BEPAL, a multi-chain platform for the management of various crypto assets for both enterprise and retail users, has officially announced that they will operate a Wanchain Galaxy Proof of Stake node, and will offer WAN delegation services through the BEPAL wallet when Galaxy Consensus goes live on the Wanchain mainnet later this year.
Currently taking part in the Galaxy Consensus alpha test, BEPAL is set to offer WAN asset support by the 4th quarter this year. BEPAL will draw on their experience managing multiple crypto assets to develop their wallet as a comprehensive gateway to access various proof of stake functions.
Galaxy Consensus is the new proof of stake consensus mechanism proposed by the research team of EVM-based cross-blockchain solution Wanchain in their yellow paper released on March 31st, 2019. Galaxy Consensus is a practical PoS consensus protocol with a delegation mechanism which draws on the work of previous proof of stake protocols such as Cardano’s Ouroboros while also improving in a number of key areas such as random oracle and leader selection design.
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