Core

Boost

Satoshi

Bitcoin

Security

On Thursday, July 11, Bitcoin-powered Layer-1 blockchain Core announced that Animoca bBrands will be launching a validator on the Core chain. This development comes amid a push to boost the security and stability of the Core blockchain network. 
<h2 id="animoca-brands-to-integrate-dapps-and-boot-btcfi">Animoca Brands to Integrate dApps and Boot BTCfi</h2> 
Validators have played a crucial role in verifying and validating transactions while maintaining the ledger’s accuracy and thereby contributing to its overall security. Thus, by being a validator, Animoca Brands will be actively participating in the governance and stability of the Core blockchain. As a result, Animoca will be working on supporting Core’s vision of unlocking $1.3 trillion of trapped liquidity on the Bitcoin <a href="https://coingape.com/glossary/blockchain/" target="_blank" rel="noopener">blockchain</a>. 
Along with running the validators, Animoca Brands will collaborate with Core contributors and select certain <a href="https://coingape.com/glossary/decentralized-applications-dapps/" target="_blank" rel="noopener">dApps</a> from its portfolio of Web3 investments. This initiative seeks to foster collaboration and innovation by harnessing the strengths of multiple projects to advance BTCfi. Speaking on the development, Brendon Sedo, Initial Contributor at <a rel="nofollow" href="https://coredao.org/explore/blog/core-announces-animoca-brands-has-launched-a-validator-on-core-blockchain" target="_blank">Core</a>, said: 
<blockquote>
 “We are thrilled to announce our collaboration with Animoca Brands, one of the most well-known companies in the Web3 space. By running a validator on the Core network, Animoca Brands is playing a crucial role in securing the Core chain and enabling BTCFi. This partnership marks the beginning of what we anticipate to be many future collaborations. We are excited about the future and remain committed to making Core the most Bitcoin-aligned blockchain, with Animoca Brands as a key partner in this journey.”
</blockquote> 
Also Read: <a href="https://coingape.com/shib-burn-skyrockets-4000-amid-shiba-inu-etf-buzz/" target="_blank" rel="noopener">SHIB Burn Skyrockets 4000% Amid Shiba Inu ETF Buzz</a> 
<h2 id="core-and-animoca-the-perfect-match">Core and Animoca – The Perfect Match</h2> 
The unique architecture of the Core chain backed by the Satoshi Plus Consensus Mechanism aligns perfectly with Animoca Brands’ mission of building and enhancing opportunities for ecosystem builders and dApps. 
Additionally, the Core chain provides unparalleled security and scalability thereby making it an ideal choice for projects looking to leverage the benefits of decentralized finance on the Bitcoin network. 
The addition of Animoca Brands as a validator represents a significant step in Core’s quest to establish a secure, decentralized, and efficient blockchain network. Animoca Brands also brings substantial experience and expertise in validator operations across multiple blockchains, enhancing Core’s network capabilities. 
Currently, the Core blockchain has a total of 4,800 BTC staked, valued at a staggering $180 million. These developments solidify Core Chain as a top choice for developers, users, and institutions in Web3, particularly in the BTCfi sector. 
To boost its market presence, Animoca is also planning for a <a href="https://coingape.com/animoca-brands-eyes-ipo-in-hong-kong-or-middle-east-in-2025/" target="_blank" rel="noopener">Hong Kong IPO</a> next year in 2025. 
Also Read: <a href="https://coingape.com/trump-vs-biden-election-outcome-unlikely-to-deter-bipartisan-support-for-crypto/" target="_blank" rel="noopener">Trump Vs Biden Election Outcome Unlikely To Deter Bipartisan Support For Crypto</a> 
The post <a href="https://coingape.com/animoca-brands-launches-validator-on-bitcoin-layer-one-core-to-boost-security/">Animoca Brands Launches Validator on Bitcoin L1 Core to Boost Security</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Animoca Brands Launches Validator on Bitcoin L1 Core to Boost Security

目錄

Coingape News Media

在 2024年7月12日發表的其他文章

BitMEX Downplays 2020 BSA Violation as Founders Settle Charges and Avoid Further Penalties

Expert Downplays Bitcoin’s Sub-30% Correction, Lists Positive Factors

XRP Price Prediction: Indicators Are Screaming a Repeat of the Explosive 2017 Rally; $3 Coming Soon?

What Is ARTEMIS COIN (ARTMS)? Is It A Promising Investment?

MakerDAO to Invest $1 Billion in Tokenized U.S. Treasuries

Cardano Surges 21.35% in a Week: Whale Activity and Market Developments Drive Prices

訂閱免費電子報，每天收取加密貨幣最新動態！