Solv Joins Core Blockchain as New Validator, Strengthening Network Security

The Core Foundation has announced the addition of Solv to its validator set, marking a significant step in strengthening the security and decentralization of the Core blockchain ecosystem. This development comes as Core continues to expand its presence in the Bitcoin staking and BTCfi space, with Solv bringing its expertise as a leading Bitcoin Staking Platform to the network.

Validators play a crucial role in maintaining the integrity of the Core blockchain by validating transactions, producing new blocks, and ensuring adherence to network protocols. Solv's election as a validator underscores Core's commitment to building a robust and secure network, particularly as the platform grows its footprint in the Bitcoin staking and BTCfi sectors.

The timing of this announcement is notable, as Solv recently secured $11 million in funding at a $200 million valuation, bringing its total funding to $25 million. This capital injection is set to fuel the expansion of Solv's Staking Abstraction Layer (SAL), which aims to drive mass adoption of Bitcoin staking. The funding round included participation from notable investors such as Nomura subsidiary Laser Digital, Blockchain Capital, OKX Ventures, and Core Ventures.

Core's unique approach to security, which combines Bitcoin's mining power with an Ethereum-compatible blockchain infrastructure, has attracted significant attention. The network utilizes the Satoshi Plus consensus mechanism, merging Delegated Proof of Work (DPoW) with Delegated Proof of Stake (DPoS). This innovative model allows Core to leverage Bitcoin's established security while supporting smart contract execution and decentralized applications.

The addition of Solv as a validator is expected to further decentralize Core's network while increasing trust and stability. This collaboration highlights the growing confidence in Core's security model, potentially attracting both institutional and individual participants to the ecosystem.

Since launching non-custodial Bitcoin staking in April 2024, Core has seen significant adoption, with nearly 5,000 Bitcoin staked. The platform's BTCfi ecosystem has grown to over $400 million in Total Value Locked (TVL) and boasts more than 80,000 daily active users. These developments position Core as a key player in the evolving landscape of Bitcoin-aligned blockchain platforms, offering a secure foundation for DeFi applications, staking, payments, gaming, and NFTs.