What is Rocket Pool?

Rocket Pool is a decentralized staking infrastructure service that will allow users and businesses to earn rewards on their ether holdings using the beacon chain, Ethereum’s new PoS chain due in 2020. The ether deposits resemble a fixed term deposit where you can send your ether to the Rocket Pool network, then our smart contracts manage the deposit and interactions with the beacon chain. Deposit terms will range from just a few months to over a year.

Rocket Pool removes several high barriers to entry that will exist with Proof of Stake on the Ethereum network for both individuals, groups and businesses.

The beacon chain requires a deposit of at least 32 ETH . Rocket Pool will allow anyone to earn rewards on deposits as small as 1 ETH .

Registering with the beacon chain will also require the user to have knowledge on how to interact with smart contracts. Rocket Pool handles all interactions with beacon chain contracts for you.

The beacon chain will require a user who makes a deposit to be technically proficient at running an Ethereum node 24/7 and keeping that node online + secure. Rocket Pool has a decentralized network of independent Ethereum node operators that provide this service.

The beacon chain will penalize users who make a deposit but fail to keep their node online. Rocket Pool uses a unique method called ‘chunking’ which significantly reduces risk to deposits by spreading a single deposit over a decentralized network of nodes.

Some users may be confident in running their own node but do not have the 32 ETH required for the deposit. If they join Rocket Pool’s decentralized network of Ethereum nodes, they only need 16 ETH minimum to solo stake. They also get the added benefit of receiving extra income from the network for providing this service.

With the v1 beta just launching and with the demand for ETH staking in 2020, the project has a lot of potential for the future. RPL is very much under the radar and now seems to be a great time to pick some up.

Where to buy?

Step 1: Buy ethereum

Note: If you already own ethereum and do not need help in setting up a metamask wallet, please skip to step 3.

Before you can purchase RPL tokens, you would first need to buy some Ethereum. Don’t worry if you have never bought Ethereum before, the process is more simpler than it sounds.

First create a coinbase account.

If you use my link we’ll both receive $10 free.

https://www.coinbase.com/join/bellam_2un