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Contracts

Ethereum
0x4ae2cd1f5b8806a973953b76f9ce6d5fab9cdcfd

Price

$0

Market Cap

$3464298

Launch Date

08 September, 2022


Description

The eHive protocol is a community inspired experiment in DeFi Crowdsourcing built on the Ethereum Network. In the coming months, ETH 2.0 will be launched and change the network from a Proof of Work (PoW) system to the new Proof of Stake (PoS) model. To enable this change in network operations the Ethereum Network is required to have validators nodes facilitate and verify the on-chain transactions. These validators will be generating ETH fees similar to previous Ethereum miners. However, the baseline for creating a validator is currently set at a minimum of 32 ETH, which is well out of the range of the typical DeFi user. Since validators will be the backbone of the new Ethereum Network, eHive and the development team believe that all users of cryptocurrencies should have the opportunity to participate in supporting the future of DeFi whether you have 0.01 ETH or 32 ETH. Through our token and dashboard eHive plans to make validators and their revenue available to all holders big and small.

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