Blockdaemon is a leading provider of blockchain services, with more than $10 billion USD in assets staked via their institutional grade infrastructure. Today we are excited to announce that Blockdaemon is joining the Elrond Network as a staking provider!
“With Blockdaemon joining our validators network, Elrond becomes even more decentralized, and the ecosystem stands to benefit from the influx of high-end infrastructure and top notch professionals operating it.” said Lucian Mincu, Elrond Network CIO.
Their node management platform will help auto-scale Blockdaemon servers running Elrond Validator nodes securely with enhanced monitoring, back-up systems, HA clusters, APIs and cloud-managed node monitoring of on-premises solutions, greatly contributing to the overall health and consistent performance of the Elrond Network.
“We are thrilled to join one of the largest PoS networks and support the decentralization and high availability of the Elrond blockchain with Blockdaemon infrastructure. We are aligned with their mission to build a highly scalable platform to improve throughput and efficiency and look forward to future growth together.” said Demetrios Skalkotos, SVP Global Head of Sales at Blockdaemon
The Blockdaemon non-custodial staking pool is live and currently offers ±12% APR with no delegation cap. You can find Blockdaemon as a verified Staking Provider in both the Maiar App and the Web Wallet.
Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 50+ cutting edge blockchain networks in the cloud and on bare metal servers globally, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains. We power the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes.