Categories: Press Release

Caldera launches Guardian Nodes, creating a new path for teams to raise funds and decentralize their network

San Francisco, United States, May 24th, 2024, Chainwire

Read CRYPTONEWSLAND on google news

  • Rollup-as-a-Service platform Caldera is launching Guardian Nodes, a production-ready node system that enables network users to verify rollup blocks for rewards.
  • HYCHAIN, the first team to leverage this system with Caldera, generated $8 million from their initial node sale.

Caldera, the leading Rollup-as-a-Service (RaaS) platform, currently powers over fifty EVM rollups (including Manta, Injective inEVM, Kinto, HYCHAIN, Treasure, and ApeChain) that secure ~$1B in total value locked.

Along with their core rollup infrastructure, Caldera offers a catalog of over 50 integrations across the modular stack and an assortment of other custom user-facing tools for chains to leverage. 

Guardian Nodes are the latest addition to that list.

The Background

Today, the majority of L1 blockchains operate using a proof-of-stake model, where a chain’s participants are incentivized via network rewards to lend their stake and validate the chain.

This incentive structure fosters decentralization by encouraging individual stakers to operate honest validators, while punishing those who don’t, making for an extremely high cost to attack a network and compromise its security.

Decentralizing Rollups

EVM rollups have all but solved the scalability problem, with L2s and L3s on Ethereum enabling virtually infinite scale. But, there’s still no incentive for honest network participants to monitor these rollups.

Caldera’s Guardian Nodes allow teams to decentralize their rollups by enabling users to verify blocks and secure the network in exchange for rewards. Under the hood, this is accomplished by introducing a novel “light verifier” to Arbitrum rollups that allows Guardian Node operators to verify Nitro batches on everyday hardware without needing to run a full node.

Teams can launch Guardian Nodes to their users through a “Node Sale”, which distributes “keys” that authenticate a node’s eligibility to submit claims and earn rewards, granting purchasers the ability to operate a Guardian Node on a given rollup.

HYCHAIN, the first team to leverage this system, raised over $8m across 16,000+ node keys in just 2 weeks, completely supercharging their community while generating significant revenue for their project.

By enabling more parties to watch over a rollup and identify malicious behavior, the network’s security grows more robust— a crucial step to establishing trust in the chain’s correctness. This in turn generates more demand for a rollup’s native token, which is required for users to participate in validation and helps provide practical cryptoeconomic security for the network.

Guardians Nodes are another notch in the belt of Caldera’s impressive infrastructure solution. With the success of HYCHAIN’s launch, we expect more teams building rollups to leverage this innovative product in the coming months.

To get started with a high performance rollup, visit Caldera’s website here and/or book a call here.

Contact

Growth
Alex Gu
Caldera
alex@caldera.xyz
4844329611

chainwire

Chainwire is The Leading Blockchain and Crypto Newswire and Press Release Distribution Service That Maximize Crypto News Coverage.

Recent Posts

Solana: Can Reclaiming the $155 Mark Invalidate the Downtrend?

#Solana under intense pressure! Can it break past $155 for a rebound? Stay tuned for…

14 mins ago

MoonBag Emerges Top Crypto Presale With 88% APY, Capturing Kangamoon and NEAR Protocol Investors’ Interest

MoonBag leads the top crypto presale with its 88% APY staking rewards. Evaluate #MoonBag, #Kangamoon's…

24 mins ago

2030 in Sight: BlockDAG Eyes $30 with a Keynote 2 Boost, Toncoin’s New Tactics, and Arbitrum’s Gaming Surge

Explore #BlockDAG’s target of $30 by 2030, boosted by its #Keynote2. Learn about #Toncoin's market…

44 mins ago

MoonBag Crypto’s Presale is Predicted to Rocket to $0.25, Unlike Hedera’s Hiccups and Slothana’s Slowdown.

MoonBag Crypto’s Presale will hit $0.25 In NOV. Will it outperform #Hedera and #Slothana? Explore…

1 hour ago

Charles Hoskinson Proposes Blockchain-Paper Voting Solution

#CharlesHoskinson proposes a dual voting system combining blockchain and paper ballots to enhance election integrity…

3 hours ago

Crypto’s Rising Titan: BlockDAG’s 1120% Presale Surge Mirrors Solana’s Initial Glory

Discover how #BlockDAG mirrors early #Solana successes and explore its potential to hit a $30…

3 hours ago