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Addition：Things you need to know about Ethereum

The vision of Ethereum

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More scalable：Ethereum needs to support 1000s of transactions per second, to make applications faster and cheaper to use.

More secure: Ethereum needs to be more secure. As the adoption of Ethereum grows, the protocol needs to become more secure against all forms of attack.

More sustainable：Ethereum was energy-intensive until recently. The transition to proof-of-stake brought a network energy reduction of over 99.9%.

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The future update of Ethereum

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Sharding is the process of splitting a database horizontally to spread the load – it’s a common concept in computer science. In an Ethereum context, sharding will work synergistically with layer 2 rollups by splitting up the burden of handling the large amount of data needed by rollups over the entire network. This will continue to reduce network congestion and increase transactions per second.

Sharding is a multi-phase upgrade to improve Ethereum’s scalability and capacity. Tt can provide secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate. They enable layer 2 solutions to offer low transaction fees while leveraging the security of Ethereum.This upgrade has become more of a focus since Ethereum moved to proof-of-stake.

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The future roadmap of Ethereum:

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  • The Merge: also known as "The Ethereum (ETH) Merge", upgrades to PoS mechanism, and reduces energy consumption.

  • The Surge: Increase the scalability of the Ethereum network through the introduction of sharding.

  • The Scourge: Ensure a neutral, reliable and trustworthy transaction packaging process, largely reduces centralization and other risks on the protocol caused by MEV.

  • The Verge: Set to reduce node size which helps to optimize Ethereum's storage conditions.

  • The Purge: Strive to reduce the disk space required for validators, simplify storage, and reduce network congestion.

  • The Splurge: Offers various interesting upgrades, strive to ensure that the Ethereum network remains      stable after achieving the previous four strategic goals.

 

What is Ethereum staking and how to unstake

Ethereum staking refers to the act of depositing a certain amount of ETH in the Ethereum network to become a validator node in order to maintain network security and receive rewards in return. At this time, withdrawals for staked ETH are not possible with The Merge. However, the upcoming Shanghai upgrade will enable withdrawals for staked ETH.


 

KingHash stake update

KingHash now supports staking strategies for 32 ETH, and staking for 32 ETH through the Kinghash Protocol will generate a Validator NFT. After the upgrade is completed in February, the minimum staking amount will support as low as 0.01 ETH , meeting the needs of all users. Also, after the upgrade is completed in February, staking ETH will generate nETH , users can unstake their ETH with their nETH, greatly improving the liquidity of user funds.

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