We are pleased to announce that KYC for becoming node operators is now live! As mentioned on our recent AMA, KYC for registering as a node operator has been launched and functioning.
While KYB for registering as a node operator has been live, KYC has been in the works for a while now. After a few hurdles, we are happy to announce that registration for individuals is now available, allowing non business entities to become block producers.
To begin your journey to becoming a node operator, please start here.
If you already have set up your node and just waiting for running through the KYC process, the instructions are here.
ZUG, 11 OCTOBER 2023. Partisia Blockchain announces the appointment of Shirly Valge as the Head of External Relations and Partnerships, effective immediately. This strategic hire will strengthen our commitment to cultivating relationships and expanding our partnerships. This appointment underscores the organization’s unwavering dedication to excellence in leadership and top-tier talent acquisition.
Shirly brings a decade of experience in disruptive technologies and business development to her new role, including her recent tenure as Chief Operating Officer and Board Member at Velas Network, where she played a pivotal role in building and expanding the organization.
In her capacity at Partisia Blockchain, Shirly will collaborate with the senior leadership team to provide expert guidance on expanding the partnership network. She will focus on elevating the organization’s visibility and influence within the industry, fostering the growth of strategic alliances. Shirly will play a pivotal role in identifying and cultivating our network of partners.
Kurt Nielsen, President of Partisia Blockchain: “Shirly’s extensive skills and expertise will significantly accelerate Partisia Blockchain’s growth, fortifying our partnerships and collaborations. With Shirly’s invaluable knowledge, we eagerly anticipate broadening and diversifying our network of partners, paving the way for increased adoption of our cutting-edge technology.”
Shirly Valge, Head of External Relations and Partnerships at Partisia Blockchain, at CV Summit 2023 in Zug
Before joining Partisia Blockchain, Shirly held key positions at various organizations, including Unity Investment, Crypto Mining and Brokerage in Switzerland where she drove revenue growth through marketing, investor relations and sales. In addition to her professional achievements, Shirly is dedicated to educating the next generation, having lectured 400 students at the University of Engineering and Management in India on the applications of blockchain, artificial intelligence and emerging technologies in the public sector, and on several Web3 courses dedicated to attracting more women into the blockchain industry.
Shirly’s distinguished credentials reflect her commitment to the industry, with her Forbes 30 under 30 nomination in 2021 and numerous keynote addresses at major industry events. She holds a Master of Business Administration degree in International Business and Marketing from the Tallinn University of Technology and a Bachelor’s degree in Political Science and International Relations from the Tallinn University (Estonia). Shirly actively contributes to the community by volunteering at Kickstart Accelerator, where she supports start-ups and mentors international students. She is a native of Estonia, the leading country for blockchain adoption and MPC for public sector use, and has firsthand experience using the advantages of the DLT and MPC.
Partisia Blockchain is privileged to welcome Shirly Valge as the Head of External Relations and Partnerships and looks forward to her contributions to growth and success. Her appointment represents a significant milestone in our journey towards achieving ambitious goals and maintaining our position as a leader in the blockchain industry.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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In all blockchains, node operators are running their nodes to operate and secure the network. And the compensation model of the blockchain allows node operators to get compensated for maintaining/operating the protocol. On Partisia Blockchain the compensation is a mix of BYOC fees and rewards in MPC tokens. Rewards come from the ecosystem pool used to bootstrap the operation of the network.
Currently the distribution of rewards is the same for staking directly by a node operator account as for any other account that delegates staking to a node operator. On the other hand, node operators receive all BYOC fees. However, at this early stage of the network the main compensation as node operator is the rewards. Hence, to make the total compensation more fair to the node operators operating the network the following adjustment will be put up for voting among node operators: 2% of the rewards gained by delegated staking to be distributed to the node operators that they are staking to. This will allow a fairer staking rewards system where the node operators running the system will be compensated by the community stakers for providing the computing power to stake their tokens to and receive rewards.
A simple example for a community staker would be if the reward for your current period was 100 MPC tokens, during the rewards computation, 2 MPC tokens will be sent to the node you are staking to, and you will receive 98 MPC tokens. This will fairly compensate the node operator for operating the blockchain you are staking to receive your reward.
If you are a node operator, you will receive 2% of all the staking reward your node account generated for all the community stakers you are supporting.
As this is a governance matter for the chain, the proposal will be put to a vote for the block producing node operators to decide on. We suggest for those who are staking, that you reach out to your respective node operators and voice your thoughts with them directly. If passed, this will be implemented as a part of the Q6 reward cycle and subsequent cycles going forward.
We hope this will help create a more fair rewards distribution as well as promote node operators to continue to promote their nodes to the community to stake to.
Thank you for your continued support!