Cloudflare, the internet infrastructure company, launched its latest testing batch to enhance its state-of-the-art technology, four years after its original research in web3.
These experiments will look for novel approaches to address the scaling and environmental issues that blockchain technology face today. Cloudflare is also dedicated to balancing technology with impact, where the Proof of Work (PoW) consensus flaw exists.
The biggest issue with PoW is that it consumes a significant amount of power. This is why Cloudflare thinks that Proof of Stake (PoS) consensus techniques will most likely be used in the future generation of consensus protocols.
Cloudflare, as a result, stated on May 16 that they would begin testing the next generation of web3 networks that include PoS, beginning with Ethereum, especially “The Merge.” Ethereum will switch from PoW to PoS after the Merge.
Cloudflare will promote the development and implementation of Ethereum by operating Proof of Stake validators on its network.
Cloudflare will deploy Ethereum validator nodes on the Cloudflare network and stake them completely. These nodes will be used to test energy efficiency, consistency, and network speed.
This will have a huge effect on the environment since a PoS validator requires a fraction of a PoW validator’s power.
Cloudflare believes that the Ethereum network might require as low as 2.6 megawatts of electricity. This indicates that after the merger in 2022, Ethereum will require 99.5 percent less energy.
Cloudflare closed its statement by emphasizing that this is just the beginning of its effort to assist in developing the next generation of web3 networks.