Prestige IT to Provide Delegation Service for Wanchain

Dan Reecer
Aug 16 · 2 min read

Wanchain is thrilled to announce Prestige IT will join our network as a Validator node upon the upcoming launch of Wanchain’s Proof of Stake. See all upcoming product launch dates here.

Based out of Boulder, Colorado, Prestige IT has developed cutting edge solutions for unique technological hurdles while providing its clients with an array of managed IT and Cybersecurity services. Prestige IT has several blockchain specific services/products, including their Enterprise Key Management software “FrostByte”, providing clients blockchain nodes as a service (NaaS), and operating as a validator for multiple protocols. Prestige IT is currently an Authority Node Operator (ANO) for the Factom Protocol, providing highly available core infrastructure for the platform. Supporting Prestige IT is a team of industry experts who are passionate about technology and each bring specialized knowledge to address the unique risk profiles of blockchain’s adoption in enterprise environments. To learn more about their service, check out their website here.

Validator nodes will start coming live on Tuesday, August 20th and participants will be able to stake as soon as the nodes are visible on the network. The official “switch” to Proof of Stake will occur on Tuesday, September 3rd, so users are highly encouraged to stake their WAN before this date. After September 3rd, staking rewards will become active. Based on the many assumptions in our internal model, users can expect ~11% annual returns. More on Wanchain’s Validator economics and parameters here:

Beta testnet has been very successful for the Wanchain dev team, with ~140 nodes joining the testnet. Stress tests and bug fixes have gone smoothly, and the team is confident in the mainnet readiness leading up to August 20th and September 3rd. See the article below for more information on beta testing.

About Wanchain

Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).

You can find more information about Wanchain on our website. Additionally, you can reach us through Telegram, Discord, Medium, Twitter, and Reddit. You can also sign up for our monthly email newsletter here.

Wanchain

Dan Reecer

Written by

Global Community & Product Marketing at Web3 Foundation & Polkadot

Wanchain

Wanchain

Our mission is to provide an open and trusted platform to power transfer of digital assets across siloed blockchains. We believe this will enable us to connect and empower communities globally.

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