Where is Coinbase doubling down in #crypto? Decentralizing Ethereum with Rocket Pool is one area. Here is the what, why, how, and what you can do to join them and be early to this fantastic opportunity for passive income with full control.

#Rocket_Pool is an #ethereum staking protocol that makes it easier to run an #ETH node from home (aka #StakeFromHome) or anywhere. I run 5 nodes myself in 5 different countries.

Ensuring that Ethereum stays decentralized is essential to censorship resistant and truly permissionless commerce over the internet. A16z, one of the best venture investment firms in the world has an article on why decentralization matters ( ‘Why Decentralization Matters’) and here is a quick summary with a review of the history of the internet.

During the first era of the internet — from the 1980s through the early 2000s — internet services were built on open protocols that were controlled by the internet community…

During the second era of the internet, from the mid 2000s to the present, for-profit tech companies — most notably Google, Apple, Facebook, and Amazon (GAFA) — built software and services that rapidly outpaced the capabilities of open protocols…

The good news is that billions of people got access to amazing technologies, many of which were free to use. The bad news is that it became much harder for startups, creators, and other groups to grow their internet presence…This in turn stifled innovation, making the internet less interesting and dynamic.

Centralization has also created broader societal tensions*, which we see in the debates over subjects like fake news, state sponsored bots, “no platforming” of users, EU privacy laws, and algorithmic biases. These debates will only intensify in the coming years.*

“Web 3”: the third era of the internet

The internet is the ultimate software-based network, consisting of a relatively simple core layer connecting billions of fully programmable computers at the edge. Software is simply the encoding of human thought, and as such has an almost unbounded design space…

Chris Dixon

Decentralization is essential for innovation to flourish and for the future of the internet - arguably the most valuable and important global network ever created by humans. Without a decentralized base layer that one government or group can't manipulate we ensure that trustless business and commerce can occur, aka #defi, #web3 (the user owned internet), #desci, and freedom for anyone with an internet connection.

Ethereum was founded on this concept - anyone with ~$200 of hardware and an internet connection could run a node to support the network and earn #stakingrewards for their service to validate the network. 

#Solana and most other crypto networks require a data center and professional grade hardware to run their blockchains. This is outsourcing the validation of the network to #AWS, #Googlecloud, or a large provider - NOT the users of the network.This is a big deal and hence why the Bank of China, JP Morgan, and other leading organizations choose #Ethereum first as their blockchain to sell bonds or build their future finance solutions with transparency and the most trust by the global technology community. Rocket Pool has lowered the barrier for running an Ethereum node and created a liquid staking token rETH that can earn extra rewards in DeFi.

First off, Coinbase is a strategic investor in Rocket Pool via Coinbase Ventures and has been deeply involved in the community by running a node for the oDAO.Now, a few years in, Coinbase has integrated #rETH (Rocket Pool's Ethereum Liquid Staking Token) into their wallet with a few clicks. Anyone can convert their #ETH into #rETH which automatically accrues staking rewards over time & can be used in multiple DeFi applications.

On top of this, Coinbase introduced #rETH as one of the first liquid staking tokens available on #BuildOnBase, Coinbase's Ethereum scaling blockchain (aka #L2).Rocket Pool is open to everyone with an open code base as well. Anyone can be a #ETH_Node operator with Rocket Pool & help to secure Ethereum. This includes #cbventures who are running minipool validators with #Unit_410. Read the whole announcement here.

Consider staking your Ethereum with Rocket Pool in a self-custody wallet to start earning passive income while supporting the future of Ethereum's global success. Self-custody staking - NOT directly on Coinbase, Kraken, Binance or with any other custodian is essential. Don't trust anyone else with your private keys, or you could be rugged or fooled by someone new like Sam Bankman-Fraudster.

Check out my educational project along with SunshineStaking.eth - EthereumStakingGuide.com to get started.

Of course there are other resources that could be helpful too. I highlight my favorite Ethereum staking resources in this video below.

Do your own research and don’t sleep on earning passive income with your Ethereum by staking it in self-custody with a trusted provider like Rocket Pool. At Ethereum Staking Guide, we are fans and users of a couple different Ethereum staking protocols, but by far Rocket Pool is the decentralized market leader with a huge community ready to help you find your way.

Thanks for reading!

