Rocket Pool is a first of its kind, next generation decentralised Ethereum proof of stake (PoS) pool in alpha and built to be compatible with Casper, the new consensus protocol due in 2018.. Rocket Pool ICO rating – not rated.
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Ended ICO : 25/11/17 – 23/12/17
About Rocket Pool ICO (token sale)
Rocket Pool is a first of its kind, next generation decentralised Ethereum proof of stake (PoS) pool in alpha and built to be compatible with Casper, the new consensus protocol due in 2018.
Unlike traditional centralised Proof of Work (PoW) pools, Rocket Pool utilises the power of smart contracts to create a self-regulating, decentralised network of smart nodes. These smart nodes can then be engaged by users with any amount of Ether to earn interest on their deposits, all the while helping to secure the Ethereum network.
Rocket Pool is composed of 3 primary elements; smart contracts, smart nodes, and minipools. All three integrate with each other to provide a new type of network that can automatically scale, load balance, and self-monitor across multiple cloud hosting providers in any region of the world.
Rocket Pool is currently in alpha with its code publicly available for inspection. It can be run locally by any user that desires to see how it works. Rocket Pool also boasts several first to market user features for Casper staking such as Widow Addresses and Rocket Deposit Tokens (RPD).
Casper is a planned future change in the way the Ethereum network forms distributed consensus and is primarily aimed at reducing energy wastage. Casper achieves this goal by using a consensus mechanism called Proof of Stake. Consensus in this regard means that everyone in the network agrees that the current chain being used is the correct one. The Rocket Pool alpha is currently running with a dummy Casper contract that simulates the inputs and outputs of Casper as currently specified. It is important to note that Casper is not a finished protocol and is still under heavy development. As a result, it is entirely possible that Casper may change significantly and the resultant impact on Rocket Pool may vary from insignificant to major. It is important to be aware of this risk. Rocket Pools development team will keep a very close eye on the Casper development process, and react immediately to any applicable changes where possible.