If you are constantly keeping track of the Ethereum blockchain upgrades and to your wonder, the latest upgrade of this blockchain has been released in the market. Yes, that's true. This upgrade is known as "Serenity" or "Ethereum 2.0" which comes with several benefits that you might not be aware of. When we talk about this upgrade, the first thing that we should understand about this upgrade is that it has given way to the upgrade of the Ethereum blockchain from the Proof-of-Work consensus mechanism to the Proof-of-stake consensus mechanism.

Hence, we'll now be shifting our focus to the Ethereum 2.0 Staking and the main advantages that it comes along with.

Benefits associated with Ethereum 2.0 staking 

Here is the list of benefits that you will get to enjoy if you involve yourself in the staking of Ethereum 2.0 from any supported platform:

  • Security and Scalability Better than before 

The main aim of this upgrade is to tackle the scalability issues that were faced by its previous version. By applying a new consensus mechanism which is known as Proof of Stake (PoS), ETH 2.0 considerably improved the network's security and scalability features. Ethereum 2.0 Staking lets investors take part in securing the network. This, in turn, results in more reliability. 

  • Generate passive income 

Ethereum 2.0 staking allows its investors to earn a passive income by the way of holding their ETH. In addition to that, they may also become a validator and earn rewards for the same. The rewards generated in these situations vary on the fact that whether you have staked your crypto or become a validator. 

  • Decreased entry restrictions 

Unlike the previous version of the Ethereum blockchain, which required expensive mining hardware, Ethereum 2.0 staking has lower entry barriers. Being a validator, you can stake ETH with as little as 32 ETH. This makes it more accessible for individuals to participate in the network and earn rewards. This democratic behavior of the network strengthens its decentralization making the staking pool wider. This improves the overall security and trustworthiness of the Ethereum blockchain. 

  • Possibilities for Capital Appreciation

Ethereum 2.0 staking provides a steady income stream to investors and validators. In addition to that, it also provides an opportunity for capital appreciation to all investors. As Ethereum grows towards evolution, the value of ETH is supposed to increase over time. By staking and holding your ETH tokens, investors can benefit by earning the staking rewards and more. 

To Sum it Up: 

Ethereum 2.0 Staking gives an excellent opportunity for investors to actively participate in the Ethereum network while earning passive income. With improvised security, scalability, and lower entry restrictions, this latest upgrade is all set to revolutionize the cryptocurrency marketplace. By staking their assets, investors can enjoy several rewards and benefits. 

So, if you also have some ETH tokens with you, then you should definitely put them to stake and enjoy maximized rewards.