Ethereum enthusiasts looking to stake their ETH will need to find a solution quickly. One option to explore comes in the form of pre-configured Ethereum 2.0 validator nodes. It is an expensive alternative, but one that may prove appealing to the right client.
The Avado Ethereum 2.0 Solution
One has to commend the companies making it easier for users to participate in Ethereum 2.0 staking. Avado is one of those devices that will do the trick. Under the hood, it uses the Prysm Client, one of the few software solutions designed for this purpose. While Avado is not just built for Ethereum – it supports running a Bitcoin node as well – the concept is very straightforward.
Thanks to the AVADO OS, it becomes easy to set up this validator node. Users need to connect to WiFi and go through the Web-based UI to complete the setup process. There is also a DappStore to experiment with other tools and extend the functionality of one’s Avado node.
As mentioned earlier, one needs the correct hardware to run an Ethereum 2.0 validator node. Avado’s machines pack the power, with the most expensive option being best-suited for staking ETH or Polkadot. It does come at a steep price tag, as users will pay $1,600 + VAT when buying this unit. Convenience often comes at a cost.
Launchnodes is an AWS Option
For those enthusiasts who do not want to run an Ethereum 2.0 validator node at home, Launchnodes offers a solution. It is not necessarily the best approach, as relying on an external host for this type of purpose can be problematic. This is especially true when that host is Amazon’s AWS. Although it is a powerful cloud solution, it tends to run into issues every now and then.
Launchnodes specializes in an “always-on” Ethereum 2.0 validator node running on AWS. It is required to have an AWS account prior to subscribing to the nodes. Once a user connects their 32 ETH deposit, they will begin earning staking rewards automatically. The concept is very simple, but it requires users to put a lot of faith into Amazon and its AWS service.
The AWS approach is convenient, but will also lead to more centralization, which is far from ideal.
In terms of pricing, it will cost roughly $594 per year to run an Ethereum 2.0 validator node on AWS via Launchnodes. That is one-third of Avado’s price, making it a more affordable option. There’s also a free trial to experiment with, although the results may be mixed, as staking is -at the time of writing- not live on the Ethereum mainnet yet.
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