Nibiru Chain

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15 Mar 2024

Nibiru Chain (NIBI), a Layer 1 blockchain community developed using the famous Cosmos SDK framework and Tendermint Core Byzantine fault tolerance (BFT) device, aspires to end up the leading developer-pleasant and person-pleasant surroundings in the web3 enterprise. Its blockchain is geared in the direction of developing exceptionally secure, interoperable and green DApps in regions along with decentralized finance (DeFi), actual-global belongings (RWAs) and gaming. Nibiru Chain became founded in 2022 in Palo Alto, California via Unique Divine, Kevin Yang and Joonathan Gimero. Its technical blessings and developer-pleasant features have attracted extensive hobby from the blockchain-targeted task capital (VC) network, with the undertaking having raised $20.Five million in investment as of mid-March 2024. Nibiru launched its testnet in 2023 and its mainnet on Mar 12, 2024.

Nibiru Chain Features

Searchable Index: Nibiru offers a searchable index of blockchain statistics for clean evaluation, allowing Web3 projects to track consumer behavior and make knowledgeable selections.
Oracle Module: Nibiru's sturdy Oracle Module addresses the restrictions of current platforms, imparting a secure and efficient answer for actual-global data integration.
Improved Incentive Model: Developers advantage from an enhanced incentive model tying rewards to time-weighted Total Value Locked (TVL) in smart contracts, aligning with surroundings growth.

Nibiru Chain Products

Nibi-Perps: A completely on-chain perpetual futures DEX providing up to 10x leverage buying and selling. It addresses DEX demanding situations with decreased latency and an answer for market imbalances.
Nibiru Oracle Module: Facilitates stable and rapid actual-global information integration into the blockchain, essential for pricing at the Nibi-Perps DEX and other functionalities.
Nibi-Swap: An automated market maker (AMM) protocol for spot trading, helping stableswap and steady product swimming pools, improving DeFi liquidity and functionality.
NUSD Stablecoin: Nibiru's native stablecoin, NUSD, draws liquidity from Ethereum to Cosmos, offering superior gear for yield era and cross-alternate arbitrage.

How Does Nibiru Chain Work?

As a Cosmos SDK–based totally blockchain, Nibiru uses a chosen proof of stake (DPoS) block validation version to strength its operations. With DPoS, users can allocate their stakes to a preferred validator node and earn a percentage of the block validation rewards. Nibiru’s block validation machine is designed to maintain high throughput and processing performance. In addition, its Tendermint Core functionality facilitates immediate finality and prioritizes safety to prevent double spending and forking, thanks to its BFT technique. A block of transactions is confirmed at the community in an average time of one.4 seconds, and the platform’s universal throughput capability is forty,000 transactions consistent with 2nd (TPS) — one of the fine consequences inside the enterprise. DApps advanced and hosted on Nibiru can set up move-chain communications with dozens of other blockchains using the Inter-Blockchain Communication (IBC) bridge, a popular interconnectivity answer linking the giant majority of Cosmos blockchains. The IBC bridge is a essential platform, allowing customers to transport digital property speedy and seamlessly among blockchains within the Cosmos environment.