HashQuark – A Simply Way to Stake on DPoS Networks

Project Reviews / 02.03.2021

HashQuark is a delegated staking platform that continues to see growing participation from the crypto community. The network’s combination of features has helped it secure multiple grants to further the DPoS staking environment. Impressively, HashQuark is recognized as one of Asia’s largest and most trusted staking service providers at this time.

HashQuark’s developers focused on servicing the Delegated Proof-of-Stake (DPoS) sector primarily. DPoS blockchains are considered more efficient and democratic when compared to their predecessors. The main difference between DPoS and PoS networks is that a DPoS-based blockchain integrates a voting system where stakeholders outsource their work to a third-party. Basically, users vote on delegates to approve transactions rather than the entire network staking directly.

Benefits of HashQuark

HashQuark combines enterprise-level financial security with helpful features to make staking accessible to anyone. The network has earned a reputation as a secure alternative in the Asian market. Notably, HashQuark’s servers are spread out globally to ensure the highest level of protection to users.

Stable

Importantly, HashQuark is incredibly stable. Stability is a primary concern for stakers for many reasons. Primarily, networks will penalize nodes unable to remain online and provide dependable services to the network. These penalties can cut into your rewards and make the entire staking process a waste.

To avoid these concerns, HashQuark’s developers integrated an automated maintenance and monitoring system. This protocol ensures around-the-clock uptime and has the capabilities to update the network seamlessly. In this way, HashQuark users gain confidence in the platform’s capabilities and profitability.

Interoperability

HashQuark users also gain access to an impressive selection of blockchains. All mainstream PoS blockchains currently support the protocol. These blockchains include ETH 2.0, Cosmos, VeChain, Wanchain, Harmony, Celo, Polkadot, Band Protocol, Kava, IOST, V Systems, TomoChain, IoTeX, Dash, Cardano, IRISnet, Qtum, EOS, Decred, Tezos, Nuls, Matic Network, Edgeware, and SKALE.

Easy Set-Up

One of the best features of HashQuark is its one-click setup and deployment. The company succeeded in removing all technical barriers associated with staking on DPoS networks. Impressively, token holders aren’t required to do anything except store tokens in their accounts to be eligible to receive staking rewards. Additionally, HashQuark’s developers included a customized automatic revenue settlement system to ensure that all users obtain the maximum rewards available.

Support

New users will appreciate the 24/7 support the network offers at no charge. You can utilize these services to simplify the onboarding process. You can also leverage these services to help you better monitor nodes or other DPoS upgrades that may influence your ROIs.

How Does HashQuark Work?

HashQuark relies on SuperNodes to accomplish these tasks efficiently and securely. Think of a SuperNode as a company-hosted node that allows anyone to pool funds with other users and split the staking rewards. The number of rewards you receive will depend on how much crypto you stake and for how long.

This style of staking platform is more popular than ever. The launch of ETH 2.0 staking services has excelled adoption of these platforms and for a good reason. To stake on the ETH 2.0 blockchain, you need to hold at least 32 ETH. For most new investors, this amount is a bit more than they are ready to fork out. However, HashQuark’s system allows you to combine your ETH with others and still earn rewards.

HashQuark Staking Cloud

In most scenarios, staking requires you to operate a node continuously. These requirements mean that you need to invest in a reliable computer and internet connection. For some users, the latter isn’t available due to their location. These concerns aren’t a problem when you’re a HashQuark user because you can leverage the firm’s cloud computing systems to operate a decentralized cloud node. Cloud nodes are managed and ran by blockchain experts located at professional data centers globally.

Hasquark Labs

HashQuark Labs is a group of developers that seeks to further support to PoS sector. The group helps fund and further research and development of premier PoS projects. To this extent, the team often publishes valuable reports to help the greater crypto community track progress. Additionally, HashQuark Labs also provides a package of developer tools to simplify Dapp creation.

HashQuark

HashQuark is a subsidiary of the HashKey Group. This group operates as a strategic partner of the Wanxiang Blockchain Labs and Wanxiang Holdings., Impressively, this firm is recognized as a top 500 company in China. HashQuark lists Leo Li as its current CEO.

Some significant partnerships highlighted HashQuark’s rise to popularity along the way. In April 2020, the network secured a partnership with the Asian-based cross-chain oracle platform known as the Band Protocol. Band Protocol operates a decentralized network of oracles. Oracles are off-chain sensors that can communicate data to and from blockchains. They are seen as one of the most important developments to the blockchain sector because they enable far more functionality across multiple industries.

How to Use HashQuark

To get started using HashQuark, you first need to venture over to their website. There is no registration needed. The portal will show you all the supported DPoS blockchains. Select the network that meets your requirements. From there, you will direct you to a page that explains the particular features of HashQuark’s SuperNode that apply to the network.

Next, the page will provide you with a direct link to the blockchain ecosystem‘s staking portal. Here you will have the option to select HashQuark as your delegated staking Validator. Next, you input the amount you want to stake and how long you are all set.

HashQuark – Removing the Mystery behind DPoS Staking Mechanisms

As DPoS blockchains continue to gain momentum, it’s easy to see why HashQuark is so popular. People want to participate in these networks and secure a passive income without learning many technical specifications. HashQuark makes it possible for new users to accomplish this task in minutes. For these reasons, you can expect to see HashQuark continue to be one of Asia’s top DPoS staking options for the foreseeable future.

David Hamilton aka DavidtheWriter is a long time Bitcoinist and cryptocurrency journalist. Currently, he has over a thousand articles published on blockchain technology. His expertise and experience makes him one of the most reputable writers in the sector.