Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus
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Cloudflare, internet services, and DDoS protection company announced its new strategy for Web 3. In order to scale the internet, Ethereum validator nodes will be run as part of its pledge to adopt proof-of-stake (PoS) consensus technologies. This will presumably provide the company with access to the energy efficiency and consistency of this technology.
Cloudflare, one of the leading content delivery companies and DDoS mitigation companies, announced a new push that leverages Ethereum’s upcoming proof-of-stake network. To determine the viability of the scaling technology in the future, the company announced that it will run Ethereum validator nodes.
According to Cloudflare, blockchain technologies could contribute to the future of the internet, and this could lead to the decentralization of such networks. About this, the company stated:
For the Ethereum ecosystem, running validator nodes on our network allows us to offer even more geographic decentralization in places like EMEA, LATAM, and APJC while also adding infrastructure decentralization to the network.
Cloudflare made clear that it supports proof-of-stake networks due to the low energy usage compared to proof-of-work-based counterparts, declaring. About proof-of-work-based networks, like Bitcoin, Cloudflare stated:
Proof of work networks are wasteful. This waste is driven by the fact that proof of work consensus mechanisms are electricity-intensive.
Additionally, Cloudflare stated in its commitment to sustainability that it does not operate any proof of work infrastructure on its network. Cloudflare will begin experimenting with Ethereum first, it also mentioned a consensus mechanism, “proof of spacetime,” in its press release.