The famous American exchance Coinbase started a new incentive program thus creating a registry for the user to staking on Ethereum 2.0. The objective of it is that users can obtain quotas to generate higher annual returns.
What is the Coinbase incentive program?
The new incentive program will allow users to trade, freeze and win prizes using the cryptocurrency Ethereum (ETH). This change can be made in real time through the use of a compensation ticker. Coinbase reported that the savings that a user has for Ethereum 2.0 will be frozen for approximately two years.
This will cause the user to be unable to sell or send portions . Instead, if they participate in staking, they will be granted a fixed token so that they can operate the cryptocurrency. It is a safe alternative to give movement to funds that are blocked. However, it is not a free method, as Coinbase will be charging a 25% commission for the service.
In the event that a Coinbase Europe affiliate successfully validates a blockage of the transactions of those digital currencies, they could acquire great rewards. Which will be determined according to the protocol that the network contains. If this is the case, Coinbase Europe would be distributing said reward with a commission of up to 25%.
The first phase of Ethereum 2.0
In December of last year it was reported about the activation of the first phase of Ethereum 2.0. It became known as the origin of the Beacon Chain. The network that allows you to register validators to become a kind of bridge between versions 1 and 2 of Ethereum.
To become a validator, users will have to make a deposit of 32 ethereums directly to the contract that the network has exposed. If a user does not have the necessary amount for the deposit but wants to participate, there are pools or even Coinbase itself that propose various alternatives. This way you can staking for lower amounts to receive incentives.
The goal of Ethereum 2.0 is to be able to change its current protocols. Which are based on PoW consensus, with PoS-proof electrical current and calculation powers. These are distributed in all cryptocurrency operations. The idea is for the participant to decipher them and get their reward, hence the incentive program is so important.
