Obol Network to fund ‘sustainable’ Ethereum development

As the price of ether increases, the cost of running a full solo staking node — with 32 ETH now worth $115,000 — moves further out of reach for all but the most hard core hobbyists.

One of the social goals that Oisin Kyne and Collin Myers, founders of Obol Network, care about most is enabling people that don’t have that kind of capital to participate in Ethereum consensus.

The pair looks forward to the day when the number of entities and locations validating the network will rise tenfold from its current crop of single-digit thousands of operators. 

That includes a fellow in a Kenyan village who, according to Kyne, participates in a distributed validator cluster via EtherFi,…

Read more on Blockworks

25.9K Reads