Enjin Coin Will Expand the Active Validator Slots on Its Relaychain Mainnet from 15 to 25

Enjin Coin will expand the active validator slots on its Relaychain Mainnet from 15 to 25 on April 28th. This adjustment is scheduled to occur at Block 9962945 and is intended to enhance decentralization within the network.

Enjin Coin, the ERC-20 token underpinning the Enjin ecosystem, will see its active validator slots expand from 15 to 25 on April 28th. This adjustment, set for Block 9,962,945, aims to further decentralize the network.

As highlighted by the official ENJ Twitter account, Enjin is a multi-faceted platform focused on the intersection of blockchain and gaming.

The Enjin ecosystem is home to a collection of interconnected gaming products, all revolving around the Enjin Network. Within this network, users can engage in social gaming activities. This includes building gaming websites, forming clans, engaging in chat forums, and opening virtual item storefronts.

At the heart of Enjin’s technology lies the ability for game developers to tokenize in-game items on the Ethereum blockchain. This process imbues these digital assets with real-world value, allowing them to be bought, sold, and traded on integrated marketplaces.

This digitization procedure not only virtualizes the items but also brings transparency, verifies authenticity, and guarantees the scarcity of the tokenized assets, ultimately enhancing their inherent value and utility across diverse applications.

Serving as the backbone of the Enjin ecosystem is the Enjin Coin (ENJ), an ERC-20 token. This digital store of value is integral to the creation and backing of blockchain assets, particularly non-fungible tokens (NFTs). Every NFT produced within the Enjin platform has ENJ embedded within it, effectively locking this value and removing the corresponding ENJ from the general circulation.

This system ensures that the assets possess inherent value, provides liquidity, and introduces an anti-inflationary model. Additionally, Enjin’s unique “melting” feature grants users the option to dissolve their assets, subsequently reclaiming the intrinsic ENJ.