Microsoft Ventures into Nuclear Energy to Power AI Development

To further its efforts in the field of artificial intelligence (AI), software giant Microsoft is venturing into the potentially dangerous world of nuclear power. The IT giant has signalled a strategic effort to establish an energy strategy based on Small Modular Reactors (SMRs) and microreactors by posting a job opening for a Principal Programme Manager in Nuclear Technology. This decision was made public by the posting of the job offering. This initiative’s goal is to provide support for the company’s cloud and artificial intelligence systems, which are growing more energy-intensive.

The duties of the position as well as the required credentials are outlined in the posting for the job, which is no longer accepting applications. It is anticipated that the ideal applicant will have at least six years of experience working in the engineering field, the energy market, or the nuclear business. According to the job description, the primary responsibilities of this post will include “maturing and implementing a global Small Modular Reactor (SMR) and microreactor energy strategy.” Additionally, the function requires investigating a variety of alternative experimental energy methods.

Data centres and artificial intelligence models have a well-deserved reputation for their excessive energy usage. According to the findings of a research that was published in 2019 in the MIT Technology Review, the training of a single AI model might produce as much carbon dioxide as five automobiles over the course of their lifespan. Microsoft plans to address this problem by improving both its software and hardware algorithmic and hardware efficiency, as well as by maximising the use of renewable energy sources such as nuclear power. According to the United States Office of Nuclear Energy, nuclear power is the only kind of energy that does not emit any carbon emissions; hence, it is an attractive choice for Microsoft’s environmental projects.

The change, on the other hand, is not without its difficulties and its detractors. Nuclear energy, according to the findings of researchers at Stanford University, is not a silver bullet for resolving environmental problems because of its protracted planning-to-operation time, enormous carbon footprint, and meltdown hazards. In addition, there are issues over the management of radioactive waste and the establishment of a uranium supply chain, particularly in light of the fact that Russia has been the primary supplier of highly enriched uranium fuel (HALEU) to the rest of the world.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

Image source: Shutterstock


Tagged : / / / / / / / / / /

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

In an effort to enhance transparency and bolster the trust of its customers, FTX Japan has unveiled a blockchain-based technology known as Proof of Solvency (PoS). This initiative was announced by Seth Melamed, the COO of FTX Japan, through a series of tweets on September 28, 2023. The newly introduced Proof of Solvency mechanism enables the company to prove, in an unalterable manner, that the reserves of the exchange surpass the assets held in custody for customers.

Proof of Solvency (PoS) is a method utilized to demonstrate a company’s capability to meet its long-term financial obligations, merging traditional financial audit practices with blockchain transparency. Highlighted by ICONOMI’s blockchain audit conducted by Deloitte on April 5, 2018, PoS comprises two core components: Proof of Liabilities and Proof of Reserves. Through the Merkle Tree approach, individual users can verify their account balances and overall liabilities without disclosing personal information, ensuring data integrity. Proof of Reserves entails disclosing total reserves encompassing digital and fiat assets, verified through blockchain addresses, bank, and exchange account information. Deloitte’s audit, covering 80 digital assets, confirmed ICONOMI’s $210.2M reserves surpassing its $133.6M liabilities, thus establishing its solvency. This PoS framework enhances transparency, security, and trust among stakeholders while maintaining user privacy.

The PoS is a significant stride towards addressing a central issue in the cryptocurrency market and, by extension, traditional financial markets. The technology aims to provide market participants, who have entrusted their assets to exchanges or financial institutions, with increased safety and information transparency. By doing so, it tackles the technical problem of information provision in a secured and transparent manner, which is a matter of concern for many in the industry.

FTX Japan has been ardently adhering to legal regulations by strictly managing the segregation of customer assets. However, with the introduction of PoS, the reliance on subjective verification or claims by the management has been replaced with cryptographic proofs such as Zero-Knowledge Proofs. These proofs and the corresponding results are reflected on the blockchain, thus allowing an objective verification of the asset management status by the customers of FTX Japan.

The PoS service is available to all customers of FTX Japan as well as the Liquid Japan platform. Customers can easily verify their balances with a mere three clicks via the Liquid GUI. Furthermore, details of the PoS are scheduled to be published weekly on the Ethereum blockchain, according to Melamed. This initiative is seen as a vital step towards resumption, and FTX Japan believes it to be a high-quality service for all participants in the cryptocurrency ecosystem.

