The DEXON Foundation, which guides the development of the decentralized protocol, DEXON, announced today the launch of its testnet, which will allow developers, to realize the benefits of DEXON’s secure and scalable platform.
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. 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.
DEXON was founded in 2018 by the leadership team of COBINHOOD, a cryptocurrency services platform, and exchange, with the goal of scaling blockchain through the secure and credible blocklattice ecosystem.
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.
[perfectpullquote align=”full” bordertop=”false” cite=”Popo Chen, Co-founder of both COBINHOOD and the non-profit DEXON Foundation” link=“” color=“” class=“” size=””]”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.”[/perfectpullquote]
Along with $20 million of funding led by IDG Capital back in August, DEXON simultaneously announced the results from its first test of transaction speeds, which clocked 50 blocks per second with 25 nodes – an estimated one million transactions per second given a block size of 2MB and an average transaction size of 100 bytes.