Elrond Partners with Everstake for Staking Delegation Services
Blockchain is a core enabler for the new distributed economy — a layer of transparent and fair financial & technological mechanisms that will replace their centralized counterparts by offering the exact same functionality, but in a trustless manner.
Trusting a third party is replaced by mathematical proofs generated by the very fabric of any distributed layer — its network of computers. Participating with computing resources in a blockchain is one of the many ways of earning money in the new distributed economy.
At Elrond, we strive to lower the barrier of entry for our validators so that basic computer skills and entry-level PCs are sufficient to join our network and earn ERD rewards. We however want to make sure that even Elrond supporters without the time or resources to set up their own nodes can put their favorite cryptocurrency to work for them.
We are therefore happy to announce that Everstake will run Elrond validators on behalf of anyone interested in their Staking-as-a-Service offering.
“Participants in the Elrond network are our core focus, regardless of their available resources or skills. By joining forces with Everstake we are now able to recommend a trustworthy professional blockchain infrastructure operator to all our supporters that need one.” said Beniamin Mincu, Elrond CEO
“Our job as a staking service is larger than just validating transactions and generating blocks. We commit our resources to sustain the long-term well-being of the networks where we operate. Therefore, our selection process is rigorous. It includes due diligence on technology, economics, and business appliances. Elrond meets all our criteria, and we are happy to join the network as a validator.” said Sergii Vasylchuk, CEO and Founder of Everstake.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Everstake
Everstake is a staking service helping institutional investors and regular token holders to earn staking rewards on their PoS digital assets. The company operates in 16 blockchain networks as a validator. The community has entrusted the service provider with stake and votes worth more than $1 billion.
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