ETH 2.0: Trustology Readies to Offer Institutional Investors Secure Staking
Trustology, a crypto custodial platform that claims to offer users secure storage of private keys without compromising on speed, ease-of-use or access, has announced that it will offer institutional investors ETH-2.0 staking support. Institutional clients will be able to stake their ether via mobile, web, or API integration, according to a blog post on July 23, 2020.
ETH-2.0 Staking Live on Trustology
Having successfully participated in the recently conducted Ethereum 2.0 staking pilot by ConsenSys Codefi, Trustology has made it clear that the stage is now set for institutional investors to enjoy the best of ETH staking via its platform.
As stated in its blog post, Trustology has put in place a mix of proprietary fail-safe software, hardware, and insurance that will enable its users to stake their ETH holdings in a safe and frictionless manner via their TrustVault wallet accounts.
The firm says users can take advantage of its multiple layers of security which include multi-sig, walled gardens, biometrics, and top-tier encryption to have a secure and intuitive staking experience.
Win-Win Scenario for All
On top of that, Trustology has hinted that users will be able to stake their ETH via both desktop and mobile devices.
Commenting on the exciting development, Alex Batlin, CEO of Trustology reiterated that the Trustology’s alliance with ConsenSys makes it possible for it to offer investors and validators the best possible staking experience.
In his words:
“Our partnership with ConsenSys enable us to fast-track stakers to the frontline to get a jump on earning interest on their passive income. Thanks to our custom HSM firmware, we are able to lead the market in offering a fast and scalable custodial wallet solution for both investors and validators involved in staking operations.”
For the uninitiated, ETH 2.0 upgrade which is expected to go live before the end of 2020, will transition the Ethereum proof-of-work (PoW) network to proof-of-stake (PoS) and usher in a vast array of improvements, plus staking support to the smart contracts network.
As reported by BTCManager earlier in June, data released by Arcane Research, a crypto research firm shows that the cryptocurrency investors are now stacking up on ETH as Ethereum 2.0 launch gets closer.
Ahead of the ETH2.0 public launch, the Ethereum Foundation launched a bug bounty program for two ETH 2.0 networks on July 20, 2020, to incentivize developers to fish out bugs and loopholes in the network.
At press time, the price of ether sits at $274.55, up by a decent 4.06 percent in the last 24-hours, with a market cap of $30.72 billion, as seen on CoinMarketCap.