[ANN] Blox Staking - Ethereum 2.0 Fully Non-Custodial Staking

[oliverlott]

Does it turn out that the funds of the users are liquid? 

Yes, but it’s true only for those who can stake so far. Other users will access transferring and selling tokens at later stages. Exact timeframes are not known so far.   

[willsey89]

Does it turn out that the funds of the users are liquid? 

Yes, but it’s true only for those who can stake so far. Other users will access transferring and selling tokens at later stages. Exact timeframes are not known so far.   

How do block producers work?   

[oliverlott]

Does it turn out that the funds of the users are liquid? 

Yes, but it’s true only for those who can stake so far. Other users will access transferring and selling tokens at later stages. Exact timeframes are not known so far.   

How do block producers work?   

These are the subjects responsible for network protection and performing the duties of the pool assigned by a pool chain, they also have a right to manage infrastructure (client-validator) to perform the duties of the pool on the behalf of one of its participants.   

[ferdinand50]

What’s the problem with using similar platforms that can store the info on their own servers? I’m talking about the keys, stakes and so on.   

[Odalv]

What’s the problem with using similar platforms that can store the info on their own servers? I’m talking about the keys, stakes and so on.   

There’re several types of platforms. Some of them store the validator keys of the users, but not the withdrawal keys. Thus, they can’t manage the users’ funds. This helps to ensure safety, but leads to high fees for reduced reward.   

[ferdinand50]

What’s the problem with using similar platforms that can store the info on their own servers? I’m talking about the keys, stakes and so on.   

There’re several types of platforms. Some of them store the validator keys of the users, but not the withdrawal keys. Thus, they can’t manage the users’ funds. This helps to ensure safety, but leads to high fees for reduced reward.   

But it’ll be harder to access the funds if the platform doesn’t have full control over validators and keys, right?   

[Odalv]

What’s the problem with using similar platforms that can store the info on their own servers? I’m talking about the keys, stakes and so on.   

There’re several types of platforms. Some of them store the validator keys of the users, but not the withdrawal keys. Thus, they can’t manage the users’ funds. This helps to ensure safety, but leads to high fees for reduced reward.   

But it’ll be harder to access the funds if the platform doesn’t have full control over validators and keys, right?   

The platforms that store validator and withdrawal keys violate security meaning that there is the third party in the system. This leads to fees. The fees increase exponentially – the more validators participate, the higher the fee is. Yes, it’s harder to access this system, but the scammers manage to damage it anyway by reducing the profitability and etc.   

[ferdinand50]

The platforms that store validator and withdrawal keys violate security meaning that there is the third party in the system. This leads to fees. The fees increase exponentially – the more validators participate, the higher the fee is. Yes, it’s harder to access this system, but the scammers manage to damage it anyway by reducing the profitability and etc.   

What makes Blox different from platforms like that?   

[Odalv]

The platforms that store validator and withdrawal keys violate security meaning that there is the third party in the system. This leads to fees. The fees increase exponentially – the more validators participate, the higher the fee is. Yes, it’s harder to access this system, but the scammers manage to damage it anyway by reducing the profitability and etc.   

What makes Blox different from platforms like that?   

Blox doesn’t store validator and withdrawal keys. It allows to optimize setting up a validator and managing it in Eth2 system. It allows to maximize the profit and minimize the risks. But the main advantage is that the users fully control their assets.   

[ferdinand50]

The platforms that store validator and withdrawal keys violate security meaning that there is the third party in the system. This leads to fees. The fees increase exponentially – the more validators participate, the higher the fee is. Yes, it’s harder to access this system, but the scammers manage to damage it anyway by reducing the profitability and etc.   

What makes Blox different from platforms like that?   

Blox doesn’t store validator and withdrawal keys. It allows to optimize setting up a validator and managing it in Eth2 system. It allows to maximize the profit and minimize the risks. But the main advantage is that the users fully control their assets.   

How can scammers benefit from the platform vulnerabilities and why can’t they do the same in case of Blox?

[Odalv]

How can scammers benefit from the platform vulnerabilities and why can’t they do the same in case of Blox?

There’re several options. They can block the keys, extort money for them, steal the reward and etc. Some of them can even ruin the entire system. Blox uses decentralization which makes hacking impossible.

[ferdinand50]

How can scammers benefit from the platform vulnerabilities and why can’t they do the same in case of Blox?

There’re several options. They can block the keys, extort money for them, steal the reward and etc. Some of them can even ruin the entire system. Blox uses decentralization which makes hacking impossible.

Does it turn out that it’s more beneficial to use Blox not only to maximize the profitability, but also to improve safety? 

[Odalv]

How can scammers benefit from the platform vulnerabilities and why can’t they do the same in case of Blox?

There’re several options. They can block the keys, extort money for them, steal the reward and etc. Some of them can even ruin the entire system. Blox uses decentralization which makes hacking impossible.

Does it turn out that it’s more beneficial to use Blox not only to maximize the profitability, but also to improve safety? 

Yes, if you follow the platform’s recommendations and don’t violate the rules, your income will grow. Also, it’s safer than its analogues from many points of view.