ThunderCore Blockchain partners with Huobi, MyCointainer in Node Expansion
TAIPEI, 5 January 2023 /PRNewswire/ — Top 5 Blockchain ThunderCore is making a push for ecosystem development, partnering with a number of new validators as the chain rolls out its new one cryptocurrency staking model. At the same time, ThunderCore is leveraging this promising development to expand its presence in decentralized finance (DeFi), making overtures to leading protocols.
The latest ThunderCore validators include the famous virtual assets Exchange Huobi and one of the earliest stake platforms in space, MyCointainer. Users of both will now be able to stake ThunderCore’s native asset TT to earn rewards.
Unlike proof-of-work (PoW) blockchains like BitcoinThunderCore is an environmentally friendly proof-of-stake (PoS) chain, meaning that the consensus mechanism for validating transactions is based on incentivized crypto strike.
ThunderCore’s new PoS staking model, also known as ThunderCore 2.0, will dramatically increase both user effort and validation nodes. Such decentralization is critical to securing PoS chains like ThunderCore, which must withstand coordinated attacks from malicious actors seeking to control two-thirds of the network, while adding more trusted validators also improves scalability and accelerates user growth.
Validator extension
As a new partner, Huobi will implement and maintain a ThunderCore node, further securing the ThunderCore ecosystem. In addition, Huobi’s tens of millions of users will have access to ThunderCore PoS staking, while TT will be available for staking on Huobi Earn.
In addition to serving a node, MyCointainer will allow deposits and withdrawals on the platform. MyCointainer users will have access to TT trading pairs against BTC, USDT and other major crypto and fiat pairs.
The expansion of the validator network represents a significant step forward for ThunderCore, solidifying its position as a leading blockchain.
DeFi outreach
With the new one ThunderCore 2.0 PoS stake model, the popular blockchain has overhauled its tokenomics, aiming to become an even bigger DeFi player in the coming years. Already cared for it native DeFi ecosystemThe ThunderCore developers are now seeking to curate top DeFi protocols such as Curve Finance, AAVE, SushiSwap, Stargate and many others.
The ThunderCore team has started this effort by making approaches to the leading DeFi projects. Here is one suggestion from the developers presenting their case as to why the protocol should be deployed on ThunderCore. Diversifying ThunderCore’s native DeFi ecosystem allows the team to build a brighter future with the support of the project’s multi-chain functionality, decentralization, and community-driven economy.
The team offers ThunderCore’s user retention and mass adoption strategy (above 400K monthly active users), one-stop-shop TT Wallet, high levels of interoperability, extensive partnerships and a variety of developer incentives and tools, among others.
Similar proposals are being worked on for the other major DeFi protocols.
Future expectations
ThunderCore will continue to welcome new validators to its PoS network. This is in line with the team’s commitment to providing a secure and decentralized platform for users. Adding new, reputable organizations to the validator network improves the security of the blockchain, making it a top choice for decentralized applications. Meanwhile, increased effort rewards under the new tokenomics are a tangible benefit to the community that promotes the same goals.
ThunderCore will be too encouraging more DeFi projects to open up shop. The high-performance chain offers many benefits for DeFi, including sub-second transactions, gas fees at a fraction of a cent, and massive scalability. These features make ThunderCore an ideal home for DeFi developers looking to build and grow on a reliable and secure network.
ThunderCore for developers
ThunderCore is among the most hospitable homes for developers in the Web3 industry. The company has long believed that if you attract the best developers, users will follow. To that end, they have made various efforts to nurture their developer community:
ThunderGene API as welll
ThunderCore’s cutting-edge API tools enable easy integration of Web3 features into Web2 apps. With ThunderGeneis it possible to make non-fungible tokens (NFTs) and fungible tokens inside a Web2 app while outsourcing the burden of wallet security to the groundbreaking TT Wallet.
100 million dollars The Web3 Foundation
Along with partners 886 Studios and Outliers Fund, ThunderCore maintains a 100 million dollars fund to assist those who want to build decentralized applications on their chain.
Developer growth fund
In addition to the 100 million dollars Web3 Fund, ThunderCore also runs one Developer growth fund, which is about to undergo a major update. The fund guides projects to completion with technical, sales promotion, financial and operational assistance.
Follow along The ThunderCore Blog for the latest news about the fund and other news.
About ThunderCore
ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. Its proof-of-stake (PoS) architecture and strong developer support provide a battle-tested home for the next generation of crypto builders to create in Web3, DeFi, NFTs, GameFi and the metaverse with unlimited scope.
The growing ThunderCore ecosystem is powered by its popular native asset, TT, which can be stored in the feature-rich TT wallet, along with other supported project assets.
ThunderCore’s breakthrough consensus protocol “PaLa” overcomes the “trilemma” of scalability, helping the ThunderCore network generate up to 4,000 transactions per second (TPS) with sub-second confirmation times and ultra-low gas fees at a fraction of a cent.
Created in 2017 by Silicon Valley tech entrepreneurs Chris Wang to help solve Ethereums scalability issues, ThunderCore has an international user base that spans over 100 countries. It measured over 500,000 monthly active users in December 2021making it one of the most actively used chains in the world, according to DappRadar.
Institutional investors in ThunderCore include MetaStable, Hashed, Electric Capital, Huobi Capital, Pantera, Zhen Fund, Kenetic Capital, Arrington XRP, Capitaland and Draper Dragon, among others.
SOURCE ThunderCore
