How SenseiNode Is Building Proof-of-Stake Infrastructure in Latin America

A lot of attention is paid to the decentralization of the Bitcoin network.

Bitcoin miners should set up shop in a number of different jurisdictions in order to prevent any kind of regulatory capture of the network, so the thinking goes. Some members of the crypto community even saw China’s 2021 crypto ban as a positive because it forced mining operations — up until then clustered in the Middle Kingdom — to spread out to various other continents.

That discourse isn’t as prevalent when it comes to Proof-of-Stake networks like Ethereum and Solana, but staking firm SenseiNode aims to make such blockchains as resilient as possible by spinning up validator infrastructure in Latin America.

“When we started, 99% of nodes were located in Europe, the US and some in Asia,” SenseiNode CEO Pablo Larguia told CoinDesk in an interview. “We were the first to bring geographic and jurisdictional decentralization to Latin America.”

With roughly $800 million worth of assets staked through its platform, SenseiNode is the 15th largest staking firm globally. The largest of them, Kiln, manages over $7 billion.

SenseiNode operates in various Latin American countries, including Brazil, Argentina, Mexico, Chile, Costa Rica and Colombia. It also has nodes set up in the U.S. and Germany. The common point in all of these jurisdictions is that SenseiNode uses local and regional data centers.

“Most of the nodes in the US and Europe are hosted in Amazon Web Services. At the end of the day, that’s a point of centralization,” Larguia said.

Data centers in Latin America usually aren’t as advanced as Western ones, however, which has forced SenseiNode to take on an educational role in some cases and help build the necessary infrastructure to run staking services.