Metanyx announces staking pool for AION Unity

Metanyx
Metanyx
Nov 4 · 3 min read

Metanyx are joining the growing AION network as a Staking pool provider. In November 2019 the AION mainnet will be upgraded to support the new Unity Consensus algorithm. Metanyx will be running a Proof of Stake delegation pool allowing voters to earn rewards from staking their tokens with our staking pool.

AION Unity next generation Consensus

Unity Consensus is one of the first of its kind hybrid consensus algorithm which will provide higher network throughput as well as enhanced security. Blocks will be generated interleaved between PoW and PoS algorithms.

PoS staking pools will have pseudo-random time between blocks based on vote percentage making impossible to determine which staking pool will qualify to sign the next block. Proof of Work will continue to operate with lottery type problem solving of the hash based on the difficulty determined by network hashrate. The mixture of interleaved blocks provides one of the most robust and secure Blockchains in the world. Unity has a variety of characteristics introduced by Proof of Stake coupled with existing Proof of Work the set it apart from existing Blockchains.

  • Increase the security of the network by introducing Proof-of-Stake economic incentives
  • Adaptable to network size and topology providing fairer distribution of rewards
  • Easy participation of holders to participate in block production by staking

For more information please see the Aion Unity Consensus whitepaper and the Aion Unity Engineering Spec.

Why Stake with Metanyx?

Metanyx are an established block producer with proven reliability and knowledge. Metanyx carefully select the networks we are involved to ensure we add value beyond block production itself.

High Availability Platform

Metanyx has a proven record in a number of existing networks providing reliable production utilizing a high availability infrastructure. We run an N+1 architecture spanning multiple regions with the ability to failover between our dedicated AION infrastructure.

Monitoring and Alerting

We use Google Stackdriver to actively alert on availability of our nodes by monitoring endpoints , processes and configure alert metrics on real time log data. We have identified a variety of issues on other Blockchain networks winning bug bounties multiple times. We are 100% committed to providing a highly available block production infrastructure for our voters to maximize their return.

Testing on Amity

Metanyx have been actively testing the Proof of Stake Unity Consensus on the Amity testnet and have been producing blocks reliably. Voters will be able to delegate to our Staking Pool once the Unity updates occur in November to the AION mainnet. We will be working with the AION team to ensure we are ready to being mining PoS blocks from day one.

We will be reviewing the economic model for the staking pool and adjusting our commission to be inline with other staking pool providers to ensure all mining pools can run the necessary hardware affordably.

We will be allocating our initial self bond of 60k of AION to allow us to provide staking services up to 6 million of the currently ~380 million circulating supply, we expect this to be sufficient initially and will increase our self bond when we reach 75% to ensure we have additional capacity.

About Metanyx

Metanyx at its core is a network of passionate Blockchain enthusiasts that collaborate and share their collective skills and knowledge to mature the ecosystem.

For more information about Metanyx please see the following

Metanyx Twitter — https://twitter.com/metanyx

Metanyx Medium — https://medium.com/metanyx

Metanyx Website — https://metanyx.com

Metanyx Telegram — https://t.me/MetanyxO

Metanyx

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