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Validator Service to Use API for ETH Staking Process


Validator Service to Use API for ETH Staking Process
Apr 12,2023|Featured
Validator Service to Use API for ETH Staking Process

Ether unstaking, brought about by the Shappella upgrade, a service aimed at validators, is aiming to make staking easier by utilizing Application Programming Interfaces (APIs).

In an announcement, blockchain infrastructure provider InfStones said that it's expecting a heightened market demand for ETH staking as the Shanghai upgrade comes. Capitalizing on the event, the platform said that it is aiming to attract more participants to the Ethereum ecosystem by creating an easier staking experience through its validator service.

InfStones founder Zhenwu Shi said that their Ethereum validator service lets anyone launch validator nodes for staking purposes with just a few clicks. In addition, the platform also allows participants with less than 32 ETH to stake their tokens after the Shanghai upgrade. At the moment, there is a requirement of 32 ETH to participate in staking.

Apart from users, the project is also targeting institutional investors by providing a way to set up around 1,000 validators for ETH staking with its platform.

Meanwhile, pressure from regulators in the United States and the Shapella upgrade are being cited as the reason why Ethereum staking deposits have slightly declined. On April 10, blockchain analytics firm Glassnode highlighted that deposit trends by staking providers have shifted over time. According to analysts, liquid staking platforms may get a boost when ETH gets released from the Beacon Chain following the Shapella update.

Read full article here.

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.