Where is Coinbase doubling down in #crypto? Decentralizing Ethereum with Rocket Pool is one area. Here is the what, why, how, and what you can do to join them and be early to this fantastic opportunity for passive income with full control.

#Rocket_Pool is an #ethereum staking protocol that makes it easier to run an #ETH node from home (aka #StakeFromHome) or anywhere. I run 5 nodes myself in 5 different countries.

Ensuring that Ethereum stays decentralized is essential to censorship resistant and truly permissionless commerce over the internet. A16z, one of the best venture investment firms in the world has an article on why decentralization matters ( ‘Why Decentralization Matters’) and here is a quick summary with a review of the history of the internet.

During the first era of the internet — from the 1980s through the early 2000s — internet services were built on open protocols that were controlled by the internet community…

During the second era of the internet, from the mid 2000s to the present, for-profit tech companies — most notably Google, Apple, Facebook, and Amazon (GAFA) — built software and services that rapidly outpaced the capabilities of open protocols…

The good news is that billions of people got access to amazing technologies, many of which were free to use. The bad news is that it became much harder for startups, creators, and other groups to grow their internet presence…This in turn stifled innovation, making the internet less interesting and dynamic.

Centralization has also created broader societal tensions*, which we see in the debates over subjects like fake news, state sponsored bots, “no platforming” of users, EU privacy laws, and algorithmic biases. These debates will only intensify in the coming years.*

“Web 3”: the third era of the internet

The internet is the ultimate software-based network, consisting of a relatively simple core layer connecting billions of fully programmable computers at the edge. Software is simply the encoding of human thought, and as such has an almost unbounded design space…

Chris Dixon

Decentralization is essential for innovation to flourish and for the future of the internet - arguably the most valuable and important global network ever created by humans. Without a decentralized base layer that one government or group can't manipulate we ensure that trustless business and commerce can occur, aka #defi, #web3 (the user owned internet), #desci, and freedom for anyone with an internet connection.

Ethereum was founded on this concept - anyone with ~$200 of hardware and an internet connection could run a node to support the network and earn #stakingrewards for their service to validate the network. 

#Solana and most other crypto networks require a data center and professional grade hardware to run their blockchains. This is outsourcing the validation of the network to #AWS, #Googlecloud, or a large provider - NOT the users of the network.This is a big deal and hence why the Bank of China, JP Morgan, and other leading organizations choose #Ethereum first as their blockchain to sell bonds or build their future finance solutions with transparency and the most trust by the global technology community. Rocket Pool has lowered the barrier for running an Ethereum node and created a liquid staking token rETH that can earn extra rewards in DeFi.

First off, Coinbase is a strategic investor in Rocket Pool via Coinbase Ventures and has been deeply involved in the community by running a node for the oDAO.Now, a few years in, Coinbase has integrated #rETH (Rocket Pool's Ethereum Liquid Staking Token) into their wallet with a few clicks. Anyone can convert their #ETH into #rETH which automatically accrues staking rewards over time & can be used in multiple DeFi applications.

On top of this, Coinbase introduced #rETH as one of the first liquid staking tokens available on #BuildOnBase, Coinbase's Ethereum scaling blockchain (aka #L2).Rocket Pool is open to everyone with an open code base as well. Anyone can be a #ETH_Node operator with Rocket Pool & help to secure Ethereum. This includes #cbventures who are running minipool validators with #Unit_410. Read the whole announcement here.

Consider staking your Ethereum with Rocket Pool in a self-custody wallet to start earning passive income while supporting the future of Ethereum's global success. Self-custody staking - NOT directly on Coinbase, Kraken, Binance or with any other custodian is essential. Don't trust anyone else with your private keys, or you could be rugged or fooled by someone new like Sam Bankman-Fraudster.

Check out my educational project along with SunshineStaking.eth - EthereumStakingGuide.com to get started.

Of course there are other resources that could be helpful too. I highlight my favorite Ethereum staking resources in this video below.

Do your own research and don’t sleep on earning passive income with your Ethereum by staking it in self-custody with a trusted provider like Rocket Pool. At Ethereum Staking Guide, we are fans and users of a couple different Ethereum staking protocols, but by far Rocket Pool is the decentralized market leader with a huge community ready to help you find your way.

Thanks for reading!