[ANN] Blox Staking - Ethereum 2.0 Fully Non-Custodial Staking - page 4.

oliverlott

jr. member

Activity: 115

Merit: 1

Quote from: mirsad786 on April 14, 2021, 11:59:57 PM

Quote from: oliverlott on April 14, 2021, 11:57:09 PM

Quote from: iyvcgm on April 14, 2021, 11:52:57 PM

Quote from: oliverlott on April 14, 2021, 11:49:06 PM

The platform allows to control all validators, also, it’s fully local. It also improves operational stability of a validator and minimizes the risks.

Is there any info on how one can influence operation of a validator?

A decentralized system doesn’t allow to fully control it. Scammers can influence it insignificantly, but, in most cases, the problem is fixed quickly and you have no reasons to worry.

I heard that it’s easy to hack a validator that’s why I can’t trust the platform.

Given that the system is decentralized, scammers won’t be able to fully control it. They can’t intercept files or steal ETH.

mirsad786

member

Activity: 103

Merit: 10

Quote from: oliverlott on April 14, 2021, 11:57:09 PM

Quote from: iyvcgm on April 14, 2021, 11:52:57 PM

Quote from: oliverlott on April 14, 2021, 11:49:06 PM

The platform allows to control all validators, also, it’s fully local. It also improves operational stability of a validator and minimizes the risks.

Is there any info on how one can influence operation of a validator?

A decentralized system doesn’t allow to fully control it. Scammers can influence it insignificantly, but, in most cases, the problem is fixed quickly and you have no reasons to worry.

I heard that it’s easy to hack a validator that’s why I can’t trust the platform.

oliverlott

jr. member

Activity: 115

Merit: 1

Quote from: iyvcgm on April 14, 2021, 11:52:57 PM

Quote from: oliverlott on April 14, 2021, 11:49:06 PM

The platform allows to control all validators, also, it’s fully local. It also improves operational stability of a validator and minimizes the risks.

Is there any info on how one can influence operation of a validator?

A decentralized system doesn’t allow to fully control it. Scammers can influence it insignificantly, but, in most cases, the problem is fixed quickly and you have no reasons to worry.

iyvcgm

newbie

Activity: 41

Merit: 0

Quote from: oliverlott on April 14, 2021, 11:49:06 PM

The platform allows to control all validators, also, it’s fully local. It also improves operational stability of a validator and minimizes the risks.

Is there any info on how one can influence operation of a validator?

oliverlott

jr. member

Activity: 115

Merit: 1

Quote from: iyvcgm on April 14, 2021, 11:46:04 PM

Quote from: oliverlott on April 14, 2021, 12:38:37 AM

Quote from: iyvcgm on April 14, 2021, 12:23:38 AM

Quote from: oliverlott on April 14, 2021, 12:18:53 AM

Quote from: iyvcgm on April 14, 2021, 12:16:16 AM

I’m new here, I have a couple of questions about the system. Will I have control over it or will the company manage it, too?

It’s the user to have control over the system. The platform is needed to gather all validators in one place and manage them, it’s also responsible for technical aspects, for example, it helps to organize operation of a validator.

Thanks, but I have one more question. Why is it needed to confirm every action with the help of a validator?

The company isn’t responsible for your activities, that’s why confirmation is needed. Only the user can confirm actions. For example, you will have to confirm validator’s request in your personal account.

How is that level of safety reached?

The platform allows to control all validators, also, it’s fully local. It also improves operational stability of a validator and minimizes the risks.

iyvcgm

newbie

Activity: 41

Merit: 0

Quote from: oliverlott on April 14, 2021, 12:38:37 AM

Quote from: iyvcgm on April 14, 2021, 12:23:38 AM

Quote from: oliverlott on April 14, 2021, 12:18:53 AM

Quote from: iyvcgm on April 14, 2021, 12:16:16 AM

I’m new here, I have a couple of questions about the system. Will I have control over it or will the company manage it, too?

It’s the user to have control over the system. The platform is needed to gather all validators in one place and manage them, it’s also responsible for technical aspects, for example, it helps to organize operation of a validator.

Thanks, but I have one more question. Why is it needed to confirm every action with the help of a validator?

The company isn’t responsible for your activities, that’s why confirmation is needed. Only the user can confirm actions. For example, you will have to confirm validator’s request in your personal account.

How is that level of safety reached?

oliverlott

jr. member

Activity: 115

Merit: 1

Quote from: iyvcgm on April 14, 2021, 12:23:38 AM

Quote from: oliverlott on April 14, 2021, 12:18:53 AM

Quote from: iyvcgm on April 14, 2021, 12:16:16 AM

I’m new here, I have a couple of questions about the system. Will I have control over it or will the company manage it, too?

It’s the user to have control over the system. The platform is needed to gather all validators in one place and manage them, it’s also responsible for technical aspects, for example, it helps to organize operation of a validator.

Thanks, but I have one more question. Why is it needed to confirm every action with the help of a validator?

The company isn’t responsible for your activities, that’s why confirmation is needed. Only the user can confirm actions. For example, you will have to confirm validator’s request in your personal account.

iyvcgm

newbie

Activity: 41

Merit: 0

Quote from: oliverlott on April 14, 2021, 12:18:53 AM

Quote from: iyvcgm on April 14, 2021, 12:16:16 AM

I’m new here, I have a couple of questions about the system. Will I have control over it or will the company manage it, too?

It’s the user to have control over the system. The platform is needed to gather all validators in one place and manage them, it’s also responsible for technical aspects, for example, it helps to organize operation of a validator.

