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Showing posts with the label taking

Avalanche Makes a Move: Web Wallet Shutdown Raises Staking Questions

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Core Stake launch revolutionizes AVAX staking, promising direct control, and customized experiences. 57% of AVAX supply staked, reflecting a robust 17% growth in engagement over the last month. Teleporter enhances subnet interoperability, aiming to streamline data exchange across Avalanche. Avalanche has taken significant strides toward evolving its digital asset management and s taking environment by discontinuing its traditional web wallet. The decision aligns with the platform’s transition towards Core Stake, a more advanced and feature-rich platform designed to offer a holistic and enriched user experience.  This move is set to redefine how AVAX stakers engage with the network, promising enhanced security, user autonomy, and a range of staking options. The end of the web wallet, effective from 11 am ET on March 6, marks the beginning of a new chapter for Avalanche and its community. The Avalanche wallet has officially been discontinued. U...

SSV.network hits mainnet to increase decentralization of Ethereum staking pools

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SSV.network launches distributed validator technology network with more than 10 partner staking DApps to help decentralize Ethereum staking. Criticisms aimed at the perceived centralization of Ethereum (ETH) staking pools may finally be quelled by an alternative staking infrastructure that aims to improve private key security and reduce validator down times and slashing penalties. Speaking exclusively to Cointelegraph, SSV.network founder Alon Muroch outlined how the platform's distributed validator technology (DVT) developed in partnership with the Ethereum Foundation will help decentralize ETH staking pools and validators. SSV.network launched its public mainnet with more than 10 staking decentralized applications deploying their platforms on the network on Sept. 14. DVT is envisaged to decentralized the current landscape of staking providers, which is currently dominated by a handful of ETH staking pools that command a significant share of ETH locked in the ETH2 staking contra...