1 k

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 or 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

indu4.0 – The Digital Marketplace for the Manufacturing Industry

indu4.0 is a digital B2B marketplace for the manufacturing industry, aiming to make the bridge between supply and demand faster, more efficient, and cost-effective. The company behind it, Indu4.0 AG, operates from Lucerne, Switzerland. It has already succeeded in integrating numerous complex industrial products and services with a sophisticated filter system in a user-friendly platform. This indu4.0 review looks closely at one of the most ambitious projects seeking to establish a blockchain presence for the behemoth-sized manufacturing industry. Read on…

SpurDex – A Cross-Chain DEX Platform for Hassle-Free Trading

SpurDex is a cross-chain DEX platform that supports the hassle-free trading of digital assets. The platform aims to provide a decentralized, secure, and user-friendly experience for all its users. SpurDex aspires to establish a safe and secure environment for digital asset trading. What Is SpurDex? SpurDex is an easy-to-use cross-chain DEX platform allowing you to trade digital assets in a new manner. It utilizes smart contracts to facilitate the exchange of tokens between different chains. SpurDex wants to provide the…

Hami Network – The Next Level Launchpad for Investors and Project Owners

Hami Network, an all-in-one cryptocurrency platform, revealed its new investor-friendly launchpad helping projects gain more traction from their first day in the cryptosphere. Additionally, the project started the Seeding Round A for its HAMI token on August 19, ending on September 8. Investors can board the initiative or join the Seeding Round B on PinkSale from September 1 to September 14. This short Hami Network review looks closely at the project's new launchpad and features. Read on to learn more…

BC.Game – A Complete Casino and Sportsbook Experience

BC.Game is a crypto casino offering the widest variety of crypto deposits and withdrawals. The website features over 6,000 games, including BC Originals and house games. Most importantly, it operates as a casino and a sports book allowing users to play with crypto and fiat currencies. This BC.Game review dives deep into one of the most popular cryptocurrency casinos. Read more about its features, games, supported currencies, and payment methods! BC.Game in a Nutshell BC.Game launched in 2017 as a…

ZUNAVERSE NFT Marketplace – Discover, Collect and Sell NFTs

ZUNAVERSE is an NFT-centered platform on BNB Chain aiming to make non-fungible tokens (NFTs) more accessible to everyone. The project is developing rapidly and incorporating an NFT marketplace, a proprietary token (ZUNA), and a brand new NFT collection, the ZunaNauts. This short ZUNAVERSE review looks closely at one of the latest NFT marketplaces to enter the market. Read on to discover its many features and plans! ZUNAVERSE in a Nutshell ZUNAVERSE plans to rival the industry-leading NFT marketplace. To this…

LykaCoin – All-in-One Blockchain Ecosystem

LykaCoin is a multi-chain blockchain ecosystem similar to Polkadot and Avalanche but promising to be more competitive. Its goal is to add innovations, progressive views, and a different vision to the newly-built meta universe with the projects it will do and develop. Notably, it aims to attract them with zero gas fees and potentially unprecedented scalability. This LykaCoin review looks closer at one of the fastest developing blockchain projects in the industry. Read on to discover its features, tokenomics, and…

Decentraland – A Virtual Reality Platform Unleashing the Blockchain Potential

Since its inception, virtual reality has been a phenomenon. People have been fascinated by the idea of stepping into another world that humankind created. With Decentraland, this fascination has become a reality.  Decentraland is a popular virtual reality platform that allows users to create and experience anything they can imagine. Decentraland is also a cryptocurrency platform. Within the Decentraland ecosystem, users may buy goods, services, and real estate with the MANA token. The MANA token enables the project's founders to…

Chain Pet – A Play-to-Earn Ecosystem for an Enhanced Crypto Experience

Blockchain gaming is starting to take off, and Chain Pet is one of the games leading the charge. In this review, we'll look at Chain Pet's main features and how it sets itself apart from the competition. Chain Pet is a play-to-earn ecosystem that rewards players for their contributions. By upgrading, breeding, and combating their elves, players may construct their world. The elves obtained are all personal assets, so finding a partner is essential to help you get started. One…

LoserChick – A GameFi Crypto Platform Relying on Staking

LoserChick is a fun and addictive new game that allows players to catch and smash eggs for NFTs. In addition to providing many ways for players to earn, LoserChick also offers lower gas fees and higher transaction speeds.  Because of its relationship with Polygon, it's an excellent option for gamers seeking to spice up their day a little. This review will analyze LoserChick in detail, so be sure to check it out if you're interested in learning more. What is…

DeNations – A Global Play-to-Earn Crypto Experience

DeNations is a popular platform for gamers who want to get involved in the crypto market. Users can expand their nations, build civilizations, and earn rewards. The gaming industry is growing rapidly, and DeNations provides an excellent opportunity for gamers to get involved.  This review will analyze the main features of DeNations that appeal to crypto investors and gamers. What is DeNations? For those who like to earn prizes while having fun, DeNations can be an appealing platform. Each nation…