Figment is a Canadian-based blockchain infrastructure provider that has an industry-leading role in developing next-gen products and services designed to remove the complexities, making it simple to use and build on top of blockchain networks, with a strong focus on PoS protocols.
We’re excited to announce that Figment is now using their well established validator experience on Proof-of-Stake protocols to offer highly reliable & secure staking services within the Elrond Network. Their recently deployed staking pool already has 22 validator nodes, make sure to check them out here:
“As the Elrond ecosystem continues to expand, we are seeing a growing demand for top-notch infrastructure solutions and Figment is leading the charge with their impressive experience in the field. We are happy to see such professional blockchain infrastructure operators leverage their unique capabilities to power the ecosystem and drive it forward.“ said Lucian Mincu, Elrond Network CIO
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.
Figment is Canada’s largest blockchain infrastructure and service provider. The team has 30+ years of experience providing secure data center, cloud, and software solutions. Customers of Figment include the world’s leading token investors, developers, protocol teams, exchanges, and custodians. Figment’s mission is to support the adoption, growth and long term success of the Web 3 ecosystem.