Security
The security of our customers’ stake is of utmost importance to us. Through redundant infrastructure and connectivity, failover systems, 24/7 monitoring, as well as colocations at top-tier data-centers, we provide outstanding standards of security.
Infrastructure
We invest a lot of time and effort to set up robust validator nodes and put security measures around our nodes. Our nodes have redundancy set directly in the MultiversX protocol level. We have a secure and highly reliable staking infrastructure, complemented with automated deployment tools and 24/7 monitoring.
Non custodial staking
We provide non-custodial validation services. As a result, we have no access to your tokens at any time. From a technological standpoint, it is just impossible. You always have complete control of your tokens.
Competitive rewards
We back up our words with action! We use our services and put a significant quantity of our own tokens into our validators. This ensures that our incentives are perfectly matched with our customers.
Services
Smart Contract Development
At Tortuga Staking, we are well-versed in creating secure and highly-efficient smart contracts for the MultiversX blockchain. Our team of experienced developers applies best practices to ensure the automated enforcement of your business rules, creating a foundation of trust and transparency for your project. We bring your vision to life through smart contracts that are not only reliable and secure, but also designed with your specific needs and objectives in mind.
Whether you’re looking to create a simple or complex contract, we provide full-cycle development services, which include:
• Requirement gathering and analysis
• Smart contract design and development
• Testing and debugging
• Deployment and maintenance
dApp Development
We specialize in building decentralized applications (dApps) that leverage the unique capabilities of the MultiversX blockchain. Our dApp development services are customized for businesses seeking to harness the power of decentralization, while ensuring scalability, performance, and user experience.
Our services span the entire dApp development process:
• Idea validation and strategic consulting
• UX/UI design focused on ease of use and intuitive interactions
• Backend development on the MultiversX blockchain
• Thorough testing to ensure security and performance
• Deployment and ongoing support
Whether you’re a startup exploring the blockchain space or an established project looking to expand your presence in the MultiversX ecosystem, we are equipped to build dApps that truly stand out. Our emphasis on quality, coupled with our deep understanding of blockchain technology, ensures we deliver solutions that are not just innovative, but also tailored to your specific needs.
At Tortuga Staking, we believe in the power of collaboration. We work closely with our clients, aligning our expertise with your vision to create robust, secure, and efficient blockchain solutions. Discover the possibilities of the MultiversX blockchain with us and let’s take your project to the next level.
Our amazing partners
Our team
Stefan Procopiu
Founder
Blockchain Advocate with focus on serving highly secure PoS staking services and crypto community leadership.
Alessandro De Franceschi
Head of Engineering
Developer with a passion for Web3 and creating real useful tools and contents to make everyone’s life easier
FAQ
Most frequent questions and answers
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).
If you know how Bitcoin works, you’re probably familiar with Proof of Work. It’s the mechanism that allows transactions to be gathered into blocks. Then, these blocks are linked together to create the blockchain. More specifically, miners compete to solve a complex mathematical puzzle, and whoever solves it first gets the right to add the next block to the blockchain. Proof of Work has proven to be a very robust mechanism to facilitate consensus in a decentralized manner. The problem is, it involves a lot of arbitrary computation. The puzzle the miners are competing to solve serves no purpose other than keeping the network secure. One could argue, this in itself makes this excess of computation justifiable. At this point, you might be wondering: are there other ways to maintain decentralized consensus without the high computational cost? Enter Proof of Stake. The main idea is that participants can lock coins (their “stake”), and at particular intervals, the protocol randomly assigns the right to one of them to validate the next block. Typically, the probability of being chosen is proportional to the number of coins – the more coins locked up, the higher the chances. This way, what determines which participants create a block isn’t based on their ability to solve hash challenges as it is with Proof of Work. Instead, it’s determined by how many staking coins they are holding. Some might argue that the production of blocks through staking enables a higher degree of scalability for blockchains.
