Cayman Islands, UK. August 22, 2024 – Tanssi Foundation announces the expansion of the Tanssi blockchain infrastructure protocol to Ethereum, enabling the rapid launch of decentralized networks—also known as Actively Validated Services (AVSs)—in minutes. This expansion is made possible through a strategic collaboration with Symbiotic, a leading permissionless restaking protocol. Together, Tanssi and Symbiotic will facilitate the deployment of highly customizable and decentralized networks, leveraging Ethereum’s robust security.
While rollups have been key to scaling Ethereum, they may fall short when strong decentralization, customization, or interoperability are needed. Decentralized networks, or AVSs, expand on these strengths by providing a more flexible and versatile approach. Developers gain direct access to Ethereum’s shared security through restaking, backed by over $45 billion worth of ETH. However, networks using restaking security are still a new and complex technology, typically requiring months to launch due to significant infrastructure needs, ongoing management, and resource demands.
Tanssi drastically simplifies this process, reducing launch times from months to minutes and streamlining management, making it easier for builders to deploy and maintain their decentralized networks in a customizable environment. With Tanssi's framework, developers can quickly launch these networks using a library of pre-built templates and modules, called pallets. This approach not only eases the development process but also accelerates time to market, allowing projects to reach their users faster.
“Tanssi is providing developers in the Symbiotic ecosystem with an easy-to-use interface to one of the most sophisticated and battle-tested blockchain development stacks. By integrating with Symbiotic's shared security protocol, projects using Tanssi can tap into Ethereum’s liquidity and launch an appchain with restaking functionality in minutes,” says Felix Lutsch, Head of Ecosystem at Symbiotic.
By leveraging Symbiotic's restaking protocol, Tanssi enables networks on Ethereum to easily tap into billions of dollars in shared security from staked ETH. Symbiotic also supports any ERC-20 token, including BTC and stablecoins, providing broader security options. This approach enhances decentralization by providing a permissionless set of shared operators for block production, ensuring fast transaction finality and avoiding reliance on a single sequencer, which ensures a more secure and resilient system.
This collaboration also introduces new possibilities for developers by integrating Substrate’s flexible SDK for complete customization. Developers can tailor every aspect of their decentralized networks, from virtual machines and storage to state transition functions, governance models, and economic incentives, all while benefiting from Ethereum’s robust security through Symbiotic and Tanssi’s shared execution environment.
Tanssi enhances L2s, L3s, and other rollups by enabling a variety of complementary services. These networks are blockchain systems that leverage Ethereum’s shared security, enabling developers to create highly customized protocols. This includes application-specific blockchains, alternative VMs, bridges, data availability layers, and more, providing developers with the tools to address use cases that traditional rollup architectures may not effectively serve.
Francisco Agosti, Tanssi Co-founder, says “Decentralized networks, also known as Actively Validated Services (AVSs), offer new possibilities for applications that don’t fit neatly within the rollup model. However, building and deploying these networks is often a complex and time-consuming process. Tanssi simplifies this by providing a fully customizable, decentralized environment where developers can launch Ethereum-based networks in minutes. We believe Tanssi will catalyze growth in Ethereum’s restaking security market, making decentralization and accessibility more attainable than ever."
Beyond the technical collaboration, Tanssi’s work with Symbiotic builds on its growing success in the blockchain space. In just a few months, Tanssi has facilitated the deployment of over 2,500 application-specific blockchains on its Dancebox testnet, highlighting its capability and readiness for mainnet. Supported by prominent investors such as Arrington Capital, SNZ, HashKey, Borderless, Fenbushi, and others, Tanssi has raised $9M to drive its continued growth.
This collaboration extends Tanssi’s developer-focused approach to Ethereum, delivering true decentralization and customizability as complementary solutions to existing rollups. Set to launch on Tanssi’s mainnet by early 2025, this initiative aims to establish a new standard in the Ethereum ecosystem.
About Tanssi Network
Launch your blockchain in just minutes with Tanssi. Tanssi equips builders with the infrastructure tools and resources to launch decentralized and customizable blockchains with just a few clicks. Tanssi provides essential tools and resources, including shared security through restaking, developer tools such as wallets and block explorers, cross-chain integrations, and integral data availability. Developers can swiftly bring their projects to market, focusing on creating unique user and developer experiences. Tanssi stands out with its rapid deployment, robust security, and seamless integration capabilities, making it the smart choice for forward-thinking blockchain development. Learn more at tanssi.network.
About Symbiotic
Decentralization should not be hard nor optional. Symbiotic is a customizable and immutable shared security protocol designed to help developers innovate faster and safer. Learn more at symbiotic.fi.
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