Skip to content

Bison Trails announced support for Ethereum 2.0 on its platform

July 1, 2020

Bison trails, the company Blockchain Infrastructure as a Service (IaaS), announced its compatibility with Ethereum 2.0, an update that The network is switched from its PoW consensus mediation mechanism (proof-of-work) to PoS mode (proof-of-stake).

Bison Trails will offer a range of business products This allows users to interact with them Beacon chain, to Stake out with ether (ETH) and automatically manage validators, validation clients and beacon nodes.

Importance of the introduction of Eth2

Bison Trails CEO Joe Lallouz told Cointelegraph how important it is to introduce Eth2 within the crypto industry and whatThe benefits could include new scalability options for the protocol:

“The transition to Eth2 is incredibly important to them Crypto ecosystem because one of the most important and most widespread blockchains with millions of users and tens of thousands of dApps enables new protocol scalability options to be introduced. “

Bison Trails announced support for Ethereum 2.0 on its platform
Bison Trails announced support for Ethereum 2.0 on its platform

Lallouz mentions that a product from Participation cluster fully equipped which Allows your customers to manage their beacon chain and validators through the Bison Trails platform.

Bison Trails CEO said the network will reward early validators with a 23% reward rate at ETH This means “a significantly higher potential yield than most alternative applications at ETH”.

“Since participation and rewards at Eth2 are set to run for several years, choosing a trusted infrastructure provider is an important consideration. A change of provider is risky because the transfer of a validator requires the private key to be released so that it falls into the wrong hands, “added Lallouz.

Recently, Bison Trails announced their support for NEAR, which is designed to Driving open finance and the open web.