Blox Staking: The Ultimate Ethereum 2.0 Non-Custodial Staking Platform

Ethereum 2.0 launched on December 1, 2020, the start of Ethereum‘s upgrade away from its current, limiting mining consensus method. Ethereum chose to move towards Proof of Stake consensus to remove the challenges surrounding the mining of crypto assets, including scalability, huge costs, and network centralization.

The new network is in its infancy, and as such, staking is present quite a technical task. To broaden participation to all those who wish to help secure the network, non-custodial platforms must help users stake on Ethereum 2.0. It’s at this point that we would like to introduce Blox Staking.

Blox Staking is a transparent and entirely non-custodial staking platform designed solely for Ethereum 2.0 (Eth2) staking. It ensures that users maximize their staking rewards and minimize security risks while keeping complete control over private keys. Using the platform costs $180/validator/year (charged in ETH), and validators save 100% of their network rewards. 

Current Staking Platforms

Staking and, more specifically, Eth 2.0 staking is a big business in the crypto world today. There are two types of Eth 2.0 staking service providers: custodial and non-custodial. 

Custodial platforms are the most common, and their main selling point is the promise of user-friendly, secure, and reliable service. However, this is not always the case. These platforms have control over their users’ private keys and come with inherent risks;

  • Hacking – Keys stored in one centralized place = hacker goldmine.
  • Slashing – If a hacker gains control over a service’s user’s private keys, they can cause slashable events. Or, if the service makes a mistake, they can inadvertently cause them (as was the case last week when 65 validators were slashed as a group due to a centralized service’s error). Slashable events are punished more severely the more validators participate. The more keys a centralized service has → , the greater the slashing risks.

Blox Staking, Non-Custodial Eth 2.0 Staking

Blox Staking is providing an authentic non-custodial Ethereum 2.0 (Eth2) staking experience. Many services claim to be non-custodial when they are custodial or semi-custodial and keep control of one or both of their users’ private keys. On the other hand, Blox Staking is entirely non-custodial – its users keep control of both their withdrawal keys and their validator keys. Blox has been designed with the utmost security and decentralization in mind and allows crypto investors to install, run, and manage one or many validators without compromising their private keys’ safety. As such, each user is in full control of their staked ETH and Beacon Chain rewards. 

Blox Staking is an open-source project and is audited by the business’s best to maintain maximum transparency. It was created for security-conscious crypto enthusiasts, providing a gateway to Eth2 staking through a local Desktop App and dashboard that allows the staker to manage and track their validator without heavy, technical lifting. Validator keys are segregated and securely stored in KeyVault, a personalized remote signer with constant connectivity to the Beacon Chain, ensuring maximum rewards. 

Blox Staking Platform Features

  • Blox Live Desktop App

The Blox Live Desktop App is the gateway to convenient non-custodial staking on Ethereum 2.0 (Eth2). Admin actions are performed in Blox Live for validator set up and management. Blox Live is run locally, offering the highest security level and bundling together all functionality for securely managing backups, essential imports, creating and managing validators, and more. Live maintains direct connectivity with Blox Infra and the user’s cloud service, on which KeyVault remote signer is installed.

  • KeyVault Remote Signer

Blox KeyVault is a remote signer powered by Hashicorp Vault, a leader in secrets and sensitive data management, employing an always on-disk encryption policy. Blox developed a dedicated Vault plugin that supports BLS12-381 Eth2 signing keys, and to ensure that the platform is fully non-custodial, KeyVault is not held on Blox servers. It is kept completely segregated and installed on a user’s personal cloud account. During the installation process, restricted permissions are created for Blox Infra to transmit validator signing duties to KeyVault. KeyVault is assigned duties directly from Blox Infra, but the ultimate decision to sign is decided upon by each user’s personal instance of KeyVault backed by built-in slashing protection.

  • Blox Infra

Validators on the Beacon Chain must be constantly connected to their nodes to perform assigned duties. Connection downtime, therefore, has the potential to impact staking rewards negatively. The validators that are capable of earning the most rewards are those that remain online 24/7. Backed by 3 years of experience running nodes for 15 different blockchains, Blox nodes are actively maintained for relentless reliability. Blox Infra is a cluster of validators, Eth2 and Eth1 nodes that are constantly connected to Ethereum and ensure sustained communication to the KeyVault remote signers.

The Future of Decentralized Staking Pools

Looking forward, Blox is developing Decentralized Staking Pools based on Secret Shared Validator (SSV) technology through a grant provided by the Ethereum Foundation. The Pools Blockchain will manage a vast network of staking pools – maintain their security, liveliness, and robustness, all without a centralized authority or single point of failure. The Pools-Chain design is still very much under development, and progress will be added to Blox’s Docs page as the project unfolds. Once complete, stakers with as little as 0.1 ETH will finally be able to participate in securing Eth2 without the need of trusting a centralized platform or exchange with their ETH stake.

