Witness Chain announces enabling DePINs on the Ethereum network
Witness Chain lately introduced that it’s enabling DePINs on the Ethereum community. The announcement was made on the official X account of Witness Chain.
The string of tweets talked about how Witness Chain is utilizing Polygon Labs and EigenLayer CDK for the event. The blockchain firm additionally named the ventures affiliated with this system over X.
Witness Chain’s DCL (DePIN Coordination Layer) is now the very first bodily state consensus protocol that may unify a siloed DePIN infrastructure. Sooner or later, DePINs can be utilized to share worth, bootstrap infrastructure, and entry higher monetary instruments.
With the DCL, the Witness Chain is enabling:
- An added layer of safety with Twin Staking entry
- A platform for dApp builders to develop DePIN-based DeFi
- Composability and discoverability through different DePINs
- Programmable bootstrapping economics
Operated by the globally distributed watchtower community, Witness Chain permits open participation from any EigenLayer node operator. Such watchtowers can be utilized to facilitate bodily consensus throughout a number of DePINs.
As well as, a couple of days in the past, Ankr added Ethereym safety to its Web3 protocol. The addition is taken into account Ankr’s most vital function, combining protected node operations, environment friendly scaling providers, and revolutionary liquid staking applied sciences.
Witness Chain is pioneering a streamlined financial system the place DePIN can provide a standard stage for shared worth technology. With its AVS (Actively Validated Service) on EigenLayer, Witness Chain will grow to be the muse for a revolutionary imaginative and prescient.
DePINs have entry to a shared platform via Witness Chain that permits them to succeed in an settlement on their bodily situation. Moreover, it makes means for future strategies like Proof of Location and Proof of Bandwidth.
The DeFi neighborhood is warmly welcoming these updates, paving the trail to success for Witness Chain.
