ThunderCore Delivers PoS Deployment Prior to Ethereum, Speeding Up Throughput to 1200 TPS, Which is Key to Run Smart Contracts at Scale for Fintech, Gaming and Enterprise
NEW YORK BLOCKCHAIN WEEK, New York City – 14 May 2019 — Silicon Valley-based public blockchain platform provider ThunderCore today announced the launch of its main net. Compared to Ethereum, whose code it will run with no modification, ThunderCore offers faster confirmation times, 100x faster transaction speeds, and 100x cheaper gas costs. At launch, the ThunderCore blockchain will be integrated to accelerate payments on a fintech application by Liquidity Network.
ThunderCore has delivered on Founder and CEO Chris Wang’s vision to build the fastest-growing blockchain platform. ThunderCore delivers platform-based developer services combined with integrated user acquisition capabilities to enable developers to maximize user acquisition efforts for fintech, gaming, and enterprise applications. Existing dApps on Ethereum, EOS or NEM can be converted within minutes to run 100 times faster.
Chris Wang previously founded gaming company Playdom, which acquired over 100 million users and reported a Daily Average User (DAUs) count in excess of 20 million. He sold Playdom to Disney for $563 million. ThunderCore has raised $50 million from investors in the U.S. and Asia. Chris Wang will deliver a presentation on blockchain and gaming at Consensus 2019 in New York City, where ThunderCore will also exhibit.
Linking user acquisition with a high-performance blockchain is catching the attention of Dapp developers, who are now eager to leverage a growing user predisposed to trying new applications,” said Chris Wang, Founder and CEO of ThunderCore.
Chris received his Ph.D. at age 22 from Carnegie Mellon University prior to founding Playdom. He was joined by ThunderCore co-founder Dr. Elaine Shi, who also earned a Ph.D. from Carnegie Mellon, to develop a research-driven blockchain platform. Elaine is an Associate Professor at Cornell University and is widely credited with authoring the first academic paper on the application of blockchain to cryptocurrency.
Our sophistication comes from the simplicity of our consensus model that allows us to deliver higher throughputs and enable new business models,” said Elaine Shi, Co-Founder and Chief Scientist at ThunderCore.
The ThunderCore Blockchain has already been integrated by Liquidity Network, which provides non-custodial payment hubs where users can make transactions off-chain without third-party intermediaries, allowing for complete ownership of funds. Liquidity Network’s latest payment hub, NOCUST, offers free, instant, and secure off-chain transfers and exchanges made possible by a network powered by ThunderCore’s blockchain. With ThunderCore, NOCUST remains fully decentralized by relying on a consensus mechanism built on years of academic research that is easy to implement and scale.
ThunderCore and Liquidity Network are both deeply rooted in academic research, aligning our culture to produce quantifiably the best blockchain solutions,” said Arthur Gervais, CEO of Liquidity Network.
Devised as a Proof of Stake (PoS) project, ThunderCore has announced the availability of full-node open-source code and committee-run nodes based on an open selection process that will deliver transparency while maintaining integrity and security of operations. Additional capabilities being announced by ThunderCore are a Staking Pool Service, which allows token-holders to earn rewards, and support for cross-chain assets.
ThunderCore invites attendees to visit Booth 330 in the exhibits area during Consensus 2019, being held May 13-15, 2019 in New York City. For more information, please visit http://bit.ly/consensusTC.
ThunderCore’s capabilities lend themselves well to enhancing the usability of applications in gaming, financial payments, supply chain, and security. Several examples of these types of DApps are available.
Developed by industry-leading experts, ThunderCore is its own blockchain platform with its own native cryptocurrency. It is Ethereum virtual machine compatible with throughputs of 1,200 plus transactions per second, sub-second confirmation times and low gas costs, making it quick and easy for decentralized apps to deploy and scale. To learn more about ThunderCore, please visit thundercore.com
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