Sirlibz
The Ethereum foundation has announced a “Validator Launchpad” for the upcoming ETH 2.0 upgrade. Users who wish to help secure the ETH 2.0 network and earn passive income from it can utilize the launch.
“The idea behind the launchpad is to make the process of becoming an eth2 validator as easy as possible, without compromising on security and education”- Ethereum Foundation
The launchpad will allow users to stake Ethereum to confirm transactions on the ETH 2.0 testnet, Medalla. Stakers will do the same on the Mainnet when it will be launched later this year or early next year.
The foundation pointed out that Validators will need to understand how to store and safeguard private keys because unlike their parties stakers like Coinbase, a Validator gets to generate the keys offline themselves and the keys are to be stored properly. If access to these details is lost for some reason, then access to funds is also lost. The launchpad includes a disclaimer just to make sure you clearly understand what you’re getting into as a Validator. You also get to sign a form that indicates that you clearly understand that you will have to manage your own keys and any amount of Ethereum staked cannot be moved by a Validator for a particular amount of time.
