What is EigenLayer?

EigenLayer introduces a restaking model, aiming to resolve the fragmented security landscape in blockchain networks. Restaking allows staked ETH to be reused, providing additional security for other protocols while maintaining Ethereum’s base security. Through EigenLayer, participants can earn additional rewards by securing multiple protocols but must also accept the risks of potential slashing penalties from those protocols.Challenges and Solution Offered by EigenLayerEthereum’s security is ...