Elrond validators to be included in stakefish’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 stakefish 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 stakefish we are now able to recommend a trustworthy professional blockchain infrastructure operator to all our supporters that need one.” said Beniamin Mincu, Elrond CEO
“It’s great to work with Elrond to help them secure their network. stakefish is glad to help the staking community constantly grow. We look forward to adding value to the Elrond ecosystem on top of running our proven validator infrastructure.” said Wang Chun, CEO stakefish
About stakefish
stakefish is a leading validator for Proof of Stake blockchains. Founder & CEO Wang Chun, who previously co-founded f2pool — the Chinese mining pool often referred to as “Discuss Fish” — leverages his expertise to also provide security to Proof of Stake networks. stakefish is a node operator or validator on EOS, Cosmos, Tezos, Chainlink, Algorand, Loom Network, IRIS Network, Kusama, The OAN, BOS and Storj. The company is at the forefront of the staking economy, expanding their validator infrastructure to support different projects and creating fair opportunities for everyone to stake their cryptocurrencies.
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.
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