Our mission is to provide leading blockchain infrastructure for Proof of Stake (PoS) networks and to build a thriving web3 ecosystem.

Proof-of-Stake consensus based blockchains have validators instead of miners. 

Validators are servers (nodes) running blockchain software responsible for proposing, verifying transactions, and adding new blocks to the blockchain. It is technically challenging to run, manage and maintain validator nodes. That's where we come in to provide hassle-free staking services.

Luganodes

We're excited to announce that Luganodes is hiring! 

We're looking for talented and passionate individuals for the following roles:

- Senior Designer
- Marketing Manager
- Product Manager
- Tech Lead -  Site Reliability Engineer
- Tech Lead - Software Engineering
- Site Reliability Engineer

If you're interested in blockchain and decentralized technology and want to help shape the future of the industry, we want to hear from you! 

Please reach out to us at Hiring@luganodes.com to learn more about the roles and to apply. 

#Hiring #Blockchain #jobsearch #layoff #coinbase #tech #engineering #crypto #opentowork

Staking offers several benefits compared to the proof-of-work (PoW) consensus algorithm, which requires miners to compete to solve complex mathematical problems in order to validate transactions 👨💻️

let's talk about some of these benefits 👇

Energy efficiency :
Staking is typically more energy efficient than PoW, as it does not require miners to use large amounts of energy to solve mathematical puzzles. This can make staking a more environmentally friendly way of reaching a consensus on a blockchain

Increased security;
Staking often requires users to provide collateral, such as a certain amount of the native tokens, in order to participate.
This incentivizes users to act in the best interests of the network, as they risk losing their collateral if they act maliciously

Greater decentralization:
Staking allows for the participation of a larger number of validators, which can increase the decentralization of the network and make it more resistant to attacks or manipulation

Enhanced participation:
Staking can also make it easier for users to participate in the consensus process, as they can delegate their stake to a validator of their choice. This can help increase overall participation in the network and strengthen it

Overall, the future of staking looks bright, with many blockchain projects already implementing staking mechanism or considering doing so in the future 📈

Luganodes 🏔 - Swiss-based world's fastest-growing staking service provider 🚀
#staking #stakingrewards #blockchain #cryptocurrency #crypto

Distributed Validator Technology, or #DVT, is a game-changer for decentralizing Ethereum staking 🙌
Let's find out why DVT is the next big thing on the $ETH roadmap👇

The Ethereum network switched from a Proof of Work (PoW) consensus model to a Proof of Stake (PoS), making it a less energy-intensive blockchain.
Despite the apparent benefits of the Merge, the PoS model still finds itself in a vulnerable stance : https://lnkd.in/ex3_dFYx

Issues with traditional, single validator client setups
🛑 Centralization
🛑 Single points of failure
🛑 Private key custody
🛑 Forking penalties
Fortunately, most of the issues related to this risk can be solved using the Distributed Validator technology 

Distributed Validator Technology (DVT) is a threshold cryptography-based decentralised open-source protocol that distributes validator duties among numerous nodes. 

DVT is a Combination of:
🔑 Distributed key generation
👨💻️ Multi-party computation
🕵 Shamir's secret sharing
🔒 Byzantine fault-tolerant algorithms

DVT permit validator duties to be split across several nodes without violating the rules
✅ Multiple Eth client instances for the same validator
✅ Each node only has custody of a part of the validator key
✅ Nodes sign messages only if there is consensus among these nodes

Validator Architecture:
Beacon Node (BN)
- P2P networking, chain tracking, fork choice & chain management
- Directly exposed to the Ethereum network

Validator Client (VC)
- Handling validator keys, signing attestations & blocks
- Only connected to the user's BN for getting unsigned
attestations & blocks

Some use cases:
✅ Infrastructure Providers — Enabling Active-active Redundancy Configurations
✅ Decentralized Staking Pools — Preventing Single Operator Failures
✅ At-Home Validators — Improving Infrastructure Resiliency

This said, DVT also has a few tradeoffs:
🔻 Increased Complexity
🔻 Latency
🔻 Operational Costs

To know more about DVTs and to learn how to setup an (Obol V1) DV cluster,
Check out this report by Obol Labs Inc. : https://lnkd.in/gtQg5Jjq

#staking #cryptocurrency #blockchain #stakingrewards #ethereum #bitcoin

What is Liquidity and what is its Importance?

Liquidity is the ease with which an asset may be exchanged for another one without affecting its price.
Simply put, liquidity denotes the ease and speed with which an item may be bought or sold 🔁


Liquidity in an asset makes it hard to manipulate prices:

Controlling the price action in a market for a deep liquid digital asset, such as $BTC or $ETH, becomes difficult for a single participant or group of participants.

