Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Chainlink (LINK) To Launch Staking On Ethereum On Dec 6th

Altszn.com by Altszn.com
December 1, 2022
in Ethereum
0
Chainlink (LINK) To Launch Staking On Ethereum On Dec 6th
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Chainlink (LINK), a well-known blockchain oracle service, declared on November 30th that it is preparing to launch staking on Ethereum on December 6th. It is a component of the long-term, economically sound plan for the blockchain network that the LINK ecosystem has developed.

In order to support specific performance guarantees for oracle services, stakers commit LINK tokens in smart contracts using a crypto-economic security mechanism called “Chainlink Staking.”

Additionally, in a Twitter thread, Chainlink gives an update on how Staking will be developed in the future, beyond this first release, and how that will impact key features like the lock-up time.

1/ With Chainlink Staking v0.1 launching on Ethereum mainnet on December 6th, we’d like to provide an update on our iterative approach to building future versions of Staking beyond this initial release and how that will affect important attributes like the lock-up period.

Image

They explained that the first lock-up duration of 12 to 24 months was predicated on a conservative release cycle that contained more sophisticated features with each release. Whereas “Smart contracts” tend to take longer cycles because it is important to audit them separately, and so duplicate efforts across each new iteration are avoided.

After talking to community members and node operators, they found that they prefer more rapid iterations of new releases with condensed scopes.

According to the tweet’s comment section:

As a result, the next version of Staking (v0.2) is now planned to launch in 9-12 months, at which point v0.1 stakers can unlock or migrate their staked LINK and rewards.

image 5
Source: Chainlink

Chainlink Staking (v0.1) On Ethereum

Only “addresses that qualify for Early Access” will start using the beta version of Chainlink Staking (v0.1) on Ethereum. These can participate in a capped staking pool and stake up to 7,000 LINK, or about $53,270. Activity on-chain and off-chain, which can be verified by the user’s wallets, determines eligibility.

According to the blog post:

The capped v0.1 staking pool will then open to General Access two days later on December 8th. At that point, anyone will have the chance to stake up to an initial limit of 7,000 LINK per address, subject to the initially limited 25M LINK pool cap and other applicable participation requirements.

image 4
Source: Chainlink

Furthermore, the staking pool v0.1 offers support for the ETH/USD data feeds on the Ethereum mainnet. Users can help secure the Data Feed by providing alerts if it fails to meet specific criteria such as adequate uptime.

In addition, without the node operators taking over the community stake, Community Stakers in v0.1 will immediately have their share transferred to Node Operator Stakers. The term “Auto-Delegation” is used to describe this method.

Nevertheless, following the first implementation of staking version 0.1, the economic and security architecture of the network would be changed. With this, staking will become a fundamental mechanism for LINK tokens to provide assistance with its security.

Related Reading | SBF Opens up About the Collapse of FTX

Ezoicreport this ad





Read More: news.google.com

Tags: 6thChainlinkDecETHEthereumLaunchLINKStaking
ADVERTISEMENT

Recent

Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

May 14, 2025
Crypto VC deals drop in Q1, but funding more than doubles: PitchBook

Crypto VC deals drop in Q1, but funding more than doubles: PitchBook

May 14, 2025
Ether Nears $2.7K, Dogecoin Zooms 9% to Keep Cheery Mood Ongoing

Ether Nears $2.7K, Dogecoin Zooms 9% to Keep Cheery Mood Ongoing

May 14, 2025

Categories

  • Bitcoin (4,880)
  • Blockchain (11,447)
  • Crypto (9,390)
  • Dark Web (551)
  • DeFi (8,414)
  • Ethereum (4,926)
  • Metaverse (7,576)
  • Monero (290)
  • NFT (1,504)
  • Solana (5,054)
  • Web3 (20,763)
  • Zcash (509)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

    Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

    May 14, 2025
    Crypto VC deals drop in Q1, but funding more than doubles: PitchBook

