📰 News

Former Disney Executive Is Working on New Type of Ethereum-Compatible DLT

Put your
crypto to
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Yuri Molchan
    📰 News

    Former founder of Dysney’s Playdom is currently working on one more ‘next-gen’ DLT platform as a CEO

Former Disney Executive Is Working on New Type of Ethereum-Compatible DLT
Cover image via u.today

Forbes reports that Chris Wang, a founder of Playdom, Disney’s social network for game devs, has now changed jobs for a CEO of a ThunderCore startup. The firm is busy developing a new generation of scalable blockchain for dApps.

Chris Wang
Image by twitter

The new DLT platform to bridge Ethereum

The ThunderCore network is able to interact with Ethereum Virtual Machine (EVM). As per Wang, this is done to enable dApp makers on ThunderCore (TC) to use modern tools offered by Ethereum and other features that can be used for dApp making.

ThunderCore also plans to provide support for cross-chain virtual tokens, like DAI stablecoin or other ERC20 tokens, to be used on TC. The TC creators say they do not feel like inventing the same thing all over again and prefer to increase the scalability of the new network and give a change to developers to use it as easily as possible.

Replying to a question regarding the sort of dApps ThunderCore will be focused on, Wang said that it would focus of dApps that currently have a poor infrastructure, such as dApps for gaming or high quality financial products on DLT and which were difficult to build on Ethereum.


Tron’s Justin Sun Wants Head of eToro to Join Him and Buffett for Lunch

Tron’s Justin Sun Wants Head of eToro to Join Him and Buffett for Lunch

TC users to participate in the consensus mechanism

Wang shared that all sort of token keepers on ThunderCore will be able to be a part of the local verification mechanism. Holding TT tokens will make it unnecessary for users to utilize nodes or work with providers of staking services.

As for cross-chain assets, Wang said the following:

In our roadmap, we also have cross-chain assets support coming. With cross-chain assets, we can import and use Ethereum assets -- such as DAI and ERC20 tokens. They allow ThunderCore users and developers to leverage the Ethereum asset ecosystem, which is useful for helping share resources and onboard more users from Ethereum’s massive community of supporters.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings