COPENHAGEN, Denmark, Jan. 3, 2022 /PRNewswire/ — We’re proud to announce our staking answer on Concordium’s blockchain to offer safe and dependable staking providers to Concordium traders. Concordium traders can join a hassle-free answer and earn an annual proportion yield between 9-12% on their funding.
Staking is a strategy to put your crypto to work and earn rewards. Staking is the method of actively taking part in transaction validation on a proof-of-stake (PoS) blockchain such because the Concordium blockchain. Anybody with a minimum-required stability of a particular cryptocurrency can validate transactions and earn staking rewards.
Northstake is a Nordic staking supplier, and has registered its exercise with the Danish FSA. Northstake operates devoted validator node infrastructure that enables traders to earn rewards by community participation, with out having to run their very own infrastructure 24/7.
Along with working a node infrastructure on Concordium, Northstake actively participates within the ecosystem improvement and collaborates with Concordium on use case improvement and enterprise blockchain adoption.
“We’re excited that Northstake is introduced as a Layer 2 staking answer to run Concordium finalizer and baking node infrastructure and staking swimming pools. As a trusted and dependable ecosystem companion to Concordium, we’ll proceed contributing insights and help to the Concordium improvement staff and its ecosystem collaborators,” mentioned Jesper Johansen, CEO of Northstake.
“We’re joyful to see Northstake as a neighborhood participant with its new staking answer. Staking performs an essential function within the ecosystem and helps the safety and decentralisation of the blockchain, along with offering the homeowners of Concordium’s crypto forex, the CCD, with a possibility to earn rewards,” mentioned Beni Issembert, CMO of Concordium.
Northstake is prepared and at present onboarding shoppers on the staking providers, which incorporates staking-as-a-service on devoted validator node infrastructure and delegation to our Northstake staking pool.
Concordium is a Public and Proof-of-Stake blockchain with a singular ID layer on the protocol. Concordium differs by providing quick and actual finality with low transaction charges, steady in FIAT, expressed in CCD, its native token.
By introducing built-in id administration on the protocol stage and zero-knowledge proofs, Concordium eases compliance by changing anonymity with excellent identifiable privateness.
About Northstake A/S
Northstake A/S is the Nordic main staking companion for proof-of-stake blockchains and was based as a L2 staking answer on the Concordium blockchain. Northstake now has greater than 200M CCD pledged below administration and has constructed an trade main staking answer to serve Concordium traders. Northstake was based by ex-Deloitte and ex-Accenture technologists and blockchain leaders and the staff encompasses main staking and blockchain specialists, cryptographer, and cloud engineering and infrastructure builders. Northstake A/S is predicated in Copenhagen, Denmark with greater than 25 individuals employed.
Northstake operates a safe, dependable and audit and inspection prepared validator node infrastructure on next-generation decentralised proof-of-stake networks and has registered its actions with the Danish FSA.
DISCLAIMER: Northstake doesn’t present monetary, authorized or tax recommendation. Staking crypto belongings might contain a excessive diploma of volatility and danger with the potential for loss, together with however not restricted to, slashing, penalties, jailing on some networks. Purchasers should train warning and do correct due diligence earlier than selecting a staking companion. This will likely embody assessing governing regulation and phrases and situations.
Concordium PR supervisor
SOURCE Northstake A/S