Chainnodes Announces Partnership with Obol
BRIEF
Chainnodes is partnering with Obol to bring true decentralization to Ethereum staking, but what does this really mean in simple terms?
On the surface, the concept of decentralization seems easily attainable with blockchain. Take the consensus mechanism, for example. Its impact is to ensure that a single entity does not get to validate transactions or determine the trueness of an entire blockchain. While this is true, another co-existing truth is the fact that the consensus mechanism is operated by humans, known as validators in the Ethereum ecosystem or miners in the Bitcoin ecosystem.
Since the focus of this article is learning how our partnership with Obol is dedicated to fostering decentralization and ensuring that Ethereum remains a truly decentralized and trustless blockchain, we shall focus on the Ethereum blockchain.
What is Obol?
Obol has been a leading protocol in the blockchain space and has been dedicated to enhancing blockchain decentralization since 2021. Built to create a staking and node validation ecosystem that is essentially diverse, rewarding and efficient, Obol has launched a series of infrastructures that empower operators globally with scalable tools for staking. Additionally, the ecosystem is powering some of the leading decentralized staking and yield farming protocols in the space while also offering validators at all levels access to the blockchain.
The central idea of Obol as a blockchain project is creating a decentralized ecosystem for operators at all levels. Hence, Its flagship product, the Obol DVT, powers block validation at different levels. It is compatible with liquid staking protocols, node validators, solo validators, and home stakers.
Key Features
- Decentralized infrastructure for staking: Obol is at the forefront of enhancing the efficacy and security of Layer-1 blockchains like Ethereum in today’s crypto place where anonymity protects identity, rendering it possible for a few centralized entities to be controlled without anyone knowing. Given its diverse framework, Obol operators are becoming the standard for running secure, resilient, and decentralized infrastructure networks.
- OBOL Token: Powering transaction and reward is the Obol Token. The Token is central to the governance and operation of the ecosystem, serving several utilities in the ecosystem. Being a governance token, holders get to participate in the DAO structure. Also, the OBOL token can staked for rewards. At the moment, the total supply of OBOL tokens is 500 million, with a sustainable token distribution and a token unlocking schedule that spans until 2028.
- Obol Product Suite: Obol preset stakers, node validators, and home stakers with modular tools that help them at every phase of running efficient and slashing-resistant nodes. For instance, the Charon (DV Middleware) is a tool compatible with any client combination and runs swiftly for consensus and validation.
What is Chainnodes?
Chainnodes is a leading blockchain infrastructure service provider dedicated to enhancing Decentralized Finance (DeFI) through blockchain decentralization. Using advanced technology, Chainnodes addresses key challenges like latency, security, and scalability, offering developers and operators access to sophisticated blockchain tools that make blockchain-based activities more efficient and accessible.
Partnering with leading protocols like Dappnode, EtherFi, and Obol, Chainnodes has been able to expand operation beyond providing blockchain RPC and API to integrating liquid staking for effective passive rewards, solo staking to provide everyone with both the nodes and hardware for efficient node validation and staking at home.
Key Features
- Multichain RPCs and APIs: Get access to RPC for blockchain interaction. With optimal shared and dedicated RPC nodes, developers can interact with different Layer-1, Layer-2 and Layer-3 blockchains, including Ethereum, Polygon, BSC chain, Arbitrum and zkLink Nova, securely. The Chainnodes Dedicated nodes feature practical protection tools from MEVs and other blockchain-related attacks, making it a suitable option for developers building sensitive applications and traders who are performing high-volume transactions.
- Liquid Staking: Chainnodes provide access to liquid staking on Ethereum. With extensive protocols that keep to uptime and security while reducing entry barriers, anyone can stake as little as 2Eth to support node validation on the Ethereum blockchain and earn rewards.
- On-chain data API: With Chainnodes RPCs, you can also add an on-chain data API that integrates The Graph, the leading data indexing tool, with your decentralized application to grant you access to blockchain data. Data can be synchronized with your system to ensure accuracy at all times.
CONCLUSION: WHERE DO OBOL AND CHAINNODES MEET?
The combination of Chainnodes and Obol implies an efficient and seamless decentralized ecosystem for operators. With Chainnodes complimenting Obol, operators can now access diverse tools all through one dashboard or account. However, Chainnodes has improved these node validation and staking operations to make it a lot more accessible and easy.
For instance, the Chainnodes Solostaking relies on Obol DVT; however, Chainnodes take several steps to ensure that we do not just introduce a staking system by eliminating the barriers of high staking requirements, complex technical knowledge, and demanding hardware configurations.