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Tanssi Foundation Expands Ethereum Blockchain Protocol

Tanssi Foundation partners with Symbiotic to enhance Ethereum's decentralized networks through rapid deployment and customization, leveraging shared security and innovative blockchain solutions.
Published on 2024-08-22

Tanssi Foundation Expands Blockchain Capabilities

The Tanssi Foundation has announced the expansion of its blockchain infrastructure protocol to Ethereum, enabling rapid deployment of decentralized networks known as Actively Validated Services (AVSs). This strategic move is made possible through collaboration with Symbiotic, a leading permissionless restaking protocol. By leveraging Ethereum’s robust security, developers can now deploy highly customizable and decentralized networks efficiently.

Addressing Limitations of Rollups

While rollups have been essential for scaling Ethereum, they often lack in areas of strong decentralization, customization, or interoperability. AVSs enhance these aspects by offering a more flexible approach, allowing developers direct access to Ethereum’s shared security. This is safeguarded by over $45 billion worth of ETH, although using restaking security remains complex and traditionally time-consuming.

Streamlining Deployment with Tanssi

Tanssi simplifies the deployment process, reducing launch times from months to mere minutes and easing ongoing management. This streamlining accelerates time to market, allowing projects to reach users swiftly. By utilizing Symbiotic's restaking protocol, Tanssi allows networks to access Ethereum's shared security seamlessly, enhancing decentralization through a permissionless network of shared operators.

Innovations and Future Prospects

The collaboration introduces new possibilities, integrating Substrate’s flexible SDK for complete customization. Developers can leverage Tanssi's framework to implement AVSs using prebuilt templates and modules, achieving full decentralization without single sequencer reliance. Tanssi-based AVSs, utilizing Ethereum's shared security, empower developers to create application-specific blockchains and more, addressing unique use cases beyond traditional rollup architectures.

Growth and Market Impact

Tanssi aims to catalyze growth in Ethereum’s restaking security market, making decentralization more accessible. Supported by investors such as Arrington Capital and others, Tanssi has raised $9M to drive its expansion, with over 2,000 application-specific blockchains already on its testnet. The mainnet launch is anticipated in early 2025, set to establish a new standard in the Ethereum ecosystem.

Empowering Developers

Tanssi provides developers with the tools to launch decentralized and customizable blockchains swiftly. With resources such as shared security, developer tools, cross-chain integrations, and data availability, Tanssi empowers projects to focus on unique user experiences. Its rapid deployment and robust security make it an ideal choice for innovative blockchain development.

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