InfStones joins the interoperable blockchain protocol Persistence as a validator »CryptoNinjas
InfStones, a Blockchain infrastructure The service provider announced today that it has partnered with Persistence, an interoperable blockchain protocol. InfStones will join the Persistence mainnet Validator Provide pledge services to the community.
“The Persistence ecosystem is evolving rapidly, and with this expansion, we are committed to improving our network security. Adding InfStones to the ecosystem is a big step in achieving our goal because they are the leading exchanges and networks most trustworthy One of the validators.”
– Tushar Aggarwal, co-founder and CEO of Persistence
What is persistence?
Persistence aims to stimulate liquidity and achieve seamless value exchange. Persistence is introducing different asset classes into its blockchain platform through its products and services, including-Proof of Equity Assets (pSTAKE), Commodity Synthetic Assets (Commodity Index), & NFT assets (Mantle of assets).
Persistence’s core mainnet is a proof-of-stake chain driven by the Tendermint BFT consensus engine.
As a multi-chain DeFi ecosystem, the Persistence technology stack (currently supporting Cosmos, Ethereum, and other Tendermint-based chains) abstracts the complexity for developers and enables them to create DEXs, markets, lending platforms, etc.
Recently, the Persistence team launched pStake, a liquid pledge solution designed specifically for pledgers and clients on the proof-of-stake network.
pSTAKE is a liquid pledge solution protocol that releases the real potential of PoS tokens by releasing the liquidity of pledge assets.
Token holders of the PoS network can pledge their tokens through pSTAKE to obtain staking rewards, and at the same time obtain 1:1 pegged representatives, which can be used in various Defi ecosystems to generate additional income.
Last month, pSTAKE was launched on the Persistence mainnet and completed the beta version supported by Cosmos ATOM. More networks and incentives will be launched soon.