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PureStake Receives Web3 Foundation Grant for Moonbeam

PureStake Awarded a Web3 Foundation Grant for Moonbeam Ethereum Compatibility

Developed Components Will Power Moonbeam, Allowing Developers to Use Existing Ethereum Applications and Smart Contracts On Polkadot

Boston, MA – August 5, 2020 – PureStake has received a grant from the Web3 Foundation for their work developing Ethereum compatibility for Moonbeam, a smart contract parachain. Accepted as part of Wave 6 of the Web3 Foundation grants program, PureStake developed a Web3-compatibile RPC library that allows developers to run Ethereum-native tools such as Truffle, Remix, and Metamask on Moonbeam’s Substrate-based network. The milestones were met and officially accepted by the Web3 Foundation.

Moonbeam is currently in development and expected to be released as a parachain on the Polkadot network — which emphasizes cross-chain interoperability — early next year. Moonbeam is designed to ease the transition for non-blockchain developers and Ethereum developers alike as they explore the cross-chain integration capabilities of Polkadot and its underlying Substrate framework.

“Ethereum compatibility is one of the most asked-about features of the Moonbeam network,” says Derek Yoo, CEO of PureStake. “We’re bullish that interoperability is going to be critical in broadening the users of blockchain technology, and the work we’re doing to support Ethereum’s Web3 RPC is an important step to getting there.”

The deliverables for this grant included:

  • A working Web3 RPC module
  • Transaction support
  • A demo of key integrations including Remix, Truffle, and MetaMask

You can learn more about Moonbeam on the official project website: https://moonbeam.network/

About the Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently in active development by PureStake, Moonbeam is expected to reach MainNet by early 2021.

About PureStake

PureStake’s team has extensive experience building technology companies and complex software platforms. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides protocol implementation services and creates developer tools for next-generation blockchain networks.

PureStake is a Founding Validator for Centrifuge Launch

Centrifuge’s Decentralized Asset Financing Protocol Delivers a New, Easier Way to Finance Assets and Unlock Capital

Boston, MA – May 26, 2020 – PureStake, a leader in secure and reliable blockchain infrastructure and tools, today announced its validator services to support the Centrifuge network launch. Centrifuge is a protocol for decentralized asset financing with the aim of bridging real-world assets to the world of DeFi.

As a Substrate-based chain, Centrifuge shares much of the same underlying technology as the Polkadot and Kusama networks. This has made it easy for PureStake to create secure, reliable validator services using similar infrastructure and processes as their existing Kusama validators.

“Centrifuge is solving real-world cash flow problems that individuals and businesses face today,” says Derek Yoo, CEO of PureStake. “It’s a great example of how decentralized technology can create unique solutions that are not possible using traditional approaches. We are very impressed with the team, technology, and mission of Centrifuge, and pleased to provide validator services to help them deliver on that mission.”

The public launch of Centrifuge enables asset originators to tokenize their assets and access liquidity offered through DeFi. Centrifuge tokenizes assets such as invoices, royalties, loans, or other real-world assets, which can be financed by investors seeking yields through DeFi. You can learn more about today’s launch via Centrifuge’s announcement: https://medium.com/centrifuge/introducing-decentralized-asset-finance-onboarding-the-world-to-defi-f400ad906546

To learn more about PureStake’s validator services for Substrate-based chains, or to contact us, please visit: https://www.purestake.com/technology/polkadot-services/

About PureStake

PureStake’s team has extensive experience building technology companies and complex software platforms. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides infrastructure services and creates developer tools for next-generation blockchain networks.

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PureStake Announces Moonbeam, a Smart Contract Platform for the Polkadot Network

Moonbeam Allows Developers To Use Their Existing
Ethereum Applications And Smart Contracts On Polkadot

Boston, MA – April 27, 2020 – PureStake, a leader in secure and reliable blockchain infrastructure and tools, today announced plans for the Moonbeam smart contract platform. Due later this year, Moonbeam expands the accessibility of smart contract functionality by providing Ethereum compatibility and making it easier for developers to build applications that are natively interoperable with other blockchains and technologies.

