Announcing ‘Encoding Labs Node’ as a BIFROST Network Validator
We’re happy to announce our official partnership with Encoding Labs Node! Encoding Labs Node will officially join as a validator of the BIFROST Network to verify and secure the network. Through partnerships with diverse projects, we hope to provide a safe and stable multichain service for all! Read more about the BIFROST Network.
About Encoding Labs Node
As an official validator, Encoding Labs Node will not only fulfill its role in the blockchain infrastructure layer to contribute and maintain the security of the network but also help discover various partners that will join the BIFROST Ecosystem. In addition, through node operation, it plans to help expand the BIFROST Ecosystem by supporting the services of DApp partners.
Encoding Labs is a Web3 application incubator. Encoding Labs is composed of professionals from both traditional corporations as well as the crypto industry. The Encoding Labs team includes entrepreneurs, investors, engineers, and industry experts from big brands such as Samsung Financial Group, SK Telecom, Toss, Google Korea, Hermes Korea, Kim&Chang, DAYLY Financial Group, Ministry of Justice, etc. for top-tier incubation deal flows and accurate operation across the industry. The company is dedicated to bringing mass adoption of blockchain technology through investment guides, business development operations, technical support, go-to-the-market strategy guides, community management, and legal and financial consulting.
About the BIFROST Network
As the BIFROST Network is a permission-less EVM-compatible layer-one blockchain utilizing Substrate technology focused on enabling interoperability between blockchains, it provides the ultimate environment to build multichain DApps. For instance, the network allows one to purchase a BSC-based NFT using USDT on Ethereum.
BFC is the native token of the BIFROST Network which is a generalized message-passing system that is well-suited for all types of cross-chain applications. By design, it can operate with native tokens that inherit the security of the underlying network. The network allows developers to easily build cross-chain applications, such as a cross-chain DEX service using native assets.