openPR Logo
Press release

ConsenSys and Securosys to launch secure method for long-term Ethereum 2.0 staking

02-02-2021 04:14 PM CET | IT, New Media & Software

Press release from: Securosys SA

SECURE ETHEREUM 2.0 STAKING WITH CONSENSYS CODEFI

SECURE ETHEREUM 2.0 STAKING WITH CONSENSYS CODEFI

Zurich, 2 February 2021

ConsenSys, the leading Ethereum software company, and Securosys, a leader in cybersecurity, encryption, and digital identity protection, today announced the launch of a seamless and secure method for long-term Ethereum 2.0 staking.

The partnership provides the possibility to create Ethereum 2.0 withdrawal keys in Securosys Hardware Security Modules (both on premise and as a cloud service) directly from the ConsenSys Codefi Staking API (https://www.securosys.com/secure-ethereum-2.0-staking-with-securosys-and-consensys-codefi). The keys are never exposed to Codefi nor Securosys and the stakers retain full control and legal ownership of the keys.

“Together with Securosys we can provide an end-to-end solution for Ethereum 2.0 staking,” says Kuhan Tharmananthar, Product Lead of Codefi Staking. “By combining Codefi with Securosys Hardware Security Modules our customers achieve the highest level of security and convenience when moving from Eth1 to Eth2.”

“Securosys has focused on blockchain applications from the beginning and is committed to extending its lead in providing hardware security for the crypto sector,” says Robert Rogenmoser, CEO of Securosys. “The recognition by the leading developer of the Ethereum platform is not only a great acknowledgement of these efforts, but also a strong motivation to continue providing the best services to our customers."

To validate transactions on Ethereum 2.0, stakers need to stake ETH conveniently and create their Eth2 withdrawal keys with the assurance that they are safe from all types of attacks and failures during the first transition phase from Proof-of-Work to Proof-of-Stake, which could happen this year (https://ethresear.ch/t/executable-beacon-chain/8271?u=benjaminion).

ConsenSys’ Codefi Staking (https://codefi.consensys.net/staking) provides a user interface for depositing ETH to the Eth2 Beacon Chain, and removes the challenges of operating independent validator nodes. Codefi Staking will rely on Teku, ConsenSys’ Eth2 client for institutional staking. Integration with the Securosys ecosystem brings the highest level of security to the process, as stakers can seamlessly create keys directly in the Primus Hardware Security Modules (HSMs) and protect them with Securosys’ key control mechanisms. There are multiple levels of authentication and authorization that ensure that the stakers do not relinquish control over the Eth2 withdrawal keys.

While Securosys authentication mechanisms ensure security of the keys against external attacks, their security against various failure factors is also paramount for long-term storage. Securosys Primus HSMs are built on highly reliable, enterprise-grade hardware that is designed for long-term 24/7 operation, can be clustered for high-availability redundant setup, or securely backed up. When on premise operation is not an option Securosys offers its ISO27001 certified CloudsHSM service. It is powered by multiple geo-redundant data centers that meet the highest operational security standards, including an EMP and attack-proof facility deep in the Swiss mountains.

About ConSensys
ConsenSys is the leading Ethereum software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open source foundation, we are building the digital economy of tomorrow.

ConsenSys Codefi is the blockchain application suite powering next-generation commerce and finance. Our vision is to lead the convergence of existing and decentralized financial technologies to create more accessible and equitable financial services for everyone, everywhere. We work with financial institutions, global enterprises, and Ethereum projects to optimize business processes, digitize financial instruments, activate markets and networks, and deploy production-ready blockchain solutions.

For more information, visit: http://www.consensys.net

Media Contact

Geraldine Critchley
+41 44 552 31 00
news@securosys.com

Securosys SA
Foerrlibuckstrasse 70
8005 Zurich, Switzerland

Securosys SA, based in Zurich, Switzerland, is a market leader in cyber security, encryption, and in securing digital identities. Founded in 2014, Securosys secures the Swiss financial markets on behalf of the Swiss National Bank and protects transactions worth over 100 billion Euros every day. The company supplies more than half of the Tier 1 banks worldwide with hardware security modules developed and built in Switzerland.

Securosys offers a wide range of security network appliances focused on commercial applications. These include communication encryption and key generation and management. All products are developed and manufactured in Switzerland, free from contaminating influences.

