Merkle Network Testnet Launch
Tl;DR:
- Merkle Network is now live on testnet
- Cross-chain data and asset transfers are now possible through Merkle Network
- Introducing iMerkle — First Interoperable token standard to be launched on Merkle Network (bye bye bridges)
- Further Information and documentation will be released in the coming days
- Merkle Network code to be released with Business use license after the audit
- Merkle Network testnet will also be known as Pilot Network selected after community naming contest
We are excited to announce the launch of Merkle Network testnet — a new beginning into the interoperable Universe. After months of ideation, conceptualization and development, Merkle Network is finally available on the testnet. The testnet launch marks an important feat for Merkle Network as this is the first time we can demonstrate
In the coming days, we will make announcements about new additions and updates to the protocol. We will also release more documentation explaining the intricacies of the protocol and how to build cross-chain applications using Merkle Network.
As the development progressed our team expanded the initial scope of the protocol to include a wide range of use cases and reduce the friction in requesting data from other blockchains.
What’s included?
As a part of the testnet launch, Merkle Network is releasing various components of the network and the protocol. Plus an additional service built on Merkle Network to demonstrate how applications can be built on Merkle Network.
Merkle Network Protocol — The testnet includes complete on chain protocol that enables the transfer of data and assets between multiple connected chains.
Validators Network — As The testnet uses validator network to source the requested data from source blockchain to the destination blockchain.
Validation Proofs — Our testnet currently uses MATIC Mumbai testnet for adding the data proofs which can be used by the applications and users.
Security Features — Merkle Network incorporates various security measures to prevent against multiple vulnarabilities that plagues current cross chain applications including centralized control, admin keys, double spent issues, data duplicacy, data manipulation etc.
iMerkle Application — First interoperable token standard to be launched on Merkle Network. This is the first service built on Merkle Network which can be used by a user directly or integrated in any cross chain application.
More to come
Merkle Network has many distinguished features and offers high level of customizations and security features that an application may chose while building their cross chain solution on Merkle Network.
Over the coming days we will release further documentation to facilitate developers to build cross chain applications using Merkle Network and protocol. We will also publish more educational materials to create awareness about the application of Merkle Network in various use cases.
We will gather community feedback and some early testers about their experience with using Merkle Network. Thereafter we will open for bug bounty and run audits simultaneously. This will ensure that no stone is left unturned to ensure the safety and security of the protocol.
Software License
Merkle Network is a strong advocate for open source technologies and innovation but we also understand the current landscape in the cryptocurrency space where cloning/forking is very common. Therefore, Merkle Network will be released as an open source “Business Source Licence” to discourage unauthorised use and facilitate the growth of the ecosystem on Merkle Network.
With the copyright no one would be able to simply copy the Merkle Network’s code base but it will be open for anyone to build their applications using Merkle Network. Thus, it will not deter any innovation, infact it will bring together all the different projects to use Merkle Network and the services built on Merkle Network will be able to work with each other and reap the benefits of Network effects.
Protocol Contracts
Currently, the protocol contracts are deployed on 3 blockchains on the testnet. This includes Ethereum’s Ropsten Testnet, Binance Smart Chain Testnet and Polygon’s Mumbai Testnet. The contract addresses on all the supported blockchains are:
Ropsten Testnet : 0xb0bB9ea22d3B2f7898dfbB177e677A148dFdE73D
BSC Testnet : 0x802741e634abB86c85Bd7824e7eCA25B3d1a141E
Polygon Testnet : 0xb0bB9ea22d3B2f7898dfbB177e677A148dFdE73D
Additionally, iMerkle factory contract addresses are
Ropsten Testnet : 0x86586C89f1D73cEaD665d6ceC5d620c674C0Fa34
BSC Testnet : 0xFEAC932ed193862bC58DE8D264a138F836D92dE1
Polygon Testnet : 0xd050b7923dbD0dAE4fE680c28a2d84e4c9371dF1
If you have any feedback or would like to learn more about Merkle Network, join our community to discuss more. And don’t forget to check out our whitepaper and follow us on social media to keep updated with our important announcements.
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