MARCH 26, 2019 – BROOKLYN, NY Kadena is excited to announce that Chainweb–Kadena’s public proof-of-work blockchain–is now live in testnet!
What is Chainweb Testnet? This version features the core innovation of Kadena’s Chainweb: multiple, braided proof-of work chains progressing in parallel, each referencing its peer chains, synced over three global regions (Asia, US, EU) to represent a truly distributed, secure, scalable blockchain.
Chainweb Testnet v0 includes:
10 chains – This is the most innovative and important feature of Chainweb. We are testing the security and scalability of braiding multiple Bitcoin-like (proof-of-work) chains.
Three regions – In order to truly test the speeds of a global network, Kadena’s Chainweb Testnet v0 will test global latencies by syncing across servers in Asia, North America, and Europe.
Fully open source and public binaries – Download and test the network yourself (Github links [pending]). Our public binaries are available at [pending]
Process Pact transactions – Kadena’s open-source Pact language is easy to learn, and is purpose-built for blockchain, capturing simple transactions and more complex business workflows; Chainweb v0 intends to be able to support Pact transactions.
Why is this testnet important? Kadena is a fundamental believer in the legacy and integrity of Bitcoin’s proof-of-work protocol. Chainweb is designed to give blockchain scalability AND security through its multi-chain configuration; we believe it is the first of its kind. For more about Chainweb, check out our 101/FAQ and read the whitepaper.
How can I participate in testnet? Beginning with v1 and v2, our testnet will become open to the public to participate in the network. v0 is private but open source on Github, so you can look at the code, compile, or download the binaries and run your own network and tests. Find something interesting? Let us know. Sign up for testnet participation updates via our newsletter.
— Kadena (@kadena_io) March 26, 2019
What else is next? Look forward to our next versions (v1 coming by early summer, v2 by late summer) for the following additional upgrades:
Scaling up (via hard fork) to 20, 50, 100 chains
KIPs*, including: coin contract
*KIPs (Kadena Improvement Process) are modeled after Ethereum and Bitcoin’s improvement proposals. We’ll soon publicize the methods by which our community can introduce and execute improvements to our protocol.
Interested in mining Chainweb? Our next test version aims to have a mining client, sign up here to get on our Mining Waitlist.