YOYOW Foundation Releases YOYOW 3.0 Testnet in Alpha Version to Support Smart Contract

This article was first published on Stories by yoyow on Medium
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Since the release of the “YOYOW Mainnet 3.0 Roadmap” and the “YOYOW DeFi Roadmap”, the YOYOW Foundation has been focusing on developing YOYOW 3.0. At present, the full-featured WebAssembly (WASM) runtime and virtual machine (YOYOW VM) were successfully integrated into the YOYOW 3.0 testnet. The Alpha version of YOYOW 3.0 supports the execution of Turing-complete smart contracts, and directly uses YOYOW’s native token YOYO as the gas cost for executing smart contracts.

Currently, YOYOW 3.0 Alpha version is running stably in the internal testing by the Foundation. In order to allow developers to test and develop smart contracts and decentralized applications (DApps) suitable for YOYOW VM, the YOYOW Foundation decided to upgrade the current 2.1 version of the testnet to the YOYOW 3.0 Alpha version of the testnet.

The YOYOW 3.0 Alpha version of the testnet will be upgraded in place at 10:00 a.m. on September 15, 2020 (GMT +8), and the content of the previous testnet will not be reset. The upgrade of the testnet will not have any impact on the mainnet.

When the YOYOW 3.0 Alpha version of the testnet can run stably, the YOYOW Foundation will release the code of the YOYOW 3.0 Alpha version in due course.

The WebAssembly (WASM) runtime and virtual machine (YOYOW VM) will become the core components of the YOYOW network and become an important backing to support the development of the YOYOW DeFi roadmap. The first DeFi project launched by the YOYOW Foundation is YOYOW.Swap and it will first be deployed on the YOYOW 3.0 Alpha version of the testnet.

YOYOW’s native token YOYO is currently listed on Binance, OKEx, AEX and Bitfinex....

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