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An upgrade to the current Ethereum network called Ethereum 2.0 Staking, commonly referred to as ETH2 or Serenity, is intended to increase the blockchain's scalability, security, and sustainability. The concept of staking was one of the core elements of Ethereum 2.0. Staking in Ethereum 2.0 entails users locking up their ether (ETH) as a sort of collateral to maintain the network and take part in the consensus mechanism. These users are referred to as validators.
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