Animoca Brands invests in Telegram’s TON blockchain protocol and becomes its largest validator as it eyes GameFi development on the platform.
Google Cloud is now a validator on the Polygon network
According to Polygon, “the same infrastructure used to power YouTube and Gmail” will help secure its network.
Google Cloud is now a validator on the Polygon network
According to Polygon, “the same infrastructure used to power YouTube and Gmail” will help secure its network.
Ethereum validators may have to stake 64X more ETH, devs discuss
The proposal received mixed reactions from the crypto community, with some users stressing that it would make the network more centralized.
Ripple expands Canadian engineering activities with U of Toronto XRP validator
Canada’s largest university is the third in the country to partner with Ripple’s University Blockchain Research Initiative.
Germany’s Deutsche Telekom plugs in as Polygon validator
The German telecommunications firm looks to leverage its infrastructure in Web3, plugging in as a network validator for Ethereum scaling protocol Polygon.
Ethereum validators earn a record $46M as staking rewards rate surges
Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible.
Gnosis Chain spends $5M on validator incentive program for decentralization
The program offers 388 mGNO to each of the first ten validators that runs in a listed country.
TON validators receive single nominator smart contract
Orbs’ single-nominator contract offers independent validation for validators, safeguards against gas attacks and enables stake recovery during emergencies.
Solana faces slowdown in block production, network restarted
The issue is linked to the recent network upgrade from 1.13 to 1.14, which slowed block finalization.
‘Decentralized Infura’ may help prevent Ethereum app crashes: Interview
The initial “Dfura” marketplace, which is currently in development, is expected to include up to 10 Web3 data providers.
Number Of New Ethereum Validators Remains Flat Ahead Of Shanghai Upgrade
There is no marked shift in the number of new addresses depositing the required 32 ETH, the minimum amount required to be deposited into the Beacon Chain for holders who wish to operate a validator node, into the official Beacon Chain Deposit Address ahead of the Shanghai Upgrade on Ethereum.
The Shanghai Upgrade is scheduled for March 2023 and this hard fork will allow stakers to unlock ETH locked in the Beacon Chain.
Number of New ETH Depositors Falling
Apart from the spike in new deposits in the second quarter of 2021, the number of new accounts depositing 32 ETH is declining. The figure remains flat throughout the second half of 2021, the better part of 2022, and January 2023.
Data from Cryptoquant shows that 49 new accounts deposited 32 ETH into the Beacon Chain on January 23, down from 210 recorded less than 10 days earlier on January 13. This is nothing compared to the 2,158 new depositors recorded on May 27, 2021.
Ethereum shifted from a proof of work system to a staking system in 2022 via the Merge. During the Merge, the proof-of-work algorithm was officially switched off as the network transited to a staking system, replacing miners with validators.
Validators are required to stake at least 32 ETH. This amount is needed to ensure that they comply with the network’s rules. Validators are tasked with confirming on-chain transactions and securing the network.
The stake amount is “slashed” whenever they try acting maliciously, or their performance drops, falling lower than the network stipulates. In extreme cases, other Ethereum validators can “slash” the offending validator, wiping out their entire stake.
Proof-of-Stake In Ethereum Fosters Decentralization
The growth in the number of unique accounts, mostly validators depositing over 32 ETH, has been linear since late 2020. To illustrate, the number of unique depositors rose from 77 on November 4, 2020, to 82,634 on January 24, 2023. This steady growth is a positive for Ethereum as a network. It could be an indicator of the positive response from the community.
By eliminating miners for validators, the playing field is leveled for everyone, including those who couldn’t afford to buy mining gear or actively keep track of graphic card prices. Ethereum validators are required to ensure their nodes operate with high reliability and 100% up-time. This is in place of operating mining rigs which were energy intensive, scarce, and generally expensive.
As of January 25, over $25.2 billion worth of ETH was officially locked in the official Beacon Chain Deposit Address. The dollar value, however, fluctuates depending on the ETH spot rates.
After peaking in late November 2021, ETH prices have more than halved to spot rates at $1,556 on January 2023 at the time of writing. On June 18, 2022, ETH prices fell to a cycle low of $880.
Ava Labs partners with AWS to offer one-click node deployment
Other new features include a subnet deployment service and GovCloud integration for compliance-friendly Dapps
Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants
Traders using builders to execute their complex trades could save a significant chunk of their gas fees as they no longer have to pay for failed transactions.
Ethereum gone wrong? Here are 3 signs to keep an eye on during the Merge
The Ethereum merge is fast approaching and those with assets at stake should keep a close eye on the following data sources.
Crypto staking: How to pick the best staking coins for passive income
Because the blockchain puts your crypto to work, it generates incentives (form of passive income) while it is staked.
A16z taps Deutsche Telekom subsidiary as Celo validator
Deutsche Telekom’s T-Systems MMS is now a public validator on Celo via its Open Telekom Cloud infrastructure.