How does EigenLayer work?

By restaking their ETH, validators not only secure their own investments but also reinforce the resilience of the broader blockchain ecosystem. The mechanism effectively amalgamates security resources, creating a formidable shield against potential threats.

EigenLayer serves as a pivotal platform, empowering Ethereum validators to reinvest their ETH in a unique process known as restaking. This innovative approach enables validators to contribute to the security of additional protocols, collectively referred to as Active Validated Services (AVS).

In addition to spot trading, BTCC also boasts a robust futures platform, where traders can engage in more sophisticated trading strategies, leveraging the power of derivatives to hedge risks or speculate on future price movements. Furthermore, BTCC offers a secure wallet service, safeguarding users' digital assets with robust security measures.

The pooled security achieved through restaking significantly raises the bar for potential attackers, making it economically unfeasible to launch devastating attacks. This heightened security level fosters a more stable and trustworthy environment for all participants.

EigenLayer's restaking mechanism serves as a catalyst for building a stronger ecosystem, where validators can collaborate to safeguard multiple protocols simultaneously. This collaborative effort underscores the importance of collective action in maintaining the integrity of blockchain networks.