1 Stacks 2.0 Launches the Mainnet

InfStones has established a partnership with Stacks 2.0 as an App and technology partner. Formerly called Blockstack, Stacks 2.0 officially came online as of January 15th and is a layer-one blockchain with a native bridge to Bitcoin, which was upgraded from the decentralized computing network. Stack 2.0, an open-source and developer-friendly network, will work with InfStones on bringing smart contracts and supporting decentralized finance in efforts to unlock further innovations within the Bitcoin network.

2 Skale is Providing Elastic Blockchain Network on Ethereum

InfStones has established a partnership with SKALE, launching validators on their mainnet and providing staking services to help the customers obtain stable rewards. SKALE provides users with a decentralized, configurable network of on-demand blockchains that support high-throughput, low-cost and low-latency transactions, enabled with storage capabilities and advanced analytics. For the Ethereum blockchain, SKALE network’s initial and primary use is in the form of elastic sidechains. InfStones will use its leading technical strengths and rich professional node operation and maintenance experiences to help maintain the security, stability and decentralization of the SKALE network, and promote its ecosystem development.

3 ETH 2.0 Reached 2,840,738 Staking

Since Ethereum 2.0 beacon chain’s launch on December 1st, Infstones has launched thousands of nodes for users on the ETH 2.0 network, providing reliable node infrastructure services and ETH staking services. As of January 27, there have been 71,767 active validators and 16,722 pending validators on Beacon Chain Ethereum 2.0, with a total of 2,840,738 ETH staked. For the time being, there will be a 19-day wait time for users who want to be activated to be a validator. InfStones has continued to support users in obtaining stable returns without the slash risks, as the number of staking participants continues to increase rapidly on the Ethereum 2.0 beacon chain.

4 Bitcoin Rises as Ether Hits All-Time Highs

The price of Bitcoin regained lost ground this week as ether — the world’s second-biggest cryptocurrency — hit a fresh record high. Bitcoin rose more than 7.4% in the last 24 hours to trade around $34,807, according to data from CoinDesk, looking to recover from steep losses last week that wiped out more than $100 billion from the entire crypto market. Ether, the digital token of the Ethereum blockchain, notched a new all-time high of $1,476 early Monday morning. The cryptocurrency climbed 6.2% to a price of $1,415 at about 9:15 a.m. ET. Altcoins, or alternative cryptocurrencies, have been known to rally in times of strength for bitcoin. Ether’s latest price movement was attributed to increased use of Ethereum — its underlying network that is undergoing a major upgrade — and interest from institutional investors in crypto.

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