Rocketpool is a decentralized Ethereum staking pool that enables users to safely and securely participate in the Ethereum 2.0 Proof of Stake consensus mechanism. It is designed to make it easier for individual users, companies, and organizations to join the network by providing them with an easy-to-use interface and allowing them access to lower fees than they would otherwise pay if they were running their own nodes.
The Rocketpool platform was created in 2018 by Simon de la Rouviere, a software developer from South Africa who also developed Curio Investing, which allows investors to purchase fractional ownership of rare artworks on the blockchain. The main purpose of Rocketpool is to allow users with less technical knowledge or resources to benefit from staking rewards without having to run their own node or navigate complex staking protocols.
To use Rocketpool’s services, users need MetaMask installed on their browser as well as some Ether (ETH) tokens stored in the wallet associated with that account; once these conditions have been met, anyone can start earning ETH rewards through validating blocks and participating in consensus activities related Ethereum 2.0 Proof of Stake protocol. On top of this service fee model based on percentage taken out from block rewards, Rocketpool charges 0% service fee when connected directly via API keys or hardware wallets like Ledger Nano S/X & Trezor Model T/One devices while a small fixed fee applies when connecting through MetaMask accounts only.
Users are able to withdraw any earned rewards at any time during operation hours; however due to security reasons withdrawals may take up 24 hours before being completed successfully depending on user’s withdrawal amount limit set upon registration process completion along with other identity verification measures adopted by RocketPool team for added protection against fraudulence operations within its platform ecosystem .