Liquidity in cryptocurrency offers stability in prices and less volatility:

A liquid market is considered to be more stable & less volatile because a healthy market with substantial trading activity may bring purchase & sell market forces into balance.

#staking #blockchain #cryptocurrency #web3

The current state of #DeFi in the Cosmos ecosystem is underutilized and inefficient, users have to decide between #staking or participating in DeFi, inturn exposing themselves to greater risks 🚨

But Stride is changing all that 🙌

Built using #Cosmos SDK and Tendermint, Stride is a state-of-the-art, multichain liquid staking experience that allows users to liquid-stake their assets on any #Cosmos chain 🔗

The Stride protocol works by exchanging native assets (such as $ATOM) for derivative assets (such as stATOM)
Staking derivatives like stATOM are digital voucher for underlying ATOM, which can be traded and used in DeFi 

Check out our recent blog to know more about the Stride ecosystem 👀👇
https://lnkd.in/gGiniAhp
#Blockchain #StakingRewards #Crypto

Luganodes has voted yes for the TRON DAO proposal No.79 ✅

The content of #79 voting request:
🟢 Adjust the unit price of energy from 280 sun to 420 sun 
🟢 Adjust the upper limit of the fee limit parameter from 10,000 $TRX to 15,000 $TRX

The increased unit price of energy will further:
✔️ Increase staking rate 
✔️ Increase the total staking amount of the whole network
✔️ Reduce $TRX circulation
✔️ Promote $TRX value

As a super representative on the #tron network, it is our responsibility to ensure the security and efficiency of the network 🔐

To know more about prop #79 👇
https://lnkd.in/gA_-ZrxB

High scalability and low transaction fees surely makes NEAR Protocol one of the most exciting projects out there, on-chain data shows there are 470,628,967 $NEAR tokens staked across 133 validators 🔐

Stake your $NEAR tokens with Luganodes to start earning rewards and avail our highly robust and secure #staking services 💰 

To make the #staking process smooth & simple, we've prepared a step-by-step guide for our community 👇

https://lnkd.in/gmQthgbN
#web3 #cryptocurrency #blockchain

You must’ve heard about two different Types of Crypto Staking Rewards :

APR and APY
Let’s understand what these terms mean 👇

APR or Annual Percentage Rate:
It is the raw interest rate over a year or what percentage return you would expect to make on your investment.

APY or Annual Percentage Yield:
APY is much like APR, except it takes into account the effects of compounding,
Simply put, compounding is what happens when you earn interest on the previous interest.

Rewards Payout Rate:
Each cryptocurrency stake will have a different rewards payout rate, or how frequently you receive and have access to your interest.
Higher the frequency, the more rewards you earn.

APR is a simpler metric, showing the constant yearly rate, and doesn’t change with the rewards payout rate, whereas APY changes with the rewards payout rate. The higher the rewards payout rate, more the APY

Here's an example to understand this further,

Let’s suppose, you stake 100 TRON with a reward rate of 15%,
In that case, your APR will also be 15%, and will get 15 Tron as a reward after a year,

Whereas, if the rewards payout rate is monthly, then the effective APY will become 16.075%, meaning you will get 16.075 Tron as a reward after an year.

For more such value-add content, follow Luganodes
#staking #rewards #stakingrewards #cryptocurrency #blockchain #web3

Staking is one of the best ways to put your assets simply resting in your wallets to work for you & generate passive income💰

This said, do your due diligence before choosing a #staking provider 🔐

Drop a “👋” & we can definitely help you with that 🙌

#staking #crypto #blockchain #web3 #polygon #ethereum 

https://lnkd.in/gNZvSvJM

This Thanksgiving give your friends & family one more reason to be thankful 🤗

Educate them about the importance of Non-Custodial wallets and #Staking

🎁 Your keys your assets
🎁 Stake your #crypto & earn passively

#happythanksgiving2022

Provider of staking services for blockchain networks

Staked

Specializes in providing infrastructure and security for blockchain networks

Figment Networks

Offers a distributed computing platform that leverages idle resources in data centers and edge devices

Ankr

Luganodes is a AAA rated institutional-grade staking service provider and a top leader in staking volume. It offers efficient staking services for enterprises and individuals, allowing them to participate in validating blockchain transactions and earning staking rewards. The company provides secure, always-on staking infrastructure and is known for its high uptime and infrastructure partnerships.

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