Witness Chain recently announced that it is enabling DePINs on the Ethereum network. The announcement was made on Witness Chain’s official X account.
The series of tweets was about how Witness Chain uses Polygon Labs and EigenLayer CDK for development. The blockchain company also named the companies affiliated with the program X.
Witness Chain’s DCL (DePIN Coordination Layer) is now the first-ever physical state consensus protocol that can unify an isolated DePIN infrastructure. In the future, DePINs can be used to share value, bootstrap infrastructure, and access better financial tools.
With the DCL, the Witness Chain makes the following possible:
- An extra layer of security with Dual Staking access
- A platform for dApp developers to develop DePIN-based DeFi
- Composability and findability via other DePINs
- Programmable bootstrapping economics
Witness Chain is operated by the globally distributed Watchtower Network and allows open participation from any EigenLayer node operator. Such watchtowers can be used to facilitate physical consensus across multiple DePINs.
Moreover, it has been a few days Ankr has added Ethereym security to its Web3 protocol. The addition is considered Ankr’s most crucial feature, combining secure node operations, efficient scaling services and innovative liquid staking technologies.
Witness Chain is a pioneer in a streamlined economy in which DePIN can provide a common stage for generating shared value. With its AVS (Actively Validated Service) on EigenLayer, Witness Chain becomes the basis for a revolutionary vision.
Through Witness Chain, DePINs have access to a shared platform through which they can agree on their physical condition. Furthermore, it makes way for future methods such as Proof of Location and Proof of Bandwith.
The DeFi community warmly welcomes these updates, paving the way for Witness Chain to succeed.