Wanchain Staking - Beta Testnet Live and TPS Increased to 1000+

The beta testnet for Wanchain Proof of Stake has been released along with three new Wanchain products

Noah Maizels
Jun 26 · 4 min read

The beta release features a number of exciting developments:

  1. PoS upgrade — Major performance boost
    First, the original PoW-based test network is transitioning to PoS. This lays the foundation for the team to eventually switch the consensus mechanism on the main network. The beta version of the testnet has doubled the speed of block production, which means that the transaction throughput of the entire network has doubled, marking a giant step forward in performance. We will see staggering increases in TPS upon mainnet launch versus current performance, as our lab results have shown upwards of 3000 TPS and our private network is showing 1000+ TPS.

Learn more about Galaxy Consensus in our Deep Dive series:

Part 1: General Overview
Part 2: Random Number Generation
Part 3: Leader Selection Algorithms
Part 4: Delegation Mechanism
Part 5: Economic Incentives

Wanchain

Our mission is to provide an open and trusted platform to power transfer of digital assets across siloed blockchains. We believe this will enable us to connect and empower communities globally.

Noah Maizels

Written by

https://www.linkedin.com/in/noah-maizels/ https://github.com/noahniuwa

Wanchain

Wanchain

Our mission is to provide an open and trusted platform to power transfer of digital assets across siloed blockchains. We believe this will enable us to connect and empower communities globally.