Blockchain
Laine – A Solana Validator Launches, Aims to Take the Industry Forward
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
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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