March 20, 2021
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Road To Decentralization: German Firm aaurelion Joins The Elrond Network As Staking Provider

The Elrond Staking Phase 3 is around the corner. Starting with April 5 the number of validator nodes will increase from 2169 to 3200 and staking providers will be able to offer non-custodial staking services to their customers.

The current eGold amount staked by Validators and Delegators has been hovering around 9.5 million, which means the 8 million eGold base (2.500 eGold x 3200 Validator nodes) will likely have additional eGold staked on top.

This indicates a very healthy demand for staking, which will lead to increased network security, which in turn will lead to increased confidence for deploying valuable products on the Elrond mainnet, in a perpetual virtuous cycle.

This is why we are excited to announce that aaurelion GMBH is joining the Elrond Network as a staking provider, further decentralizing the operations of our mainnet and offering additional options to our delegators community.

“I acquired and applied a lot of my infrastructure expertise when working with the team behind aaurelion to deploy IT services for their German customers. I am happy to work with them again and guide them through applying their knowledge to secure the Elrond Network and broaden our user base in the DACH region.” said Lucian Mincu, Elrond CIO.

aaurelion GmbH is a German staking provider engaged in research and development activities relating to the Elrond blockchain.

Their infrastructure complies with the highest industry and thus security standards and is provided by the established German system house LIEBL SYSTEMS. Certified data centers offer 24/7 availability and a high level of fail-safety.

“I was very excited about working together again with Lucian. Elrond Network is in our opinion the best candidate to become critical infrastructure for the new economy and we want to play our part in securing it and offering quality services for our German and global customer base.” said Alexander Schmidgal, founder and managing director of aaurelion GmbH.

The collaboration is important for the Elrond ecosystem as it brings more diversity and decentralization for our mainnet’s infrastructure while strengthening our reach in the DACH community.

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 aaurelion

Aaurelion is a German company, founded by German entrepreneurs, based in Germany, and a company that is recognized worldwide. In terms of transparency, regulation, and security, we offer clear advantages for crypto investors all over the world. Our infrastructure complies with the highest industry and thus security standards and is provided by the established German system house LIEBL SYSTEMS.

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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 20, 2021
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