Shanghai Upgrade may not simplify staking on Ethereum – InfStones fills the gap, allows users to increase computing power with APIs and cloud-based nodes
DALLAS, Texas, April. 12th, 2023 at 8:00 am – Today, InfStones, a leading blockchain infrastructure provider offering scalable PaaS, announced the release of its highly secure Ethereum validator service, designed to arrive just in time to serve the growing needs that will arise as a result of Ethereum’s long-awaited Shanghai upgrade which is currently expected to take place in April 2023.
With more than 16.4 million ETH currently staked on the Ethereum network, the eagerly awaited Shanghai upgrade aims to inspire numerous users who previously harbored reservations about participating in ETH staking to get involved. This software upgrade is designed to enable stakers to finally withdraw their ETH and all accumulated rewards, spanning the past three years since the pivotal Beacon Chain launch when Ethereum formally started the transition away from its original Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). Up until this point, ETH stakers have had the ability to stake their ETH directly on the network without being able to unstake their tokens.
InfStones aims to address the heightened market demand for staking on Ethereum that will be spurred by the Shanghai upgrade. Recognizing the potential impact of the upgrade on the Ethereum ecosystem, InfStones is committed to offering a seamless and secure staking experience, allowing users to benefit from the network’s expanded capabilities. By providing a cutting-edge, feature-rich platform that simplifies the staking process, InfStones aims to empower a wider range of participants to join the Ethereum network while fostering increased decentralization and contributing to the overall growth and success of the Ethereum community.
While the Shanghai hard fork will enable the unstaking of locked assets on Ethereum, one important technical issue still remains, which InfStones is helping to address with its validator service – Ethereum has not yet solved its scalability problem. This has led to many technical bottlenecks in the past, and will continue to be a significant barrier in the future. Institutional entities who intend on either setting up thousands of new validators or withdrawing their funds by closing all their existing validators will probably be doing so one at a time. In addition, most of the popular ETH staking platforms are both centralized and custodial, which goes against the Ethereum protocol’s vision of decentralization that it was intended to support.
How InfStones works
InfStones’ cutting-edge validator service presents an elegant solution to these challenges and will enable an optimal user experience for staking on Ethereum after the Shanghai Upgrade. By harnessing APIs and cloud-based nodes, it amplifies users’ computational capabilities. The sophisticated scalability platform delivers exceptional throughput and decentralization, tapping into the strength of over 80 interconnected blockchains. This ensures unparalleled uptime and network stability, while empowering users to operate their own nodes and independently confirm and verify transactions after utilizing the setup service. The robust blockchain infrastructure provided by InfStones effectively eliminates bottlenecks arising from heavy traffic on Ethereum during peak periods of staking withdrawals or concurrent blockchain transactions.
As the longest-running validator service provider in the global market, InfStones boasts an impressive track record of operating Ethereum validators for over 19,000 consecutive hours and counting. To stake ETH on the InfStones platform, users can effortlessly set up their own validator node with the simple click of a button. The platform is crafted to enable a seamless experience with minimal need for customer support. However, a dedicated and experienced customer service team stands ready to assist 24/7, should any issues arise. Upon the implementation of the Shanghai upgrade, users will be able to conveniently withdraw all of their ETH staked through the InfStones platform at any time by the simple click of a button.
Batch up to 1000 validators
The InfStones platform caters to large, institutional entities by offering the capability to batch up to 1,000 validators for ETH staking in a single click. Upholding a high standard of security and trust, InfStones never gains access to users’ wallets. Instead, it establishes a direct connection to the smart contracts that facilitate staking, ensuring a seamless non-custodial and secure experience for all participants.
Stake less than the current minimum of 32 ETH
Many platforms require a minimum of 32 ETH (presently valued at approximately $53,000 USD) to partake in ETH staking. However, following the Shanghai Upgrade, InfStones will accommodate staking amounts below this threshold. By offering this flexibility, InfStones opens the door for participants with less than 32 ETH to join the Ethereum PoS network as well.
Commenting on InfStones’ Ethereum validator service, Founder and CEO Dr. Zhenwu Shi remarked, “Our Ethereum validator service enables anyone to securely launch Ethereum validator nodes for staking purposes with just a few effortless clicks.”
Users staking ETH through InfStones’ validator service retain complete control over their tokens at all times, thanks to the utilization of non-custodial wallets for staking on the InfStones platform and the absence of a centralized token pool. Additionally, users can access detailed reports of all their validators and reward details around the clock.
Prominent Web3 industry leaders such as Binance, Lido, imToken, and Gate place their trust in InfStones’ Ethereum validator service. With more than 20,000 Ethereum validators already established and a flawless record of zero slashes, the company has garnered significant support, previously securing over $110 million in funding from top-tier investors like Softbank and GGV Capital.