• Yield App announces ETH-compatible Haven1, a Layer 1 blockchain powered by Yield App Labs.
• Haven1 utilizes the proof of authority consensus method to provide reliable on-chain financial transactions.
• It brings forth a verified identification architecture to remove the need for users to maintain private information on the blockchain.

Yield App recently announced that it will Incubate Haven1, a layer 1 blockchain powered by Yield App Labs. This blockchain is ETH-compatible and was developed with the growing need for reliable on-chain financial transactions in mind. It utilizes the proof of authority (PoA) consensus method which ensures the security of the blockchain while also paving the way for the broad adoption of web3.

Haven1 has a unique feature of having a verified identification architecture. This eliminates the need for users to maintain private information on the blockchain and allows for safe and legal on-chain financial transactions. This resolves the issue of DeFi limitations inside regulated institutions. Since the identification of every Haven1 validator and their activities on the network are verifiable in public, the network’s dependability and integrity will be improved.

The incorporation of Haven1 into Yield App will provide investors with the opportunity to participate in the construction of this layer 1 breakthrough. This will help create an ecosystem of trust and security for digital assets and financial transactions. Haven1 also has dispute resolution measures built-in and has partnered with reliable organizations to ensure that every asset on the network is protected.

Yield App’s integration of Haven1 is an innovative step for the blockchain industry and will help create a secure and reliable digital financial environment. With this, Yield App is sure to revolutionize the way we handle digital assets and financial transactions.

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