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Cloudflare to run Ethereum node experiment to help ‘build a better internet’

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Ahead of Ethereum’s much-anticipated move to proof-of-stake (PoS), cybersecurity firm Cloudflare is set to launch and fully bring Ethereum validator nodes into play over the next few months.

It aims to study the power efficiency, consistency management and network speed of the PoS network as part of its commitment to environmental sustainability and to help “build a better Internet”.

Cloudflare was founded in 2010 and provides web security services such as Distributed Denial of Service (DDoS) mitigation to protect customers from DDoS attacks.

Cloudflare said it’s experimenting with the “next generation of Web3 networks that embrace proof-of-stake,” with Ethereum being the first in line for the company.

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At this point, it looks like the merger and transition to a PoS consensus mechanism should go live by Q3 or early Q4 unless further delayed, with Cloudflare noting that this will lead to “meaningful improvements in energy efficiency” for the network.

According to a Monday blog post, the company will launch and fully implement Ethereum validating nodes – 32 Ether (ETH) required per node – over the next few months. He did not specify the number of nodes or a specific start date:

“Cloudflare will participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, and energy efficient for everyone.”

“These nodes will serve as a testing ground for research into energy efficiency, consistency management, and network speed,” the blog post adds.

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The company said the tests relate to its commitment to the environment and help pave a path “that balances the obvious need to significantly reduce the power consumption of Web3 technologies and the ability to scale Web3 networks by orders of magnitude.” greatness”.

Cloudflare noted that upcoming Ethereum upgrades will significantly reduce its power consumption by moving away from the environmentally “hard” proof-of-work (PoW) model that has been at the forefront of the adoption of Web3 but which “does not adapt well to use”. rate we see today: ”

“The energy required to run a proof-of-stake validator node is far less than that of a proof-of-work miner. Early estimates from the Ethereum Foundation estimate that the entire Ethereum network could use as little as 2.6 megawatts of energy. In other words, Ethereum will use 99.5% less energy after the merger than it does today.”

While the company didn’t specify which project it will focus on next, it did say it will work with partners from the “crypto, Web3, and infrastructure communities” in the future.

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