Cloudflare stated, "Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone."
Cloudflare, a cybersecurity organization, is slated to activate and fully stake Ethereum validator nodes in the next months, ahead of Ethereum's highly anticipated migration to proof-of-stake (PoS).
As part of its commitment to environmental sustainability and to help "build a better internet," it plans to investigate the PoS network's energy efficiency, consistency management, and network speed.
Cloudflare was established in 2010 and offers web security services such as DDoS mitigation to protect clients from DDoS attacks.
Cloudflare announced that it was testing the "next generation of Web3 networks that are embracing proof of stake," with Ethereum being the first in line.
At this point, it appears that the Merge and move to a PoS consensus method will go live in Q3 or early Q4, barring any more delays, with Cloudflare claiming that the network will see "significant energy efficiency improvements."
According to a Monday blog post, the company plans to launch and fully stake Ethereum validator nodes in the next months, with each node requiring 32 Ether (ETH). It didn't say how many nodes there would be or when they would start:
"Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone."
The blog post said, "These nodes will serve as a testing ground for research on energy efficiency, consistency management, and network speed."
The experiments, according to the company, are part of its environmental commitment and will help establish a route "that balances the clear need to drastically reduce the energy consumption of Web3 technologies and the capability to scale the Web3 networks by orders of magnitude."
Ethereum's future enhancements, according to Cloudflare, will drastically lower energy consumption as it moves away from the "challenging" proof-of-work (PoW) architecture, which has been at the vanguard of Web3 adoption but "not scale well with the usage rates we see today:"
“The energy required to operate a Proof of Stake validator node is magnitudes less than a Proof of Work miner. Early estimates from the Ethereum Foundation estimate that the entire Ethereum network could use as little as 2.6 megawatts of power. Put another way, Ethereum will use 99.5% less energy post-merge than today.”
While the company did not specify which project it will work on next, it did hint that it will continue to collaborate with partners in the "cryptography, Web3, and infrastructure communities."