InfStones launches Ethereum validator service to enable convenient staking and scalability.

Shanghai Upgrade may not simplify staking on Ethereum - InfStones fills the gap, allows users to increase computing power with APIs and cloud-based nodes

Dallas, TX, April 18, 2023 (GLOBE NEWSWIRE) -- Today, InfStones, a leading blockchain infrastructure provider offering scalable PaaS, announced the release of its highly secure Ethereum validator service, designed to arrive just in time to serve the growing needs that will arise as a result of Ethereum’s long-awaited Shanghai upgrade which is currently expected to take place in April 2023.

With more than 16.4 million ETH currently staked on the Ethereum network, the eagerly awaited Shanghai upgrade aims to inspire numerous users who previously harbored reservations about participating in ETH staking to get involved. This software upgrade is designed to enable stakers to finally withdraw their ETH and all accumulated rewards, spanning the past three years since the pivotal Beacon Chain launch when Ethereum formally started the transition away from its original Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). Up until this point, ETH stakers have had the ability to stake their ETH directly on the network without being able to unstake their tokens.

InfStones aims to address the heightened market demand for staking on Ethereum that will be spurred by the Shanghai upgrade. Recognizing the potential impact of the upgrade on the Ethereum ecosystem, InfStones is committed to offering a seamless and secure staking experience, allowing users to benefit from the network's expanded capabilities. By providing a cutting-edge, feature-rich platform that simplifies the staking process, InfStones aims to empower a wider range of participants to join the Ethereum network while fostering increased decentralization and contributing to the overall growth and success of the Ethereum community.

While the Shanghai hard fork will enable the unstaking of locked assets on Ethereum, one important technical issue still remains, which InfStones is helping to address with its validator service - Ethereum has not yet solved its scalability problem. This has led to many technical bottlenecks in the past, and will continue to be a significant barrier in the future.

Institutional entities who intend on either setting up thousands of new validators or withdrawing their funds by closing all their existing validators will probably be doing so one at a time. In addition, most of the popular ETH staking platforms are both centralized and custodial, which goes against the Ethereum protocol’s vision of decentralization that it was intended to support.