This article is a follow-up to my general ETH 2.0 introductory, available here: 
In preparation of ETH 2.0: Market moves, Mining changes, Plan B

The big Ethereum 2.0 consensus change

As you've probably heard by now, Ethereum will go through a series of notable updates in the following months, one of which is that the core Ethereum network will leave the current Proof-of-Work consensus mechanism behind and move on to the Proof-of-Stake model. Proof-of-Stake means, that miners will no longer be eligible to monetize their hardware resources through mining. The mining difficulty will increase to an extent, after which mining will be completely unprofitable, forcing miners to move on to other monetization methods, namely staking.

What is staking after all?

In the new consensus mechanism, the blocks which are currently mined (validated) by miners, will be validated by so-called staking nodes. A staking node is an entity (a person, organization, staking pool), who has deposited at least 32 ETH in a contract. This guarantees that they act honestly on the network. In each Ethereum block from Ethereum 2.0 a random node or a set of random nodes will be selected to validate the block. If they act honestly, they receive staking rewards ranging from around 4% to 20% APY. If they misbehave however, these nodes will be "slashed", meaning a fraction of their staked ETH will be lost. 

How to invest in staking?

As you probably don't have 32 ETH in your pocket to invest, you'll need to find a staking pool, which is a community of ETH holders, totaling at least 32 ETH of locked value. The staking rewards will then be distributed to the pool members by a predefined scheme. Multiple ETH staking pools exist by now, yet, I'm going to show you a way better investment method, which instantly guarantees profits for Ethereum believers.

The BETH market revolutionizes ETH staking

There is a token on multiple networks, called Beaconized ETH, BETH for short. BETH embodies one Ether on the Ethereum 2.0 network, which means, as soon as Ethereum 2.0 gets released, 1 BETH will be interchangable for 1 ETH in a 1:1 ratio. BETH is issued by Binance, and traded at some of the major exchanges, namely Binance, Huobi and OkEX. 

How to get your 7% discount now?

As I've mentioned, 1 BETH will be interchangeable for 1 ETH as soon as the Ethereum merge takes place. On Binance, BETH/ETH currently trades for 0.93, meaning 1 BETH is currently 7% cheaper than 1 ETH. As soon as the merge gets closer, BETH is expected to raise in price, and you're expected to win 7% instantly, without risk. To be honest, there is a minimal risk in this: Binance, the largest centralized crypto exchange going bankrupt or scamming you (it will not), or Ethereum 2.0 never gets released (it will). But let's quote the classics: Wait, there's more! Just by holding BETH in your Binance wallet, you get a fraction of Ethereum staking rewards every day, credited to your account instantly. That's pure, almost risk-free passive income if you ask me.

Claim your discount now through my Binance referral link: https://accounts.binance.com/en/register?ref=72108278

And have a nice day! :)

Disclaimer: This article does not constitute investment or financial advice. Take professional consultancy to evaluate and address your investments and financial situation. You assume the sole responsibility of evaluating the merits and risks associated with the use of any information provided.