Chorus One expands to Urbit peer-to-peer network.

Chorus One, which provides staking services for over 40 blockchains and protocols including Ethereum, Solana, Cosmos, and Polkadot, is entering the Urbit peer-to-peer network hosting services market with its new hosting platform called Red Horizon. This marks the first time a major blockchain or technology player outside of the close-knit Urbit ecosystem has entered the network. According to Gary Lieberman of Chorus One, Urbit is a peer-to-peer network that operates by providing each user with a “personal server” to store their data, with users keeping local records of their interactions on the network. The network was founded in 2002, well before the launch of Bitcoin in 2009, and while it is not technically a blockchain, it shares many of the same ideals, such as avoiding middlemen and centralized “Web2” applications that profit from users’ data. Chorus One’s new hosting service may be “ideal for the general public, DAOs, and any other community interested in leaving MegaCorps behind,” according to the company’s press release. A DAO is a type of organization governed by computer code and token holders, rather than shareholders and executives. Urbit’s complexity has been criticized by some, but the introduction of hosting providers has been an attempt to attract more users to the network by making it easier to get an ID in exchange for a fee. Urbit Foundation Executive Director Josh Lehman spoke at blockchain’s Consensus 2023 conference in May, noting that the number of IDs or “ships” on the network had risen significantly over the past year as more hosting services became available. Urbit’s website currently lists three hosting providers, including Tlon, the for-profit company that sponsored the network’s development until 2021. For Chorus One, providing a hosting service for Urbit is a natural extension of its staking services for blockchain networks, according to Lieberman. “We anticipate that Urbit itself will be a product that a lot of people will want to use,” said Lieberman, also known as ~tiller-tolbus on Urbit. “Hosting was somewhat of an obvious place to go.” Edited by Parikshit Mishra.