[ad_1]
Berlin, Germany, April 11, 2024, Chainwire
Nektar Network – the multi-layer re-staking network is designed to optimize the security model while scaling distributed solutions, paving the way for a more decentralized infrastructure.
The team behind Diva Staking introduces the Nektar Network, a groundbreaking restaking ecosystem poised to redefine the Ethereum trust model and extend its utility to distributed systems. The Nektar Network launches with a vision to democratize Ethereum's validation process while addressing the challenges of centralization and resilience.
Popularized by EigenLayer and already with $14 billion in re-staked ETH, re-staking involves the repurposing of a staked asset to secure additional duties or obligations by validators by using those staked assets as collateral. Users can choose Nectar to expand their staking activities and receive additional rewards from AVSs.
Nektar Network addresses critical challenges in the blockchain space by empowering diverse agents. Nektar facilitates the seamless setup of PoS-based distributed systems, increasing trust and security for applications using its services.
The crypto ecosystem is rapidly evolving into a more complex and developed landscape. Specialized actors are now essential for smooth bootstrapping of the network. We are confident that with their help, the Nektar community will grow at lightning speed and become one of the most important players in the Ethereum ecosystem.
The Nektar Network is intended to be an answer to the growing problem of centralization in the Ethereum ecosystem. While there are major concerns about a limited number of actors controlling the validation layer, the ecosystem at the restaking level needed viable alternatives to diversify the growing interest in restaking. Nektar Network intends to position itself as the most resilient alternative within this important component of Ethereum scaling.
Additionally, the integration of Distributed Validation Technology (DVT) into Nektar increases the resilience of Ethereum and provides developers, operators and validators with a robust infrastructure to interact with the Ethereum network more securely and efficiently.
The Ethereum ecosystem has reached a critical point. On the one hand, liquid staking has democratized access to Ethereum validation. On the other hand, it has created a centralization problem where theoretically a handful of entities could work together to control the network. Continuing on this path would contradict one of Ethereum's core principles and send the wrong message to stakeholders. Nektar provides a restaking network that is as decentralized as possible and is operated by DVT.
Users can find further information here.
Media inquiries
Redhill (on behalf of Nektar Network)
Tien Ma
About the Nektar network
Nektar Network is a multi-layer restaking network built on Ethereum. It consists of components that together form a comprehensive incentive system designed to democratize access to Ethereum's trust model.
For more information about Nektar Network, users can visit our website or follow Farcaster and X.
About Diva Staking
Founded in 2023, Diva Staking is the company behind Distributed Validator Technology (DVT). It aims to increase the decentralization of Ethereum staking through its proprietary DVT solution that aligns the interests of shareholders and operators. In January 2023, Diva Staking raised $3.5 million in seed capital from A&T Capital, OKX Ventures, Alphemy Capital and Metaweb Ventures, among others.
ContactTien MaRedhill GmbH[email protected]
[ad_2]
Source link
