Matic Network Announces Stake Capital As Official Staking Partner

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Matic Network, the blockchain scalability platform has formally announced Stake Capital, the DeFi service provider as the official staking partner.
  • Matic Network stated in its announcement that it is looking forward to building a decentralized network of Validators.
  • Matic Network is bringing onboard a series of tier-1 industry validators as “Official Staking Partners” to safeguard the security and performance of the blockchain scalability platform.

Matic Network, the blockchain scalability platform has formally announced Stake Capital, the DeFi service provider as the official staking partner. The announcement made on the Matic Network’s official blog on 24th of January 2020.

This is another step towards building a diverse system of network validators for the Matic Network. Stake Capital will be instrumental in providing secure Blockchain Validation, especially for the proof of stake networks.

Validators in the blockchain context refer to anyone who holds the responsibility of verifying a transaction within the blockchain. Matic network stated in its announcement that it is looking forward to building a decentralized network of Validators.

These validators will be held responsible for participating in the Matic Network’s Proof of Stake consensus mechanism along with also working towards producing blocks. The Validator also expected to commit checkpoints to the Ethereum Mainchain, the announcement read.

Due to all these significant functions, validators play an integral role in any blockchain-based platform. The statement stated that all validators associated with Matic Network would have considerable contributions towards ensuring the health of the network.

Thus, the Matic network is bringing onboard a series of tier-1 industry validators as “Official Staking Partners” to safeguard the security and performance of the blockchain scalability platform.

The platform has announced that Stake Capital will be one of their many Validators in the staking ecosystem. The move will allow “MATIC holders to delegate their tokens to Stake Capital’s Validator node to generate a passive income via staking rewards,” the blog stated.

Static Capital will not only contribute to the Matic network by providing network security and essential staking services, but it also expected to collaborate closely to bestow its expertise on staking economics to the Matic Network.

Further collaborations also expected in significant areas such ad the test net event stages. Static Capital also anticipated proving as an essential partner to spread awareness of Matic’s staking program.

Stake capital is one of the industry’s most trusted DeFi service provider known for its reliable and secure blockchain validations. Matic Network while talking of its latest partner said:

“From integrating hardware security module (HSM) support directly into their Tier 3+ servers to deploying cloud-based sentry nodes across the globe to ensure uptime and minimize latency, Stake Capital does not compromise on security or reliability.”

This partnership expected to strengthen Matic Network’s chances as it moves closer to its upcoming staking launch.

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