Ether Capital, a Publicly-traded Firm is Running an Ethereum 2.0 Validator Node

Following the successful launch of the Ethereum 2.0 Beacon Chain on Tuesday, a publicly-traded company, Ether Capital, announced today that it has become a validator for the new Proof-of-Stake (PoS) network. As usual, the development follows the company’s 32 ETH staking on the network. It further plans to stake more Ethereum coins as Eth2 stably develops with time.

Ether Capital is arguably the first-ever publicly-traded company to be running an Ethereum 2.0 validation node. 

Ethereum initiate first move to PoS 

The road to Ethereum 2.0 began with the deployment of the Eth2 Phase 0 on December 1, at exactly 7:00 am ET. The development numbers the days of Ethereum miners, as the PoS network would grant ETH holders the opportunity to validate transactions on the blockchain and also participate in consensus whenever they staked at least 32 ETH on the network. By doing so, ETH holders stand to gain inflationary block rewards.

The CEO of Ether Capital, Brian Mosoff, commented on the development, saying:

“The launch of Ethereum 2.0 is an exciting and historic milestone in the digital asset space, and we are thrilled to be part of it by running a validator. The transition to staking has been part of Ether Capital’s roadmap since inception and means that Ether holders are now able to generate an Ether-denominated return, or yield, by participating in-network validation.”

More to come for Eth2

Notably, Ethereum 2.0 looks so promising, and many individuals and companies are actively betting on the future progress of the network via their active participation in staking. As per Eth2 Launchpad, there is currently 971,618 ETH already staked on the network and still counting. In today’s ETH price of around US$588, the staked coins are worth US$571,311,384. 

Ether Capital further noted that it would stake more Ethereum coins on the network if it continues to function stably. Mosoff precisely said:

“Once we see the Ethereum 2.0 blockchain running in a stable fashion over a period of time and are able to fully understand and mitigate applicable risks, Ether Capital intends to make a more substantial commitment of its Ether balance to staking.”