Moonbeam will be released as a parachain on the upcoming Polkadot network, which is set to launch later this year. As a parachain — Polkadot’s approach to sharding — Moonbeam will benefit from shared security and composability with the entire Polkadot network while operating and developing independently. This also enables users of the Moonbeam network to move cryptocurrencies and other tokens natively across Polkadot parachains and parathreads, or across other networks via bridges.

“On Moonbeam, developers will be able to build applications that work with users and assets from other chains,” says Derek Yoo, CEO of PureStake. “This is a huge step forward in creating decentralized applications that natively interoperate across chains — opening up new potential markets for DApp developers.”

The Moonbeam network features several differentiators centered on promoting accessibility and interoperability across chains:

  • Smart contracts that work natively with other Polkadot chains or connect to external chains, like Ethereum and Bitcoin, via bridges.
  • Web3 and EVM support that makes it easy for existing Ethereum DApps and smart contract backends to migrate to Moonbeam and Polkadot.
  • Compatibility with familiar Ethereum development tools such as Truffle and MetaMask.

Moonbeam provides an essential service for the Polkadot network, which does not natively include smart contracts. Moonbeam smart contracts make it much easier and cheaper to build decentralized finance applications, which helps developers globally solve real-world finance problems using Web 3.0 technologies.

“Moonbeam’s approach promises to democratize the world of smart contract platforms in a way we haven’t seen before,” said Dieter Fishbein, Head of Ecosystem Development at Web3 Foundation. “Platforms that make it easier for developers to leverage the work they have across networks is core to Polkadot’s future and to the success of decentralized technologies as a whole.”

Visit the Moonbeam website for more information and updates: https://moonbeam.network/

About PureStake

PureStake’s team has extensive experience building technology companies and complex software platforms. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides infrastructure services and creates developer tools for next-generation blockchain networks.

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PureStake Releases GoalSeeker, a New Algorand Block Explorer

Boston, MA – December 19, 2019 – PureStake, a leader in secure and reliable blockchain infrastructure, announced today the release of a new Algorand block explorer, GoalSeeker. GoalSeeker makes it easier than ever to view critical network statistics, browse recently created blocks, search for transactions and accounts in previous blocks, and review activity related to Algorand Standard Assets (ASAs).

At launch, you can use GoalSeeker to:

  • Monitor Algorand transactions on both the MainNet and TestNet ledgers
  • View and search for blocks, transactions, accounts, and assets
  • Access a feed of the most recently created blocks and assets
  • Drill down into all assets and transactions associated with accounts
  • View vital network statistics at a glance, including total supply, online stake, exchange rate to USD, and the current block reward level

GoalSeeker is one of several products and services that the PureStake team has developed for the Algorand network. The team remains committed to fueling the adoption of Algorand and other permissionless blockchains by providing high-quality infrastructure and services to Proof of Stake networks.

“We hope GoalSeeker will serve as a reliable resource for the Algorand community to find the latest network activity data,” said Derek Yoo, CEO of PureStake. “We have long been dedicated to creating products that add value to the communities in which we participate. In 2020, we plan to continue our focus on building tools that spur development on Algorand and Proof of Stake networks as a whole.”

The GoalSeeker release caps a year of rapid technology deployments for PureStake, including an Algorand API service for developers, Algorand node infrastructure services for early network participants, and validator services for Polkadot’s BetaNet, Kusama. Each was designed to consistently deliver secure and reliable network access to ecosystem participants.

GoalSeeker is free to use and does not require an account. You can start using it by navigating here: https://goalseeker.purestake.io/

About PureStake

PureStake’s team has extensive experience running highly available, highly secure global infrastructure supporting cloud and FinTech applications-as-a-service. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides infrastructure-as-a-service, API-as-a-service, and validator services for proof of stake crypto networks.

 

PureStake Launches Staking Services on Kusama in Preparation for Polkadot

New Validator Service Lets Users Earn Staking Rewards While Securing the Kusama Network

Boston, MA – October 29, 2019 – PureStake, a leader in secure and reliable blockchain infrastructure, announced today the release of its new validator services for Kusama, a network built using Polkadot technology.

