Northstake to offer staking options on Concordium Blockchain

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COPENHAGEN, Denmark, Jan. 3, 2022 /PRNewswire/ — We’re proud to announce our staking resolution on Concordium’s blockchain to offer safe and dependable staking companies to Concordium traders. Concordium traders can join a hassle-free resolution and earn an annual share yield between 9-12% on their funding.

Staking is a approach to put your crypto to work and earn rewards. Staking is the method of actively taking part in transaction validation on a proof-of-stake (PoS) blockchain such because the Concordium blockchain. Anybody with a minimum-required stability of a particular cryptocurrency can validate transactions and earn staking rewards.

Northstake is a Nordic staking supplier, and has registered its exercise with the Danish FSA. Northstake operates devoted validator node infrastructure that enables traders to earn rewards via community participation, with out having to run their very own infrastructure 24/7.

Along with working a node infrastructure on Concordium, Northstake actively participates within the ecosystem improvement and collaborates with Concordium on use case improvement and enterprise blockchain adoption.

“We’re excited that Northstake is introduced as a Layer 2 staking resolution to run Concordium finalizer and baking node infrastructure and staking swimming pools. As a trusted and dependable ecosystem associate to Concordium, we’ll proceed contributing insights and help to the Concordium improvement staff and its ecosystem collaborators,” stated Jesper Johansen, CEO of Northstake.

“We’re joyful to see Northstake as a group participant with its new staking resolution. Staking performs an necessary position within the ecosystem and helps the safety and decentralisation of the blockchain, along with offering the house owners of Concordium’s crypto foreign money, the CCD, with a possibility to earn rewards,” stated Beni Issembert, CMO of Concordium.

Northstake is prepared and presently onboarding shoppers on the staking companies, which incorporates staking-as-a-service on devoted validator node infrastructure and delegation to our Northstake staking pool.

For extra info, go to www.northstake.dk or electronic mail [email protected]

About Concordium

Concordium is a Public and Proof-of-Stake blockchain with a novel ID layer on the protocol. Concordium differs by providing quick and actual finality with low transaction charges, secure in FIAT, expressed in CCD, its native token.

By introducing built-in id administration on the protocol degree and zero-knowledge proofs, Concordium eases compliance by changing anonymity with excellent identifiable privateness.

www.concordium.com

About Northstake A/S

Northstake A/S is the Nordic main staking associate for proof-of-stake blockchains and was based as a L2 staking resolution on the Concordium blockchain. Northstake now has greater than 200M CCD pledged below administration and has constructed an trade main staking resolution to serve Concordium traders. Northstake was based by ex-Deloitte and ex-Accenture technologists and blockchain leaders and the staff encompasses main staking and blockchain specialists, cryptographer, and cloud engineering and infrastructure builders. Northstake A/S relies in Copenhagen, Denmark with greater than 25 folks employed.

Northstake operates a safe, dependable and audit and inspection prepared validator node infrastructure on next-generation decentralised proof-of-stake networks and has registered its actions with the Danish FSA. 

DISCLAIMER: Northstake doesn’t present monetary, authorized or tax recommendation. Staking crypto property could contain a excessive diploma of volatility and danger with the opportunity of loss, together with however not restricted to, slashing, penalties, jailing on some networks. Purchasers should train warning and do correct due diligence earlier than selecting a staking associate. This will likely embody assessing governing legislation and phrases and situations.

Media Contact:
Concordium PR supervisor
Maria Rojas 
[email protected]

SOURCE Northstake A/S

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