Blockchain technology firm Bison Trails announced its support for features of Eth2 ahead of Ethereum’s planned upgrade.
- In an announcement on Monday, the firm said it would support features such as ETH staking and automatically managed validator notes on the upgraded blockchain. A founding member of the Facebook-led Libra Association, Bison Trails provides blockchain infrastructure services to firms.
- Ethereum’s transition this fall will move the network from a proof-of-work consensus mechanism to a proof-of-stake one in order to improve scaling and reduce power requirements. Bison Trails said helping Eth2 launch was also an opportunity to secure the chain and earn staking rewards.
- The firm noted its software would manage client infrastructure automatically, thereby removing the need to manually manage participation when network requirements change.
- Bison Trails recently signed a deal with NEAR Protocol, the claimed “Ethereum Killer,” to host its validator set.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.