PoS Pioneers P2P Validator Joins Elrond Network As Staking Provider
P2P Validator is one of the earliest providers of blockchain infrastructure services. They have been active in the space since 2018 as a Cosmos Hub validator and have since expanded to more than 25 networks, with $4.5+ Billion USD assets under management and 25,000+ customers.
We are excited to announce that P2P Validator will henceforth contribute their vast experience with various PoS economies to run top notch infrastructure for Elrond validator nodes, as well as contribute insight, governance support and foster further ecosystem collaborations on the mid and long term.
“The Elrond mainnet launched a bit over 1 year ago, which means we’re very early, and there is still a lot of work ahead of us to unlock the true potential of horizontal scaling to an internet-scale. We’re therefore happy to join forces with P2P Validator and leverage their experience and expertise to take things to the next level.” said Lucian Mincu, Elrond Network CIO.
“We are excited to work closely with the Elrond team on a common purpose of making decentralized services simple and accessible for everyone. It’s pretty easy to set up and maintain multiple nodes along with a smooth staking experience for delegators.” said Alexey Bondar, Research Lead at p2p.org.
The P2P Validator staking pool is already active and currently accepting delegations - you can find it here: https://explorer.elrond.com/identities/p2p_org_
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.
About P2P Validator
P2P Validator launched in 2018 with a mission to positively influence the development of PoS technologies. Since our launch we have grown to manage 4+ billion USD in staked assets across 25+ unique blockchain networks.
P2P Validator sets itself apart through expert knowledge of the digital asset ecosystems, together with comprehensive 24/7 monitoring and support. In addition, P2P team are avid believers and developers within the supported networks, guaranteeing delegators an access to only the highest-quality staking opportunities.