ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model.
The newest ThunderCore validators include the famous crypto-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 a 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 by making overtures to the leading DeFi projects.
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…
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