This article was first published on Wanchain - Medium
The beta testnet for Wanchain Proof of Stake has been released along with three new Wanchain products
Wanchain’s Staking beta testnet has officially launched today, June 26th, 2019, as part of the journey toward a full transition from Proof of Work to Proof of Stake!
The beta release features a number of exciting developments:
- 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.
See this link for the validator beta testing instructions:
2) New PoS-enabled Light Desktop Wallet (Link)
Remember how fun it was syncing the full node on your Wanchain desktop wallet? No more! We’re very excited to introduce our all new desktop light wallet — Wan Wallet — with a modern, minimalist design and fast load time. In addition to the universal token transfer of our previous wallet releases, the new light wallet also provides an interface for PoS delegation (currently limited to the testnet).
- The new light wallet can be used with all functions available before switch from POW to POS, PoS delegation feature works with existing validator nodes (They are already up and running but not participating in POS consensus protocol, since the switch from POW to POS didn’t occur yet).
3) Major blockchain explorer update (Link)
The blockchain explorer has ...
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Wanchain - Medium