Havven, a decentralized payment community and stablecoin, has resolved to start on the EOS blockchain and will airdrop fifty percent of its new HAV tokens on the EOS blockchain to present HAV holders on Ethereum. Havven wishes to assure that the payment network’s success does not depend on just one blockchain.
The Havven/EOSIO partnership was announced at the EOS Hackathon in Sydney, Australia as aspect of Havven’s program to be blockchain agnostic and function on many blockchains. Stablecoins these types of as Havven’s nUSD are designed to stop price tag volatility and are utilised for enabling transactions throughout unique initiatives.
“Havven selected to start on the EOSIO blockchain because we see the will need to remain blockchain agnostic,” Garth Travers, Havven undertaking supervisor, explained to CCN via electronic mail. “If all valuable assignments continue being unique to any specific blockchain, it will build ecosystem fragmentation, which will lead to friction to the adoption of decentralized units.”
Nothing will alter for the 100 million HAV tokens on Ethereum, which will remain on Ethereum, Travers explained. There will also be 100 million HAV tokens on EOSIO, 50 % of which will be airdropped to HAV holders on Ethereum. Havven has no ideas to go away Ethereum.
Havven is open to launching on other blockchains in the long run, Travers stated, but there are no rapid strategies further than focusing on EOS.
A Scalable, Decentralized Stablecoin
Havven introduced nUSD in June as a scalable and decentralized stablecoin. The nUSD tokens are backed by the collateralized HAV tokens, and the nUSD transactions generate fees for HAV holders.
Launching on EOSIO marks the up coming phase to support many decentralized platforms considering that nUSD has been are living on Ethereum.
“EOSIO will allow greater transaction throughput which signifies dApps can assistance substantial volume,” included Kain Warwick, founder of Havven. “Our objective is to assist these projects by delivering a stable medium of trade for them to make on. Lots of categories like decentralized marketplaces or gaming apps will open up further and be able to deliver similar transaction numbers to centralized methods. Havven is effectively positioned to be a steady payment token inside of these ecosystems.”
Also browse: EOS block producers vote to raise RAM provide to decreased expense of functioning dApps
Cross Chain Compatibility Needed
“At this phase cryptocurrency is nevertheless in its infancy, so it is not apparent which blockchains will manage to scale,” Warwick reported. “For this explanation, it’s vital that tasks supplying blockchain infrastructure plan to deliver cross-chain compatibility, so their good results isn’t bound to the accomplishment of no matter what chain they’ve picked.”
“Supporting various blockchains will assure that significant infrastructure assignments are accessible to builders no subject which system they opt for,” Warwick continued. “Havven is dedicated to serving to to stay clear of fragmentation in just the decentralized ecosystem.”
“We are enthusiastic that a person of the most thriving Australian decentralized assignments, Havven, is creating on EOSIO, and it was fantastic to have them as a guest at our Sydney hackathon,” claimed Serg Metelin, head of developer relations at EOS creator Block.a single. “As an open-resource initiative that presents special capabilities to DAPP developers, the Havven job is a welcome addition to the growing EOS ecosystem.”
EOS launched in June soon after raising $4 billion. Block.just one has pointed out it will invest $1 billion in the EOSIO ecosystem.
Photographs from Shutterstock
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