Rocket Pool (RPL) cryptocurrency
Rocket Pool is a decentralized Ethereum staking protocol. The project was developed to help stakers, with the intention of giving everyone the ability to autonomously stake Ethereum on the network, secured by collateral - the RPL token.
The idea behind the project is to ensure that the network is not controlled by any party. This point applies to both ETH and ETH2. Rocket Pool is poised to bring to life the most important spirit of ETH and decentralized finance, especially the non-custodial and trustless nature.
From the very beginning, the project's token, RPL, has been the real basis of the protocol. RPL is now used for governance, incentives and insurance.
Rocket Pool (RPL) Review
Rocket Pool was created by David Rugendyk, who began working on it in 2016. David has nearly 20 years of experience leading development teams, building application architectures, and launching products for government and financial markets. The total experience of team members exceeds 70 years.
The unique feature of Rocket Pool is that it allows anyone to join in staking ETH2, regardless of how much they have invested or have sufficient technological knowledge.
Benefits of Rocket Pool (RPL)
- Liquid staking. Rocket pool gives users the opportunity to benefit from a rising exchange rate rather than rebase the collateral they have staked.
- Smart Nodes. Anyone can run a node on the network. With the loss of bad nodes socialized throughout the network, users reduce the risk of being sanctioned.
- Experience. The project began its journey in Crypto World in 2016. The protocol was developed with the help of Mauve Paper presented by Vitalik Buterin. Rocket Pool has been in the industry for a long time and the experienced team of developers is working hard to make the magic of decentralization happen.
Disadvantages of Rocket Pool (RPL)
- Difficulty. Some users claim that they would like to join Rocket Pool, but find it too difficult, especially when it comes to placing bets and setting up a personal node.
- Competition. Rocket Pool may face high competition in the cryptocurrency market as more decentralized ETH staking protocols emerge every year. However, they seem to be successfully overcoming these difficulties, as RPL has become increasingly popular recently.
