According to the co-founder of Allnodes hosting partner Konstantin Boyko-Romanovsky, the start of the ETH2 staking service Rocket Pool reached a two-stage upper limit in just 45 seconds.

In the first two days of operation, Rocket Pool registered 237 node operators at 42 global locations with 1088 ETH slots. According to an announcement, the platform currently has a total blocked value of 4000 ETH ($ 13.9 million), including collateral from the platform’s Rocket Pool (RPL) token.

Rocket Pool aims to “become the primary staking infrastructure for Ethereum by providing an easy-to-use, decentralized staking network for individuals and businesses,” according to the white paper.

The protocol will be rolled out gradually over four weeks. During the first phase of launch on November 9th, the protocol limits quickly reached their maximum. During the start of the second phase yesterday on November 10th, the node operators’ mini-pool slots were exhausted only 45 seconds after the start. The second tier deposit pool limit of 480 ETH ($ 2.3 million) was quickly reached.

Originally, a potential vulnerability discovered in the network forced Rocket Pool to postpone its launch on October 6th.

Boyko-Romanovsky said this week’s two phases went without a hitch, apart from a few minor changes he made on Monday evening to change the site to show “mainnet” rather than “testnet”.

The introduction of Rocket Pool marks the removal of several barriers to entry for Eth2 stakeholders. To run an Eth2 node, you typically need a 32 ETH ($ 155,000) deposit and must maintain perpetual uptime.

Rocket Pool enables individuals, businesses and decentralized applications (DApps) to earn staking rewards for anything above a minimum of 0.01 ETH using Beacon Chain without the need to maintain the staking infrastructure.

Related: Rocket Pool delayed the launch after the enemy discovered a security flaw

While centralized services like Binance or Coinbase have the advantage that staking is a quick and easy option for beginners, there is a cost to using a centralized service provider.

OH! Minipool slots maxed out in phase two of Rocket Pool’s launch in less than a minute!
For those who missed it, Phase 3 will begin on November 15th at 00:00 UTC.
The RETH deposit limit has been increased so there is now a liquid staking method available.

– rocket pool (@Rocket_Pool) November 10, 2021

Decentralized staking services like Rocket Pool (and others like Blox Staking and Stkr) use a trusted implementation for staking and do not hold private user authentication keys or revocation keys.

Boyko-Romanovsky told Cointelegraph that Rocket Pool is a “great example of a decentralized solution for Ethereum”.

“The more such services, the more use cases Ethereum has and the more people admire the decentralization.”

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page