tl;dr
- DeFi Technologies announces the creation of a validator node on Core Chain, a Bitcoin-powered blockchain compatible with EVM.
- The company will actively participate in network consensus, voting on proposals, and contributing to the growth of Core Chain.
- DeFi Technologies will stake 1,498 BTC on Core Chain, valued at over $100 million, as part of its commitment to the network’s economy and its new business line.
DeFi Technologies, a leading financial technology company bridging traditional financial markets with the crypto economy, has announced the creation of a validator node on Core Chain, an advanced blockchain powered by Bitcoin and compatible with EVM (Ethereum Virtual Machine).
This strategic move will enable DeFi Technologies to actively participate in network consensus, vote on proposals, and contribute to the growth and development of Core Chain. By joining other validators on the network, the company will strengthen the security and efficiency of the protocol, validating transactions and producing blocks on the blockchain.
In addition to its role as a validator, DeFi Technologies has decided to stake a significant amount of Bitcoin (BTC) on Core Chain. A stake of 1,498 BTC, valued at over $100 million. The company aims to leverage staking opportunities and contribute to the network’s economy.
DeFi Technologies Makes a Big Bet on the Future of Bitcoin
These decisions are part of the company’s new DeFi Infrastructure business line. Aimed at improving the underlying infrastructure of the decentralized finance ecosystem and supporting its long-term growth. The company has emphasized its commitment and desire to strengthen the industry through its active participation in Core Chain.
Olivier Roussy Newton, CEO of the firm. Expressed enthusiasm for the launch of the validator node on Core Chain. Describing it as a significant step towards the company’s goals. He also emphasized the importance of the strategic partnership with Core Foundation in developing innovative Bitcoin ETP products.
DeFi Technologies is solidifying its position as a leader in the blockchain industry. By launching a validator node on Core Chain and staking a significant amount of Bitcoin on the network. Its initiatives reflect its commitment to financial decentralization and its goal of driving industry and economic growth and innovation.
