THELOGICALINDIAN - The EVMcompatible sidechain is actuality codeveloped with the Meter Foundation
Standardized Token Protocol has appear the barrage of Verse Network, an EVM-compatible sidechain optimized for DAOs.
Verse Network Debuts
DAO basement is accepting a addition with a new, committed sidechain.
Standardized Token Protocol (STP) appear the barrage of Verse Network Monday, a sidechain tailored to the needs of decentralized free organizations (DAOs). Verse Network will accommodate a censorship-resistant, front-running resistant, high-performance sidechain optimized for DAOs and decentralized applications.
STP architect Mike Chen commented on the launch, stating:
“Verse will be an all-embracing belvedere for any network, community, and alignment to decentralize controlling finer and for developers to seamlessly barrage decentralized applications.”
Currently, DAOs are bound in their babyminding activities above angle voting. Verse will acquiesce DAOs to aggrandize how they collaborate with their communities while incentivizing accord and assurance at a low cost.
Verse Network is congenital on the Meter SDK, acceptation it will be astern accordant with the Ethereum Virtual Machine. Additionally, the Beat SDK cross-chain agreement will acquiesce advice beyond amalgamate chains, enabling alternation with blockchain clouds like Ethereum, Binance Smart Chain, and Polkadot.
Meter is a decentralized Ethereum ascent band-aid with a congenital metastable gas currency. The agreement has anchored several high-profile partnerships with arch Layer 1 chains such as Avalanche, Harmony, and Elrond.
DAOs accept apparent exponential growth in 2021, best conspicuously from DeFi protocols and advance funds delegating babyminding to their communities. With the advice of Verse, DAOs will be able to optimize their operations while unlocking new possibilities for decentralized governance.
Disclosure: At the time of autograph this feature, the columnist endemic ETH and several added cryptocurrencies.
