Eternal Royalty


The update that changed Ethereum forever
On the 15th September 2022, the entire Ethereum network switched from processing transactions via POW (Proof of Work) to POS (Proof of Stake). This means that instead of miners using GPU's or other hardware to process the transactions on the network, users can now stake 32 ETH to run Validator Nodes on Ethereum network to process and validate transactions on the network. The Ethereum network has a 99.5% reduction in energy consumption due to the switch which makes it a more environmentally conscious cryptocurrency.
This is a change that is beneficial to the network as well as the environment. The caveat being that a few actors can hold a majority of the Validator Nodes which will make the network more centralised as well as potentially leaving the network open to malicious attacks. This is more of a risk with POS as with POW anyone with a GPU can attempt to mine by themselves. With POW the barrier to entry is 32 ETH which is a large sum for majority of network participants making it less accessible than POW to most people.
Users can participate in POS using an exchange, pool or a third-party service however this adds to the risk of making the network more centralised whilst paying additional fees for the service to manage your funds.
The most beneficial way to stake your ETH is to 'solo stake': running the Validator Nodes yourself. The requirements would be 32 ETH, technical knowledge on configuration/setup & infrastructure to run a server 24/7 to ensure maximum up-time. This might be a large task for someone without the technical knowledge or ability.
This is why Eternal Royalty will setup, configure & maintain Validator Nodes on it's holder's behalf.