Cayman Islands, United Kingdom, August 22, 2024, Chainwire
The Tanssi Foundation announces the expansion of the Tanssi blockchain infrastructure protocol to Ethereum, enabling the rapid launch of decentralized networks, also known as Active Validation Services (AVS), in minutes. This expansion, driven by a strategic collaboration with Symbiotic, a leading permissionless re-staking protocol, will enable developers to deploy highly customizable and decentralized networks, leveraging Ethereum’s robust security.
While rollups have been essential to Ethereum’s scaling, they can be insufficient when high decentralization, customization, or interoperability are required. Decentralized networks, or AVS, build on these strengths by offering a more flexible and versatile approach. Developers have direct access to Ethereum’s shared security through retaking, backed by over $45 billion worth of ETH. However, networks using retaking security are still a new and complex technology, typically requiring months to launch due to significant infrastructure requirements, ongoing management, and resource demands.
Tanssi dramatically simplifies this process, reducing launch times from months to minutes and streamlining management, making it easier for manufacturers to deploy and maintain their decentralized networks in a customizable environment. This approach not only makes the development process easier, but also accelerates time to market, allowing projects to reach their users faster.
By leveraging Symbiotic’s re-staking protocol, Tanssi enables networks on Ethereum to easily access billions of dollars of shared security from staked ETH. This approach enhances decentralization by providing a permissionless network of sharded operators for block production, ensuring fast transaction finality and avoiding reliance on a single sequencer.
“Tanssi provides developers in the Symbiotic ecosystem with an easy-to-use interface to one of the most sophisticated and proven blockchain development stacks. By integrating with Symbiotic’s shared security protocol, projects using Tanssi can tap into Ethereum’s liquidity and launch an application chain with re-staking functionality in minutes,” said Felix Lutsch, Ecosystem Lead at Symbiotic.
This collaboration also introduces new possibilities for developers by integrating Substrate’s flexible SDK for complete customization. With Tanssi’s framework, developers can quickly implement AVSs using pre-built templates and modules, achieving complete decentralization without relying on a single sequencer.
Tanssi-based AVSs are blockchain systems that leverage Ethereum’s shared security, allowing developers to build highly customized protocols. This includes application-specific blockchains, alternative virtual machines, bridges, data availability layers, and more, giving developers the tools to address use cases that traditional rollup architectures may not address effectively.
Francisco Agosti, Co-Founder of Tanssi, said: “Decentralized networks, also known as Active Validation Services (AVS), offer new possibilities for applications that do not fit the stacking model. Tanssi is a game changer by providing a fully customizable decentralized environment where developers can launch Ethereum-based networks in minutes. We expect Tanssi to catalyze the growth of the Ethereum re-staking security market, making decentralization and accessibility easier than ever.”
Backed by investors including Arrington Capital, SNZ, HashKey, Borderless, and Fenbushi, Tanssi has raised $9 million to fuel its growth. With over 2,000 application-specific blockchains already deployed on its testnet, Tanssi is poised to set a new standard in the Ethereum ecosystem, with its mainnet set to launch in early 2025.
About the Tanssi network
Tanssi enables developers to launch decentralized and customizable blockchains in minutes. With essential tools and resources including shared security via retaking, developer tools such as wallets and block explorers, cross-chain integrations, and full data availability, developers can quickly bring their projects to market and focus on creating unique user experiences. Tanssi stands out for its rapid deployment, robust security, and seamless integration capabilities, making it the smart choice for forward-thinking blockchain development. To learn more, visit tanssi.network.
About Symbiotic
Decentralization doesn’t have to be difficult or optional. Symbiotic is a customizable, immutable shared security protocol designed to help developers innovate faster and more securely. Learn more at symbiotic.fi.
Contact
CEO
Thiago Rüdiger
Tanssi Foundation
thiago@tanssi.fondation
