Elrond validators to be included in Stake Capital’s service offering
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 compute 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 Stake Capital will offer Elrond validation on behalf of anyone interested via their liquid staking pools (enabling Elrond validation without the need for operating individualized infrastructure) as well as custom Staking-as-a-Service offerings. Additionally, Stake Capital plans to include Elrond as a service inside of their newly launched Stake DAO, allowing stakers to capture additional validation fees.
“Participants in the Elrond network are our core focus, regardless of their available resources or skills. By joining forces with Stake Capital we are now able to recommend a trustworthy professional blockchain infrastructure operator to all our supporters that need one.” said Beniamin Mincu, Elrond CEO
“The array of projects we support on behalf of our customers is carefully selected to make sure our visions are aligned and sustainable value is created for all involved. After interacting with the core team and joining the Battle of Nodes public testnet event, we are confident Elrond is a project fully fitting our criteria, that we are happy to support moving forward.” said Julien Bouteloup, CEO Staking Capital.
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 Stake Capital
Stake Capital is the partner of choice for those who wish to effortlessly participate in decentralised economies. Stake Capital provides financial instruments and services on top of the leading DeFi and staking networks. Stake Capital is currently transitioning their service provision to a newly launch Stake DAO, enabling stakeholders to capture a portion of staking fee revenue across all of the DAO’s supported networks.
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