

De-fi
0xMaki Proposes Ordinals-Inspired ‘Heroglyphs’ To Incentivize Solo Stakers – Crypto News
Heroglyphs facilitates the creation of tokens that only solo Ethereum validators can mine.
0xMaki, a SushiSwap co-founder and core contributor, unveiled Heroglyphs, a forthcoming project that aims to incentivize and reward solo validators.
Heroglyphs seeks to encourage the proliferation of node operators by transforming produced as a byproduct of validating transactions into economically valuable on-chain activity.
The project seeks to offset the centralization impact of liquid staking, which it says has reduced the technical barriers to users participating in Ethereum staking at the expense of consolidating the network’s validator ecosystem within a small pool of specialized node providers.
“Liquid staking bifurcates the security of the Ethereum network between purely economic contributors, who supply ETH token, and validation contributors, who operate nodes,” Heroglyphs said. “We propose a set of frameworks and tools for refining the waste byproducts of Ethereum transaction validation into an increasingly valuable and specialized set of on-chain operations.”
The launch of Heroglyphs follows long-term discussions surrounding how to better incentivize solo staking, which bolsters the decentralization of Ethereum’s consensus layer.
Last year, Justin Drake, a researcher at the Ethereum Foundation, tipped that efforts were underway to identify the wallets of solo stakers in a bid to reward them with “special airdrops.” Several projects have since included allocations for solo validators when airdropping tokens to users and ecosystem participants, including drops from Starknet and Omni in 2024.
The rise of liquid staking also elevated concerns about the decentralization of Ethereum validators, with Lido alarmingly controlling more than 32% of staked Ether for much of the past year. However, Lido’s market share currently sits at 28.6% after the emergence of liquid restaking began enticing users away from liquid staking protocols.
As of this writing, Lido, Coinbase, Binance, EtherFi, and Kiln collectively control more than half of staked Ether’s supply, according to Dune Analytics.
Graffiti
The Heroglyphs protocol seeks to leverage “Graffiti,” which it describes as small pieces of arbitrary data validators can include in proposed blocks.
The protocol spans an “encoder” and “translator,” with the encoder serving to densely embed information within transaction Graffiti. The translator can then transform Graffiti into various on-chain operations, including the creation and transfer of tokens — exclusively allowing node operators to mine fairly issued tokens encoded in Graffiti.
The protocol takes inspiration from Bitcoin Ordinals, which use inscription to encode tied to Satoshis, the smallest divisible units of BTC, to create NFT-like assets and fungible tokens. “Ordinal Inscriptions… proved that any spare blockspace is valuable,” Heroglyphs said.
The project also seeks to reward node operators regardless of the size of their stake or whether they are selected as block proposers, providing consistent rewards to validators for their participation.
“Control over Graffiti is equitably held by validators,” Heroglyphs said. “This counters the economic advantage that larger operators currently hold by providing smaller validators with a stronger economic foundation from which to operate.”
-
Blockchain1 week ago
Crypto Hedge Fund Veterans Seek $100M to Buy BNB, Emulating Saylor’s Bitcoin Strategy – Crypto News
-
Blockchain1 week ago
Change In US Crypto Laws May Affect Charges In Do Kwon’s Criminal Case – Crypto News
-
others7 days ago
Gold retreats while Fed Powell and President Trump clash over interest rates – Crypto News
-
Technology1 week ago
Branded smartwatches under ₹5000 for style and functionality: Top 10 picks for everyday wear – Crypto News
-
Blockchain1 week ago
Best Crypto to Buy as Polymarket Nears $1B Valuation – Crypto News
-
others1 week ago
Tariffs may be adding a quarter of a percentage point to inflation right now – Crypto News
-
Technology1 week ago
Best laptops under ₹40,000 (June 2025) with latest processors, SSD storage, and Windows 11 features, Top 10 picks – Crypto News
-
Technology1 week ago
Top 10 air coolers for monsoon: Handpicked products for effective cooling from trusted brands – Crypto News
-
Cryptocurrency1 week ago
SHIB Price Prediction for June 26 – Crypto News
