Glossary - ChicksX

EigenLayer is a protocol enhancing blockchain security by allowing stakers to secure multiple networks with the same assets.

EigenLayer is a protocol designed to enhance blockchain security and efficiency. It enables users to "restake" their crypto assets, meaning they use the same staked tokens to secure multiple networks simultaneously. This reduces the need to lock up additional assets for each network and increases overall capital efficiency. EigenLayer thereby enhances security across various blockchain platforms while optimizing resource use. By leveraging existing staked assets, it offers a novel approach to network security and scalability, making it a valuable tool for blockchain ecosystems and users.