SINGAPORE, September 19, 2022 – (ACN Newswire) – Today, Moonstake is excited to announce that we will be officially supporting the Ethereum merger. This event marks the full transition of the Ethereum network to proof-of-stake and will finally allow users to invest and earn with their ETH fortunes. We are proud to be one of the first platforms worldwide to officially support the new Proof-of-Stake ETH.
The merger of Ethereum will undoubtedly bring exciting developments for the market as well as many benefits for crypto users. We have an insight article here (https://moonstake.io/everything-about-ethereum-merge/) about the implications of this event and why it should interest you, so check it out if you’re interested.
Moonstake users don’t need to do anything to access the new Proof-of-Stake ETH. All your ETH funds on Moonstake will remain safe when the merger takes place.
Moonstake started the staking business last year with the goal of creating the largest staking network in Asia. Since then we have developed the most user-friendly web wallet and mobile wallet (iOS / Android) with support for over 2000 cryptocurrencies. After launching a full-scale operation in August 2020, Moonstake’s total staking assets have quickly grown to $1 billion, making Moonstake one of the top 10 staking providers in the world. Since March this year, Moonstake has also entered DeFi along with newly launched DeFi platform Muse.Finance, which has started releasing its key DeFi products, all of which are set to be integrated into the Moonstake platform to offer our global users a enable enhanced DeFi connectivity.
Founded in July 2015, Ethereum has long been a leader in the industry with Bitcoin as the most popular digital asset. The Ethereum network has been running on the Proof-of-Work consensus algorithm like Bitcoin since its inception, but is now transitioning to Proof-of-Stake. The benefits of The Merge include a massive 99.95% reduction in network energy consumption and ultimately lower fees and faster transaction speed for users as the upgrade sets the stage for future scaling upgrades including sharding.
Moonstake Wallet has always supported the staking assets available on the Ethereum chain, such as ORBS and CENNZ. By becoming one of the first platforms to support Proof-of-Stake Ethereum, Moonstake further demonstrates its commitment to providing the best experience for crypto users.
Moonstake is the world’s leading staking service provider, developing and operating decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano’s constituent Emurgo, developers of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON network with over 50 million users. In May 2021, Moonstake further strengthened its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a Singapore Stock Exchange listed company.
Using blockchain technology, Moonstake aims to achieve a world where everyone can easily use highly secure and reliable digital asset management tools. https://www.moonstake.io/
About Moonstake’s staking business
For the staking industry, which has grown into a $630 billion market as of September 2021, Moonstake provides a decentralized staking service that requires no user deposits and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports staking of 17 blockchains. With total staking assets of $1.8 billion and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
Ethereum is a technology for building apps and organizations, holding assets, trading and communicating without being controlled by a central authority. You don’t have to share all of your personal information to use Ethereum – you remain in control of your own data and what is shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network. https://ethereum.org/
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