By
Chimamanda U. Martha
April 25th, 2024
Bison Trails announced on June 29 that it will support Ethereum 2.0 transition. The company will offer a suite of products to interact with the Beacon Chain and enable participants to add validates besides scaling their infrastructure automatically.
As the countdown to the launch of phase 0 of the Ethereum 2.0 nears the end, different blockchain companies are rushing to realign themselves to take full advantage of the upgraded network. Among them is a New York-based “infrastructure as a service” company called Bison Trails that has been servicing some of the top crypto exchanges and also custodians in the blockchain network securely.
The company said in a statement:
“As Ethereum transitions to eth2 & proof of stake, Bison Trails will offer a suite of products to interact with the Beacon Chain and enable network participants to easily add validates and scale their infrastructure”.
Some of the enterprise products that are to be introduced will be a secure validator management API, which plays a role in the creation and management of validates including the Beacon Chain nodes. Also, the list of products includes a participation cluster that will allow the customers to manage their Beacon Chain and validators from within the company’s platform.
Bison Trails is also planning on introducing a fully indexed Ethereum 2.0 Beacon Chain reporting API that works by assisting users to call information including staking rewards, validator information and much more.
Bison Trails on Ethereum 2.0
Developers and also interested parties in running validators in the upcoming Ethereum 2.0 will have such an easy time managing their network system as tech companies work on better services. After the launch of the Ethereum 2.0 phase 0, running a validator program will be an investment worth looking into. This is because the network will reward validators with a rate of 23% of BETH. According to Bison Trails, it is a higher potential return investment than alternative uses of Ethereum.
Joe Lallouz, CEO of Buson Trails, stated:
“The transition to Eth2 will be hard, but more significantly, it’s momentous for proof of stake, for Bison Trails, and really important for crypto. Eth2 is the first time a protocol that is this big throes to move to proof of stake and adds support for scalability features that a lot of the new protocols are introducing. As a platform providing validators for the earliest adopters to join the network we are excited to power such a historic moment.”
Other updates from the blockchain industry are here.