Turn on Your Nodes and Happy Staking with WageCan

4 min readJan 15, 2021

Since the launch of ETH 2.0 on December 1, 2020, deposits of 32 ETH (worth roughly $20k as of today) to the network have increased an additional 40% to 1.2 million ETH. ETH 2.0 has nailed its most important milestone to date. WageCan has kept developing unique loyalty wealth management platforms for businesses and individuals, where people can earn rewards just for being ready to lead an active or even passive investment lifestyle. We are excited to announce that WageCan partnering with ETH node provider CYBAVO is already rolling out support for ETH 2.0 staking service for our customers and is more than willing to tell you how to make the first and all subsequent steps and actions as beneficial as possible, together with WageCan.

Today’s Ethereum features “busy, costly, and slow.” Right now, the Ethereum network can only handle roughly 15 transactions per second, which is far too few considering the increasing demand of the network. Apart from that, the current method of mining blocks and verifying transactions is not sustainable. If you were to send a standard ether transaction with a gas limit of 21,000 and a gas price of 440 gwei at the peak of the network congestion in August, it would likely get mined within 30 minutes at a cost of $4.35. Now imagine you’d like to try out some hot DeFi protocol, it would be virtually impossible to make it worthwhile if you’re only interacting with smaller amounts, as the price of getting your transaction through might be higher than the price of the ether or tokens you’d like to interact with.

Ethereum 2.0 (“Serenity”) is an ambitious multi-year network upgrade to the Ethereum Network which attempts to achieve better speed, efficiency, and scalability of the network. This will take Ethereum to new heights as it will be able to drastically more transactions, alleviating congestion, and high gas costs on the Ethereum network. Upon reaching the final phase of the upgrade, Ethereum will meet its goals of becoming a transparent and open network for decentralized applications and finance (DeFi). This massive upgrade consists of multiple phases, which will be deployed one by one, and aims to scale the blockchain in a secure, highly decentralized fashion. There will be fundamental economic changes too, Ethereum 2.0 will allow supports to staking nodes and earn Ethereum as passive income.

Anyone can partake in the network and receive rewards for contributing to Ethereum 2.0’s security as long as they have 32 ETH. Currently, to become a validator on the Beacon Chain, you need exactly 32 ETH. If you don’t have this amount, there is no way to become a validator on your own. However, even if you don’t have the required amount, it will still be possible to participate through WageCan as a fraction of the node to gain your potential rewards from the amount of ETH you plan to stake. You’ll be using Ethereum the same way via WageCan ETH2’s launch, but it will be faster, cheaper, and allow for many more possibilities on the blockchain. If you would like to stake a full node, please directly contact the Customer Service and our dedicated representative will further assist you. If you’re interested in learning more about your product, feel free to contact reach out to our support team at any time. We’re always here to help you in any way we can.

It will be possible for anyone to become a validator and earn money by staking their ether while supporting the network by keeping it stable and secure. WageCan blockchain-based enterprise solutions will be secured with the highest standards in the industry by CYBAVO key management technology, whose digital asset vault and wallet manager for enterprise ensure the highest standards of security to protect our customers’ digital assets. It’s a massive step towards a better Ethereum, and we wholly recommend anyone to get involved. People should have the opportunity to participate in ETH 2.0’s security and earn rewards.

As always, please reach out to us at https://wagecan.com/ to learn how you can start staking Ether and earn rewards starting today.




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