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Blockchain

Laine – A Solana Validator Launches, Aims to Take the Industry Forward

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Cape Town, South Africa–(Newsfile Corp. – December 3, 2021) – The software and blockchain company Laine has recently launched their Solana validator and is experiencing rapid growth.

Figure 1: Laine – A Solana Validator Launches, Aims To Take The Industry Forward

Solana is the future of Blockchain because of its high TPS. Unlike “miners” in a Proof of Work blockchain, “validators” process transactions. Validators process and publish transactions and balances on the chain. “Stake” provides them with this power. Staking implies offering the SOL to a validator to increase their stake weight or voting power on the network.

Laine is one such Solana Validator. Laine is a South African blockchain and software firm. It has been one of the recently successful validators, and its growth in numbers speaks for itself.

2300+ Active Stake Accounts

They have been running Solana validators since May 2021, launching on mainnet at the end of August 2021; currently their validator has 690,000 SOL staked (a whopping $158m at current prices). With over 2300 active stake accounts, it is placed in the top 2% by number of active stakes.

Laine’s custom hardware is hosted in an enterprise-grade data center. Laine also understands the network and the validator code base quite well, with an experienced team behind its decisions. Over 70% of the SOL is staked, enabling users to earn 6% to 8% annually while also helping network security.

Regarding future growth, the company stated:

“Going forward our goal is to invest heavily in even better hardware, more redundancy and additional research into improving the returns we provide our delegators. To achieve this we will be changing our commission to 2% from January 2022 (currently at 0%). This will have a small impact on our delegators, a 7.5% return would change to 7.35%, but will enable us to continue serving them and we hope to count on the continued support as we transition to this long-term strategy.”

The preferred approach is decentralizing a network by staking with smaller nodes outside the minimum security group, the top 19 nodes. It’s critical to consider a validator’s long-term sustainability and capacity to fund new hardware and network upgrades, supporting the right validators will pay off in the long term as they will provide more consistent returns while remaining at the forefront of top performance.

About Laine

Laine is a South Africa based blockchain and software firm. While they traditionally focused on building bespoke web applications and complex business automation tools they have expanded into the blockchain space in recent years. They first started operating Solana validators in May 2021 and currently operate mainnet validators on Solana and Velas as well as an operator node on the SSV Network testnet.

Social Media Handles:

Twitter: https://twitter.com/michaelh_laine
Telegram: https://t.me/lainesa
LinkedIn: https://www.linkedin.com/company/72389235/

Media contact:

Company: Laine South Africa
Contact Name: Michael Hubbard
Email: [email protected]
Website: https://laine.co.za/solana

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106435

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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