Zenchain Protocol Defi Launches Version 1 on Public Test

The ZenChain Foundation has announced the public testnet, the blockchain platform developed under the codename “Lotus-testnet”. This version ZenChain Test net enables digital asset creation include Non-fungible tokens (NFTs), decentralized swaps, multi-level multi-signature accounts, advanced staking, governance systems. In addition to the public release of the ZenChain testnet, the ZenChainFoundation invites developers and enthusiasts to join the ZenChain public chain testnet.

TechLead of ZenChain Foundation Kawasaki Takao said: “ZenChain is built for scale with frictionless onboarding and adoption for DEFI and NFT DApps. We’re excited to welcome the community and partners to participate in our testnet in preparation for becoming validators on our main net.”

The purpose of this release is to collect system data on the consensus protocol under more dynamic conditions and at a larger scale than the developer team can sustain internally. ZenChain Foundation needs widely validators, users to help generate telemetry data, analyze and feedback into the development team. The ZenChain team also wants users’ feedback on everything related to the testnet experience.

ZenChain Foundation also working to provide some novel ways for participants to engage with the testnet and monitor the network’s activity with our blockchain explorer at https://scan.zenchain.network There will be no persistence guarantees and tokens in the test network will not be transferable to the main net in any way. The test net needs to regenerate the genesis block and reset the test network periodically.

The subsequent testnet launch is in preparation for the main net scheduled to go live in the third quarter of 2021. More functions will be released in the next Testnet version is the NFTs trading, lending, and borrowing platform and build a bridge to Etherem, BSC, Tron, and Polkadot.

ZenChain Foundation’s CEO Josiah Tan said: “Our goal is to build the best experience for billion users on DEFI & NFT. We sought to build a secure and flexible solution that reduces costs and speed friction, increases trust, and expands the flow of ideas to accelerate innovation. The ZenChain does all this for a multitude of industries.”

For more information and to join the public testnet, visit: https://docs.zenchain.co/network/validators

We also run validators and delegators campaigns, people who join and interact with the network will be earned rewards. Once you do submit a request, please be patient, and we’ll have further updates for you soon. For more campaign details, visit:

https://medium.com/zenchain-protocol/zenchain-testnet-campaign-launching-27b846ca93fa

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.