Blockchain
Noether’s Staking Delegation Mainnet Beta is Now Live!
After months of intense development and testing we are proud to announce that Staking Delegation is live on mainnet.
We would like to thank the community for such valuable participation, feedback, and rigorous testing of the system throughout both of our testnet phases. We have had multiple parties completely auditing the system, including our advisors, alongside a thorough review from Certik.
We are starting with a short mainnet beta phase, followed by a fully decentralized system, where any individual or organization can create and manage staking pools without any limit or cap imposed.
In this beta phase we will start with 3 staking partners: Blockscope, Everstake, HashQuark, who will create and manage pools that are each limited to a maximum of 3.6M CTSI. 3,000,000 CTSI is being staked from Cartesi’s Mining Reserve Intermediate Wallet for testing purposes, ensuring block production and accurate testing. The mine reserve tokens will be immediately unstaked and returned to the mine reserve wallet after the beta period concludes and the cap is lifted. All tokens and earned tokens will go back to the mine reserve and the Cartesi Foundation will cover the fees, ensuring no effect on the supply. 600,000 CTSI is available to be accepted by each pool from the community. The pool managers will choose the commission that will be charged for their operation.
Staking
The steps below show how to delegate your CTSI. We are using screens from the ropsten test network. For mainnet you need to switch to mainnet at Metamask, but the process is the same.
- You need to have Metamask installed.
- You need CTSI in your Metamask wallet.
- You need some ETH in your Metamask wallet.
- Go to https://explorer.cartesi.io, click on “Connect to Wallet”, and navigate to the “Pools” option in the top menu. You should see the screen below (with a different list of pools).
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Select one of the pools by using the “Stake” button on the right of each row to go to the pool page as shown below:
- The first step to stake is to set an allowance for that particular pool. The allowance is the maximum amount of token the pool smart contract can transfer out of your wallet. You can set it to any value you want, your wallet amount, less or more. Click on the “Edit” in the allowance row and submit the ethereum transaction through Metamask. After the transaction is confirmed you should see something like the screenshot below.
- The next step is to deposit your tokens to the pool. You can deposit any amount you want limited only by your wallet balance and the allowance value you just set. Those tokens will need to stay deposited for 6 hours before you can stake them (for security reasons). Click on the “deposit” button, enter the amount and confirm the transaction through Metamask. You should see the screen below, with a countdown of 6 hours.
- After 6 hours you should be able to finally stake your tokens. Go back to the pool page and click on “Stake”, enter the amount and confirm the transaction.
From now on, for every block the pool produces you will get a share of the reward minus the commission taken by the pool. The rewards are automatically compounded.
Unstake
Whenever you decide you can unstake your tokens and withdraw back to your wallet. This process and its rules are described below.
- In the pool page click on the “Unstake” minus button in the “Staked” row. Choose if you want to unstake the full stake amount or a specific amount, and confirm the transaction through Metamask.
- The pool will create the required liquidity for you to withdraw the requested tokens back to your wallet. It might be necessary to unstake tokens from the Staking contract, which can take from 48 to 96 hours (as there might be an ongoing unlocking countdown to generate liquidity for previous unstaking requests). But if the pool has enough liquidity you are able to withdraw your tokens right away by clicking the “Withdraw” minus button in the “Pool” row. Specify the amount, and confirm the transaction through Metamask.
That concludes the basic usage of the staking delegation feature from the pool users perspective. We hope to deliver a great experience to all our community! In case you have any doubts, troubles or just want to give some feedback, you are welcome to join our Technical Community on Discord.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
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The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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