As the world awaits Ethereum (ETH) 2.0 staking implementation, someone operating under the pseudonym “heyheeyheeey” posted a Medium article with a solution based on the protocol.
The concept is a “design for an ETH2 staking solution on top of Argent, that is fast and simple to use so that users with less time, knowledge or skills can join from the beginning,” the author wrote on June 2. Argent is a crypto wallet solution with elements of decentralized finance, or DeFi compatibility.
ETH 2.0 is on its way
A big topic of discussion in 2020 so far, Ethereum 2.0 is essentially an upgrade to the Ethereum network, aimed at scalability. The upgrade brings in Proof-of-Stake, or PoS, consensus — calling on asset holders, called stakers, for network validation instead of miners.
Recent comments from ETH 2.0 testnet coordinator, Afri Schoedon, still yield no firm launch date for the endeavor.
The anonymously-spawned solution aims for simplicity
With a pseudonymous name reminiscent of dialogue from the days of Ponzi scheme Bitconnect, Medium author heyheeyheeey said he did not receive compensation for his ETH 2.0 contribution.
The author’s concept comes from a place of simplicity, looking to make things easier for the public. “Staking is coming to Ethereum soon but it’s only for technical users and requires a large amount of Ether,” heyheeyheeey said, referring to the asset holding prerequisite for network staking.
“Argent is one of the go-to wallets for ‘beginner’ users and could bridge the gap,” the author added.
Oddly, the author only has 17 Medium followers as of press time. This article appears to be his first post on the social media site.
Ethereum 2.0 has seen significant crypto media coverage in recent weeks, with some industry participants looking at the event as a bullish catalyst for the crypto market.
Cointelegraph reached out to the author on Medium for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.
Joseph Spezzano received a Masters Degree in computer science from The University of Massachusetts. Joseph has been working as a full-time blockchain programmer for the past 5 years. In his spare time, Joseph enjoys writing for CryptocurrencyInvestments.com and traveling.