Thanks, but I have one more question. Why is it needed to confirm every action with the help of a validator?

oliverlott

jr. member

Activity: 115

Merit: 1

Quote from: iyvcgm on April 14, 2021, 12:16:16 AM

I’m new here, I have a couple of questions about the system. Will I have control over it or will the company manage it, too?

It’s the user to have control over the system. The platform is needed to gather all validators in one place and manage them, it’s also responsible for technical aspects, for example, it helps to organize operation of a validator.

iyvcgm

newbie

Activity: 41

Merit: 0

I’m new here, I have a couple of questions about the system. Will I have control over it or will the company manage it, too?

oliverlott

jr. member

Activity: 115

Merit: 1

Quote from: kreon149 on April 12, 2021, 11:02:54 PM

Quote from: 15262kk on April 12, 2021, 10:59:36 PM

If it’s local, where are the keys stored?

They are stored in a cloud storage created for every new user.

You forgot to say that the system minimizes the risks and increases profitability.

kreon149

jr. member

Activity: 31

Merit: 1

Quote from: 15262kk on April 12, 2021, 10:59:36 PM

If it’s local, where are the keys stored?

They are stored in a cloud storage created for every new user.

15262kk

newbie

Activity: 20

Merit: 1

Quote from: kreon149 on April 12, 2021, 10:57:06 PM

Quote from: 15262kk on April 12, 2021, 10:53:05 PM

Quote from: kreon149 on April 12, 2021, 01:20:51 AM

Quote from: 15262kk on April 12, 2021, 01:18:31 AM

Thank you very much guys, but I have more questions now. I’ve just started studying the project, that’s why I have so many questions. What is SSV needed for? Why not to use the technologies everyone is used to?

SSV is better for ETH architecture and it also allows to create validator keys safely. Other technologies can’t ensure similar stability and safety level.

How do they ensure high level of safety?

You use the platform to fully control all validators. This is a local app, that’s why the safety level is very high.

If it’s local, where are the keys stored?

kreon149

jr. member

Activity: 31

Merit: 1

Quote from: 15262kk on April 12, 2021, 10:53:05 PM

Quote from: kreon149 on April 12, 2021, 01:20:51 AM

Quote from: 15262kk on April 12, 2021, 01:18:31 AM

Thank you very much guys, but I have more questions now. I’ve just started studying the project, that’s why I have so many questions. What is SSV needed for? Why not to use the technologies everyone is used to?

SSV is better for ETH architecture and it also allows to create validator keys safely. Other technologies can’t ensure similar stability and safety level.

How do they ensure high level of safety?

You use the platform to fully control all validators. This is a local app, that’s why the safety level is very high.

15262kk

newbie

Activity: 20

Merit: 1

Quote from: kreon149 on April 12, 2021, 01:20:51 AM

Quote from: 15262kk on April 12, 2021, 01:18:31 AM

Thank you very much guys, but I have more questions now. I’ve just started studying the project, that’s why I have so many questions. What is SSV needed for? Why not to use the technologies everyone is used to?

SSV is better for ETH architecture and it also allows to create validator keys safely. Other technologies can’t ensure similar stability and safety level.

How do they ensure high level of safety?

kreon149

jr. member

Activity: 31

Merit: 1

Quote from: 15262kk on April 12, 2021, 01:18:31 AM

Thank you very much guys, but I have more questions now. I’ve just started studying the project, that’s why I have so many questions. What is SSV needed for? Why not to use the technologies everyone is used to?

SSV is better for ETH architecture and it also allows to create validator keys safely. Other technologies can’t ensure similar stability and safety level.

15262kk

newbie

Activity: 20

Merit: 1

Quote from: oliverlott on April 12, 2021, 01:02:44 AM

Quote from: kreon149 on April 12, 2021, 12:59:43 AM

Quote from: 15262kk on April 12, 2021, 12:52:00 AM

I have a couple of questions regarding the system. How to pay for a validator? How many ETH do I need to have for withdrawal?

You pay for a validator when setting it up. You’ll see a form and fill out the data. The validator will be activated once payment is made.

You need no less than 32 ETH to get started. They promise to reduce the threshold in the future, but I can’t say when it’ll happen because there’s no info so far.

Thank you very much guys, but I have more questions now. I’ve just started studying the project, that’s why I have so many questions. What is SSV needed for? Why not to use the technologies everyone is used to?

oliverlott

jr. member

Activity: 115

Merit: 1

Quote from: kreon149 on April 12, 2021, 12:59:43 AM

Quote from: 15262kk on April 12, 2021, 12:52:00 AM

I have a couple of questions regarding the system. How to pay for a validator? How many ETH do I need to have for withdrawal?

You pay for a validator when setting it up. You’ll see a form and fill out the data. The validator will be activated once payment is made.

You need no less than 32 ETH to get started. They promise to reduce the threshold in the future, but I can’t say when it’ll happen because there’s no info so far.

kreon149

jr. member

Activity: 31

Merit: 1

Quote from: 15262kk on April 12, 2021, 12:52:00 AM

I have a couple of questions regarding the system. How to pay for a validator? How many ETH do I need to have for withdrawal?

You pay for a validator when setting it up. You’ll see a form and fill out the data. The validator will be activated once payment is made.

15262kk

newbie

Activity: 20

Merit: 1

I have a couple of questions regarding the system. How to pay for a validator? How many ETH do I need to have for withdrawal?

Topic: [ANN] Blox Staking - Ethereum 2.0 Fully Non-Custodial Staking - page 4. (Read 643 times)