Celsius Network and Battlestar Capital launch new crypto staking service

Battlestar Capital, a financial services company specializing in staking, security and strategy and Celsius Network one of the largest crypto lending platforms in the market, today have launched a new crypto staking service with yields of up to 30 percent for their passive crypto holdings.

Staking is the mining of PoS (Proof of Stake) coins. In other words, it is the practice of placing cryptocurrencies into a digital wallet, which is used to validate transactions in exchange for rewards in the form of coins.

“After Bitcoins significant 85 percent price drop, investors looked to diversify their portfolio through staking other coins. PoS coins has emerged as a profitable avenue for investors – including Bitcoin maximalists – to gain sizeable yield with their passive holdings,” said Adam Carver, CEO of Battlestar Capital, which has been privately participating in PoS networks since December 2017 when its founders developed a series of algorithms to optimize staking rewards.

Over the course of the next three months, Celsius Network, which has managed over $850 million in crypto loans since its launch in June 2018, aims to add at least five PoS tokens to their existing 17 assets. Among the coins targeted are Tezos, Zcoin, Decred, Horizen, and Cardano.

Dash recently went live in the Celsius Network wallet gaining an average 7.5 percent yield for their customers.

“We chose to work Battlestar because in staking, as with stocks, premier managers consistently generate above average yield for investors than the average fund or individual retail investor. Battlestar’s world-renowned tech and cybersecurity team also ensure that we are in safe hands with them,” said Alex Mashinsky, CEO of Celsius Network.

Individuals and funds who do not have the expertise or time to manage the day-to-day tasks of staking would benefit from Battlestar’s ‘Staking-as-a-Service’ offering because it not only protects investor digital holdings, but generates portfolio yield and shares insight on market conditions.

“Most custody players sidestep staking, and most staking agencies avoid custody because of the risks. Battlestar strategically combines both under one roof,” said Meltem Demirors, CoinShare executive and Battlestar Capital Advisor

The key issue in launching a multi-asset staking business is protecting client private keys. To accomplish this, Battlestar implemented a customized form of Secure Multi-Party Computation (MPC) adapted for the purpose of securing assets based on advanced cryptography.

“MPC is the ‘holy grail’ of modern applied cryptography. Battlestar’s custom-build form of MPC security is compatible with all known form functions of staking and can further be used to secure other tokens and digital assets in a more accessible way than that of cold storage,” said Uri Stav, Battlestar Capital advisor on security and cryptography.

Staking or hosting masternodes can be challenging for non-technical investors who want to reap the rewards without dealing with the hassle of secure custody and uptime.

“Battlestar makes hosting masternodes, like Zcoin’s Znodes, more accessible. Their solution provides a holistic enterprise level custodial protection solution. One of their unique features is the use of a secure MPC key solution, which fragments a private key and stores its pieces separately to eliminate the risk of a single entry point.” said Reuben Yap, COO of Zcoin, a privacy coin, which Battlestar has masternode support for and also will be added to Celsius Network’s platform in the coming months.

The views and opinions expressed in this article Celsius Network and Battlestar Capital launch new crypto staking service do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research. In rounding off this piece Celsius Network and Battlestar Capital launch new crypto staking service, here’re the Top prominent words: Battlestar Capital. Battlestar Capital Advisor. Battlestar Capital Launch. Battlestar Capital Launch New Crypto. Capital Launch New Crypto. Capital Launch New Crypto Staking. Celsius Network. Celsius Network And Battlestar. Celsius Network And Battlestar Capital. Crypto Staking Service. Launch New Crypto Staking. Launch New Crypto Staking Service. Network And Battlestar. Network And Battlestar Capital. Network And Battlestar Capital Launch. New Crypto Staking. New Crypto Staking Service. Staking Service.

Aren’t You Curious How’s Your Favorite Cryptocurrency Performing Today on October 25, 2020?

Check out 48coins price analysis category on 48coins. Explore price predictions from all industry experts. Select your favorite cryptocurrency for more data, such as crypto exchanges, historical data, charts, FIAT converter, social hype and much more!

Real Time Data at Your Fingertips
#CoinPricePrice Graph (7D)
1$ 13,285.22
2$ 415.17
3$ 1.00
4$ 0.257188
5$ 275.73
6$ 12.82
7$ 30.75
8$ 4.44
9$ 58.42
10$ 0.108389

Leave a Reply