Waterfall Network Integrates with InfStones, Showcases Post-Mainnet Growth
August 20th, 2024 3:00 AM
By: Newsworthy Staff
Waterfall Network announces integration with InfStones and highlights significant achievements since its mainnet launch, including unprecedented decentralization and substantial validator growth.
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Waterfall Network, a pioneering layer one (L1) decentralized and scalable ledger, has announced its integration with InfStones, a leading provider of enterprise-grade node management services. This collaboration marks a significant milestone in Waterfall's journey to revolutionize the blockchain landscape by addressing the long-standing challenge of combining scalability with decentralization.
In a recent AMA session, Waterfall Network revealed its participation in the Google Startup Cloud program, where it successfully tested over 1.5 million validators operating simultaneously across five continents. This achievement demonstrates Waterfall's unparalleled ability to maintain a decentralized and scalable network, setting a new benchmark in the industry.
Sergii Grybniak, Head of Research at Waterfall Network, emphasized the importance of this accomplishment, stating, "To our knowledge, no other technology has been tested with this many validators, making Waterfall a pioneer in achieving decentralization at this level." Despite these advancements, Waterfall remains committed to keeping hardware requirements low, ensuring broader participation in the decentralized economy.
Since its public mainnet launch last month, Waterfall Network has experienced remarkable growth, adding 4,901 new validators and achieving a 339 percent increase in Total Value Locked (TVL). This rapid expansion underscores the network's appeal and potential in the blockchain ecosystem.
The integration with InfStones is set to enhance Waterfall's infrastructure support, further improving its scalability and reliability. Ann Jiang, Business Development Specialist at InfStones, expressed enthusiasm about the partnership, stating, "Our goal is to lower the barriers for people who may not have extensive technical knowledge, empowering them to run nodes effortlessly."
Waterfall Network's adoption of a Proof of Stake (PoS) consensus mechanism distinguishes it from resource-intensive Proof of Work (PoW) systems like Bitcoin. Jeff McDonald, community strategist at Waterfall Network, highlighted the accessibility of becoming a node operator on Waterfall, saying, "Running a node on Waterfall is accessible to almost anyone, unlike Bitcoin mining, which requires significant resources and industry connections."
The network currently offers attractive incentives for validators, with an annual percentage rate (APR) of more than 100 percent for staking 32,000 $WATER coins. This high reward rate presents a significant opportunity for individuals interested in contributing to the network's growth and security.
As Waterfall Network continues to develop, it remains committed to its core values of enhancing decentralization and scalability. The successful integration with InfStones and the network's rapid growth since mainnet launch position Waterfall as a key player in shaping the future of Web3 applications.
For more information on Waterfall Network's progress and future developments, interested parties can visit https://waterfall.network/ and follow the project on various social media platforms, including Discord, Twitter, and Telegram.
Source Statement
This news article relied primarily on a press release disributed by BlockchainWire. You can read the source press release here,
