RPLBTC
Rocket Pool / Bitcoin
crypto

Rocket Pool is an Ethereum 2.0 staking pool. The protocol seeks to lower both the capital and hardware requirements for staking on ETH 2.0, adding to the decentralization and security of Ethereum. To achieve this, Rocket Pool allows users to stake trustlessly towards a network of node operators. Rocket Pool smart contracts accept ETH deposits, assign them to node operators, and issue & track various tokens (RPL/rETH) and handle interactions with the beacon chain. They can also detect if a smart node in the network has gone down and will automatically disable it from receiving any new users until it is repaired. The Smart Node Network is a decentralised network of specialzied Ethereum nodes that run on Rocket Pool's Smart Node software. This software provides custom background processes that allow it to communicate with Rocket Pool's smart contracts, and just as importantly, provide the network consensus required by the beacon chain. Minipools Validators are are smart contracts that are created by node operators who deposit 16 ETH on their node. When they do this, their minipool contract receives 16 ETH in deposits from users who just want to stake but not run a node. When this contract contains a total of 32 ETH, that amount is sent to begin staking and at the same time a new validator is created on the node which performs the consensus duties for that deposit to earn those staking rewards.