Total volume of cryptocurrency involved in staking has exceeded $350 billion, while the volume of paid out revenue has reached $5.85 billion. In this context, the amount of hacker attacks on staking platforms has increased.
PrismaStake has announced a significant improvement of its platform security system. The project team’s persistent work has led to improvement of the security of staking on the platform.
Works have been conducted in several important directions:
- Improving the energy infrastructure reliability
- Improving the monitoring services and technical support of the platform
- Strengthening the web security measures
- Upgrading the surveillance and alarm systems
- Developing new strategies for prevention of harm potentially caused by elemental hazards.
Arthur Kennedy, the visionary Founder & CTO of PrismaStake notes, that “With high levels of cryptocurrency price volatility, as well as security threats, the PrismaStake platform aims for stable and guaranteed revenue for stakers which invest in both ETH assets as well as altcoins.
The growth of the volume of crypto assets in staking is causing a gradual decrease of its profitability. The average level of staking profitability worldwide has gone down to 5.91%. PrismaStake offers various staking pools, some of the most sought after ones, for the ETH cryptocurrency, where 90 day staking brings up to 17% in profit, ensuring the security of assets and regular payouts.
Furthermore, to nurture loyalty within the community, PrismaStake has launched a referral program Stake & Share. This initiative is aimed at attracting friends and relatives to the platform by its participants. Bonus payouts are given out not just to the newcomers invited through the program, but also those inviting them. As those in the company say, “The referral program is intended to thank the loyal members of the community for their trust, as well as to invite newcomers to the world of safe and profitable staking”.
It’s worth remembering that in March the platform had passed a security audit from the Scrutify company. The total reliability rating of the platform was graded at 91.42/100. Aside from the grading, the audit included several recommendations for improving the security level of smart contracts.
Per PrismaStake, the next important step after the improvements to security will be expansion of token placement programs, refinement of the staking economy and renewed efforts for nurturing the project’s community.
About PrismaStake
PrismaStake is revolutionizing the crypto space with its innovative decentralized staking platform, enabling users to earn passive income through diverse cryptocurrency staking opportunities. By harnessing the power of advanced smart contracts, the platform guarantees secure and profitable staking options, including ETH crypto staking and altcoin staking. Designed to cater to both seasoned investors and newcomers, PrismaStake emphasizes security, flexibility, and user autonomy, providing a reliable method for enhancing digital asset earnings. With a commitment to offering competitive returns and fostering a vibrant community, PrismaStake is redefining the future of decentralized finance by making cryptocurrency staking accessible and rewarding for all.
For media inquiries, please contact:
Name: Nicholas Swan
Position: Marketing & Community Manager
Email: support@prismastake.finance
Website: https://prismastake.finance/