The launch of the Proof of Solvency by FTX Japan underscores the growing importance of transparency and trust in the evolving digital asset marketplace. By leveraging blockchain technology, FTX Japan has established a robust mechanism to provide clear evidence of its financial solvency to its customers, thereby setting a positive precedent in the industry for security and transparency.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

Image source: Shutterstock


Tagged : / / / / / / / / / /

Ethereum’s Layer 2s Break New Ground in Scalability

Ethereum has marked a commendable 22% upsurge in its value as of September 2023, surpassing many substantial smart contract blockchains, according to Will Ogden Moore‘s article on Grayscale blog. The escalation is significantly credited to the advent of Layer 2 solutions (L2s) which have been instrumental in bolstering Ethereum’s scalability, rendering the network 100 times more cost-effective for its users. The endorsement of this paradigm came with the launch of BASE, a Layer 2 blockchain on Ethereum by Coinbase in August 2023. This development not only accentuates the growing credence in the Ethereum ecosystem but also extends the dissemination of decentralized applications to over 100 million Coinbase users. Concurrently, leading Layer 2 blockchains on Ethereum, namely Optimism and Arbitrum, have overstepped large Layer 1 blockchains like Solana in Total Value Locked (TVL), inching Ethereum closer to becoming the predominant Layer 1 blockchain if this trajectory persists.

The essence of Layer 2s emanates from the burgeoning need to augment Ethereum’s scalability. The analogy of a congested highway necessitating express lanes mirrors Ethereum’s scenario that propelled the genesis of Layer 2s. As transaction volumes swell, the network grapples with the scarcity of block space and surging gas fees, which peaked at an average of $196 per transaction by May 2022. This surge not only impinged on the user experience due to high costs and time inefficiency but also positioned Ethereum (~14 transactions per second) far behind competitors like Solana, capable of handling up to eight thousand transactions per second.

Layer 2 solutions ameliorate Ethereum’s inherent issues by processing transactions from decentralized applications, batching them, and transmitting a condensed version back to the main network for settlement. This mechanism drastically trims fees, up to 100x less than on the main chain, enhancing the usability and transaction capacity of the Ethereum ecosystem while buttressing its network security. Additionally, the incremental activity on Layer 2s reciprocates value to Ethereum with every transaction fee shared between the L2 and Ethereum network, alongside a minuscule burn of the total ETH supply, enriching the ETH value.

August witnessed a pivotal development with Coinbase launching its Layer 2 scaling solution, BASE, on Ethereum, extending the reach of dApps built on BASE Layer 2 to over 110 million users in the Coinbase ecosystem. BASE’s launch has already shown a notable upturn, surpassing Ethereum and other Layer 2 competitors in daily transactions within a month, and further propelled by the viral growth of decentralized application While presently centralized, BASE has expressed a progressive decentralization roadmap, aligning with the broader vision of Ethereum’s Layer 2 scalability agenda.

The previous months have seen a consistent rise in the usage of Layer 2 scaling solutions, with the aggregate daily active addresses on Layer 2 outpacing leading Layer 1s. The TVL metric also reflects a burgeoning trust in Layer 2s like Arbitrum and Optimism, which have surpassed Ethereum’s Layer 1 competitors Solana and Avalanche. The launch of the ARB token in March 2023 further entrenched Arbitrum as a leading Layer 2, boasting a TVL of $1.69 billion, only behind Tron and Ethereum.

While Layer 2s are pioneering in scaling Ethereum, they are at nascent stages of decentralization, posing certain risks. The predominant model involves a single entity running a “sequencer” for processing and batching transactions on Layer 2s, which could potentially lead to adverse outcomes such as outage risks. However, the progressive decentralization plans shared by most Layer 2s aim to mitigate such risks over time.

Despite the general consensus of a crypto market downturn since 2022, Ethereum’s ecosystem is burgeoning, courtesy of the Layer 2 solutions. The Layer 2 paradigm not only validates Ethereum’s model but also propels value to ETH, attracting more users and developers. With BASE, Coinbase is potentially paving the path towards mainstream adoption of Ethereum-based decentralized applications. The collective advancements in Layer 2s, despite the inherent centralization risks, are deemed to foster competition and innovation, positioning Ethereum to further cement its dominance in the smart contract blockchain realm.

