Welcome to my video on ETH 2.0 staking on Binance.
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1. What is ETH2.0?
ETH 2.0 is the long-awaited upgrade to the Ethereum network that promises, among other things, to improve the network’s scalability, speed, efficiency, and sustainability without sacrificing security and decentralization. The ETH community aims to achieve this by rolling out several updates in three phases.
Binance ETH 2.0 Staking
If you want to become a validator on Ethereum 2.0, you are required to stake a minimum of 32 ETH. In return, you’ll support the network and receive rewards. You will need the minimum stake, hardware equipment, and additional assets to settle the node operation costs. You must also consider additional risks, such as the prolonged lock-up period that might be required to complete the ETH 2.0 update. Participating in Ethereum Staking isn’t simple, and involves risks.
To address this, Binance launched the “ETH 2.0 staking” service to provide everyone with an accessible Ethereum 2.0 staking. You can start in a few clicks with just 0.1 ETH, and Binance will cover all validator operating expenses and bear the risk of on-chain penalties. All on-chain staking rewards will be distributed to users.
How to participate in Binance ETH 2.0 Staking
1. Log in to your Binance account and click [Finance] - [Binance Earn]. Scroll down to[ETH 2.0 Staking] and click [View More].
ETH 2.0 Staking on Binance - Get started staking today!
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