Management:
@RobertRogenmoser, @MarcelDasen, @AndreasCuriger, @ChristianWillemin @GeraldineCritchley, @RetoStaeuble

Further information can be obtained directly from Securosys SA by e-mail at info@securosys.ch, by calling +41 44 552 31 00, or from its offices in Zürich, Munich, and Hong Kong.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ConsenSys and Securosys to launch secure method for long-term Ethereum 2.0 staking here

News-ID: 2234624 • Views: 592

More Releases from Securosys SA

Securosys Appoints Axel Hauer to Senior VP Sales & Marketing
Securosys, a market leader in cyber security, encryption, and securing digital identities, announces that Axel Hauer has been appointed Senior Vice President Sales & Marketing as of 1 January. He will be part of the Securosys Management Board and lead Securosys’ global growth initiative. Axel brings 20 years of sales leadership experience to Securosys. For over 10 years, he was VP of Sales at Ncipher and Thales for Central, Northern,
Securosys shaking up stale HSM market - Revolutionary New Technology Receives US …
The United States Patent and Trademark Office (USPTO) granted Securosys US patent 11,095,458 for its Smart Key Attributes (SKA) technology for Hardware Security Modules, bringing security, multi-authorization, and accountability to financial transactions and many other digital processes. Securosys, a market leader in cyber- and cloud security, encryption, and digital identity protection, continues to push the stale market for hardware security modules (HSM) forward with new features and built-in accountability.
Securosys Primus HSM now Common Criteria EAL4+ certified
Zurich, 22 April 2021 Securosys, a leader in cybersecurity, encryption, and digital identity protection, is pleased to announce that Securosys' Primus Hardware Security Modules (HSM) have received the Common Criteria (CC) EAL4+ certification based on the eIDAS protection profile EN 419221-5, certificate number CC 1/21. This is in addition to the FIPS 140-2 Level 3 certification for the Primus HSM. This means that Primus HSM can now be
Securosys 365: Swiss-Made Security for Microsoft 365
Zurich/ Lausanne, 16 February 2021 DuoKey, an innovative cybersecurity company in Lausanne, and Securosys, a leader in cybersecurity, encryption and digital identity protection from Zurich, announced the launch of Securosys 365 today. Securosys 365 is a Swiss Cloud service that encrypts Microsoft 365 office applications in the Microsoft Azure Cloud. It allows enterprises and governmental services to move to the cloud while still adhering to the strictest data privacy regulations. Securosys 365

All 5 Releases


More Releases for Ethereum

Icoclone moving towards Ethereum Smart Contract
"Icoclone is well expertise in offering world-class read-made software solutions to their international clients all over the world. We so far delivered 60+ secured Initial Coin Offering websites to our global clients with all the customizable options" started by a chief official at Icoclone. Summary: In recent years, smart contract development has become a tremendous rise in the crypto industry. Here Icoclone will help you to launch an ethereum smart contract development
SportsBets.Crypto Ethereum Blockchain Crowdsale Now Live
(Alpharetta, GA ) - Placing bets on sports is predicted to reach $8 billion dollars in revenue by 2025, Blockchain technology and cryptocurrency will play a major role. SportsBets.Crypto is now live on the Ethereum Blockchain, today announced a Crowdsale to complete development for full sports betting functionality. SportsBets.Crypto Fan Access - Ticker SBCSF for 1 ETH fans will receive 20 Tokens to gain access to the ecosystem. Starting with 5558.8/
Automotive Block Chain Market Key players: BigchainDB GmbH, CONSENSYS, Ethereum …
Automotive Block Chain Market – Overview Automotive block chain is an advanced technology that is able to collect vast data from vehicle, securely, and operating different functions in order to make life easier. An automotive block chain may include unlocking of cars, keeping records of traveling and journeys, leasing of car, and financial transaction of the vehicle such as parking fees, toll charges, software updates, and several others. The automotive block
Ripple vs Ethereum
Ripple vs Ethereum Ripple overtook Ethereum three times in the second half of September 2018 in terms of market capitalization. Although it was for a brief time, Ethereum lost its place as the 2nd largest cryptocurrency. Eventually, Ethereum powered back to re-take its position. Let's analyze the cause and effect of this episode. Cause: Ethereum is an open-source, public, blockchain-based platform for dApps and Ripple is a real-time gross settlement system, currency exchange, and remittance network
Ethereum Sweepstakes Early Bird Draw Deadline Approaching
Ethereum Sweepstakes the first Blockchain Sweepstakes offering a potential Jackpot worth $1,000,000,000. Ethereum Sweepstakes uses a smart contract and the blockchain to guarantee fair play and guaranteed winners. London, England, April 25, 2018 -- Ethereum Sweepstakes Early Bird draw on May 1 is fast approaching. Don’t miss out on this bonus opportunity to win 20 Ether with a current estimated value of almost $13,000. This bonus draw is in addition to monthly bonus
When Solar Meets Ethereum
SOLAREUM, the first and foremost coin backed by major Solar Companies, is launching tonight, January 11, at Midnight. This certain cryptocurrency has taken "Go Green, Save Green" to a whole new level, allowing consumers to purchase Solar Energy and exclusive Solar Heating at discounted rates and receive rewards in doing good for the Planet. Gabriel Gomez, Co-Founder of SOLAREUM, stated, "Integrating cryptocurrency with the clean energy industry will allow more