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:
Wanchain Proof of Stake Validator Economics for Upcoming Alpha Testing
An overview of Wanchain’s Proof of Stake economics, definitions, and next steps
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.
Wanchain Staking - Beta Testnet Live and TPS Increased to 1000+
The beta testnet for Wanchain Proof of Stake has been released along with three new Wanchain products
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).
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