BlockchainEntangle Debuts Mainnet, Enhancing Omnichain Interoperability and Staking Capabilities

Entangle Debuts Mainnet, Enhancing Omnichain Interoperability and Staking Capabilities

Date:

Entangle, a revolutionary data infrastructure layer, has successfully launched its Mainnet after an extensive two-year development period and a robust testnet phase. This remarkable achievement firmly establishes Entangle as a dominant player in the omnichain sector, providing state-of-the-art solutions for seamless interoperability.

The Mainnet launch of Entangle encompasses several critical components, including the Entangle Blockchain, Entangle Explorer, Photon Messaging, Validators, Delegation, and e-Bridge. These elements are built upon a tiered framework consisting of the Application Layer, Modules Layer, and Tendermint Consensus Layer, forming the foundation for the Entangle Blockchain.

The efficiency of the Entangle Blockchain is evident in its impressive average block time of less than 2.8 seconds. Furthermore, the Photon Messaging functionality significantly enhances the platform’s capabilities by enabling omnichain development across 16 EVM and non-EVM blockchains, including the renowned Solana.

Since the Mainnet went live, NGL token holders now have the opportunity to stake their tokens, safeguard the blockchain, receive incentives, and benefit from upcoming promotions within the Entangle Ecosystem. Staking involves allocating tokens to the Entangle agent network and validators, which play a crucial role in maintaining the security of the Photon Messaging system.

Currently, there are 71 validators, and more are expected to join, including prominent industry leaders like Hashkey Cloud, Rhino, Nodefi, and DaiC. Impressively, a substantial 25 million NGL tokens have already been staked or assigned to validators, highlighting the enthusiasm and confidence surrounding Entangle’s prospects. To delegate their tokens, users can visit the Entangle Explorer and select a trusted transmitter agent or validator.

As part of its future plans, Entangle aims to onboard agents who will also accept stakes and delegations from users, further expanding the platform’s capabilities and reach.

share

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot News

Related
Related

FET Price Increases by 9%, Indicating a Potential Bullish Recovery Effort

The Artificial Superintelligence Alliance (FET) price is demonstrating recovery signs, breaking abov...

Bittensor (TAO) Experiences a Breakout, Targeting New Highs

Bittensor has climbed over 9%, reaching $255.TAO’s daily trading volume has surged by 42%. A brief...

Arizona’s Cryptocurrency Reserve Legislation Advances as Final House Vote Approaches

Arizona’s SB 1373 crypto reserve bill advances and awaits a final House vote amid growing state in...

Bitcoin Faces Challenges in Overcoming $86K Resistance: Is $90K an Unrealistic Expectation?

Bitcoin Fails to Hold Above $86K for the Past MonthBitcoin is repeatedly failing to hold the price a...