Blox Staking – ETH 2.0 Non-Custodial Staking

Bitcoin live price
price change

Non-custodial systems help investors protect their keys, funds, and interests in the crypto world, and Blox is enabling these considerations for Eth2. The imminent launch of the Decentralized Staking Pools will be one of the most significant advancements in crypto in 2021 – Blox is one of the only organizations focused on decentralized Eth2 staking pools, and the promise of staking smaller denominations of ETH without having to trust centralized parties is certainly appealing for those looking to contribute to Ethereum and earn rewards along the way.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

Stay up to date with our latest articles

More posts

RodeoCoin – Supporting the Western Lifestyle through Crypto

RodeoCoin is a hyper-deflationary token running on Binance Smart Chain seeking to reward its active users with BUSD reflection rewards. The project’s ultimate goal is to build a Community Wallet supporting the western lifestyle and community-oriented initiatives, including promoting talents in art, sports, and music. This short RodeoCoin review looks closely at one of the most recent projects to surface in the market. Read on to discover its features, tokenomics, and roadmap! What is RodeoCoin? RodeoCoin evolved from a group…

Shazu – Channeling the Ninja Abilities within NFT Collectors and Crypto Enthusiasts

Shazu is a community-driven project featuring a deflationary token, SHAZU, and a collection of unique Ninja NFTs. Its goal is to help users increase their financial freedom through reflection rewards, staking opportunities, and digital collectibles. This short Shazu review looks closely at one of the latest projects to surface in the cryptosphere. What is Shazu? Shazu is a project seeking to grow through its community while rewarding its members at the same time. It features a deflationary token on the…

WinWinCoins Will Make Crypto Trading More Accessible for Everyone

WinWinCoins is an innovative blockchain project providing a next-gen AI robot trading solution to help investors increase their profits. Its goal is to build an advanced, democratic platform easily accessible to everyone. This way, even newbie traders with little market knowledge can have a positive experience in cryptocurrencies. The WinWinCoins team believes it can accelerate crypto adoption by providing legitimate trading tools available to everyone. To this end, its trading bot could help eliminate losses and increase access to profitable…

SafeSwap Deploys on the Polygon Network to Allow the Farming and Staking of SSGTX

SafeSwap, a decentralized crypto exchange platform, has recently deployed on Polygon, previously known as the Matic Network, a scaling solution for public blockchain networks.   The integration of the Polygon chain by SafeSwap aims to revolutionize the DeFi industry by allowing the farming and staking of SafeSwap's token, SSGTX. The partnership enables users to exchange information without losing ownership or control in the staking and trading industry.  The main objective of SafeSwap is to empower traders and liquidity providers with an easy-to-access financial…

API Inu – A Blockchain Service Suite Joining the Meme Coin Hype

The meme coin hype is leading to the creation of more creative projects revolving around this type of cryptocurrency. In this context, API Inu is one of the latest examples, with a combination of blockchain data services and a meme token. Using TradingView's professional charting libraries, the project wants to provide simple indicators for beginner traders. Furthermore, the team wants its community to enjoy access to essential data like liquidity, trading volume, risk exposure, and fear vs. greed indicators.  API…

Ragdoll Cat NFT – A New Decentralized Project to Help Cats in Need

As the blockchain market grows, we learn more and more about how this technology can influence our daily lives. Ragdoll Cat NFT is a new project that puts together the interest for crypto, decentralized communities, and cats. In the following sections, we wish to report, in a neutral way, all the main features of this new initiative. After describing the ecosystem designed by the team, we’ll include some of the future developments that we should expect from the project. About…

Tiny Colony Review – The First-Ever Expansive Pixelated Tinyverse

Tiny Colony is a pixelated ecosystem of games, events, and experiences built on Solana that allows users to play without requiring NFTs. It features the first-ever construction and management blockchain game and benefits from the backing of iLogos, the prominent developers of Angry Birds 2, and regular partners of Disney, Ubisoft, EA, Rovio, and DreamWorks. The project is currently in full swing after striking partnerships with Fractal Marketplace, Twitch creator Justin Kan, and popular YouTuber iJustine. Furthermore, the game raised…

Rocket Global – A Next-Gen Hybrid Crypto Exchange

The market of crypto exchanges is crowded, and new initiatives in this niche always need to develop something innovative to have a chance of survival. The sector is still far from reaching a mature phase, and creative teams have an opportunity to improve the current inefficiencies of the market. Today we will talk about Rocket Global and impartially review its main features. Our short overview wishes to highlight the key characteristics of the project to let the readers form an…

C4G3 – A Project Featuring the First Decentralized Meme Index

Meme tokens have had immense success after launching on the market as a joke with Dogecoin ($DOGE). This niche gradually became a serious business as the coins’ market cap grew exponentially. The C4G3 Meme Index is the world's first digital asset index designed to track the performance of meme tokens within the cryptocurrency industry. Our review will look closely into this new project and provide the readers with the main details shared by the founding team. About C4G3 Creating an…

Stoner Doge – A Cannabis-Related Blockchain Project Oriented to Charity

It is not uncommon for blockchain developers to create a project to provide charities and non-profit organizations with funding. Stoner Doge is one of the latest examples in this market niche, with its intention to launch a cannabis-friendly project connected to charitable groups in the sector. Today’s review will introduce the project and its main features to the readers, and it will do so in a neutral way. Eventually, it will only be up to single investors to discover this…