Image source: Shutterstock


Tagged : / / / / / / / / / /

Friend.Tech Boosts Security with CoolWallet on Base Chain, a decentralized social media platform operating on Base’s Ethereum layer-2 chain, has been a significant contributor to Base’s recent growth. Base is a secure, low-cost, builder-friendly Ethereum layer-2 chain designed by Coinbase to bring the next billion users on chain. It has become a favorite for DApp developers and early investors due to its outstanding performance and the innovative projects it attracts.

According to the latest data, the platform has surpassed one million daily active users and has a total value locked (TVL) exceeding $35 million. The platform allows users to buy “shares” of other users to chat with them, emphasizing the concept that “Your network is your net worth.”

However, this rapid growth has also attracted cybersecurity threats, notably phishing attacks. These social engineering tactics have been a significant concern in the Web3 sector, with losses already amounting to $650 million as of June 2023. High-profile individuals like Mark Cuban and Vitalik Buterin have also fallen victim to such attacks. To mitigate these risks, strongly recommends its users to employ hardware wallets for enhanced asset security.

In response to these security challenges, CoolWallet, a hardware wallet maker that natively supports the Base ecosystem, has initiated a Web3 Guardian competition. This campaign aims to raise awareness about its Web3 SmartScan feature, which proactively screens all Web3 transactions and flags any malicious behavior or smart contract vulnerabilities. The SmartScan feature is available on the CoolWallet App and offers an added layer of protection against phishing attempts.

To further promote Web3 asset protection, CoolWallet is launching a global competition with generous rewards for participating users. The competition aims to enhance user security awareness and encourage the use of SmartScan for safer transactions. This move is particularly timely, given the increasing number of phishing attacks targeting not just individual users but also high-profile personalities in the crypto space.

The Web3 Guardian competition is expected to draw significant attention, especially among users who are already concerned about asset security. The competition will not only offer rewards but also educate users on the importance of transaction screening, a feature that is often overlooked but crucial in the current landscape of frequent cyber attacks.

Image source: Shutterstock


Tagged : / / / / / / / / / /

NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot

The National Bank of Georgia (NBG) is propelling forward with its Central Bank Digital Currency (CBDC) venture, dubbed the Digital GEL Pilot Project. The bank is now in the phase of scouting for a singular technology ally to facilitate the Limited Access Live Pilot Environment. This environment aims to scrutinize the technological prowess and possible applicative spheres of the CBDC system through an array of use cases.

Post an extensive research tenure and meticulous deliberation, NBG has culled a list of nine enterprises deemed fit for this exploratory journey. These firms have showcased ample technological potential, maturity, capacity, pertinent experience, and enthusiasm for on-field examination. The notable list comprises Augentic GmbH, Bitt Inc., Broxus Holdings Ltd., Currency Network Ltd., DCM Corp Limited, eCurrency Mint Inc., FARI Solutions Ltd., Ripple Labs, Inc., and Sovereign Wallet Co., Ltd. At the current juncture, NBG maintains a technology-neutral stance, weighing the varied technological solutions these shortlisted companies can contribute to the Digital GEL project.

A Central Bank Digital Currency (CBDC) is essentially a digital form of a country’s existing currency, which is issued by the country’s central bank. Unlike decentralized cryptocurrencies like Bitcoin, a CBDC is centralized and enjoys the same legal status as physical banknotes and coins. It’s an endeavor to modernize the financial infrastructure and respond to the digital economy’s exigencies.

Among the shortlisted entities, Ripple Labs, Inc. holds a unique position with its Ripple CBDC solution. This solution aims to provide a neutral bridge between different currencies, allowing for frictionless value transfer, which can be particularly beneficial in the realm of cross-border transactions. The Ripple CBDC platform could potentially offer a robust foundation for the Digital GEL project, aligning with the objectives of fostering a seamless and inclusive financial ecosystem.

