March 19, 2021
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Road To Decentralization: Valid Blocks Joins The Elrond Network As Staking Provider

The Elrond Network is 2169 validator nodes strong and will soon increase to 3200. There are 2,000 people in the Validators community, operating thousands of nodes on our public testnet and devnet, several staking providers, and tens of thousands of people delegating eGold.

These impressive numbers were not achieved overnight. There was a lot of work put in, both by the Elrond team and by its early supporters, who believed in the project from very early on and contributed their time and resources to make it better.

Today we are proud to announce that one of our earliest contributors has created a professional staking services company, Valid Blocks, which will operate Elrond infrastructure and offer non-custodial delegation services for our community!

“Elrond has achieved several important milestones on our mission to deliver and integrate the internet-scale blockchain. Eddie believed in us since the beginning and contributed a lot towards establishing our Validators community and early testing phases of the protocol. It’s great to be able to welcome him and his company into the Elrond ecosystem” said Lucian Mincu, Elrond CIO.

The Valid Blocks team has been involved in the Proof of Stake space since its early days. They’ve been part of some of the best teams in the Cosmos incentivized testnets and have been since running infrastructure for various projects.

Their service offering will include non-custodial delegation services for the Elrond Network. Besides their vast experience with our Validators infrastructure, the team also offers support in English, Romanian, Spanish, and Catalan languages, to better serve the needs of their customers.

“I’ve been working with Elrond for a very long time and the team really feels like family to me. I am incredibly happy that I can now contribute more to the Elrond ecosystem, by securing the network and our customer’s funds using all the knowledge we’ve gathered over the years.” said Eddie Nuta, Valid Blocks CEO.

The collaboration is important for the Elrond ecosystem as it adds more options for our supporters to delegate their eGold in a secure manner while getting direct support and guidance in additional languages.

About Elrond

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 Valid Blocks

The team has been involved with PoS infrastructure since 2018 and has continued to get involved with some of the biggest projects in the space, such as Elrond, Cosmos, and Solana. The non-custodial delegation services offering uses dedicated infrastructure and SecOps procedures for maximum security. They offer customer support in Spanish, Catalan, English, and Romanian.

Author Profile Picture
Lucian Mincu
Co-founder & CIO

Lucian Mincu, co-founder and CIO of MultiversX, is a self-taught tech prodigy, previously engineer at Uhrenwerk 24, Cetto, and Liebl Systems. and co-founder & CTO of MetaChain Capital. His ability to navigate complex challenges and carve out solutions is nothing short of extraordinary, making him a driving force behind the success of MultiversX.

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Author Profile Picture
Lucian Mincu
Co-founder & CIO
Published on
March 19, 2021
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