StableNode joins Hashport Portal Network as a Validator
We are excited to announce our partnership with hashport in securing their portal along other industry-leading validators. We will be part of the portal that will allow assets to seamlessly flow between blockchains. hashport is a new distributed ledger interoperability solution that has the potential to radically increase cross-network functionality of decentralized networks.
Furthermore, StableNode facilitates the integration of the Dai stablecoin in the hashport portal as a close partner of MakerDao. The future collaboration between StableNode, Maker Growth and hashport aims to push DeFi in the upcoming Hedera ecosystem. This plays well into the Multi-Chain Strategy that the MakerDAO community has been discussing.
Stable Node will form part of the hashport validator group and the Maker Growth core unit will focus on exploring new opportunities for DAI to be integrated on a variety of distributed networks where DAI currently does not reside. We view hashport, along with stablecoins such as DAI, as a key infrastructure to the DLT space; enabling DAPPs and organizations alike, to efficiently connect with traditional market systems. StableNode & Maker Growth are excited to be taking such an active role in the operation of hashport and its enablement of new functionality, user choice, and opportunity within the space.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
With the rise of younger blockchains facing the same challenges that the community spent years solving on Ethereum, Stable Node has created solutions to overcome these challenges and drive progress. StableNode is a Blockchain Node Validator that grows the blockchains it operates on by using the accruing rewards for investments in early-stage ventures applying on the network as well as for liquidity provision in DeFi Applications. StableNode continuously adds value to the projects they invest in and advise on to make sure that growth is sustainable in the long term.
With the world’s first genuinely unbiased currency, MakerDao and their stablecoin technology have agreed to join the validator swarm. Their native token, Dai, is a stable, decentralized currency that does not discriminate against participants in the global financial system. Any individual or business can realize the advantages of digital money, which include bringing benefits such as financial freedom without volatility, decentralized governance, and a steadily growing ecosystem. hashport provides compelling synergies with MakerDao’s focus on interoperability.
About Hedera Hashgraph:
Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy. The platform is governed by a council of the world’s leading organizations, including Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institute of Technology (IIT), LG Electronics, the London School of Economics and Political Science (LSE), Magalu, Nomura Holdings, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.