Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus – Cloudflare, a renowned content delivery and DDoS mitigation company, has unveiled a new Web3 initiative which will take advantage of Ethereum’s future proof-of-stake network.
The company reported that as part of its research, it will run Ethereum validator nodes to assess the scaling technology’s long-term sustainability.
Blockchain technologies, according to Cloudflare, may become a long-term part of the internet’s story, and these experiences may contribute to the decentralization of such networks.
The company stated:
“Running validator nodes on our network allows us to provide even more geographic decentralization in places such as LATAM, EMEA, and APJC, while also increasing infrastructural decentralization to the network.”
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These actions will be carried out in the coming months, according to Cloudflare, before The Merge, the Ethereum network’s planned change of consensus mechanism later this year.
Cloudflare announced that it supports proof-of-stake networks since they consume less energy than proof-of-work networks, claiming that “the energy required to use a proof of stake validator node is magnitudes less than that required to use a proof-of-work miner.”
About proof-of-work networks like Bitcoin, Cloudflare stated:
“Proof-of-work networks are wasteful. The fact that proof of work consensus processes are electricity-intensive drives this waste.”
“Cloudflare does not and will not run our own proof of work infrastructure on our network,” the company said as part of its commitment to sustainability. While Cloudflare will begin testing Ethereum initially, it also referenced another consensus mechanism in its press release: “proof of spacetime.”
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Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus – Filecoin, a decentralized storage network which uses incentives to keep track of its users’ files, employs this consensus technique. This could signal that this network would be included in a future round of tests conducted by the internet business.