Upon concluding the selection phase, NBG aspires to earmark a single technology partner to transition into the pilot phase. This phase will test the CBDC platform in a restricted-duration live setting, evaluating the pragmatic use cases therein. The anticipation surrounding this pivotal pilot project is palpable, signifying a significant stride towards modernizing Georgia’s monetary landscape and embracing the digital currency epoch.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

Image source: Shutterstock


Tagged : / / / / / / / / / /

VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild

VanEck, a notable investment management firm, has committed to donating 10% of the profits from its Ethereum Strategy ETF (EFUT) to Protocol Guild for a minimum duration of ten years. This declaration came ahead of the anticipated launch of the ETF, symbolized as EFUT, which is expected to play a significant part in fostering mainstream Ethereum adoption. The announcement was made on September 30, 2023, through a series of tweets from VanEck’s official Twitter account.

Protocol Guild is a community-centric funding mechanism dedicated to supporting individuals instrumental in maintaining and advancing the core protocol of the Ethereum blockchain. By providing financial backing, Protocol Guild contributes to the continuous development and stability of the Ethereum network, which is pivotal for various decentralized applications (dApps) and smart contract operations.

The pledged funds are aimed at supporting Protocol Guild, a community-driven funding platform that provides financial backing to approximately 150 individuals crucial to the maintenance and development of Ethereum’s core protocol. This initiative is in recognition of the extensive contributions made by Ethereum developers towards the evolution of the blockchain, including the recent major network upgrades known as the Merge and Shanghai.

Among the key entities benefiting from Protocol Guild’s support are the individuals and communities involved in the development of EIP-4844, dubbed “Proto-Danksharding.” This protocol upgrade is geared towards reducing costs for Layer 2 solutions, thereby enhancing Ethereum’s accessibility. Notable crypto entities like Lido Finance, Uniswap, Arbitrum, Optimism Foundation, ENS Domains, MolochDAO, and NounsDAO, have previously contributed to Protocol Guild, reflecting a broader communal effort to support Ethereum’s ongoing development.

In its announcement, VanEck also beckoned other asset managers and ETF issuers to consider similar gestures of giving back to the Ethereum community, especially if they stand to gain from the protocol’s advancements. The company has organized a community discussion scheduled for October 4, 2023, to delve further into this initiative and its broader implications on the Ethereum ecosystem.

VanEck has already initiated marketing campaigns for the EFUT, hinting at a possible launch on October 2, 2023. The ETF will be listed on the Chicago Board Options Exchange and will be overseen by Greg Krenzer, VanEck’s head of active trading. The marketing efforts included TV ads aired on September 28, 2023, under the tagline “Enter the Ether,” amplifying the anticipation for the ETF’s launch.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

Image source: Shutterstock


Tagged : / / / / / /

Coinbase Secures Major Payment Institution License from Singapore’s Monetary Authority

Coinbase Singapore announced on October 1, 2023, that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license follows the company’s initial “In Principle Approval” and signifies Coinbase’s commitment to the Singaporean market. The license allows Coinbase to expand its digital payment token services to both individuals and institutions in the country.

Coinbase is not the first company to secure an MPI license from MAS. In early June, Circle announced its receipt of an MPI license, followed by, which made its announcement on August 7 after receiving the license on August 1. also joined the ranks on June 1. These companies are authorized to provide digital payment token services to institutional and accredited investors in Singapore, highlighting the competitive and regulated landscape of the crypto market in the city-state.

Singapore has emerged as a significant player in the crypto and Web3 space. According to surveys, 25% of Singaporeans view cryptocurrency as the future of finance, and 32% are either current or past crypto owners. The city-state is also home to over 700 Web3 companies, making it a crucial market for the growth of the crypto and Web3 economy.

Coinbase has been proactive in tailoring its offerings to the Singaporean market. Earlier this year, the company introduced convenient funding options like PayNow and FAST bank transfers. It also integrated SingPass, Singapore’s trusted digital identity system, to streamline the onboarding process. Additionally, Coinbase introduced no-fee purchases of USDC with Singapore Dollars (SGD).

Coinbase has also been active in forming partnerships and making investments in the region. The company has collaborated with local developer communities and key partners like, Blockdaemon, and Infura. Over 15 of Coinbase’s investments through Coinbase Ventures are rooted in Singapore. The company has also been involved in training and hiring initiatives at its Singapore tech hub.

