Ethereum

Solana

EigenLayer

Jito

Foundation

<a href="https://bitcoinworld.co.in/jito-releases-open-source-restaking-service-for-solana/" title="Jito Releases Open-Source Restaking Service For Solana" rel="noopener noreferrer nofollow"></a>
Solana’s march toward restaking took a big leap Thursday, with infrastructure project Jito Foundation releasing the code for a staking and restaking program – the <a href="https://www.jito.network" rel="noopener noreferrer nofollow">network</a>‘s first.
The yet-to-implemented codebase allows any Solana-based protocol to use any asset for its economic security.
Restaking theoretically allows blockchain networks to utilize the value of other staked assets as a form of collateral to ensure they’re staying honest.
The yet-to-be-audited code from Jito should allow any protocol building on Solana to set up a mechanism for providing economic security to nearly any on-chain application, or “actively validated service” (AVS).&nbsp;
Notably, Jito’s code would allow users to secure AVSs using whatever crypto asset they choose.
Jito’s brand of restaking differs from the version popularized by EigenLayer on the Ethereum network, which restricts collateral to ETH, certain ETH derivatives and the platform’s native EIGEN tokens.
“The flexibility and customization allowed in this architecture will be especially useful for the most important customer of these systems – the AVSs,” said Lucas Bruder, a contributor at Jito Network.
A number of protocols and startups are seeking to build restaking services for Solana. Jito’s code release puts it in the lead, though people familiar with the project said that it had not implemented the code on the mainnet. That’s to come later this year.
&nbsp;

Jito Releases Open-Source Restaking Service For Solana

ItsBitcoinWorld

26 Tem 2024 tarihli diğer yazılar

JASMY Price Chart Signals Breakout of a Secondary Pattern, Uptrend Target Above $0.05 Expected

Internet Computer Price Prediction: ICP Soars 18% In A Month, But Analysts Say Consider This New ...

Sei Price At A Critical Zone: Breakout Or Breakdown Ahead

90% Chance of Interest Rate Cuts?📈 w/ Danielle DiMartino Booth

Ethereum ETF Didn’t Bite Like Bitcoins (BTC) ETF, ETH Price Stands Still, Investors Eyes Turn To ...

The Rise and Fall of Celebrity Tokens on Solana

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!