Do you remember when we were developing our WBT, we promised that it would evolve into its blockchain by Q1-Q2 2023? We are thrilled to announce that the test network was launched on March 31st, 2023.
The test network is a blockchain instance that works similarly to the main net, which can be used for testing and experimentation without risk to funds or the main network. Testnet coins differ from mainnet coins in that they have no value and can only be used for testing purposes.
There were already:
- Created over 1 600 000 blocks;
- Processed over 21 500 000 transactions;
- Distributed over 1 190 000 testnet coins.
This was the first step in the transition to Whitechain Network's own blockchain, which we covered in the White Paper.
For you, this means new opportunities in a secure and transparent blockchain system, where transactions will cost mere pennies. Moreover, our blockchain allows us to provide new services and expand the functionality of the exchange.