It is all about collectivized staking to support the ETH2 network.
It is wondrous to know about all those industries and sectors that have been showing great signs of success and have been changing the game in their respective niches. This prominent growth and development across industries is not something that can only be attributed to the relentless drive, passion, and astute ideas of professionals and entrepreneurs; it is something that must also be credited to the advent of technology and the various tools it has made available to people and industries over the years. This includes the digital financial industry, which has been growing tremendously and helping people gain even more tremendous opportunities for growth in the industry. We saw the rise of one such platform in the Defi space called Agora Protocol.
So, what really is Agora Protocol, you ask? Well, it is everything related to the collectivized staking to support the ETH2 network. It is said that staking is great for the Ethereum ecosystem, where people can help secure the network and earn rewards in the process. Explaining in details for the novice in the industry, the team behind the platform explain that staking is an act of depositing Ethereum to activate validator software and as a validator, one is responsible for storing data, processing transactions, and adding new blocks to the blockchain. This ensures the safety of Ethereum for everyone and even gives them the opportunity to earn new Ethereum in the process.
Agora Protocol, with its work for collectivized staking, has been making sure to change the game of the digital financial industry. Staking the ETH2 is what the team behind this platform is emphasizing and focusing on and also motivating others to be a part of. ETH2 is the upgrade of the Ethereum network that is driven to improve the network’s security and scalability. This upgrade involves a shift in Ethereum’s mining model to a staking model.