DeFi leader’s mishap sees his Eth2 validator subjected to 'continuous slashing'
Slashing is one of the big risks of staking on ETH 2.0, find out how to avoid it. One of the most prominent figures in the decentralized finance community has suffered validator penalties on the Ethereum 2.0 network after a mishap with his DappNode's power button.DeFi protocol Synthetix founder, Kain Warwick, reported on Twitter that he’d discovered that his Ethereum node hardware had been accidentally switched off which caused him to lose ETH through “continuous slashing” over a number of days. He blamed his toddler, or his robotic vacuum cleanerSo my toddler or my Roomba decided to push....
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A company providing nodes for Eth2 stakers was penalized for breaking safety protocols in the pursuit of higher performance. Staking infrastructure provider Staked said it had learned “an expensive lesson” after 75 of its Eth2 validators were slashed on Feb. 4 from the staking pool as punishment for producing competing blocks. In a statement, Staked took the blame for the “technical issue” and said its customers would be “fully compensated”. The company will pay the penalty of 18 ETH, which is around $29,000 at current prices.An unanticipated reaction to configuration changes caused....
A recent slashing of Ethereum from different validators has reignited the debate around staking models, with many pointing to Cardano’s more resilient structure as a key differentiator. While Ethereum’s system penalizes validators for downtime or misbehavior, Cardano’s staking approach avoids such risks, offering delegators security without the fear of losing funds. Why Simplicity And Resilience Are Cardano’s Key Advantages On September 10, a slashing of 11.7 ETH from 39 Ethereum validators highlights the advantages of Cardano’s staking structure. Crypto analyst Dori has highlighted on X....
Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as today’s exchange rates show the 32 ether to get started will run a user more than $84k. More Than $13 Billion Worth of Ether Locked Into the Eth2 Deposit Contract Ethereum users have added quite a bit of ether to the “Eth2 deposit contract,” as....
The Altair upgrade later this month will be the first update to the Beacon Chain, marking the first preparatory move for the upcoming Merge. The price of Ether (ETH) nearly hit a new all-time high on Oct. 21 before falling below $4,000 after the $435-million options expiry on Oct. 22 soured the mood. The Ethereum network is set to take another step toward Ethereum 2.0 on Oct. 27 at epoch 74240 with the Altair upgrade to Beacon Chain. Eth2 will be an entirely proof-of-stake (PoS) network, for which the community has been gearing up for over a year now.As per an Ethereum Foundation blog post....
Hosting an Eth2 node is a big responsibility — and if things go wrong, this could result in some painful penalties. How does a hosting provider tackle the dangers of running your own node?Allnodes can offer an affordable alternative to doing everything yourself, reducing the risks of financial penalties and slashing.The company offers an intuitive user interface, and two easy-to-understand hosting plans to ensure that customers can make an informed decision. This is coupled with support teams who are online 24/7, all year round, and free node maintenance with instant and unlimited....