Singapore-based RiveX officially announced their plans to join Wanchain’s Galaxy Consensus as a validator node, becoming the 10th organization to formally join. After the mainnet successfully switches to the new PoS consensus mechanism, RiveX will begin operating a validator node and accepting delegations from the community.
Wanchain Staking is currently in the open beta stage, and as of July 19, over 140 nodes are actively participating in the beta. To get started as a beta validator, check out our getting started article. To check out the current state of the beta test network, navigate to our Wanscan website.
One of the DeFi initiatives offered by RiveX coming in Q4 2019 will be a new staking model called Staking as a Service (SaaS). RVX holders will be able to stake their RVX and earn what they want to receive from RiveX portfolio of staking partners. The first platform introduced under this SaaS model by RiveX is Wanchain. RVX can be staked to accumulate WAN.
RiveX envisions a decentralized cloud economy, supported by three main pillars including Blockchain as a Service (BaaS), Enterprise Solutions and Decentralized Finance (DeFi). RiveX serves different segments of clientele base from enterprise users up to public users.
Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).
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