The Monetary Authority of Singapore is a significant regulatory partner for Coinbase. The newly acquired license is not just an approval but represents a shared commitment between Coinbase and MAS to support and grow the local crypto and Web3 community.

Coinbase’s acquisition of the MPI license from MAS is a significant development that underscores the company’s strategic focus on Singapore as a vital market. It also reflects the broader trend of international markets crafting innovative policies to emerge as crypto hubs. With this license, Coinbase not only validates its operations but also takes on a promise and responsibility to the growing crypto and Web3 community in Singapore. The license places Coinbase in a competitive but regulated landscape, alongside other key players like Circle,, and, further emphasizing the importance of regulatory compliance in the rapidly evolving crypto market.

Image source: Shutterstock


Tagged : / / / / / / / / /

Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked

Top-performing Ethereum Layer 2 solutions like Arbitrum, Optimism, and BASE have outpaced prominent Ethereum competitor Layer 1 blockchains such as Solana and Avalanche in terms of total value locked (TVL) as of September 25, 2023, according to Grayscale. This shift is pivotal as it demonstrates the growing significance of Layer 2 solutions in enhancing the scalability and transactional capacity of the Ethereum network.

Layer 1 refers to the base protocol layer of a blockchain network. It encompasses the fundamental rules governing the network, including consensus algorithms, transaction validation processes, and the creation of new blocks. Layer 1 solutions are integral to the operation of a blockchain and include established networks like Bitcoin, Ethereum, Solana, and Avalanche. However, as blockchain networks grow in popularity, scalability issues arise, often leading to slower transaction speeds and higher fees.

Layer 2 solutions are secondary protocols built atop Layer 1 blockchains, aiming to alleviate scalability issues by offloading transaction processing from the main chain. These solutions retain the security guarantees of the underlying Layer 1 blockchain while providing faster transactions and lower fees. Examples of Layer 2 solutions include Arbitrum, Optimism, and BASE, which operate on top of the Ethereum blockchain.

Layer 2 blockchains operate by processing transactions from decentralized applications (dApps) and subsequently “batching” them together. This batch of transactions is then sent back to the main network in a compressed form for final settlement. This mechanism serves as an auxiliary route or even a dedicated bus lane augmenting a major highway, thus optimizing the transaction process.

By functioning as outlined, Layer 2s enhance the overall usability and transaction potential of the Ethereum ecosystem while still leveraging the network’s fundamental security. As the Ethereum network scales further, a significant amount of activity can transition to the more cost-effective Layer 2 solutions. This transition, in turn, directs value back to Ethereum, further bolstering its position in the blockchain sphere.

Among the 31 active Ethereum Layer 2 projects listed by L2Beat, five projects namely Optimism, Arbitrum, BASE, Starknet, and zkSync are recognized for their standout performance in fundamental metrics. A chart released by Grayscale on September 27, 2023, sheds light on these top Layer 2s by TVL. It’s noteworthy that while Arbitrum and Optimism have launched a token, BASE, Starknet, and zkSync have yet to do so. The market caps column within the chart signifies the market cap for each respective token.

A recent report by Will Hamilogden delves deeper into the landscape of Layer 2s within the Ethereum ecosystem, providing a more extensive understanding of this burgeoning sector. The report is available on Grayscale’s website for individuals seeking a more comprehensive exploration of Layer 2s and their role in scaling Ethereum.


Source: L2BEAT 

The data from L2BEAT reveals that as of October 2, 2023, the sum of all funds locked on Ethereum converted to USD stands at $10.78 billion, marking a 4.64% growth over the past seven days. The TVL across various projects underscores the growing traction of Layer 2 solutions. For instance, Arbitrum One leads with a TVL of $6.03 billion, followed by OP Mainnet with $2.70 billion, and zkSync Era with $459 million.

