Now that $DUA is officially listed on #Fundrs let's look at another way @duadotcom contributes to the AllianceBlock ecosystem.
A 🧵on dua's role as a validator and how it adds to greater security and decentralization 👇
#ALBT
A 🧵on dua's role as a validator and how it adds to greater security and decentralization 👇
#ALBT
The #blockchain space is highly fragmented, posing a major barrier to Web3 adoption 🥅
Earlier this year we introduced the AllianceBlock Bridge, a secure and #decentralized solution that enables dApps built on different blockchain base layers to interact with each other 🤝
Earlier this year we introduced the AllianceBlock Bridge, a secure and #decentralized solution that enables dApps built on different blockchain base layers to interact with each other 🤝
The Bridge harnesses @hedera Consensus Services hedera.com/consensus-serv… to create a trust layer that maintains an optimal balance between speed, security, and decentralization 🌉
Network validators underpin this decentralization ✍️
Network validators underpin this decentralization ✍️
A lack of interoperability between blockchains leads to a siloed environment in which different projects and #dApps cannot interact.
Incompatibility prevents #Web3 apps and services from reaching their full potential in terms of user numbers 🤷♂️
Incompatibility prevents #Web3 apps and services from reaching their full potential in terms of user numbers 🤷♂️
The AllianceBlock Bridge allows tokens, #NFTs, messages, and arbitrary data to be exchanged between blockchains with differing underlying protocols.
For #DeFi staking, yield aggregation, liquidity pooling, lending, and investment—can now communicate across all base blockchains.
For #DeFi staking, yield aggregation, liquidity pooling, lending, and investment—can now communicate across all base blockchains.
AllianceBlock Bridge differs from conventional bridges because a set of validators governs it.
The validator’s role is to observe all transactions on the source network and digitally sign them so that the recipient network can safely create the corresponding wrapped tokens 📝
The validator’s role is to observe all transactions on the source network and digitally sign them so that the recipient network can safely create the corresponding wrapped tokens 📝
The total number of validators is positively correlated with network security.
Thus the addition of dua as another validator for the AllianceBlock Bridge bolsters its security while deepening decentralization.
Thus the addition of dua as another validator for the AllianceBlock Bridge bolsters its security while deepening decentralization.
By becoming an additional validator for the AllianceBlock Bridge, @duadotcom is playing a key role in helping to strengthen the security of the platform while preserving its decentralized ethos 🔐
Just as AllianceBlock is committed to making the #Web3 space more accessible and interconnected, dua is committed to connecting and empowering diaspora communities using Web3 👨👩👧👦
Join our official Telegram group to keep up to date with all things AllianceBlock and DUA 👇
t.me/allianceblock
t.me/allianceblock
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