Animoca Brands to Become Core Chain Validator
By Anthony Burr | TH3FUS3 Managing Editor
July 12, 2024 08:20 AM
Reading time: 1 minute, 32 seconds
TL;DR Core Chain is solidifying its position as a top choice for developers, with over 4,800 BTC staked, valued at $180 million. Core announced that Animoca Brands will launch a validator on the Core Chain. This development aims to boost the security and stability of the Core blockchain network.
Core Chain Solidifies Position
Core Chain is making waves in the blockchain space. With over 4,800 BTC staked, valued at $180 million, Core is becoming a top choice for developers. The announcement on Thursday, July 11, marked a significant milestone. Animoca Brands will be launching a validator on the Core chain.
Animoca Brands Joins Forces
Validators are crucial. They verify and validate transactions. They maintain the ledger's accuracy. By being a validator, Animoca Brands will actively participate in the governance and stability of the Core blockchain. This collaboration supports Core's vision of unlocking $1.3 trillion of trapped liquidity on the Bitcoin blockchain.
Alongside running the validators, Animoca Brands will work closely with Core contributors. They will select certain dApps from their Web3 investments. This initiative aims to foster collaboration and innovation. By harnessing multiple projects, they seek to advance BTCfi.
"We are thrilled to announce our collaboration with Animoca Brands," said Brendon Sedo, Initial Contributor at Core. "By running a validator on the Core network, Animoca Brands is playing a crucial role in securing the Core chain and enabling BTCFi."
Satoshi Plus Consensus Mechanism
The unique architecture of the Core chain is backed by the Satoshi Plus Consensus Mechanism. This aligns perfectly with Animoca Brands' mission.
They aim to build and enhance opportunities for ecosystem builders and dApps. The Core chain offers unparalleled security and scalability. This makes it an ideal choice for decentralized finance projects on the Bitcoin network.
A Significant Step Forward
The addition of Animoca Brands as a validator is a significant step. It strengthens Core's quest to establish a secure, decentralized, and efficient blockchain network. Animoca Brands brings substantial experience and expertise. They enhance Core's network capabilities.
With 4,800 BTC staked, valued at $180 million, these developments solidify Core Chain as a top choice for developers, users, and institutions in Web3, particularly in the BTCfi sector.