-
Cryptocurrency5 days ago
Friday charts: Retail is one-upping Wall Street – Crypto News
-
Blockchain1 week ago
Investor Anthony Pompliano Launches $1B Bitcoin Treasury Firm – Crypto News
-
Blockchain1 week ago
Anchorage to Integrate Uniswap to Wallet for Insitutional DeFi – Crypto News
-
Cryptocurrency1 week ago
Bitcoin rallies to $106K on Mideast ceasefire news; Circle shares continue explosive climb – Crypto News
-
Cryptocurrency1 week ago
What next for XRP after breaking above the $2.15 resistance? – Crypto News
-
Technology1 week ago
US judge rules Anthropic’s use of books for AI training is fair use: All you need to know – Crypto News
-
Blockchain1 week ago
Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align – Crypto News
-
others7 days ago
EUR/JPY steadies near 169.00 as traders await the next catalyst – Crypto News
-
Blockchain1 week ago
Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark – Crypto News
-
Blockchain1 week ago
Bearish Breakdown Meets Bullish Flag, Which Will Prevail? – Crypto News
-
Blockchain1 week ago
Bearish Breakdown Meets Bullish Flag, Which Will Prevail? – Crypto News
-
Technology1 week ago
OpenAI and Jony Ive’s AI hardware ambitions hit roadblock over trademark dispute: Report – Crypto News
-
Technology1 week ago
Turkey plans stricter crypto rules to fight money laundering – Crypto News
-
others1 week ago
Winnebago Industries (WGO) tops Q3 earnings estimates – Crypto News
-
Cryptocurrency1 week ago
US Housing Chief Orders Fannie Mae, Freddie Mac to Prepare for Crypto Assessment in Mortgages – Crypto News
-
others6 days ago
AI-Focused Layer-1 Blockchain Altcoin SAHARA Flames Out Following New Binance Listing – Crypto News
-
others1 week ago
Walmart Ordered To Pay $10,000,000 After Retail Giant Allegedly ‘Turned a Blind Eye’ to Scammers Exploiting Customers – Crypto News
-
others1 week ago
Indian Rupee recovers as Oil falls post Iran strike, Fed dovish signals limit US Dollar strength – Crypto News
-
Blockchain1 week ago
Cutting Block Times To Boost Performance – Crypto News
-
others1 week ago
US stocks downplay Iran retaliation concerns as indices edge higher – Crypto News
-
others1 week ago
Bank of America, Netflix and Apple Customers Targeted by Widescale Google Search Scams: Report – Crypto News
-
Blockchain1 week ago
Taker Buy Volume Spikes Sharply – Crypto News
-
Cryptocurrency1 week ago
Solana-based StarFun lets projects raise capital with crypto – Crypto News
-
De-fi1 week ago
Synaptogenix Acquires Bittensor’s TAO for AI Crypto Treasury – Crypto News
-
others1 week ago
Right now, we’re in watch and wait mode – Crypto News
-
De-fi1 week ago
Barclays to Ban Crypto Purchases via Credit Card – Crypto News
-
Cryptocurrency6 days ago
Vodafone Share Price Tests 78p Ahead of July Earnings, Is a Breakout Imminent? – Crypto News
-
Cryptocurrency6 days ago
TRON price forecast as USDT supply surpasses $80 billion – Crypto News
-
Technology1 week ago
Google introduces AI-powered Chromebook Plus 14: Features, specifications, and more – Crypto News
-
Cryptocurrency1 week ago
Polymarket ‘politics’ markets surge, Celestia rethinks consensus – Crypto News
-
others1 week ago
Bitcoin (BTC) and Ethereum (ETH) Lead $1,240,000,000 of Inflows to Crypto Products Despite Geopolitical Tensions: CoinShares – Crypto News
-
others1 week ago
German IFO Business Climate Index rises further to 88.4 in June vs. 88.3 expected – Crypto News
-
others1 week ago
Jerome Powell testifies Fed is well-positioned to wait to learn more about economy – Crypto News
-
Blockchain1 week ago
Aptos and Jump Crypto Launch Shelby, a Web3 Cloud Storage Platform – Crypto News
-
De-fi1 week ago
Dragonfly-Backed Codex Launches Blockchain for Stablecoins with Native USDC Support – Crypto News
-
Technology1 week ago
US judge rules Anthropic’s use of books for AI training is fair use: All you need to know – Crypto News
-
Blockchain1 week ago
Many Senators Absent From ‘Bipartisan’ Crypto Market Structure Hearing – Crypto News
-
Blockchain1 week ago
Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities – Crypto News
-
others1 week ago
Australian Dollar advances as US Dollar struggles following Israel-Iran ceasefire – Crypto News
-
Cryptocurrency1 week ago
BTC holds $106K; analysts point to institutional integration, on-chain innovation – Crypto News
-
Cryptocurrency1 week ago
XRP crashes 12.5% in TVL, ETF delay and war fears trigger selloff – Crypto News