At a very basic level, “staking” means locking your crypto assets in a proof-of-stake blockchain for a certain period of time. These locked assets are used to achieve consensus, which is required to secure the network and ensure the validity of every new transaction to be written to the blockchain. Those who stake their coins in a PoS blockchain are usually called “validators.” For locking their assets and providing services to the blockchain, validators are rewarded with new coins from the network. For a blockchain to perform efficiently, validators are required to provide stable and secure services. Blockchains often enforce this by slashing a validator’s stake for dishonest or malicious behavior. To run a successful validator node, an agent needs to be committed to a selected blockchain and run a secure and continuously available infrastructure. Some blockchains have a significant lockup period (during which validators cannot retrieve their coins) as well as certain minimum thresholds for staking. To avoid dealing with all these requirements, many owners of crypto assets prefer to delegate their coins to a validator running a staking pool. Some blockchains (like Tezos) have a built-in mechanism that allows anyone who does not want to be a validator to delegate their coins to a validator on the network. This validator then performs all the work and shares the reward with their delegators. Every PoS blockchain has a specific set of rules for its validators. These rules define the technical and financial requirements to become a validator (for example, a minimum stake size), the algorithms of selecting validators to perform an actual validating task, and the principles of the reward distribution among the validators. The rewards are usually calculated based on the stake size, the actual participation in the consensus mechanisms, and the total amount of coins at stake.
Token holders who want to stake their tokens but do not want to run a validator node are called delegators. They can still contribute to the networks’ security and earn rewards by delegating their tokens to a validator of their choice and thus use the validator’s infrastructure instead of setting up and maintaining their own servers. For some networks, in the event of a validator misbehaving according to the protocol, delegators of the respective validator will also be penalized by the blockchain network in proportion to their staked assets. We, therefore, advise you to carefully choose your validator infrastructure.
Non-custodial staking refers to the process of using a validator’s infrastructure by delegating the capability to work for the blockchain and provide infrastructure to the blockchain and ultimately earn rewards by the blockchain network for doing so to someone else. This applies to every Proof-of-Stake token. Delegating tokens is not the same as sending tokens, because delegators do not transfer ownership in the token itself. The original holder remains the legal owner of the tokens at all times. Hence, the holder does not give up custody of his/her token.
Proof-of-Stake blockchains are inflationary as new tokens are rewarded for generating and validating new blocks. Token holders who are not engaging in the staking process – either by operating as a validator themselves or by delegating their tokens to validators and thus using the validator’s infrastructure – stand to lose out on rewards and see their assets getting diluted over time.
Since we offer non-custodial delegation services for our networks, we never have control over your assets. Rest assured, you are always in full control of your assets and can withdraw the delegation at any time. By delegating to us, your assets are virtually added to our stake. The blockchain network automatically transfers rewards to your wallet address and we keep a small fee as a consideration for operating the infrastructure you use. We offer a transparent service and operate industry-grade architecture in order to achieve our goal to always meet the protocol’s service levels (e.g. no double signing; going offline etc.) and to avoid slashing.
Our validation services are non-custodial. We, therefore, have no access to your tokens at any point in time. It is simply impossible from a technical perspective. You maintain full control over your tokens at all times.
The MultiversX blockchain has 4 shards (3 transaction shards and 1 metachain shard). Each shard has 800 validators assigned to it. 400 are eligible and 400 are waiting. The ones waiting are showing with a clock in the explorer. The ones that are eligible are working and will receive rewards at the end of epoch. The epoch time is 24 hours. At the end of each epoch, 80 validators are randomly selected from each shard (total 320) and put at the end of the shard waiting list (showing with a clock in the explorer). 320 validators are taken from the head of the shard waiting list and are distributed randomly into each of the 4 shards (80 validators to each shard). Validators added to the shard waiting list will spend 5 days on the waiting list until being selected again to be eligible. During the waiting time, the validator details page in the explorer will show “not in consensus” and in those days the node doesn’t receive rewards. Over time, the amount of time spent in the shard waiting list and the amount of time spent in the shard eligible and working will average out to 50/50.