October 13, 2021 · 1 min read
The Novum Insightful Ep. 8 - Trusted Node
The proof-of-work consensus mechanism has had issues for some time now - including its significant energy-use and impact on the environment. More and more networks are launching on or moving to proof-of-stake. However the proof-of-stake mechanism can allow for inequity in how rewards are distributed. As Stefan Rust, founder of Trusted Node states on this episode of the Novum insightful Podcast:
I found out that exchanges and wallets were not paying you any of the staking rewards - the exchanges were hosting the validator nodes, but not sharing any of the rewards with their community members.
By creating an intuitive interface for managing PoS staking positions, Trusted Node seeks to make securing PoS blockchains easier than ever before.
Check out Trusted Node.