Today, we announce that Blockdaemon has joined the Proof of Stake Alliance (POSA). By becoming a member, Blockdaemon furthers its commitment to promoting clear standards and supporting the growth of proof-of-stake technologies.

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Staking plays a crucial role in securing and decentralizing blockchain networks. With the staking market approaching $600 billion, it's essential to advocate for policies that foster innovation while effectively managing risks.

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POSA, now integrated as a core project of the Crypto Council for Innovation (CCI), focuses on educating global policymakers about the technical nature of staking services. Led by Executive Director Alison Mangiero, POSA brings together industry leaders to guide strategic focus and advocate for forward-looking policies.

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"CCI has always been about setting the standard for the responsible growth of blockchain technology," said Sheila Warren, CEO, Crypto Council for Innovation. "Combining POSA's technical expertise with CCI’s global advocacy reach will create the ideal team to lead the conversation around the future of this crucial issue."

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"At Blockdaemon, we're proud to be part of POSA, marking a significant step toward amplifying the voice of the staking industry on a global scale. As proof-of-stake ecosystems expand, it's crucial to advocate for clear, thoughtful standards to help risk management while pushing forward innovation to establish staking as a critical technical service." said Konstantin Richter, CEO & Founder of Blockdaemon.

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We look forward to collaborating with POSA and its members, including Andreessen Horowitz, Ava Labs, Eigen Labs, Electric Capital, Lido, Kiln, and Paradigm. Together, we aim to ensure that staking continues to play a key role in network security and decentralization.

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