Staking remains one of the most prominent ways to earn reliable income in today’s world of decentralized finance (DeFi). Despite the potential that staking presents in general, the huge capital requirements by Proof-of-Stake (PoS) networks have largely made staking inaccessible to many people today. Or some get access, but their profitability is impaired with their modest capital investments.
Trust Node, a protocol that is creating a validator network for proof-of-stake and next-generation blockchains, is solving these fundamental challenges with staking by lowering the barriers to entry for all users, irrespective of their start-up capitals. Before diving into the details about Trusted Node’s operational uniqueness, it is worth noting that the project has a strong team backing it, coming right off as the next project of Stefan Rust, the former Chief Executive Officer of Bitcoin.com.
Amongst many qualities, the team’s profile grants the project the credibility it deserves, seeing the prolific rate of emergence of platforms offering related products. The Trusted Node protocol seeks to democratize PoS rewards to the benefit of all users. The traction the protocol is garnering is resounded with its attainment of more than $31 million in approximately 2 weeks since it was launched.
Inherent Challenges with PoS, and Trusted Node’s Solutions
Staking is a way to lock up your funds on a platform so as to gain the rights to validate transactions that are being initiated on the network while earning rewards in return. Typically, this staking is usually done by nodes, a computer network spread across various locations. They typically keep the network secure through their various activities, and the underlying network usually has their computer/data center requirements, a minimum number of tokens to lock in order to qualify as a validator node.
