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Havven, a decentralized payments network and stablecoin, has decided to launch on the EOS blockchain and will air half of its new HAV tokens on the EOS blockchain to existing HAV owners on Ethereum. Havven wants to make sure that the success of the payment network does not depend on a blockchain.
The Haven / EOSIO partnership was announced at the EOS Hackathon in Sydney, Australia, as part of Havven's plan to be blockchain agnostic and operate on several blockchains. Stablecoins like the Havven nUSD are designed to prevent price volatility and are used to allow transactions between different projects.
Blockchain Agnostic
"Havven chose to launch the EOSIO blockchain because we see the need to remain agnostic blockchain", Garth Travers, Havven's project manager, told CCN via email. "If all the useful projects remain exclusive to a particular blockchain, it will create the fragmentation of ecosystems, which will cause friction to the adoption of decentralized systems."
Nothing will change for 100,000 HAV tokens on Ethereum, which will remain on Ethereum, Disse Travers. There will also be 100 million HAV tokens on EOSIO, half of which will be transmitted to HAV owners on Ethereum. Havven has no intention of leaving Ethereum.
Travers said that Havven is willing to launch more blockchains in the future, but there are no immediate plans in addition to focusing on EOS.
Stablecoin scalable and decentralized
[19659003] Havven introduced the nUSD in June as a scalable and decentralized stablecoin. NUSD tokens are supported by collateralized HAV tokens and nUSD transactions generate fees for HAV holders.
The launch on EOSIO marks the next step to support many decentralized platforms since NUSD was published on Ethereum.
"EOSIO allows for greater volume of transactions, which means that dApp can support significant volumes," added Kain Warwick, founder of Havven. "Our goal is to support these projects by providing them with a stable means of exchange to build on. Many categories such as decentralized markets or gaming applications will open up further and be able to provide transaction numbers that are comparable to centralized systems. positioned to be a stable payment token within these ecosystems. "
Read also: The producers of EOS block vote to increase the offer of RAM to reduce the costs of running dApp
Compatibility with cross chains necessary [19659005] "In this phase cryptocurrency is still in its infancy, so it is not clear which blockchain will be able to climb," said Warwick. "For this reason, it is important that the projects that provide the blockchain infrastructure plan cross-chain compatibility, so their success is not bound to the success of any chain they have chosen."
"Support for more blockchains will ensure that infrastructure projects are available to developers, regardless of the platform they choose," continued Warwick. "Havven is committed to helping avoid fragmentation within the decentralized ecosystem."
"We are thrilled that one of the most successful Australian decentralized projects, Havven, is taking hold on EOSIO and it has been great to have them as guests at our Sydney hackathon," said Serg Metelin, responsible for relations with developers of the creator of EOS Block.one. "As an open source initiative that provides unique capabilities to DAPP developers, the Havven project is a welcome addition to the growing EOS ecosystem."
EOS was launched in June after raising $ 4 billion. Block.one noted that it will invest $ 1 billion in the EOSIO ecosystem.
Images from Shutterstock
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