Staking Platform Moonstake Starts Supporting Polygon Blockchain April 15, 2022 April 15, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 15, 2022 by Kelly Cromley

Staking Platform Moonstake Starts Supporting Polygon Blockchain

It was just revealed that the Polygon Network would soon be supported by Moonstake. Moonstake Wallet users may now transfer, receive, and own MATIC coins and tokens on both the online and mobile versions of Moonstake Wallet. Polygon now has the ability to transmit, receive, and keep ORBS. In addition, as the staking platform presently supports ORBS staking on Ethereum, Moonstake is contemplating adding ORBS staking on Polygon Network.

Staking ORBS on both blockchains will now be possible via a single, secure, and user-friendly staking platform. For organizations and individuals, Moonstake is the most trusted source for decentralized wallet services. There are 28 platforms that have joined the Moonstake network, including Emurgo’s component Astar Network Stake Technologies, which developed the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network which has over half a billion users.

In May of 2021, Moonstake became a completely owned subsidiary of OIO Holdings Limited, a Singapore-listed corporation, significantly enhancing its corporate legitimacy. The goal of Moonstake, a blockchain-based digital asset management platform, is to make digital asset management tools accessible to the general public.

In terms of Ethereum scaling and infrastructure development, Polygon is the most popular platform. All main scaling and infrastructure solutions, including L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, standalone and enterprise chains, data availability solutions, and more, are available to developers via its increasing product portfolio.

In the staking market, which is expected to be worth $630 billion by September 2021, Moonstake offers a decentralized staking service that does not need deposits from users and supports nodes all over the globe in addition to its own validator nodes.. At the time of writing, Moonstake may stake on 16 different blockchains. In June of the same year, the business ranked third among more than 10,000 providers globally, with staked assets totaling $1.8 billion.

After launching its operations in 2020, Moonstake plans to build Asia’s biggest stake network. With over 2,000 digital currencies already supported, it has created the most user-friendly Web and Mobile Wallets (iOS/Android). As of right now, Moonstake supports 16 of the most popular staking tokens, including Cosmos, IRIS, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, Shiden, FIO, and EVER, in addition to the NFTs ERC-721 and Cardano NFTs.

Moonstake’s total staking assets grew swiftly to $1.8 Billion after a full-scale operation began in August 2020, and by June 2021, Moonstake was the world’s third best staking service out of 15,000 staking providers globally. Muse.Finance, a DeFi platform, was launched in March 2021, and the firm plans to continue expanding into the DeFi market.

Developers may construct user-friendly and secure decentralized applications (dApps) using Polygon’s decentralized Ethereum scaling platform. While previous multi-chain systems like as Polkadot, Cosmos, and Avalanche have also existed, Polygon is the first to combine Ethereum’s security and dynamic ecosystem with the openness of a multi-chain system. MATIC, the token of the ecosystem, offers strong security and allows for governance.

One of the largest blockchains for Web3 developers, Polygon has over 7,000 DApps in its developer ecosystem that includes a wide range of prominent names, like Dolce & Gabbana, OpenSea, and Mark Cuban’s Lazy.com, among others. Moonstake, the world’s largest staking service, is eager to give Polygon ecosystem members with new and exciting prospects with this integration.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.