In November, HALO Network achieved several developmental milestones as the blockchain moves towards becoming the mainstay of DeFi dapps. Though these reports are communicated to the public through its social media platforms, not everyone keeps tabs on these things.
Below is a recap of HALO Network’s development strides in November.
LP Cross-chain Function Launch
In November, HALO Network launched the LP cross-chain function, a revolutionary feature that allows users to use one LP across multiple platforms.
This means you can create an LP token on HOSWAP and use it on PancakeSwap or Uniswap. It’s the first of many to come only on HALO Network.
HOS Destruction Mining Ends
The destruction mining of HOS has been halted. With the conclusion of the vesting phase of the native token from the IDO purchase, the destruction mining pool has outlived its usefulness.
With the closure of the HOS destruction mining pools, users can expect new additions that spur the blockchain to life. There’s a lot more where that came from, so no need to worry.
New Nodes Added
There has been a surge in the number of users relying on HALO Network, resulting in more network outages. Interestingly, the blockchain has taken the bull by the horn with the introduction of new nodes.
With these new nodes, users have access to more options, reducing the pressure on existing nodes. This will bud well for the blockchain in the long run.
Hashpay Wallet Supports New HALO Nodes
In November, HALO Network rolled out more nodes to cater to its growing number of users. Hashpay Wallet will support these new HALO RPC nodes, making it easier for those using the wallet provider to access the blockchain on these new nodes.
This latest support for HALO Network new nodes by Hashpay is captured in the recent update of the wallet app. Anyone looking to use these new nodes to access HALO Network will have to update the Hashpay Wallet application.
HALO Network 2.0 In the Pipeline
November came with the promise of HALO Network 2.0. It is expected to usher in a new dawn in the DeFi space. The upgrade will see the different HALO ecosystems functioning optimally so users can make the most of the blockchain.
HO Pledging Upgraded
As HALO Network continues on the path of development, the blockchain finds ways to improve its services for users. The POS Node is one of those modules affected in this transition to a more efficient digital ledger.
Previously, users can pledge HO tokens and redeem the pledged asset anytime. While this supports the convenience of those pledging, it puts the blockchain under undue strain.
Being a proof of stake blockchain, HALO Network relies on HO staking to deliver on the expectations of users. Other networks require the locking of stakes for a long duration, but HALO Network hasn’t followed suit until now.
The latest HO pledging module requires the locking of a minimum of 100 HO tokens for either 180 days or a 360-day pledge period. Both options differ in the dividends attached, so users need to think deeply before choosing any specific pledge period.
HALO Network’s introduction of the pledge period should improve the fortunes of the blockchain while discouraging unscrupulous activities that have left many a blockchain reeling.
Stars Community Unveiled
November came with a nice surprise for HALO Network community members and the general public. HALO Lab launched the Stars Community, a module that rewards community members that support the blockchain.
Anyone looking to participate has to pledge HO tokens – a process that supports the blockchain while rewarding those pledging. HALO Stars Community membership will open doors to the many early adopter programs that are coming to HALO Network. Recall that HALO Network is a blockchain for DeFi and GameFi projects, which are known to require early adopters. And the HALO Stars Community will cater to this need.
HALO Block Explorer Upgraded
HALO Network has recorded more traffic in recent times. This has exceeded the capacity of its block explorer, resulting in disrupted service.
HALO Block Explorer upgrade took place in November, a situation that’s expected to better the service of the blockchain to its users.
HALO Weekly Report is Out
If there’s one blockchain that’s keen on carrying investors and users along, it’s HALO Network. The HALO weekly report is proof of that. Every week, the digital ledger provides its community and the blockchain public with a breakdown of the performance of its different ecosystems.
This November, the weekly report confirmed the exponential growth rate of the blockchain, as the network establishes itself as the livewire of DeFi and GameFi.
Conclusion
HALO Network developmental assessment for November points to the growing popularity of the blockchain. With DeFi and GameFi dapps rising in their numbers, HALO Network is here for the long haul.
Follow HALO Network and stay up-to-date:
🔘 Official Website: https://halo.land
🔘 Telegram Group: https://t.me/HALONetwork
🔘 Telegram Channel: https://t.me/HALONetwork_news
🔘 Twitter: https://twitter.com/network_halo
🔘 Medium: https://halonetwork.medium.com
🔘 Reddit: https://www.reddit.com/r/halonetwork
🔘 Discord: https://discord.gg/7rMEbWzacd
