👋 Hey Everyone. Welcome to the new and improved Blox newsletter! We’re expanding to give you more from the Blox Ecosystem and larger Ethereum community. Fresh updates delivered every 2 weeks ✌️
Staked: 6464 ETH
ETH2 PROGRESS REPORT
All running quite smoothly on the Beacon Chain minus a slashing event last week involving 61 validators from a staking service that we previously covered in this post. Staked.us released a post mortum and will compensate their clients. However, the importance of a true non-custodial set up for Eth2 staking was revealed due to the mishap. A large number of user validator keys suffered a slashing event due to maintenance efforts for attestation performance… in a non-custodial set up this aggregated slashing should not be possible.
ETHEREUM FOUNDATION GRANT
We’re officially a proud recipient of an Ethereum Foundation grant to forward our work on Secret Shared Validators (SSVs)! The project is a true team effort and we are humbled to be participating. If you’d like to join in on the development efforts, feel free to reach out to us on Discord! You can also tune in to our upcoming community call to find out more about the project and read more here, and here.
More to be released in the coming weeks but earlier this week we tested out the first working implementation of a SSV on the Pyrmont testnet. The setup is still very much preliminary and basic and much work still needs to be done, but an important milestone for setting the project in motion. 🦾 🦾
BLOX STAKING UPDATES
Due out next week, the import function for Blox Staking is almost complete. Version 1.4.0 will allow anyone to import their existing validators into Blox. Running a true non-custodial setup means that anyone can join and leave as they please. We are the first and only to allow an import function, pretty exciting!
Spread the news folks, this feature is for anyone who has become tired of maintaining their DIY setup or who is dissatisfied with their existing custodied staking service 😝Importing into Blox is the closest thing to running it on your own without the hassle of continued maintenance. If you’re not satisfied, you’ll be able to opt-out at any time!
Join Alon, our CEO and the Binance community to learn about our future plans and get the chance to win $3,000 worth of CDT. Huge thanks to the Binance team for inviting us to their platform. See you there!
Eth2’s Approach to Solving the Scalability Trilemma
Scalability determines the capacity of any network, and has been the key limiting factor for the mainstream proliferation of Ethereum and all other blockchains to date…
Lose decentralization, a network is likely not a blockchain at all, lose security and there isn’t a reliable network to speak of…
To get the complete picture, read the full article.
MORE FRESH READS
Bankless – Ether futures are here
The Daily Gwei – I Choose You Layer 2
What’s New in Eth2 – 29 January 2021