Xangle forms Strategic Alliance with Coreum, Layer-1 blockchain built for enterprise applications
Xangle forms Strategic Alliance with Coreum, Layer-1 blockchain built for enterprise applications
CrossAngle, the operator of crypto data intelligence platform Xangle, has joined the Coreum network, the 3rd generation layer-1 blockchain mainnet, as a validator.
Validators run nodes on Proof-of-Stake (PoS) blockchains and contribute to the security and sustainability of the networks by validating new blocks.
Xangle has joined Coreum's validator group, seeking to help keep the blockchain ecosystem secure and robust.
Coreum, a 3rd-generation layer-1 smart blockchain for all, officially launched its mainnet in March. It has garnered recognition for its adherence to the international standard, notably ISO20022, for messaging used across financial operations and for pioneering new standards in enterprise use cases such as smart tokens.
Coreum has recently unveiled an exciting new collaboration with Ledger, a prominent player in the cryptocurrency hardware wallet market. A hardware wallet, often referred to as an "offline cryptocurrency wallet," operates without an internet connection. This partnership with industry leader Ledger substantially enhances both the diversity and security within the Coreum ecosystem. Furthermore, Xangle will take on the crucial role of validating transactions on the Coreum mainnet, thereby gaining valuable expertise and fulfilling its vital responsibilities as an active participant in the blockchain ecosystem.
"Building on Xangle's unique expertise, this partnership, will help expand the areas where Xangle can contribute to enhanced security and reliability of crypto assets within the ecosystem,” said Jake Lim, the Chief Business Development Officer of Xangle. He further stated, “By partnering with Coreum, we aim to take a leading role in driving the mainstream adoption of Web3 as a key player in the global blockchain ecosystem."
Favio Velarde, Head of Growth & Partnerships for Coreum, also emphasized that “This partnership highlights our strategic global expansion, prioritizing data infrastructure and resources as a foundational step. It allows businesses to fully grasp Coreum's capabilities, igniting innovative ideas for user-end applications to be developed or transitioned seamlessly to the blockchain.”
In the meantime, Xangle is gearing up to introduce a blockchain data-driven enterprise solution tailored to meet the requirements of companies leveraging cryptocurrency assets.
This upcoming offering includes “Explorer,” a tool designed for searching and analyzing on-chain data within the blockchain network. Additionally, “Xangle Beacon,” an enterprise resource planning (ERP) solution facilitating web3 corporate performance management and accounting, is scheduled for release by the year's end.
About Xangle
Xangle, a globally recognized Web3 data intelligence platform headquartered in Seoul, South Korea, has gained a reputation for its unwavering commitment to transparency and reliability. Our mission is to facilitate sustainable growth of Web3 by providing Web3 data and blockchain infrastructure solutions — analytics, research, and token supply monitoring tools.
Xangle is planning to bring practical blockchain-based solutions to the market with on-chain data analytics within this year.
About Coreum
Coreum is a 3rd-generation layer-1 enterprise-grade blockchain built to serve as a core infrastructure for decentralized applications with ISO20022 compatibility, IBC interoperability, and novel Smart Tokens. Offering up to 7,000 TPS, it guarantees elevated throughput, cost-effective fees, and unparalleled scalability. WASM-based smart contracts enable diverse use cases, while the low-latency, PoS network propels rapid, secure, and modular applications, expediting decentralized tech adoption in large-scale organizations.