    Crypto VC deals drop in Q1, but funding more than doubles: PitchBook

    May 14, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,204.00
    • ethereumEthereum (ETH) $ 2,585.20
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.55
    • bnbBNB (BNB) $ 651.42
    • solanaSolana (SOL) $ 175.42
    • usd-coinUSDC (USDC) $ 0.999934
    • dogecoinDogecoin (DOGE) $ 0.231079
    • cardanoCardano (ADA) $ 0.797835
    • tronTRON (TRX) $ 0.276018
    • staked-etherLido Staked Ether (STETH) $ 2,578.10
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 102,881.00
    • suiSui (SUI) $ 3.92
    • chainlinkChainlink (LINK) $ 16.89
    • wrapped-stethWrapped stETH (WSTETH) $ 3,090.90
    • avalanche-2Avalanche (AVAX) $ 25.18
    • stellarStellar (XLM) $ 0.304535
    • shiba-inuShiba Inu (SHIB) $ 0.000016
    • hedera-hashgraphHedera (HBAR) $ 0.206148
    • hyperliquidHyperliquid (HYPE) $ 24.91
    • leo-tokenLEO Token (LEO) $ 8.80
    • the-open-networkToncoin (TON) $ 3.26
    • bitcoin-cashBitcoin Cash (BCH) $ 403.09
    • polkadotPolkadot (DOT) $ 5.00
    • pi-networkPi Network (PI) $ 1.07
    • litecoinLitecoin (LTC) $ 99.75
    • wethWETH (WETH) $ 2,588.04
    • usdsUSDS (USDS) $ 0.999814
    • moneroMonero (XMR) $ 346.91
    • wrapped-eethWrapped eETH (WEETH) $ 2,743.08
    • pepePepe (PEPE) $ 0.000014
    • bitget-tokenBitget Token (BGB) $ 4.73
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999121
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,200.00
    • whitebitWhiteBIT Coin (WBT) $ 30.34
    • uniswapUniswap (UNI) $ 6.60
    • bittensorBittensor (TAO) $ 449.65
    • nearNEAR Protocol (NEAR) $ 3.06
    • aptosAptos (APT) $ 5.80
    • daiDai (DAI) $ 0.999891
    • aaveAave (AAVE) $ 227.39
    • ondo-financeOndo (ONDO) $ 1.03
    • okbOKB (OKB) $ 54.05
    • kaspaKaspa (KAS) $ 0.119988
    • jito-staked-solJito Staked SOL (JITOSOL) $ 211.32
    • internet-computerInternet Computer (ICP) $ 5.66
    • ethereum-classicEthereum Classic (ETC) $ 19.80
    • crypto-com-chainCronos (CRO) $ 0.102961
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 103,204.00
    • ethereumEthereum (ETH) $ 2,585.20
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.55
    • bnbBNB (BNB) $ 651.42
    • solanaSolana (SOL) $ 175.42
    • usd-coinUSDC (USDC) $ 0.999934
    • dogecoinDogecoin (DOGE) $ 0.231079
    • cardanoCardano (ADA) $ 0.797835
    • tronTRON (TRX) $ 0.276018
    • staked-etherLido Staked Ether (STETH) $ 2,578.10
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 102,881.00
    • suiSui (SUI) $ 3.92
    • chainlinkChainlink (LINK) $ 16.89
    • wrapped-stethWrapped stETH (WSTETH) $ 3,090.90
    • avalanche-2Avalanche (AVAX) $ 25.18
    • stellarStellar (XLM) $ 0.304535
    • shiba-inuShiba Inu (SHIB) $ 0.000016
    • hedera-hashgraphHedera (HBAR) $ 0.206148
    • hyperliquidHyperliquid (HYPE) $ 24.91
    • leo-tokenLEO Token (LEO) $ 8.80
    • the-open-networkToncoin (TON) $ 3.26
    • bitcoin-cashBitcoin Cash (BCH) $ 403.09
    • polkadotPolkadot (DOT) $ 5.00
    • pi-networkPi Network (PI) $ 1.07
    • litecoinLitecoin (LTC) $ 99.75
    • wethWETH (WETH) $ 2,588.04
    • usdsUSDS (USDS) $ 0.999814
    • moneroMonero (XMR) $ 346.91
    • wrapped-eethWrapped eETH (WEETH) $ 2,743.08
    • pepePepe (PEPE) $ 0.000014
    • bitget-tokenBitget Token (BGB) $ 4.73
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999121
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,200.00
    • whitebitWhiteBIT Coin (WBT) $ 30.34
    • uniswapUniswap (UNI) $ 6.60
    • bittensorBittensor (TAO) $ 449.65
    • nearNEAR Protocol (NEAR) $ 3.06
    • aptosAptos (APT) $ 5.80
    • daiDai (DAI) $ 0.999891
    • aaveAave (AAVE) $ 227.39
    • ondo-financeOndo (ONDO) $ 1.03
    • okbOKB (OKB) $ 54.05
    • kaspaKaspa (KAS) $ 0.119988
    • jito-staked-solJito Staked SOL (JITOSOL) $ 211.32
    • internet-computerInternet Computer (ICP) $ 5.66
    • ethereum-classicEthereum Classic (ETC) $ 19.80
    • crypto-com-chainCronos (CRO) $ 0.102961
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00