We’re excited to announce that the validator arm of Persistence, AUDIT.one, one of the most experienced and active blockchain infrastructure services providers, has joined the Elrond Network as a Staking Provider.
Through our collaboration, Persistence will be operating Elrond Validator infrastructure, and engage with Elrond Network technology to deploy DeFi products and explore complex topics such as liquid staking.
“We were impressed with the high level of energy displayed by the Persistence team, which gave us a strong indication of the amount of effort and potential benefits that Persistence can contribute to the Elrond ecosystem and its proliferation as the infrastructure for the new internet economy” said Lucian Mincu, Elrond Network CIO.
“Deploying Elrond validator infrastructure is a seamless experience that speaks volumes about the care of the Elrond community for node operators in particular, and builders in general. We are excited to explore synergies with Elrond team on DeFi and Staking frontiers. “ said Tushar Aggarwal, Persistence CEO and Co-Founder.
AUDIT.one are already a featured staking provider. You can delegate EGLD towards them in a non-custodial manner, start here: https://elrond.delegation.audit.one/
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Persistence is a multi-asset protocol focused on Liquid Staking (pSTAKE), NFTs (Asset Mantle) and Commodities (Comdex). Persistence ecosystem products are designed to stimulate global liquidity and enable seamless value exchange.
Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms etc.