Cloudflare to run Ethereum node experiment to help ‘build a better internet’

Cloudflare, a cybersecurity firm, is poised to launch and stake Ethereum validator nodes in the coming months ahead of Ethereum’s much-anticipated switch to proof-ofstake (PoS) over the next few weeks.

Its mission is to investigate energy efficiency, consistency management, and network speed of PoS networks as part of its commitment towards environmental sustainability.

Cloudflare was established in 2010 and offers web security services, such as DDoS mitigation, to protect clients against DDoS attacks.

Cloudflare stated that it was testing the next generation of Web3 networks, which embrace proof of stake. Ethereum is the first to be considered by the company.

Cloudflare has stated that the Merge and transition into a PoS consensus mechanism are expected to be live in Q3 or early Qu4.

A Monday blog post stated that the firm would launch and stake Ethereum validator nodes (32 Ether (ETH per node) over the next few month. The firm did not provide any details about the number of nodes or a specific date.

Cloudflare will participate in the research and the development of the core infrastructure to keep Ethereum safe, fast, and energy-efficient for everyone.

The blog post stated that these nodes would be used as a test ground for research on energy efficiency and consistency management.

Similar: Polkadot and Ethereum: Two equal opportunities to dominate the Web3 World

According to the firm, the tests are related to its commitment to the environment.

Cloudflare stated that Ethereum’s future upgrades will dramatically reduce its energy consumption. It will move away from the environmentally “challenging” proof-of work (PoW), which was at the forefront Web3 adoption, but “does not scale well with today’s usage rates:”

“A Proof of Stake validator is a proof of work miner, but requires a lot less energy than the Proof of Stake validator. The Ethereum Foundation estimates that the entire Ethereum network will use as little as 2.65 megawatts of power. In other words, Ethereum will consume 99.5% less energy after merger than it does today.

Although the firm didn’t reveal which project it would be focusing on next, it suggested that it will work with partners from “cryptography, Web3 and infrastructure communities” in the future.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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