Staking is the process of locking an amount of cryptocurrency for a particular time period to contribute to blockchain technology and earn network rewards. As of now, nearly 9 million ETH have been staked on Ethereum’s Proof of Stake system. This amount of ETH is locked until withdrawals are authorized while 8% of ETH stake reflects a bit of confidence in the network’s future.
As a matter of fact, the great news is that Rocketpool, an ETH staking pool went live in November. Besides, their much-anticipated debut went off without a hitch while anyone can join Rocketpool as a node operator. Moreover, anyone as a node operator can join if they are ready and able to give half of the needed stake for activation.
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