Validators serve a critical function on delegated Proof of Stake networks, ensuring block production and security of the network is maintained. PureStake’s validators provide a secure and reliable service to network participants looking to earn rewards on their crypto assets. The new validator service is deployed using an infrastructure-as-code approach in a multi-cloud, multi-pop environment across AWS, Azure, and Google clouds, and is operated according to the ISO27K standard.

Some security highlights of PureStake’s validator infrastructure include:

  • Network segmentation, VPCs, VPNs to create validator isolation.
  • Load balancers, firewalls, ACLs, DDoS, and perimeter protection.
  • IDS and centralized log analysis to identify and alert on security threats.
  • Host hardening according to NIST standards, fully automated patching.
  • Daily network and system vulnerability scanning and remediation.

“Our Validator service for Kusama is the first of several planned infrastructure services in the Polkadot ecosystem,” said Derek Yoo, PureStake CEO. “Polkadot and Substrate dramatically reduce the barriers and friction that traditionally have come with building blockchain networks, while at the same time allowing for application specialization. We believe that these technologies will drive significant innovation in the blockchain space.”

Users can stake their KSM tokens using the new service using the addresses found here.

About PureStake

PureStake’s team has extensive experience running highly available, highly secure global infrastructure supporting cloud and fintech applications-as-a-service. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides infrastructure-as-a-service, API-as-a-service, and validator services for proof of stake crypto networks.

 

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PureStake Launches API Service for Algorand Developers

New API-as-a-Service Technology Streamlines Application Development on the Algorand Blockchain

Boston, MA – August 22, 2019 – PureStake, a leader in secure and reliable blockchain infrastructure, announced today the release of its new Algorand API-as-a-Service. This service offering allows developers to easily interact with the Algorand network without needing to host and manage their own infrastructure. With the PureStake API service, developers can quickly and reliably access both Algorand’s TestNet and MainNet, reducing time to market and improving application stability.

This release provides access to the full Algorand API, which includes but is not limited to the following:

  • Account information
  • Transaction information
  • Sending transactions
  • Ledger supply
  • Transaction fees
  • Transaction parameters

“We see our API service as an effortless on-ramp to the Algorand network that enables developers to focus on their application, rather than its supporting infrastructure,” said Derek Yoo, PureStake CEO. “Algorand’s support for very high transaction volumes and immediate transaction finality make it an ideal choice for decentralized applications. We are excited to make it easier for developers to build applications that take advantage of these unique properties by using our API service.”

Developers can register for the PureStake API service in minutes through an online registration portal. To celebrate the launch of the API service, PureStake is sponsoring Algorand’s upcoming hackathons and will give event participants free access to the API for the duration of the event.

About PureStake

PureStake’s team has extensive experience running highly available, highly secure global infrastructure supporting cloud and fintech applications-as-a-service. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides infrastructure-as-a-service, API-as-a-service, and validator services for proof of stake crypto networks.

 

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PureStake Provides Infrastructure Services to Support the Algorand MainNet Launch

Boston, MA – June 19, 2019 – PureStake, a leader in secure and reliable blockchain infrastructure, announced the availability of its infrastructure-as-a-service offering for Algorand. Infrastructure running on the PureStake platform helped launch the Algorand network, which announced the public availability of its MainNet last week.

PureStake’s service offering includes relay and participation node services.These services are provided from over 15 points of presence all around the world via an in-house developed infrastructure as a service platform designed specifically to meet crypto and blockchain network requirements.

“The Algorand network launch was a huge step forward for the blockchain space, delivering the first pure Proof of Stake crypto network that is highly scalable without sacrificing decentralization,” said Derek Yoo, CEO of PureStake. “Building infrastructure to support Algorand’s security and performance requirements presented unique DevOps challenges. We are excited to have overcome these challenges and to have helped launch the MainNet.”

Moving forward, PureStake will offer Algorand infrastructure services to enterprises, developers, and other network participants globally. You can learn more about PureStake infrastructure services here: purestake.com/technology/algorand-services

About PureStake

PureStake’s team has extensive experience running highly available, highly secure global infrastructure supporting cloud and fintech applications-as-a-service. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides infrastructure-as-a-service, API-as-a-service, and validator services for proof of stake crypto networks.