Expanding the Cherry Chain Validator Set
Welcome the two new partners securing the Cherry Network: 32Ventures and ProjectKiller
We’re excited to share another significant development for the Cherry Project. Two new validators, 32ventures, and ProjectKiller, have been added to the Cherry Network blockchain, further strengthening our Nominated Proof-of-Stake (NPoS) consensus protocol.
An innovative force in the Web3 community, Cherry endeavors to empower builders and users alike with cutting-edge technology and decentralized solutions. Adding these new validators will further enhance the integrity and resilience of our network for everyone.
So, what does this mean? Let’s dive into the details!
Enhanced Network Security
Firstly, adding new validators has made the Cherry Network blockchain more resilient against potential attacks. An increased number of validators furthers our distributed consensus mechanism and minimizes the risk of a single point of failure.
Improved Decentralization
Additionally, expanding our validator pool further strengthens Cherry’s commitment to decentralization. The distributed nature of validators fosters a more democratic and inclusive ecosystem where participants have an equal opportunity to contribute and shape the future of Cherry Network.
Increased Network Performance
Furthermore, a larger pool of validators increases the network’s overall capacity and performance, meaning Cherry Network can now process more transactions simultaneously. This enhancement enables Cherry Network to accommodate a growing user base and efficiently handle higher transaction volumes.
Who are 32Ventures and ProjectKiller?
To mark this milestone and help to introduce our new validators to the wider community, we recently managed to sit down and chat with their respective teams. Without further ado, let’s meet them!
What is your project and team background?
32ventures: 32ventures is a Spanish venture that was formed in February 2022 by two people passionate about Web3 and, specifically token pre-sales. Today, the initiative has grown to more than 600 people in the public group, and based on our research, we involve our community in making strategic investments. We offer services to projects, and we also have a team of experts in the domain of network validators.
ProjectKiller: Project Killer is a Spanish community focused on investing in technology companies in the crypto ecosystem through a rigorous fundamental and financial analysis process.
Why did you choose to be a fundamental part of the Cherry Project?
32ventures: We loved Cherry’s technology and idea from the first day we saw it. While we would’ve liked to have invested in its presale, our venture was not focused on presales at that time. Today, we have more than 1.5m in Cherry because we trust the team and the project.
Projectkiller: Our community has participated in a large number of projects in the pre-sale phase. When we had the opportunity to carry out the fundamental and financial analysis of Cherry, we found that it was one of the best-valued projects based on our analysis model. Additionally, we are confident in the management team and Cherry’s vision to become the next leader of the next web 3.0 revolution.
What are your main objectives and motivations for acting as a validator in our network?
32ventures: The network can be monitored by one of our partner’s (32ventures’) bots. Decentralization is ideal for the type of blockchains that the Cherry Chain is. A clear example of how to move forward on the issue of validators is Aleph Zero (of whose network we are validators also)
ProjectKiller: Our intention is to participate from its inception, betting on the project, promoting the adoption of the crypto asset and helping to turn its vision into a reality.
What decision-making process and criteria will you use to improve the network?
32ventures: We see diverse ways to contribute. Aside from validator decisions which will be made with careful consideration, we’ll involve ourselves in more proactive ways. We want to provide marketing in our Spanish group, try to help in any development of guides in validators, and even provide 32ventures.io bots.
ProjectKiller: We discuss all these issues through our community, where we have professionals specialized in the field who make great contributions to it.
What traits and acumen of your team make you a good asset to the Cherry Ecosystem?
32ventures: The experience and connections we have in the crypto world, thanks to the years we have been in it.
ProjectKiller: First of all, the support we have provided since the very beginning, the quality of our member-investors, the team of professionals behind Project Killer, and the disruptive approach of our community aimed at revolutionizing the analysis of blockchain projects.
What advantages or prospects of the Cherry Project motivated you to get involved in the first place?
32ventures: Their technology and assets. And it was also thanks to Diego (Project Lead at Seedling), who got me up to speed about Cherry very well. Also, as an investor, we think it is a very good opportunity to invest in projects of this level of market cap and the general situation in crypto.
ProjectKiller: As we have mentioned, the valuation of the project, and the vision of the team behind Cherry, have been the main motivators from the beginning.
As Cherry Network continues to evolve, we remain committed to refining and expanding our network architecture to provide the best possible experience for our community. Adding 32ventures and ProjectKiller as validators represents a significant and positive stride toward achieving our vision of a secure, scalable, and decentralized future.
Thank you for being part of this remarkable journey. We look forward to witnessing our new validators' positive impact on Cherry Network and our wider ecosystem.
Stay tuned for more updates, as plenty of exciting developments are in the pipeline!
Get involved!
There are many ways to get involved with the Cherry Community, whether you’re a large or small investor, a developer, or a creator who wishes to join the Cherry Ecosystem.
We have just launched the Cherry Network Mainnet, the first decentralized software connecting web3 to trustless file storage. Leverage the unique capabilities of the Cherry infrastructure, and build decentralized applications like never before. Potential partners interested in a trustless, business-ready interface to decentralized file systems can get in touch via our social channels or hello@cherry.network to learn more. Among the opportunities is a spot in our Cherry Labs program, where we incubate innovative startups who build on the Cherry stack.
Join the Cherry Community
If the Cherry mission of providing truly trustless distributed file storage for decentralized applications speaks to you, get in touch! Read our Cherry Lightpaper, and review our Technical Documentation to delve deeper into the Cherry stack.
We’ve brought together a community of technologists, artists, and creators, and we want you to get involved. We invite you to join our growing community if this speaks to you.
Follow the official Cherry social media accounts, stay up-to-date with all our news and announcements, and subscribe to the newsletter.
To learn more about Cherry, visit Cherry.Network
