The Everstake Journey: From a Start-Up to Worldwide Leader

What is Everstake?

Everstake is a well-known Proof-of-Stake (PoS) infrastructure and Validator provider, allowing users to stake their coins securely. The design of the Everstake network is to accommodate the increasing number of institutional investment firms and regular users entering the market. Therefore, it employs advanced security protocols to protect your crypto. The network was created in 2018 to help institutional investors and average individuals earn money by staking their digital assets. Attic Lab, a Ukrainian company with a good reputation in the cryptocurrency community for producing EOS blocks, created it. Reviews from different users show that the platform lives up to its name.

How Does Everstake Work?

Everstake uses enterprise-grade hardware to ensure maximum security and performance. In addition, the platform's interface is straightforward and devoid of bells and whistles. As a result, you can quickly and easily find the information you need to improve your staking strategy. Thus, Everstake achieves its goal of enabling investors to wager and profit from PoS digital assets. Different services provided by the protocol include:

Staking 

Everstake provides staking services that do not involve custody. You can communicate directly with staking pools from your wallet using the protocol. However, hackers remain uninterested in Everstake as there is no large community wallet to target.

Delegate

Each year, anyone who gives their coins to Validators can earn between 5 and 20 percent on the platform. As a result, Delegated Proof of Stake (DPoS) networks on the platform are becoming more popular. Unlike other alternatives to PoS, these networks permit ordinary speculators to send their coins to Validators. When these validators receive more delegated tokens, their voting power and winning chances increase.

Problems Everstake is Trying to Solve

The Everstake platform enables users to avoid some of the most common errors in the industry. By securing Proof-of-Stake (PoS) networks, the network's open staking strategy aims to make it easier for people to obtain money and permit anyone to earn passive income. For instance, the platform's interface is user-friendly and provides users with access to all the essential data they need to ensure ROIs. The platform is also great because it does not require a significant investment in hardware. However, in most instances of staking, you need expensive hardware to keep your node operational.

Most Proof-of-Stake (PoS) networks will penalize you if your node is not operational at least 95% of the time. On the other hand, the cloud-based strategy of Everstake ensures that professionals who are proficient with the newest software and hardware manage your node.

Why Stake on the Platform?

Everstake is one of the best validators in Ukraine and the world. The platform reflects this with a minimalist design that allows users to concentrate on its functions rather than how it looks. Last year, investors staked more than $3 billion worth of digital assets on the platform. Additionally, it had produced up to 12,861,660 blocks and has paid out $2,201,218. As a result, over 325,000 individuals have faith in this platform.

The numbers are impressive, but the platform also offers a vast array of staking options unavailable elsewhere. The platform supports over 45 blockchains, which allows you to stake on most Proof-of-Stake networks. The platform is one of the top five Validators for Tezos, Solana, EOS, and the Casper Network in terms of staking. Additionally, it ranks among the top ten for Elrond, Persistence, and the Cardano staking pool. Apart from that, it also ranks among the top fifteen for Cosmos, Zilliqa, Harmony Protocol, and KiChain. In addition, it is among the top twenty validators for Oasis, Icon, Terra, and other systems.

Customer Support

On the Everstake website, you can quickly determine how much a pool pays and obtain answers to several questions. You can find all the information necessary to make an informed decision on the platform. A reward calculator will tell you how much you will earn if you employ a particular strategy. A group of highly skilled and experienced software engineers and fintech experts collaborate to ensure the security and dependability of the Everstake platform. In addition, no matter how long you've been using the platform, each blockchain has its team of DevOps and blockchain managers who can assist you with any technical issues.

Everstake Explorers

Everstake has created explorers such as the Tez tracker, Oasis monitor, Icon Vote Monitor, Cosmoscan, etc., and is currently developing additional explorers, such as the Harp harmony — Polkadot bridge and the Wormhole Terra — Solana bridge, which will both improve Everstake's services.

Is Everstake Safe?

Staking is dependent on the reliability of the nodes, and Everstake has a solid reputation in this regard. The enterprise-level servers of the platform in various locations are renowned for their efficiency. In addition, the platform's topology is so advanced that it functions 99.99 percent of the time. This means that if you use Everstake, you will never lose rewards.

Everstake has the best Proof-of-Stake (PoS) security system, and when people give validators money, they don't have to worry about losing it because validators cannot access it. The only money you can lose with Everstake is the money you don't stake. The learning center is another resource for learning more about Everstake and blockchain staking in general. Donors to Everstake can use this page to learn more about staking, nomination, and voting operations on the various blockchains for which Everstake is a validator.

How to use Everstake

To begin using Everstake, you must first navigate to the platform and click the Register button on the upper right corner. This will display a screen requesting your email address and password. Additionally, you must agree to abide by the platform's terms and conditions.

After registration, you can begin staking your coins. You can view the current status of the network by scrolling down the homepage. Notably, the current value of the network's assets is $6,200,000,000. Under each number is a list of coins that can be used. Each box will contain the network and a percentage. Additionally, there is a button labeled "Stake Now." After clicking the button, you will be taken to a technical page containing the staking address, instructions for delegating your coins, answers to frequently asked questions, and real-time statistics.

Ensure you add the address of your wallet and the staking amount. If you are unsure of the amount, you can use the calculator to determine the profits you will make after staking a particular amount.

You can also examine your daily, monthly, and yearly rewards to determine how much you earn. You can choose the amount you wish to stake, and any profits you make will be deposited directly into your wallet.

Conclusion

Even though there are other staking platforms, Everstake is still one of the best. It provides all of the information and features you'll need to invest wisely, and you can rest assured that your digital assets are safe thanks to the platform's excellent security.