The ascent of Layer 2s such as Arbitrum, Optimism, and BASE in terms of TVL is a testament to their value proposition in augmenting the Ethereum ecosystem. By surpassing notable Layer 1s like Solana and Avalanche, these Layer 2s have showcased their potential in fostering a more scalable and cost-effective environment for dApps, thereby contributing significantly to the advancement of the blockchain technology landscape.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

Image source: Shutterstock


Tagged : / / / / / / / / / / /

Paradigm Challenges SEC’s Authority in Lawsuit Against Binance

On September 29, 2023, Paradigm filed an amicus brief in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Binance, a leading cryptocurrency exchange. Paradigm is not an investor in Binance and has no direct financial interest in the lawsuit’s outcome. However, the firm believes that the SEC’s actions represent a form of government overreach that could have significant implications for the broader financial and crypto markets.

The SEC initiated legal action against Binance in June 2023, accusing the exchange of multiple violations of securities laws. These include operating without the necessary licenses and registrations as an exchange, broker-dealer, or clearing agency. The SEC’s investigation into Binance began in May 2023. In its amicus brief, Paradigm argues that the SEC is attempting to change existing laws without adhering to the established rulemaking process, thereby acting outside its regulatory scope.

Paradigm’s brief raises several critical points that challenge the SEC’s interpretation of securities law. The firm argues that the SEC’s expansive interpretation of “investment contract” could bring a wide range of asset sales under the purview of securities laws. Paradigm also highlights flaws in the SEC’s application of the Howey test, a legal standard used to determine what constitutes a security.

Circle, a stablecoin services company specializing in blockchain technology, has also been brought into the legal battle between Binance and the SEC as well. Circle argues that stablecoins, a type of cryptocurrency designed to maintain a stable value, should not be treated as securities, adding another dimension to the ongoing case.

Paradigm emphasizes that regulatory gaps do exist in the crypto sector and that it is Congress’s responsibility to fill these gaps. This perspective aligns with SEC Chair Gary Gensler’s Congressional testimony, where he acknowledged the SEC’s limitations in regulating crypto secondary markets.

Paradigm’s amicus brief serves as a significant counterpoint to the SEC’s actions against Binance and other crypto exchanges. By challenging the SEC’s authority and interpretation of securities law, Paradigm adds a layer of complexity to an already intricate legal landscape. The firm’s stance could potentially influence how securities laws are applied to the crypto industry in the future.

Image source: Shutterstock


Tagged : / / / / / / / /

Google Cloud Becomes Validator on Polygon’s PoS Network

On September 29, 2023, Google Cloud made a significant move by joining Polygon’s Proof of Stake (PoS) network as a validator. The development was confirmed by both Polygon Labs and Google Cloud Singapore through their respective Twitter accounts. Google Cloud will utilize the same infrastructure that powers its flagship services, such as YouTube and Gmail, to contribute to the security and governance of Polygon’s network.

Google Cloud’s entry into Polygon’s PoS network is a milestone for multiple reasons. First, it adds a layer of institutional credibility to the network, which already boasts over 100 validators. Google Cloud is renowned for its high-quality, secure, and reliable services, making it a valuable addition to the validator set. This is particularly important for enhancing the security protocols for Heimdall, Bor, and Polygon PoS users.

In the Polygon PoS network, validators are entities that produce new blocks and confirm transactions. They play a crucial role in maintaining the network’s integrity and security. Validators are chosen based on the amount of MATIC tokens they have staked as collateral. The more MATIC staked, the higher the chances of being chosen to validate transactions and create new blocks.

Polygon’s PoS network has a diverse range of validators, each contributing to the network’s collective security and governance. According to the latest data from Polygon’s staking technology website, Staked leads with 47,714,780.75 MATIC staked. Infosys follows with 20,927,642.45 MATIC. Other notable validators include Ethermon Validator with 21,413,514.21 MATIC and Worldpay from FIS with 14,524,984.72 MATIC staked. Google Cloud’s stake is comparatively modest but significant, with 25,391.67 MATIC staked at a commission rate of 100%.

Polygon Labs has provided a dashboard accessible at Polygon’s staking technology website. This dashboard allows anyone to monitor the performance and checkpoint signatures of all validators, offering a transparent view into the network’s operations.

Image source: Shutterstock


Tagged : / / / / / / / /
Bitcoin (BTC) $ 38,802.40 2.31%
Ethereum (ETH) $ 2,095.86 0.60%
Litecoin (LTC) $ 71.81 2.76%
Bitcoin Cash (BCH) $ 225.69 1.48%