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South Korea-Based DSRV Joins Forces With TZ APAC To Become A Tezos Baker

TZ APAC, one of the leading Asia adoption entities supporting the Tezos ecosystem, has announced that South Korean DSRV has come on board the Tezos blockchain as a baker. By officially becoming a baker, DSRV will now validate transactions (blocks) and add them into the Tezos ecosystem.

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TZ APAC And DSRV

 TZ APAC, one of the leading Asia adoption entities supporting the Tezos ecosystem, has announced that South Korean DSRV has come on board the Tezos blockchain as a baker. By officially becoming a baker, DSRV will now validate transactions (blocks) and add them into the Tezos ecosystem.

DSRV is a validator and infrastructure provider with a deep understanding of blockchain, providing infrastructure for early blockchain networks into the sustainable Proof-of-Stake consensus, requiring 2 million times less energy than the Proof-of-Work mechanism.

As a Korean blockchain entity, DSRV has received a seed investment from Naver D2SF in 2020 and attracted Series A investment from KB Investment and Samsung NEXT in May this year.

DSRV is on the technical advisory board of and node operator for Terra, Celo, CODA, NEAR, Flow, and Polkadot. It was also appointed as the DAO validator of the LIDO protocol, a representative project of Ethereum 2.0.

“DSRV wants to become a partner that considers the overall expansion of the blockchain industry ecosystem together with partners and clients who share a vision. We will contribute to making the Tezos ecosystem healthy and constant,” said Ji Yoon Kim, CEO of DSRV. 

The Tezos blockchain operates on the consensus algorithm based on a Liquid Proof-of-Stake mechanism (LPoS). Block creators, called “bakers” on Tezos, are responsible for validating transactions, securing the network, and voting on key network upgrades. 

“We are extremely excited about this partnership with DSRV and advancing the sustainability agenda in Southeast Asia. Asia as a whole is a fertile ground for blockchain innovation, and one of the key driving factors for TZ APAC is to uplift early blockchain adopters in the region,” said Julian Low, Director of Business Development, South East Asia, TZ APAC.

As DSRV begins the official operation of the baking node, Tezos plans to accelerate cooperation in sustainable technology development in Korea and the rest of Asia Pacific. DSRV provides a domestic network for collaboration to develop the Tezos protocol and will continue to cooperate with Tezos when developing blockchain infrastructure services in the future.

Tezos has over 400 validators around the world including internationally recognized enterprises as corporate bakers, such as CoinbaseLedgerUbisoftExaion, and more. Tezos also has a growing DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield farming protocols, and surging AMM platforms. 

Game developersmusic labelssporting franchisescentral banks, and more are all building on Tezos. Other mainstream entities currently engaging with Tezos for blockchain-based activities include China-based BSN, ERX, Sygnum Bank, and more.

TZ APAC aims to empower enterprises and individuals to harness the power of the Tezos blockchain by providing capital deployment, resource development, strategic advisory, project management, as well as marketing and strategic communications services in the region.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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