Crypto Gloom

Unichain starts an effective test network, developing decentralization and enabling faster final possibilities.

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Unichain plans to start Unichain Validation Network, which will further distribute the platform by allowing anyone to run nodes and verify the block.

Unichain starts an effective test network, developing decentralization and enabling faster final possibilities.

Ethereum Layer 2 Network Unichain has announced plans to introduce an Unichaain validation network (UVN), which will further distribute the platform by allowing anyone to run and verify the block. This addition aims to improve the finality of the network and reduce the possibility of block collision.

The UVN consists of a full node that verifies the blocks posted by the sequencer on the main net. The validity test that runs this node will be rewarded with the statement, and 65%of the net chain revenue of Unichain is assigned to them in return for network security.

The first version of UVN is tested in the Unichain Experimental Testnet in the next few months to assess stability and performance. At the end of the test stage, UVN will be officially released, and the validity tester and Starkers will begin to earn 65%of the net chain revenue of the network. In this development stage, the validity test machine network is still being built and tested, but the Unichain Foundation (UF) instructs the chain revenue to Unichain Growth Reserve. This fund is used to support UNICHAIN’s growth efforts, including accelerating developer participation and subsidies.

What is Unichain?

Unichain is a layered two -scaling solution built for Etherrium developed by UNISWAP LABS, and has achieved a goal to improve the distributed finance (Defi) application by enabling faster and cheaper transactions.

Unichain aims to reduce the transaction cost by about 95% compared to Ethereum’s hierarchical network by utilizing the optimism OP stack. It also supports crosschain liquidity and is suitable for various applications in sectors such as games, finance and entertainment.

Since the release of Unichain Testnet, the network has dealt with 94 million test transactions and distributed more than 13.3 million test contracts.

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Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

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Alisa Davidson

Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

More