The Ethereum PoS network will rely on ETH stakers and Ethereum staking pools instead of miners and mining pools for its security and operability. Each Ethereum staking pool will employ shared masternodes so that pool members automatically share in all masternode rewards.
Our Ethereum staking pool is a zero fee staking pool, built by the community for the community. Stake your Ether at zero fee and maximize your profits.
An Ethereum staking pool is composed of three central components: smart contracts, smart nodes, and minipools. Ethstaking.io’s smart contracts assign a minipool to an ethstaking smart node as soon as the minipool accumulates the minimum amount of ether required for ethstaking. Smart contracts, smart nodes, and minipools are integrated for automatic network load balancing and scaling across multiple cloud hosting providers, ensuring that users earn maximum interest for the entirety of their staking period in an Ethereum staking pool.
Make Your Own Ethereum Staking Pool
In order to open up opportunities for exchanges and wallet providers, Ethstaking.io will offer a third party partner API that allows businesses to offer ethstaking services to their customers using our infrastructure in the background. A business can leverage our API to enable their customers to earn passive income on fixed-term ether deposits of 3, 6, 9 or 12 months in its own Ethereum staking pool.
ZERO FEE ETHEREUM STAKING POOL
A zero fee Ethereum staking pool enables individuals and businesses to earn maximum profit from their staked ether, providing an efficient way to stake blocks in a secure decentralized network. Ether is deposited into the zero fee Ethereum staking pool for a fixed term and interest is paid over the term of the deposit. Pool members enjoy compounding interest and a continuously growing ROI based on their initial stake plus their stake rewards in the zero fee Ethereum staking pool.
SECURING AN ETHEREUM STAKING POOL
Securing an Ethereum staking pool requires a complex multi-contract Dapp designed in such a way that, if there is an issue with one or more contracts, the damaged contract is automatically replaced with a bug-free copy, and then all other contracts will communicate with the new version across the Ethereum staking pool.
Our Ethereum staking pool protects our users’ deposits from ever being slashed. Ethstaking.io employs an integrated and holistic approach that makes it impossible for a malicious user to enter one of our nodes and force it to try to cheat Casper. We will lock down all nodes for the task of securing an Ethereum staking pool during the Casper rollout. Node access will be granted only to trusted IP addresses and all of our node IP addresses themselves will be kept private and immune from DDoS attacks.
Ethereum staking pools ensure network liveness by requiring ETH staking nodes to come online at least once every three months to avoid having their deposits slashed. Ethereum’s proof-of-stake network is designed to ensure that there are always enough voters available online to keep the blockchain safe.
Using advances expected to launch on Casper in 2019, Ethstaking.io’s nodes will validate themselves with an Ethereum Virtual Machine code (EVM bytecode) rather than just an IP address. This will allow for secure Casper messaging using a multisig-style node security lockdown.
Securing an Ethereum Staking Pool with Next Generation Monitoring
Securing an Ethereum staking pool requires monitoring that is extensive and highly redundant to ensure that your deposit earns interest without interruption. Smart nodes will be issued commands from other smart nodes directly using special scripts that run as services on each node. Ethstaking pools monitor everything that is happening 24/7/365, completely securing an Ethereum staking pool.
We will distribute Ethstaking.io’s smart nodes across a variety of cloud hosting providers. This means that our monitoring solution must work seamlessly with all hosting platforms. Our Ethereum staking pool smart nodes will feature Keymetrics and PM2 monitoring to maintain node liveliness regardless of the location or type of node hosting platform. This ensures that if the main node program ever crashes, it’s automatically restarted, preventing downtime. Also, all essential system resources have alerts which initiate human intervention should the Ethereum staking pool ever need such attention.
Ethstaking.io’s smart contracts require our smart nodes to report their server load every 15 minutes. This strengthens our staking pool with optimized load balancing and by enabling the smart contracts to automatically disable any node which has become slow or unresponsive to prevent any new users being assigned to the troubled node. Custom multisig server arrangement will stop any one server from misbehaving or being hacked in our zero fee ETH staking pool.
Zero Fee Ethereum Staking Pool Built by the Community and for the Community
Ethstaking.io’s smart contracts are open source. Anyone in the community can view the code and evaluate it as it evolves. We will initiate code audits and bug bounties during testing and before the mainnet release. Launch to mainnet will not be done until the community and our development team are both 100% satisfied with our Ethereum staking pool security. Once that conditioned is satisfied on public forums and elsewhere, the mainnet rollout will be scaled up gradually as we ensure that the Ethstaking.io network is performing exactly as expected for securing an Ethereum staking pool.