The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline. Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on Oct. 11 at about 3:30…
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Only 226 validators have been slashed since Ethereum staking began, with 75 of those coming from a single event in February 2021. The Ethereum ecosystem has seen only 226 validators slashed since the launch of the Beacon Chain on Dec. 1, 2020 — amounting to just 0.04% of 524,060 validators, according to an Ethereum core developer.…
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After the SEC’s crack-down on Kraken, Coinbase’s legal head outlined the differences between Kraken’s staking product and its own. The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase’s…
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While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9…
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The security expert said that while PoS isn’t “theoretically” as secure as PoW, he admits it still has “sufficient practical security.” Despite the Ethereum Merge being touted as a major upgrade to the blockchain network, its transition to proof-of-stake theoretically makes it more vulnerable to exploit. Speaking to Cointelegraph, the security researcher explained that unlike…
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The Ethereum merge is fast approaching and those with assets at stake should keep a close eye on the following data sources. The assumption that Ethereum will just transition to a fully functional proof-of-stake (PoS) network after the Merge somewhat ignores the risk and effort necessary to move an asset that has a $193 billion…
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Slashing is one of the big risks of staking on ETH 2.0, find out how to avoid it. One of the most prominent figures in the decentralized finance community has suffered validator penalties on the Ethereum 2.0 network after a mishap with his DappNode’s power button. DeFi protocol Synthetix founder, Kain Warwick, reported on Twitter…
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