Blockshard is a premier Web3 infrastructure provider based in Switzerland. They are committed to delivering enterprise-grade security and reliability for all your staking needs. Blockshard offers a reliable and secure staking service, providing proven track record, high uptime, advanced security measures, competitive staking rewards, customer support, automated and compounding rewards, and governance participation.
- Overview
- Mission
- Services
- Staking Services
- Validator Infrastructure
- Non-Custodial Solutions
- Custom Blockchain Solutions
- Supported Networks
- Staking process
- Choose a Supported Network
- Deposit Cryptocurrencies
- Delegate or Self-Stake
- Monitor Staking Rewards
- Security and Trust
- Non-Custodial Approach
- Validator Infrastructure
- Industry Experience
- Audited Validators
- Transparent Information
- Active Community Engagement
Overview
Blockshard is a Switzerland-based company that provides reliable and secure staking services for proof-of-stake (PoS) blockchains. Previously known as LetzBake, it is a founding member of UnitedBloc, a global alliance of professional validator organizations that offer custom blockchain solutions, RPC, and white label nodes across 75+ blockchains.
Blockshard allows its users to earn rewards by staking their cryptocurrencies and has partnered with top industry protocols like Tezos, Cosmos, Polkadot, and Kusama. The company provides a non-custodial staking service, which means users retain full control over their assets, while Blockshard ensures their safety.
As of September 2021, Blockshard has been rated AA and achieved a staked value of over $1.3 million in 90 days.
Mission
The mission of Blockshard is to provide accessible and user-friendly staking services for holders of various cryptocurrencies. Their aim is to simplify the process of participating in staking and make it more inclusive for a broader range of users. By offering a secure and reliable infrastructure for validating transactions on different blockchain networks, Blockshard contributes to the growth and decentralization of these networks.
Blockshard also focuses on promoting transparency and trust within the blockchain ecosystem. By providing information about validators' infrastructure and performance, they enable users to make informed decisions while selecting validators to delegate their tokens to. This transparency helps foster a sense of trust between users and the staking service.
Overall, the mission of Blockshard is to make staking accessible, secure, and user-friendly, thereby encouraging wider participation and accelerating the adoption of blockchain technology.
Services
Blockshard offers a range of services focused on providing reliable and secure staking solutions for proof-of-stake (PoS) blockchains. Here are some key services provided by Blockshard:
Staking Services
Blockshard allows users to stake their cryptocurrencies on various PoS blockchains, enabling them to earn staking rewards. By participating in staking through Blockshard, users can contribute to the security and governance of the supported blockchain networks.
Validator Infrastructure
Blockshard provides professional validator infrastructure for multiple blockchains. They ensure high availability, security, and scalability of the staking infrastructure, allowing users to delegate their tokens to Blockshard's validators and participate in staking without the technical complexities.
Non-Custodial Solutions
Blockshard offers non-custodial staking services, giving users full control over their assets. With their non-custodial setup, users retain ownership of their tokens while Blockshard securely manages the technical aspects of the staking process.
Custom Blockchain Solutions
As a member of UnitedBloc, Blockshard collaborates with other professional validator organizations to offer custom blockchain solutions. These solutions include RPC (Remote Procedure Call) services and white label nodes for various blockchains, assisting businesses and projects in deploying and managing their own blockchain infrastructure.
It's worth noting that Blockshard partners with and supports a wide range of blockchains, including Tezos, Cosmos, Polkadot, Kusama, and many others. By providing their services across multiple blockchains, Blockshard offers users access to a diverse set of staking opportunities.
Supported Networks
Blockshard supports a wide range of blockchain networks for staking and provides validator infrastructure for these networks. Here are some of the supported networks:
Tezos (XTZ)
Cosmos (ATOM)
Polkadot (DOT)
Kusama (KSM)
Solana (SOL)
Terra (LUNA)
Avalanche (AVAX)
Harmony (ONE)
Mina Protocol (MINA)
Elrond (EGLD)
NEAR Protocol (NEAR)
Celo (CELO)
Algorand (ALGO)
Flow Network (FLOW)
Avalanche (AVAX)
and more...
These are just a few examples, and Blockshard supports staking services for additional networks as well. It's recommended to visit the Blockshard website or contact their team directly for an updated and comprehensive list of supported networks.
Staking process
The staking process with Blockshard typically involves the following steps:
Choose a Supported Network
First, you would need to determine which blockchain network supported by Blockshard you want to stake your tokens on. Blockshard supports a variety of networks, as mentioned in the previous response.
Create an Account
Register an account with Blockshard by providing the required information. This may include your email address, username, and password.
Deposit Cryptocurrencies
Transfer the desired amount of the supported cryptocurrency to your Blockshard wallet. The specific deposit process may vary depending on the network you choose and the instructions provided by Blockshard.
Delegate or Self-Stake
Once your tokens are deposited, you can choose to either delegate them to Blockshard's validators or self-stake them. Delegating your tokens involves assigning them to Blockshard's validators, while self-staking allows you to manage the staking process yourself.
Monitor Staking Rewards
As your tokens are staked, you can monitor your staking rewards through the Blockshard platform. Staking rewards are typically distributed based on the network's staking protocol, and Blockshard facilitates the distribution to their users.
It's important to note that the specific staking process may vary depending on the supported network and any unique requirements or features of each blockchain. Blockshard aims to simplify the staking process for users, providing a secure and user-friendly interface to participate in staking.
Security and Trust
Blockshard emphasizes security and trust in their staking services. Here are some points regarding the security measures and trustworthiness of Blockshard:
Non-Custodial Approach
Blockshard operates on a non-custodial model, which means that users retain control and ownership of their staked assets. This reduces the risk associated with traditional custodial solutions where users have to transfer their assets to a third party.
Validator Infrastructure
Blockshard maintains a professional validator infrastructure for the supported blockchain networks. This infrastructure is designed to ensure high availability, security, and scalability, thereby mitigating potential risks and vulnerabilities.
Industry Experience
The team behind Blockshard consists of experienced professionals in the blockchain and cybersecurity domains. Their expertise allows them to implement stringent security measures and best practices to safeguard user assets and data.
Audited Validators
Blockshard strives to work with audited validators who have undergone external security audits. These audits help assess the security and reliability of the validators' infrastructure and ensure that it meets industry standards.
Transparent Information
Blockshard provides transparent and open access to information about their validators, including details about their infrastructure, performance, and uptime. This transparency enables users to make informed decisions when selecting validators to delegate their tokens to.
Active Community Engagement
Blockshard actively engages with the community and encourages an open dialogue. They provide regular updates, share insights on the staking process, and address any concerns or queries raised by their users, thereby fostering trust and transparency.
It's worth mentioning that while Blockshard implements various security measures, no system is completely immune to risks. Users should also take precautions on their end, such as using secure passwords, enabling two-factor authentication, and regularly updating their security settings.