Topic: Ethernity Cloud: Decentralized Cloud Computing Staking Process (Read 46 times)

Ethernity CLOUD ecosystem welcomes both stakers and node operators. The base stake, a mandatory minimum of 1,976 ETNY tokens, is required for creating an operational node and is exclusively dedicated to node operators' rewards. Penalties may apply to the base stake if the node is inactive or malfunctioning, emphasizing the need for preventive measures. The extended staking process allows token holders to allocate ETNY tokens to node operators. A node requires a minimum stake of 5,000 ETNY, combining the base stake and the minimum extended stake of 3,024 ETNY. The extended stake involves allocating tokens to nodes through their Staking dApp. An agreement is established between the extended stake provider and the node operator, determining the reward split, which must be attractive to ensure acceptance. There is a maximum limit of 75,000 ETNY that can be staked on each node, covering both base and extended stake. Staking rewards are contingent on the node's full functionality, and the extended stake faces no penalties if the node is inactive or malfunctioning. This structure aims to incentivize active and reliable participation in the Web 3.0 decentralized confidential computing ecosystem.


Ethernity Cloud has staking on nodes but it just not focuses on staking and has a whole technology focusing on privacy and decentralization of cloud computing and has also recently introduced the MinD Hackathon, dedicated to innovate the fields of security education, curbing misinformation & humanitarian assistance.