BandChain Wenchang Testnet #2: Update & Next Steps
Band Protocol’s Wenchang Testnet #2 has been running for about 40 days now with over 40+ validators and more participating so far with 80% of the group maintaining 100% uptime. Thank you to our group of validators including our partnered genesis validators and community-run nodes who have been participating to produce over 1,500,000 blocks with zero downtime at an average block time of 1.9 seconds.
Our priority for BandChain is to maintain the highest degree of security while retaining the highest degree of decentralization. We have been working tirelessly with our validators to run a myriad of stress-tests against both private and public testnets to ensure that the network will be able to withstand the load required upon Mainnet launch and beyond.
The test suit to-date includes a wide range of expected and rare transaction behaviors including:
- Sending tokens in multiple ways i.e. >100 concurrent token transfers
- Delegating for a large number of validators concurrently
- Undelegating tokens from validators
- Withdrawing and staking the reward
- Creating and voting for proposals to spend community rewards while changing parameters
- Verifying jail condition on validators not voting on blocks
- Verifying unjail condition on the validator after jail duration period has passed
- Verifying slashing condition for double-signing
All the aforementioned tests including many more edge cases have passed without any issue, clearing the way for Band Protocol to launch mainnet.
Stay tuned for the official Mainnet details very soon!
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github
