Silicon Valley-based public blockchain platform provider ThunderCore today announced the launch of its mainnet. Compared to Ethereum, whose code it will run with no modification, ThunderCore offers faster confirmation times, 100x faster transaction speeds, and 100x cheaper gas costs.
At launch, the ThunderCore blockchain will be integrated to accelerate payments on a fintech application by Liquidity Network. ThunderCore has delivered on Founder and CEO Chris Wang’s vision to build the fastest-growing blockchain platform. ThunderCore delivers platform-based developer services combined with integrated user acquisition capabilities to enable developers to maximize user acquisition efforts for fintech, gaming, and enterprise applications. Existing dApps on Ethereum, EOS or NEM can be converted within minutes to run 100 times faster.
Chris Wang previously founded gaming company Playdom, which acquired over 100 million users and reported a Daily Average User (DAUs) count in excess of 20 million. He sold Playdom to Disney for $563 million. ThunderCore has raised $50 million from investors in the U.S. and Asia. Chris Wang will deliver a presentation on blockchain and gaming at Consensus 2019 in New York City, where ThunderCore will also exhibit.
[perfectpullquote align=”full” bordertop=”false” cite=”Chris Wang, Founder, and CEO of ThunderCore” link=”” color=”” class=”” size=””]“Linking user acquisition with a high-performance blockchain is catching the attention of Dapp developers, who are now eager to leverage a growing user predisposed to trying new applications.”[/perfectpullquote]
Chris received his Ph.D. at age 22 from Carnegie Mellon University prior to founding Playdom. He was joined by ThunderCore co-founder Dr. Elaine Shi, who also earned a Ph.D. from Carnegie Mellon, to develop a research-driven blockchain platform. Elaine is an Associate Professor at Cornell University and is widely credited with authoring the first academic paper on the application of blockchain to cryptocurrency.
[perfectpullquote align=”right” bordertop=”false” cite=” Elaine Shi, Co-Founder, and Chief Scientist at ThunderCore” link=”” color=”” class=”” size=””]“Our sophistication comes from the simplicity of our consensus model that allows us to deliver higher throughputs and enable new business models.”[/perfectpullquote]
The ThunderCore Blockchain has already been integrated by Liquidity Network, which provides non-custodial payment hubs where users can make transactions off-chain without third-party intermediaries, allowing for complete ownership of funds. Liquidity Network’s latest payment hub, NOCUST, offers free, instant, and secure off-chain transfers and exchanges made possible by a network powered by ThunderCore’s blockchain. With ThunderCore, NOCUST remains fully decentralized by relying on a consensus mechanism built on years of academic research that is easy to implement and scale.
[perfectpullquote align=”full” bordertop=”false” cite=”Arthur Gervais, CEO of Liquidity Network.” link=”” color=”” class=”” size=””]“ThunderCore and Liquidity Network are both deeply rooted in academic research, aligning our culture to produce quantifiably the best blockchain solutions.”[/perfectpullquote]
Devised as a Proof of Stake (PoS) project, ThunderCore has announced the availability of full-node open-source code and committee-run nodes based on an open selection process that will deliver transparency while maintaining integrity and security of operations. Additional capabilities being announced by ThunderCore are a Staking Pool Service, which allows token-holders to earn rewards, and support for cross-chain assets.