Cointime

Cointime

Download App
iOS & Android

ThunderCore Blockchain Partners with Huobi, MyCointainer in Node Expansion

Validated Project

ThunderCore Blockchain Partners with Huobi, MyCointainer in Node Expansion

The Top 5 blockchain ThunderCore is making an ecosystem-development push, partnering with a host of new validators as the chain rolls out its new cryptocurrency staking model. At the same time, ThunderCore is leveraging these promising developments to expand its presence in decentralized finance (DeFi), making overtures to leading protocols.

The newest ThunderCore validators include the famous virtual asset exchange Huobi and one of the earliest staking platforms in the 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 Bitcoin, ThunderCore is an environmentally friendly proof-of-stake (PoS) chain, which means that its consensus mechanism for validating transactions is based on incentivized crypto staking.

ThunderCore’s new PoS staking model, also known as ThunderCore 2.0, will dramatically increase both user staking and validator nodes. Such decentralization is crucial to secure PoS chains like ThunderCore, which must withstand coordinated attacks by malicious actors seeking to control two-thirds of the network, while adding more trustworthy validators also improves scalability and accelerates user growth.

Validator expansion

As a new partner, Huobi will implement and maintain a ThunderCore node, further securing the ThunderCore ecosystem. Additionally, Huobi’s tens of millions of users will have access to ThunderCore PoS staking, while TT will be available to stake on Huobi Earn.

On top of operating a node, MyCointainer will allow for deposits and withdrawals on the platform. MyCointainer users will have access to TT trading pairs against BTC, USDT, and other major cryptos 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 ThunderCore 2.0 PoS staking model, the popular blockchain has overhauled its tokenomics, aiming to become an even bigger DeFi player in the years to come. Having already nurtured its native DeFi ecosystem, the ThunderCore developers are now seeking to court top DeFi protocols such as Curve Finance, AAVE, SushiSwap, Stargate and many others.

The ThunderCore team has begun this effort with making approaches to the leading DeFi projects. Here’s one proposal from the developers presenting their case as to why the protocol should deploy 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 feature, decentralization, and community-driven economics.

The team offers ThunderCore’s user-retention and mass-adoption strategy (over 400K monthly active users), one-stop-shop TT Wallet, high levels of interoperability, extensive partnerships, and range of developer incentives and tools, among other points.

Corresponding proposals are in the works for the other major DeFi protocols.

Future expectations

ThunderCore will continue to welcome new validators to its PoS network. This aligns with the team’s commitment to providing a secure and decentralized platform for its users. Adding new, reputable organizations to the validator network enhances the security of the blockchain, making it a top choice for decentralized applications. Meanwhile, increased staking rewards under the new tokenomics are a tangible benefit to the community that furthers the same goals.

ThunderCore will also be 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, then the users will follow. To that end, they have made various efforts to nurture their developer community:

ThunderGene API Tool

ThunderCore’s groundbreaking API tool allows for the easy integration of Web3 features into Web2 apps. With ThunderGene, it’s possible to create non-fungible tokens (NFTs) and fungible tokens inside a Web2 app while outsourcing the burden of wallet security to the cutting-edge TT Wallet.

$100M Web3 Fund

Along with partners 886 Studios and Outliers Fund, ThunderCore maintains a $100M fund to assist those who would like to build decentralized applications on its chain.

Developer Growth Fund

In addition to the $100M Web3 Fund, ThunderCore also operates a Developer Growth Fund, which is about to undergo a major update. The fund guides projects to completion with technical, promotional, financial, and operational assistance.

Huobi Blockchain
Comments

All Comments

Recommended for you

  • BTC breaks through $68,500

    Golden Finance reported that the market showed BTC breaking through $68,500 and is currently trading at $68,501.99, with a 24-hour increase of 2.56%. The market is volatile, so please be prepared for risk control.

  • Tapioca DAO suspected of security attack

    According to Aggr News, Tapioca DAO, a full-chain currency market based on LayerZero, may have been subject to a security breach. The specific details are currently unclear, and users should remain vigilant and avoid interacting with unknown links or suspicious activities.

  • EigenLayer X account suspected to be hacked, posting fraudulent links

    EigenLayer X account is suspected to have been hacked, and a tweet was posted about the re-allocation of the remaining EIGEN tokens for the 2nd season Stakedrop, which includes a fraudulent link. Users should be cautious when interacting with it.

  • UAE to introduce legal framework for DAOs

    The United Arab Emirates is focusing on introducing a legal framework for decentralized autonomous organizations (DAOs) in the Ras Al Khaimah Digital Asset Oasis (RAK DAO), a free economic zone dedicated to digital assets. Law firm NeosLegal and RAK DAO announced that the new system will be launched and discussed at the DAO Legal Clinic on October 25th. Irina Heaver, a partner at NeosLegal, said that the framework is expected to clarify how DAOs can remain legally compliant, and she believes this will have a significant impact on decentralized governance in the UAE and the wider Web3 ecosystem. The announcement emphasizes that the legal structure will clarify tax obligations and benefits. It will also establish property rights for on-chain and off-chain assets and provide legal protection for the founders, members, and contributors of the DAO from personal liability. The legal framework will also enable DAOs to enter into legally binding contracts and establish guidelines for resolving internal and external disputes.

  • Data: U.S. public debt surges in the past three weeks, increasing by $455 billion

    On October 18th, according to Bloomberg terminal data, as of October 15th, 2024, the total amount of US public debt reached a historic high of approximately $35.75 trillion. In just the past three weeks, US debt has increased by $455 billion.

  • Montenegro to determine Do Kwon's extradition fate this weekend

    According to Cryptoslate, the Minister of Justice of Montenegro, Bojan Božović, confirmed that a decision has been made regarding the extradition of Do Kwon, co-founder of Terraform Labs, and the extradition agreement will be signed before the end of this week. This decision was made after a long and controversial legal process that lasted for several months. Božović did not provide further comments on the details of the case, nor did he disclose where Kwon will be extradited to. He said, "As Minister of Justice, I have no further comments other than those already ruled by the Supreme Court."

  • Shenyu: The widespread existence of blind signature issues provides hackers with opportunities to take advantage of, and the problem must be solved

    Bitfish (@bitfish1) posted on X platform, stating that when there are security risks on the front end, hardware wallets should ensure asset security as the last line of defense. However, at present, blind signature issues are prevalent, which provides hackers with opportunities. This problem must be solved.

  • Deutsche Börse Clearstream: D7 platform has issued over 10 billion euros in digital bonds

    Deutsche Börse's Clearstream announced that its digital securities platform D7 has issued over 10 billion euros (11 billion US dollars) in digital bonds. Currently, D7 is mainly used for two types of issuance, namely large digital bonds and structured products. From a technical perspective, the D7 platform uses DAML smart contracts, and the latest version of DAML supports the Canton blockchain. Previously, Clearstream also participated in a practical experiment using the French wholesale central bank digital currency CBDC for settlement.

  • MarbleX and Netmarble Launch $20 Million Ecosystem Promotion Plan

    Ethereum game platform Immutable has announced a partnership with the blockchain game division Marblex of South Korean gaming giant Netmarble. The collaboration will migrate Marblex's ecosystem and its multiple games from the Klaytn blockchain to the Ethereum Layer 2 network Immutable zkEVM. The games include "Ni no Kuni: Cross Worlds", "A3: Still Alive" and "Meta World: My City", and the two parties will also launch an "ecosystem promotion plan" to provide up to $20 million in support to developers to attract new games to join Marblex and Immutable. It is currently unclear whether the Immutable migration will affect Saga's plans, and the project representatives have not commented on the issue.

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company