Re: [ANN] Blox Staking - Ethereum 2.0 Fully Non-Custodial Staking

What’s the problem with using similar platforms that can store the info on their own servers? I’m talking about the keys, stakes and so on.

There’re several types of platforms. Some of them store the validator keys of the users, but not the withdrawal keys. Thus, they can’t manage the users’ funds. This helps to ensure safety, but leads to high fees for reduced reward.

But it’ll be harder to access the funds if the platform doesn’t have full control over validators and keys, right?

The platforms that store validator and withdrawal keys violate security meaning that there is the third party in the system. This leads to fees. The fees increase exponentially – the more validators participate, the higher the fee is. Yes, it’s harder to access this system, but the scammers manage to damage it anyway by reducing the profitability and etc.