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What is EigenLayer? Ethereum’s restaking protocol, explained

What is EigenLayer? Ethereum’s restaking protocol, explained

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Source: Coin Telegraph

With EigenLayer, restakers earn additional rewards, while developers get access to Ethereum’s robust security with less investment.

EigenLayer aims to eliminate a critical barrier many new DApps face by providing developers with an established security framework.

Ethereum has come a long way since its launch in 2015. It has held its position as the most influential blockchain, successfully transitioned from proof-of-work (PoW) to proof-of-stake (PoS), and is the foundation for many innovative crypto projects. 

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Author: Max Moeller