantly impact the cryptocurrency market and their investments alike. Elon Musk, the entrepreneur who acquired Twitter last year in a $44 billion deal, caused a stir by changing the iconic Twitter bird logo above the home button on the social network’s web version to the “doge” of the Dogecoin cryptocurrency.

Dogecoin is a cryptocurrency that features the likeness of the Shiba Inu dog from the popular internet meme as its logo. Created as a joke in 2013, Dogecoin has gained attention due to its lighthearted nature and the support of high-profile individuals like Musk.

Musk is a well-known supporter of the Doge meme and has promoted Dogecoin on various occasions, including during his appearance hosting “Saturday Night Live” last year. Following the logo change, the value of Dogecoin rose more than 20%. This event underscores how the involvement of influential figures, such as Musk, can sway the value of cryptocurrencies, even those initially created as jokes.

[smarthomeease]

Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Post-Shapella Hard Fork Withdrawals - Defi Bitcoin News

Following the Shapella hard fork on April 12, 2023, approximately 332,368 ethers, valued at approximately $699 million, were withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have seen an increase in ether deposits over the past 30 days. Since March 14, a total of 281,498 ethers worth $592 million have been added to these protocols. TVL in Staked…

[wafact]

Ethereum liquid staking braces for April 12 withdrawals

With Ethereum’s Shanghai update scheduled for April 12, holders of liquid staking tokens are likely keen to find out how the event will affect their holdings. ETH liquid staking tokens belonging to just two services — Lido (stETH) and Coinbase (cbETH) — are worth over $10 billion. Other services include RocketPool, StakeHound, Frax, StakeWise, Bitcoin Suisse, and Liquid Collective. Prior to…

[bitcoincables]

Spot Bitcoin ETF Approval: Impact on Cryptocurrency Market and Investor Caution

We've passed the one-month mark since the spot bitcoin ETF approvals in the US, and now we have real-world data to review. In less than a month, the spot ETFs are boasting $, with inflows reaching one billion in one day alone. Bitcoin led a significant rally in cryptocurrencies over the course of 2023 with a 160% price gain. The approval of spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. Such institutional inflows are likely to further cement cryptocurrencies' status as an asset class. While most institutional investors agree that cryptocurrencies have a role to play in their portfolio, the question that divides the profession is what is the most efficient way to gain exposure to the asset class?

With the acceptance of the spot bitcoin ETF and Ether ETF approaching, many expect an upward market trend. Unfortunately, such an environment fosters scams and projects promising pie in the sky. Investors should be especially cautious in the rally, not to fall for platforms resembling the mechanics of Celsius, Voyager or FTX. The constantly growing popularity of the last group led to the emergence of platforms like Lido, RocketPool, Swell, Stader, StakeWise and many more.

Read the original article

#SpotBitcoinETFs #Cryptocurrencies #InstitutionalInvestors #BitcoinRally

[imperiumallaboveall]

Watch "Rocketpool Node Operator Experience. How much passive income did I get for the 1st month?" on YouTube

[blockchainfeed]

RocketPools get scrutinized as it vies to challenge Lido, but the two projects have different tradeoffs. #Blockchain #Crypto