Hi all, Sifchain seems to have decided to continue, so we’ll continue providing validator services on the network. Follow our announcement channel at https://t.me/merakannounce to kepp yourself informed Thanks for your support.
Shutting down operations on Sifchain
Hi all, Because of current Sifchain status, lack of clear roadmap and development, we’re ceasing operations on 31 December. This is not the only movement here as it has been preceded by other validators with similar feelings about this. Good luck and see you on other chains! Thanks for your support.
Cosmos ecosystem and restake
Introduction In this presentation we’re going to cover some of the basics of Cosmos ecosystem and what is the work of validators and what they provide. What is Cosmos? Ecosystem based on consensus Uses Tendermint code for Consensus: 2/3 of voting power must agree What problems can chain have? Centralization (too few validators have > 66% voting power) Chain halt because of lost keys or DoS Security issues (on apps or in cosmos itself) Ecosystem Cosmos is a very rich ecosystem that can be interconected via IBC Many different projects and goals: ATOM, NYM, Sifchain, UMEE, Evmos, GenesisL1, Juno, Osmosis, etc Many projects perform airdrops to stakers in other projects What is a validator?...
How to restake?
As you already know, staking allows you to get rewards by depositing your tokens on a validator. Merak has restake support enabled, so it’s your turn to take profit of it! First you need to delegate tokens to the validator in the traditional way, either via restake.app or via your preferred wallet. If you’re using restake you’ll see a dialog similar to this: Once it’s done, if you visit the list of delegations, it will show that Auto-compounding requires to fix permissions:...
Arable Testnet Validator
Visit at https://testnets.cosmosrun.info/bamboo_9000-1/staking/acrevaloper12plax5cvywtpnmdaqpkmnk3llpwhu77df7ghxx.