Tanssi expands capabilities to Ethereum, enabling rapid deployment of decentralized networks

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Tanssi Protocol Expansion
  2. Advantages of Symbiotic Integration
  3. Future of Decentralized Networks on Ethereum


    4. Tanssi Foundation announces the expansion of the Tanssi protocol to Ethereum, enabling the rapid launch of decentralized networks (AVS) in minutes. This expansion is driven by a strategic collaboration with Symbiotic, a leading restaking protocol.

    Tanssi Protocol Expansion

    The expansion of the Tanssi protocol to Ethereum enables developers to create highly customizable and decentralized networks leveraging Ethereum’s robust security. Tanssi simplifies the process, reducing launch times from months to minutes and streamlining network management.

    Advantages of Symbiotic Integration

    Integration with Symbiotic allows networks on Ethereum to tap into billions of dollars in shared security from staked ETH. This enhances decentralization by providing a permissionless network of operators for block production, ensuring fast transaction finality.

    > > “Tanssi is providing developers in the Symbiotic ecosystem with an easy-to-use interface to one of the most sophisticated and battle-tested blockchain development stacks. By integrating with Symbiotic’s shared security protocol, projects using Tanssi can tap into Ethereum’s liquidity and launch an appchain with restaking functionality in minutes,” says Felix Lutsch, Head of Ecosystem at Symbiotic. >

    Future of Decentralized Networks on Ethereum

    Tanssi introduces new possibilities for developers through the integration of Substrate’s flexible SDK, allowing complete customization of AVS. This includes application-specific blockchains, alternative VMs, bridges, data availability layers, and more. Tanssi is expected to catalyze growth in Ethereum’s restaking security market, making decentralization and accessibility easier.

    > > Francisco Agosti, Tanssi Co-founder, says, “Decentralized networks, also known as Actively Validated Services (AVS), offer new possibilities for applications that don’t fit within the rollup model. Tanssi changes the game by providing a fully customizable, decentralized environment where developers can launch Ethereum-based networks in minutes." >

    Supported by investors like Arrington Capital, SNZ, HashKey, Borderless, and Fenbushi, Tanssi has raised $9M to fuel its growth. With over 2,000 application-specific blockchains already deployed on its testnet, Tanssi is set to establish a new standard in the Ethereum ecosystem, with its mainnet launch expected in early 2025.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ambire Launches Ice Hardware Wallet to Improve Safe Transaction Security

Ambire has launched its Ice hardware wallet, designed to decode Safe transactions and alert users to changes in account control.

user avatarGustavo Mendoza

Bitcoin Core 321 Release Introduces Key Network and Privacy Changes

The Bitcoin Core 321 release brings significant updates to network management, privacy features, and interface adjustments, while earlier versions 312 and 304 focus on maintenance.

user avatarRajesh Kumar

Mercado Bitcoin and Sui Integrate SUI and Stablecoins for Enhanced Financial Services

Mercado Bitcoin and Sui have announced a significant integration that will allow users to access SUI, USDC, and USDsui, facilitating purchases, sales, and transfers.

user avatarMiguel Rodriguez

Polymarket Reports on October 29 Security Incident

Polymarket reports on a security breach that occurred on October 29, 2023, involving a compromised monitoring script, leading to $39 million in refunds.

user avatarLuis Flores

KuCoin Stops Services for Russian and Belarusian Users

KuCoin has announced the discontinuation of all services for users in Russia and Belarus, effective immediately as of October 29, due to legal and regulatory requirements.

user avatarArif Mukhtar

FCA Confirms HTX Has Ceased Operations in the UK

The Financial Conduct Authority (FCA) has confirmed that HTX is no longer active in the UK following a settlement regarding financial promotions.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.