Fellow Coinstorers,
Coinstore will list EIGEN and open EIGEN/USDT trading pair.
Details are as follows：
Deposit time：TBA
Trade time: 2024/10/1 13:00 (UTC+8)
Withdrawal time: TBA
Total Issue supply: 1,681,371,191 EIGEN
Official Website: https://www.eigenlayer.xyz/
Whitepaper: https://docs.eigenlayer.xyz/
Blockchain Explorer: https://etherscan.io/address/0xec53bF9167f50cDEB3Ae105f56099aaaB9061F83
Introduction:
EigenLayer is a groundbreaking protocol that leverages the Ethereum blockchain to introduce a novel concept known as restaking. This innovative approach to cryptoeconomic security allows Ethereum stakers to reuse their staked ETH or Liquid Staking Tokens (LST) across various decentralized services within the EigenLayer ecosystem. By opting into EigenLayer smart contracts, stakers can extend the security of their staked assets to support additional applications on the network, thereby earning extra rewards for their contributions.
The primary motivation behind the development of EigenLayer is to address the fragmentation of security in the decentralized ecosystem. Traditionally, each new service on Ethereum has had to establish its own trust network, leading to a scattered security landscape. EigenLayer's solution enables services, regardless of their technical specifications, to access the collective security provided by Ethereum's stakers. This not only reduces the capital requirements for individual stakers but also enhances the overall trust and security for services tapping into this pooled resource.
EigenLayer's architecture is designed to facilitate a seamless interaction between stakers, operators, and services. Stakers can delegate their ETH to operators or choose to run validation services themselves, becoming operators in the process. This delegation is based on a mutual opt-in mechanism, ensuring that both parties agree to the terms of participation. Once delegated, stakers can select which Actively Validated Services (AVSs) they wish to support, contributing to the security and functionality of the network.
Operators play a crucial role in the EigenLayer ecosystem by running AVS software. These operators are responsible for performing validation tasks for AVSs, ensuring the integrity and reliability of the services offered to users. Through this collaborative effort, EigenLayer aims to foster an environment of permissionless innovation and free-market governance, where anyone can contribute to the security and development of decentralized services on Ethereum.
In summary, EigenLayer represents a significant advancement in the field of blockchain technology, offering a scalable and secure framework for enhancing the cryptoeconomic security of the Ethereum network. By enabling the restaking of ETH and LST, EigenLayer not only optimizes the utilization of staked assets but also promotes a more unified and robust security model for the decentralized ecosystem.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Team
1 Oct, 2024
Find us on:
Official website: https://www.coinstore.com/
Download Coinstore: https://h5.coinstore.com/download/
Twitter: https://twitter.com/CoinstoreExc
Telegram Discussion Group：https://t.me/coinstore_english
Telegram Announcement Channel：https://t.me/coinstore_global
Facebook: https://www.facebook.com/CoinstoreExc/
Medium: https://medium.com/@coinstore_en