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Binance Selects InfStones as Its Blockchain Infrastructure Provider for Ethereum 2.0 Staking


Binance Selects InfStones as Its Blockchain Infrastructure Provider for Ethereum 2.0 Staking
Feb 26,2021|Newsletter

1 Binance Selects InfStones as Its Blockchain Infrastructure Provider for Ethereum 2.0 Staking

InfStones, the world’s largest blockchain infrastructure provider for digital tokens and cryptos, has partnered with Binance, the biggest and most robust crypto exchange by trading volume and one of the fastest in the world, to provide core support and service for Ethereum 2.0 staking.

As part of the collaboration, InfStones will provide validation node services for Binance, and also support the infrastructure underlying the exchange’s Ethereum 2.0 offerings, the next evolution of one of the largest and most widely used blockchain networks in the world.

InfStones is dedicated to bringing down the traditional barriers to connecting with the blockchain, allowing clients to quickly build their applications on top of hundreds of blockchain networks. The partnership with Binance takes us and the broader blockchain community a step closer to accomplishing that result.

2 Oasis Network Partners with InfStones, Expands Its DeFi Ecosystem

Oasis Network, a privacy-enabled blockchain platform for open finance, and a responsible data economy, has established a partnership with InfStones to set up validator nodes on their network.

Oasis Network has been expanding its DeFi ecosystem, kickstarting over a dozen DeFi integrations, leading notable projects such as Meter, Chainlink, Balancer and more. InfStones will work together with Oasis to help maintain the security, stability and decentralization of the Oasis network and promote its ecosystem development. Delegators can stake with InfStones to obtain stable returns as Oasis provides more potential in the area of privacy protection.

3 Matic Network Rebrands as Polygon with Network Support from InfStones

Decentralized apps are now making huge progress but the current blockchain ecosystem is not prepared to scale to meet that growing demand. Matic Network, using an adapted version of the Plasma framework, has built a decentralized platform that provides a solution for faster and extremely low-cost transactions with finality on the main chain.

On Feb 10, Matic Network officially rebranded as Polygon, as it continues working on providing further Ethereum layer 2 scaling solutions.

InfStones has launched validators on the Polygon network and provides Matic staking services to help customers obtain stable returns. Despite the rebrand, the Matic token will remain the native asset, and will play an important role in securing the network and enabling governance.

InfStones will lend Polygon their leading technical capabilities and professional node operations and maintenance experience to help maintain the security, stability and decentralization of the Matic network along with boost the development of Ethereum layer 2 and the whole blockchain ecosystem.

4 ETH 2.0 Reached 3,247,426 Staking

Since the Ethereum 2.0 beacon chain launched on December 1st, the number of staking participants has rapidly increased, with 98,049 active validators, 2,998 pending validators, and a total of 3,247,426 ETH staked as of February 25, 2021.

InfStones has launched thousands of nodes for users on the ETH 2.0 network, providing reliable node infrastructure services and ETH staking services. InfStones has kept a zero-slash record, while many others encountered Slash and suffered substantial reward losses.

Currently, the wait time for users who want to be activated as a validator is three days, which is comparatively reduced than it was immediately following the launch. InfStones is dedicated to helping users to obtain stable returns without the slash risks, and provide liquidity solutions to the community.

5 InfStones In The News

InfStones Founder and CEO Zhenwu Shi provided commentary on the institutional appetite for Ethereum 2.0 staking that was included in this article for BlockWorks, published on February 4th.

“[Many Stakers] are not participating in the ETH 2 for the staking returns but because they believe in the future of Ethereum,” says Shi.

InfStones Newsletter — February

Note: the actual yields could be different due to the multiple factors, including but not limited to network staking ratio and commission fees.

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.