Cloudflare platform may decide to go with the adoption of blockchain technology as a real use case to manage the online security systems. But for now it will do deep study on the efficiency of the network.
Cloudflare is a global network platform, which is specially designed to make everything that we connect to the Internet secure, private, fast, and reliable. Every website platform can secure its data, APIs, and Internet applications from any kind of possible online attacks with the use of Cloudflare resources.
The cybersecurity firm Cloudflare planned to launch and stake Ethereum validator nodes in the upcoming few months, obviously after the shift of the Ethereum network from Proof-of-work to Proof-of-stake Consensus.
Cloudflare aims to research the energy efficiency, consistency management, and speed of the network on PoS consensus as part of its pledge to environmental sustainability and to help “build a better internet.”
The Company stated that it was working on the study and research-based experiment on the Proof-of-stake based and Web3 inclined technologies, so for the same, it will choose the Ethereum blockchain network.
Future fully stakes Ethereum validator nodes launch will require a total of 32 Ethereum per node. As we know that full shift of Ethereum om POS consensus is still unconfirmed, so Cloudflare didn’t mention any particular date and also didn’t mention the number of nodes on which the company will experiment.
“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone.”
Corresponding nodes will help to test the “ground for research on energy efficiency, consistency management, and network speed.”
Besides these things, the company stated that the decision of the Ethereum project team for ETH blockchain to shift to POS Consensus will surely result in an environmentally friendly situation, where the scale of use cases will increase with this decentralized blockchain technology.
“The energy required to operate a Proof of Stake validator node is magnitudes less than 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 power. Put another way, Ethereum will use 99.5% less energy post-merge than today.”