Hyve Partners with Lido to Launch X Committee, Offering Scalable DA

Quick Summary:

Hyve, a Symbiotic-secured high-throughput middleware data availability protocol, is excited to announce a strategic partnership with Lido, the industry-leading liquid staking protocol for Ethereum, to create X Committee, HyveDA’s next permissionless, Ethereum-aligned DAC.

A significant step toward HyveDA reaching 1GB/s throughput while preserving its permissionless and censorship-resistant architecture is the introduction of the X Committee.

Through the staked ETH underpinning validators, HyveDA will be able to expand Ethereum’s security by listing Lido’s wstETH as the first collateral accessible on the X Committee.

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Article Details

Author / Journalist: Mohamed Faisal

Category: Crypto

Markets: United Arab Emirates

Topics: Blockchain News Web3 Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 17:00:00 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23743671

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Official Website: thenewscrypto.com

Update Frequency: 34 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

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