HyperBlocks Set to Rollout Staking-as-a-Service for Highly-Anticipated Fantom Mainnet
Toronto, Canada / October 16, 2019 / HyperBlocks — the blockchain technology venture firm focused on proof-of-stake (PoS) protocols — is poised to roll out its staking-as-a-service (SaaS) for the first Fantom mainnet, the DAG-based smart contracts platforms dubbed the “consensus-as-a-service” platform.
Fantom’s Statheros’ mainnet launch, a stable coin platform, encompassing a partnership with a major South African bank, is expected to launch imminently, and will be followed by
Fantom’s Go-Lachesis mainnet launch, a public, open source, smart contract platform.
Go-Lachesis mainnet launch is expected before the end of 2019. The platform is an EVM and custom virtual machine compatible consensus platform for distributed applications, which serves as the underlying engine for Fantom’s broader technology stack.
Both platforms will have staking available for all FTM tokenholders. A bridge will exist between the different tokens, so users will have the option to stake on either platform, and be able to effortlessly swap their tokens for ERC20 or BEP2 FTM.
“Fantom is a consensus provider, much like RAFT is to the traditionally distributed world,” detailed Andre Cronje, Technical Advisor to Fantom in a recent Fantom Medium blog post. “The goal has been and will be to focus on building the best-decentralized consensus available — not to be the best blockchain available. A blockchain is part of the product, consensus is one of the modules, just like you have modular EVM support, or NFT, or Issuance.”
Fantom already has several projects building on its SDK, including Zar Network — a stablecoin-oriented open finance project from South Africa.
HyperBlocks’ investment venture arm, HyperChain Capital, injected $2 million into Fantom, and is gearing up to provide the security for the first mainnet stablecoin on Fantom, issued by a top-tier African bank. HyperBlocks is one of the leading SaaS providers for high-profile Proof of Stake (PoS) networks like Tezos and Cosmos. Similarly, HyperBlocks is one of the principal validators and stakers for Wax, the global digital asset exchange.
“Aside from running Fantom nodes, Hyperblocks will be running a staking as a service platform where users that hold a considerable amount of tokens can stake easily and secure, but don’t have the technical prowess to manage a validation node in the network,” says Michael Chen, CMO of Fantom.
SaaS has been gaining momentum in cryptocurrency circles throughout 2019, as appetizing fixed returns on native network tokens like Tezzies (XTZ) and Cosmos’ ATOMS have appealed to institutional investors and venture capital firms. HyperBlocks is one of the only blockchain technology firms explicitly focused on PoS protocols, and is also set to reveal SaaS for public blockchain networks Polkadot and Aelf soon.
Fantom’s Testnet is already live, and its highly-anticipated, scalable technology stack covers a broad range of potential applications, including healthcare, education, resource management, environmental sustainability, and more. With HyperBlocks bootstrapping the security and SaaS of Fantom’s first mainnet using its underlying technology, Fantom’s Statheros and Go-Lachesis technologies will be supplemented by a leading technology firm in the blockchain sector.
Fantom is a Directed Acyclic Graph (DAG) smart contracts technology stack built as the foundation for the scalable, high-performance demands of public infrastructure. The platform is comprised of several innovations at the protocol level, including its Go-Lachesis smart contracts platform and stablecoin-focused Statheros technology. Fantom is led by CIO Michael Kong, Technical Advisor Andre Cronje, Developers Samuel Marks (https://offscale.io/), Maxim Prishchepo (https://sfxdx.com/), and Quan Nguyen, George Samman, and Alex Kampa — a team loaded with technical prowess.
HyperBlocks is a blockchain technology firm that is a pioneer in the world of PoS protocols and as a SaaS provider. Originally a mining firm operating one of the biggest facilities in Asia, HyperBlocks has expanded its scope to supporting innovation with its venture capital arm, HyperChain Capital, and is among the leaders of validating and staking on major public PoS blockchain networks.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.