Animoca Brands Joins Core Network as a Validator Node and Teams Up for DApp Integration
In Brief
Core has announced that Animoca Brands has established a validator node within its ecosystem, aiming to enhance governance and bolster the stability of the blockchain.
Bitcoin-powered Layer 1 blockchain Core unveiled that Animoca Brands The company has set up its validator node on the network, which is crucial for transaction verification, ensuring the ledger's accuracy, and improving the network's security. By assuming this role, Animoca Brands will actively participate in governance and aid in stabilizing the Core blockchain.
In addition to managing a validator node, Animoca Brands aims to collaborate with Core developers to integrate decentralized applications (dApps) from its portfolio of investments. This partnership will leverage the strengths of various projects to enhance the DeFi capabilities of the Bitcoin ecosystem—BTCfi.
Animoca Brands excels in digital entertainment, blockchain innovations, and gamification techniques. By leveraging blockchain technology, it ensures digital property rights for clients globally, playing a pivotal role in shaping a more accessible open metaverse.
What Does Core Chain Offer?
Core Chain Core represents a Layer 1 network that is compatible with the Ethereum Virtual Machine (EVM), designed to act as a scalable smart contract platform that complements Bitcoin. Its groundbreaking feature is the Satoshi Plus consensus mechanism, which ingeniously integrates Delegated Proof of Work (DPoW), Delegated Proof of Stake (DPoS), and Non-custodial Bitcoin Staking.
Through this innovative blend, Core Chain enhances the security of Turing-complete smart contracts for Bitcoin miners, transitioning their role from merely maintaining the Bitcoin ledger to allowing them to generate additional income through CORE token rewards.
With a foundation rooted in the Satoshi Plus Consensus Mechanism and a focus on BTCfi, Core is closely aligned with Animoca Brands the commitment to expanding opportunities within the Bitcoin ecosystem for developers and decentralized applications. It promises high scalability and robust security, positioning itself as a preferred platform for projects keen on tapping into the advantages of decentralized finance (DeFi) on the Bitcoin network.
Currently, Core Chain has over 4,800 BTC staked, translating to a staggering total value exceeding $180 million. This substantial amount makes Core Chain an attractive option for developers, users, and institutions working in the Web3 environment, particularly in the BTCFi landscape.
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