Get Ready to Earn High Staking Rewards From Ethereum Merge

ETH 2.0, also known as Ethereum 2.0, is the name given to a series of upgrades that are set to transform the Ethereum network. Amid this transformation, everyday users have the opportunity to get in early and earn passive income by playing a role in this decentralized movement. But what is ETH 2.0, and how can you get involved?

ETH 2.0 offers users the ability to earn significant passive income

With the transition towards ETH 2.0, everyday users have the opportunity to get paid to take part in the network’s governance. By their nature, Proof-of-Stake chains work by assigning the task of validating transactions to users who have a proven stake in the network. These users are then financially rewarded for helping out.

At the current point in time, there are over 278,000 validators running on the ETH 2.0 chain and over 9 million ETH is being staked. As one of the largest projects in the entire cryptocurrency ecosystem and one of the world’s largest assets by market cap, participants benefit from the project being both proven and secure.

Right now, the annual percentage rate (APR) that users can earn by becoming a validator is 5.1% on the amount of Ether that they stake. This figure is constantly changing, with the Eth2 Launchpad serving as the best source to find an up-to-date figure.

The APR offered to stake Ethereum may soon skyrocket, as there are significant signs that early adopters will be able to earn a lot more passive income immediately after the Eth 2.0 merge takes place. One of the reasons behind this has to do with the fact that the current version of Ethereum pays out transaction costs known as gas fees to those who contribute to its Proof-of-Work governance. Once Ethereum transitions to Proof-of-Stake, these fees will instead be paid out to validations.

In addition, until future updates are introduced after the Eth 2.0 merge, there will be a period of time in which gas prices remain high as the issue of network congestion will not yet be solved. This means that there is an opportunity after the merge but before Ethereum’s scaling updates in which high gas fees will be paid out to people who run validators. Put plainly, this means that users who are quick to set up Eth 2.0 validators will be able to collect large amounts of money in the form of both a heightened APR return on their stake and these transaction fees.

These factors make being quick to take part in ETH 2.0’s governance possibly one of the most profitable ways to earn a significant return on an investment without having to do any active work at all.

How can I become an ETH 2.0 validator?

Becoming an Ethereum 2.0 validator involves holding 32 ETH and running a local copy of the blockchain, known as an Eth2 client, on your device. Alternatively, users who want to stake less than 32 ETH can do so by taking part in a staking pool. Once you’ve securely staked your Ether, the process is entirely passive from there. Your device will automatically help add new blocks to the blockchain, verify transitions, and store pertinent data so that the network can stay decentralized and run smoothly.

In order to store this much information and run a validator without interruption, the best option is to use a dedicated device. This device would then have to be powerful enough to constantly stay online and have enough storage space to accommodate both the Eth2 client and all of the subsequent information that validators are tasked with storing.

Further, since the ETH 2.0 network is still growing, the computational resources needed to serve as a validator are likely to grow over time. In particular, the amount of storage space needed to host a local copy of the blockchain increases as more transactions occur. As a result, many people choose to purchase a dedicated device that exceeds the current requirements for validators. That way, they can ensure that they will not have to replace their device any time in the foreseeable future even as the requirements for validators increase.

AVADO’s ETH 2.0-ready devices make it easy to quickly become a validator

After the merge, the entire network of Ethereum users will be free to cash out their stake, likely adding to a surge in validators being added to the network. This would mean that the waiting time for becoming a validator will be quite long. As a result, if you’re not quick to get set up, it could mean missing out on the period of time in which a high staking return and high gas fees are being paid out to validators.

In order to be quick enough to take part in this movement, it’s better to go with an option that will allow you to get your validator up and running right out of the box. The easiest way to do this is with a dedicated device that does not require any kind of complicated or lengthy setup process.

That’s why, for people who want to earn money by being early to the ETH 2.0 merge, AVADO is offering a range of plug-and-play blockchain devices that accommodate the needs of different types of users. All of these devices can be set up in just a few minutes, requiring no technical background or knowledge to get started and run an ETH 2.0 validator.

By viewing AVADO’s product specifications, you can easily find a device that will be able to support your ability to earn money on the ETH 2.0 network. AVADO’s current offerings go all the way up to an astounding 8 terabytes of SSD storage. Products like the AVADO i7–864 offer enough storage space to run multiple validators and even stake many different projects far into the future without having to worry about needing to upgrade your device down the line.

To take part in the Ethereum 2.0 movement today and avoid missing out on the opportunity to earn money by being an early validator, check out the side-by-side product comparisons on AVADO’s website and find the right plug-and-play device for your specific needs.

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