The DEXON Foundation, the organization that guides in the development of the decentralized protocol platform, DEXON, announced on Monday the launch of its testnet, which will allow developers, to obtain the benefits of DEXON’s secure and near-infinitely scalable platform.
According to The DEXON Foundation, the DEXON testnet will serve as a tool that enables developers and technologists to develop an Ethereum-compatible DApp as a proof of concept to show what DEXON is capable of. It was revealed:
“While these tokens will be valueless, they will serve the purpose of testing trades between nodes on a DEXON simulated blocklattice that holds similar functionality to the main DEXON technology. The testnet will work in tandem with DEXON explorer, DEXSCAN which serve as a user-friendly explorer, showcasing, confirming, and validating all transactions. As well as DEXON wallet, DeKuSan, which allows users to visit the blocklattice on a browser, run DApps, view transactions and send tokens. Currently, the performance of DEXON testnet is 10K TPS with three-second latency, a record-breaking result in the market.”
While sharing more details about the testnet, Co-Founder of the DEXON Foundation, stated:
“After much anticipation, the DEXON team is proud to mark the first step in our journey of bringing cryptocurrency applications into the mainstream through the launch of testnet, which will underpin the legitimacy of our blocklattice ecosystem. We hope to continue to spread the word of the potential this technology holds by educating the developer community. The launch of testnet is an important milestone for DEXON, in that it provides a firsthand experience of a technology that was once only a high-level and innovative conversation.”
DEXON was founded earlier this year by the leadership team of COBINHOOD, a cryptocurrency services platform and zero-trading-fee exchange, with the goal of scaling blockchain through the innovations of a secure and credible blocklattice ecosystem. DEXON also announced the results from its first test of transaction speeds, which clocked an astounding 50 blocks per second with 25 nodes, which is an estimated one million transactions per second given a block size of 2MB and an average transaction size of 100 bytes. The platform added:
“With testnet, developers will be able to develop Ethereum-compatible Dapps, which supports an built-in unbiased on-chain random oracle. Because of its mass scalability, DEXON is able to handle the traffic of real-world applications. Global developer meetups to learn about DEXON will occur over the next few months in San Francisco, Russia, Korea, Taiwan and more.”