Proof of Stake Alliance Member, Bison Trails, to Launch Product Suite for Ethereum 2.0 Launch

  • Bison Trails announce support for the Ethereum update, Eth 2.0 features with launch looming.
  • Eth 2.0 will switch from a proof of work protocol to adopt the proof of stake to mitigate their network scalability woes.

Blockchain firm Bison Trails has come out in support of Ethereum’s next major update, dubbed Eth 2.0. The firm posted the announcement on its website.

The looming update will seek to solve Ethereum’s Blockchain scalability concerns. The Blockchain has, for a long time, been leveraging Proof of Work (PoW) mining algorithm whose infrastructure has been at the root of their network scalability crunches.

Eth 2.0 will switch to the Proof of Stake (PoS) algorithm to achieve scalability without necessarily preceding security and decentralization.

A Suite of Enterprise Products

Bison Trails, a founding member of the Libra Association and recent addition to the Proof of Stake Alliance, will offer a suite of enterprise products, including a fully-featured participation cluster that will grant users access to the Beacon chain.

Access to information such as staking rewards for Ether by affording their clients a fully indexed Eth2 Beacon chain reporting API. A private and secure API for validator and beacon chain nodes management.

Joe Lallouz, the firm’s CEO, has stressed the importance of adopting Eth 2.0 in the crypto sphere. He has urged potential Eth 2.0 validators to consider choosing a trustworthy infrastructure provider, denoting that switching validators after launch could be risky since it involves sharing of the private keys. They could risk slashing of their locked up rewards and stake.

Notably, Bison Trails recently unveiled collaboration efforts with the NEAR integration team that extended to 2019. They were crucial participants in their test runs, providing essential feedback and recommendations to improve the sharded network that employs PoS protocol. NEAR protocol facilitates the management of high-value assets to hand over the power of open finance and web to the client.

Bison CEO has reiterated support for the NEAR team remarking at their intense focus on developer experience.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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