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$100M Ethereum Whale Asserts Claim On Starknet Airdrop Share | Bitcoinist.com

16 February 2024
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An Ethereum whale has not too long ago asserted a declare over the anticipated Starknet airdrop. This solo node operator, aiming to take part within the Starknet (STRK) reward program, has taken the monumental job of independently operating a whopping 1000 validators.

The validators managed by the lone whale had been mistakenly recognized as a Centralized Trade (CEX), inflicting confusion about their eligibility for the airdrop as a result of sheer dimension of the operation.

ETH’s value traits to the upside on the day by day chart. Supply: ETHUSDT on Tradingview

Solo Operator Runs $90 Million Price Of Validators

In a latest X (previously Twitter) put up, a cryptocurrency group member disclosed {that a} Genesis solo staker, recognized as ‘Sullendef,’ on GitHub, single-handedly manages 1000 validators. The X group member revealed that these 1000 validators maintain a cumulative worth of round $100 million in Ethereum (ETH).

Usually, validators play a big function in securing and sustaining blockchain networks. Though they contribute to the general consensus mechanism of a blockchain, they will also be thought of extremely tough to handle. 

Working a validator calls for excessive technical experience and requires buying advanced and sometimes expensive {hardware} specs. Consequently, it’s commonplace for a lot of builders to categorical astonishment on the prospect of a node operator efficiently operating 1000 validators autonomously. 

The solo operator has brazenly shared on GitHub that he has been operating these validators utilizing his private laptop at house, underscoring his excessive dedication and technical prowess when navigating blockchain expertise.

Whereas there may be no laborious restrict to the variety of validators one can handle on a single machine, the numerous assets and bills required to run 1000 stay substantial. 

Lone Operator To Declare Huge STRK Airdrop

In a put up on GitHub, Sullendef revealed that his 1000 validators could have been mistakenly related to a outstanding cryptocurrency change, Kraken. The solo Staker has expressed apprehensions about the potential for their earned STRK airdrop rewards being unintentionally redirected to Kraken because of misidentification. 

Sullendef has disclosed his participation as one of many stakers eligible for the airdrops. He has remained actively concerned in the neighborhood, expressing frustration over a message obtained whereas trying to arrange a withdrawal handle. 

Presently, the Starknet Basis, a nonprofit start-up, plans to launch a provisions program, acknowledging contributions from Ethereum builders, stakers, and Starknet in the direction of advancing the community. The muse has introduced its intention to distribute over 700 million STRK to virtually 1.3 million addresses.

Rated, one of many organizations serving to Starknet within the airdrop course of is trying into the case. The group’s CTO, Ari Koliopoulos, replied to the mysterious whale. 

Starknet has acknowledged plans to reward Ethereum stakers who engaged in staking ETH earlier than the Proof of Stake (PoS) merge. The muse has acknowledged it could reward roughly 22% of the whole STRK provision allocation to those stakers. 

“You’re eligible to obtain multiple million STRK, to be distributed additional to your stakers. The Starknet Basis shall be in contact with somebody out of your group,” the message learn.

The lone node operator has acknowledged that he has by no means initiated communication with the Starknet Basis, urging a swift decision to stop misdirection of his airdrop rewards. It stays to be seen if the whale will obtained compensation. 

Cowl from Shutterstock, chart from Tradingview



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Tags: 100MAirdropAssertsBitcoinist.comClaimEthereumShareStarknetWhale
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