The new upgrade from Ethereum 1.0 to Ethereum 2.0 ("Serenity") improves the network’s speed, efficiency, and scalability, allowing it to handle more transactions. Ethereum 2.0 is a proof-of-stake blockchain. The consistency of transaction history is maintained not by miners solving an arbitrary mathematical problem but by a quorum of so-called validators. Validators verify the blocks and transactions, sign them with their validator keys, and feed this verification into the network.
Codefi Staking from ConsenSys provides a user interface for Ethereum escrow on the Ethereum 2.0 beacon chain and removes the challenges of running independent validator nodes. Codefi Staking will leverage Teku, ConsenSys' Eth2 client, for institutional staking.
Securosys CloudHSM supports the new BLS algorithm used by Ethereum 2.0 (ETH2.0). Together with Consensys Codefi, it provides Ethereum 2.0 validators with a convenient way to stake their ETH, ensuring proper enterprise-grade security throughout the Ethereum 2.0 transition and beyond.
Integration with the Securosys ecosystem brings the highest level of security to the process, as Staker can seamlessly create keys directly in the CloudHSM and protect them with Securosys' fundamental control mechanisms.
Withdrawal keys should be in a protected environment at all times. CloudHSM, together with Consensys Codefi, provides around-the-clock protection as well as the convenience of staking ETH and securing data during the transition to Ethereum 2.0 and beyond.
