Function X Testnet Recap
Function X Testnet started in June 2020 and is still ongoing, currently Function X foundation completed two phases for testnet and they are entering Phase 3 soon. We will recap in this article what the features are implemented in phase 1 and phase 2, also giving a brief about upcoming phase 3 features.
So lets start…
Phase 1 Testnet :
FX Core Testnet 1.0 launched on 11th June 2020, and it has been running until 25 August 2020.
The testnet included the following features :
What is FX Cloud?
Function X Cloud (FX Cloud) is a blockchain cloud service platform launched by Function X for enterprises and developers. This cloud platform is built on the decentralized framework of the Function X Blockchain. It is also the engine to create and deploy different blockchains on the cloud.
FX Cloud supports running validator nodes on the Function X Hub Chain without the need to have any coding skills.
What is FX Connect?
FX Connect is the decentralized blockchain wallet that supports transactions among the Function X network, allowing users to manage their FX tokens (send and receive), access the validator tools and delegate FX to validators.
What is Function X (FX) Explorer?
With FX Explorer, users can search, view and analyze FX Core data including blocks, transactions and validators.
What is FXCOIN?
FXCOIN is the coin used in Function X testnet. You can receive them from the Function X Testnet Faucet at https://functionx.io/testnet/. The same IP and wallet address can only be used once every 24 hours to obtain FXCOIN.
During the period of testnet 1.0 :
- Created 70 validator nodes, including our academic and governmental partners from Taipei InnoSquare and European University Cyprus;
- Processed 124,000+ transactions;
- Used by 97,000+ addresses;
- Generated over 850,000+ blocks:
- All 41 active validator nodes reach 100% uptime, which indicates FX Cloud operates reliably. Separately, there were 29 inactive validators.
- The average annual yield of each validator node on testnet 1.0 is 707.42%.
(For further details regarding testnet Phase1)
Phase 2 Testnet :
FX Core Testnet 2.0 launched on 18th September 2020, and it has been running until 30th September 2020.
The testnet included the following features :
- Scan QR code to login
- Build your own blockchain
- Set up validator nodes for both FXCore and other user-generated blockchain
- Upgrade FX Cloud & FX Connect — enhancing the functionality and user usability
- Add suspension and reactivation mechanisms to the FX Core
During the period of testnet 2.0 :
- Created 56 validator nodes;
- Processed 8299 transactions;
- 483 addresses were used;
- Generated over 236,817 blocks:
- 50 active validator nodes reach 100% uptime, which indicates FX Cloud operates reliably. Separately, there were 6 inactive validators (reduced from 29 in testnet 1.0). Some inactive ones are the result of performing attacks according to the testers’ feedback.
(For further details regarding testnet Phase2)
Next Up phase 3
Items that we did not manage to deliver during the testnet 2.0 but are currently working on at this moment:
- To enable cross-chain transactions capability
- To introduce a yield mining mechanism to the FX Core to support DeFi (Decentralized Finance)
- To publish Function X Core codes on Github for open source developers
Before the mainnet, we will complete the testing of FX cross-chain transaction feature. This is also one of the essential parts that a scalable blockchain network should have, as well as develop the infrastructure to enable DeFi feature. Here are the features we are planning to test in Testnet 3.0:
1. To introduce Project Space Station (relay nodes for cross-chain transaction)
2. To upload source codes to Github
3. To fix bugs
The result of testing cross chain transactions will be the key to decide when we can take FX mainnet live. Last but not least, to participate in Testnet 3.0, you can follow our official communication channels (Medium, Twitter, Facebook, Telegram, Reddit or subscribe to our newsletter) and beware of the scammers. Stay tuned and we look forward to your participation!
