Coinbase Ventures Invests in Ethereum 2.0 Pledge Agreement
On February 18, David Rugendyke, founder of Rocket Pool, the Ethereum 2.0 pledge agreement, announced in the Discord community yesterday that Coinbase Ventures…
On February 18, David Rugendyke, founder of Rocket Pool, the Ethereum 2.0 pledge agreement, announced in the Discord community yesterday that Coinbase Ventures had invested in the agreement. In addition, Coinbase Ventures also plans to use its RPL and ETH to build a small Rocket Pool.
Decentralized pledge agreement Rocket Pool announced its acquisition of investment in Coinbase Ventures
Interpretation of the news:
Coinbase Ventures, the venture capital arm of Coinbase, has invested in Rocket Pool, the Ethereum 2.0 pledge agreement. David Rugendyke, the founder of Rocket Pool, made the announcement in the Discord community on February 18th. Coinbase Ventures has also revealed its plan to use its RPL and ETH to build a small Rocket Pool.
Ethereum is an open-source blockchain-based platform that allows developers to build decentralized applications where transactions and smart contracts are executed through the use of ether, its native cryptocurrency. Ethereum 2.0 is the upgraded version of Ethereum that aims to address the scaling issues, security, and sustainability of Ethereum 1.0. It is designed to enhance the efficiency of the network while reducing energy consumption.
Rocket Pool is a decentralized Ethereum 2.0 pledge agreement that enables individual users to stake their ETH in exchange for rETH tokens. It also provides node operators with a pool of ETH to stake on their behalf. By pooling resources, Rocket Pool increases the chances of earning rewards while reducing the barriers to entry for staking.
The investment of Coinbase Ventures in Rocket Pool shows the growing interest of institutional investors in Ethereum 2.0 and its related projects. Coinbase Ventures is known for its investments in blockchain-based startups, and its support for Rocket Pool is a validation of its potential in the Ethereum ecosystem.
The plan of Coinbase Ventures to build a small Rocket Pool with its RPL and ETH is a strategic move that demonstrates its commitment to the development of Ethereum 2.0. By participating in staking through Rocket Pool, Coinbase Ventures can earn rewards while also contributing to the security of the network. It also serves as an example for other institutional investors to follow.
In conclusion, the investment of Coinbase Ventures in Rocket Pool is a significant development for the Ethereum 2.0 ecosystem. It showcases the increasing interest of institutional investors in Ethereum-related projects and their support for the growth of the network. With the support of Coinbase Ventures and other notable investors, Rocket Pool is poised to become a prominent player in the staking market.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/1493.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
The Decrease in ETH Supply: An Analysis of Recent Ultrasound Data
According to reports, ultra sound data shows that the ETH supply has decreased by 5702 ETHs within 7 days, and 18524 ETHs have been destroyed in the past 7 days. In addition, as of
-
SBF Requests Bail Extension and Time to Find Technical Expert
It is reported that the lawyer of SBF submitted a letter on Friday, requesting the federal judge to extend the deadline for negotiating bail terms to March 3. …
-
Kakao Bank: If Coinone is found to have engaged in illegal activities, the bank account provided to it will be terminated
On April 10th, Kakao Bank, which provided the Korean Won bank account to Coinone, the Korean Cryptographic Exchange, said: \”According to the Special financial law, we are conductin
-
Redeem Secures $2.5 Million in Pre-Seed Financing for Simplified NFT Acquisition
It is reported that the blockchain company Redeem announced the completion of $2.5 million pre-seed financing, led by Kenetic Capital. It is reported that Redee
-
Paxos Treasury Casts Over $128 Million on Ethereum Network
On March 3, according to the Whale Alert monitoring data, Paxos Treasury cast 128596461.86 USDPs on the Ethereum network at 16:59:47 today, about 128.4 million US dollars.
Paxos ne -
Sun Yuchen Denies Huobi Equity Sale Reports
According to reports, Sun Yuchen tweeted denying Bloomberg reports that Huobi was seeking an equity buyer. Earlier, Bloomberg quoted people familiar with the matter as reporting th
-
Legal Council Requests Insurance Companies to Pay for FTX CEO’s Defense Costs
According to reports, the legal counsel of SBF, the former FTX CEO, requested in a motion that insurance companies be allowed to advance or reimburse their defense costs and expenses based on their director and executive (D&O) insurance policies held in Relm Insurance and Beazley Insurance. According to the documents, these policies “provide payment priority for individual insured persons such as Mr. Bankman Fried to pay for unrecovered losses.” This means that SBF’s bill will be at the top of FTX’s payment list. SBF is seeking to use the FTX policy to pay his legal fees Analysis based on this information:The legal counsel of Sam Bankman-Fried, also known as SBF, who was formerly the CEO of FTX, has requested that insurance companies be allowed to advance or reimburse defense costs and expenses based on their director and executive (D&O) insurance policies held in Relm Insurance and Beazley Insurance. This request means that SBF’s legal bill will be at the top…
-
Third Round of GDX Air Drop Announced by Gridex
According to official Twitter, Gridex announced that it would launch the third round of GDX air drop on March 24th at 0:00 (UTC), targeting all users of ARB/ETH trading pairs (0.05
-
What is Bitcoin Network Hashrate (The Significance of Bitcoin Hashrate)
What is Bitcoin network hashrate? What is Bitcoin network hashrate? The network
-
What currency is SKT (which country’s currency is SKR)
what currency is skt skt is short for Cryptocurrency. skt is a digital asset that can be used to pay transaction costs. It is different from other major Cryptocurrency such as Bitcoin, Ethereum and Litecoin. It is a virtual token (skt) issued by the holder. In some cases, it is called “gold and silver” or “gold”. Sktt is a Stablecoin denominated in US dollars. Users can store the currency in their wallet as a payment method. When people transfer money in Bitcoin or any other Fiat money, they will receive an email address with a fixed amount of $10000. (cryptoslate) What currency is skrAccording to coinmarketcap data, skr is currently the first Cryptocurrency. It has over 30000 trading pairs and a market value of nearly $6 trillion worldwide SKR is held by SKR holders who can purchase, sell, or exchange any other type of asset, such as stocks, bonds, or gold. This, like Bitcoin, is seen as a means of…