PCHAIN Testnet will Go Live Ahead of Schedule
Peak TPS 35K+! PCHAIN will Launch Public Testnet
SHANGHAI, Sept. 10, 2018 /PRNewswire/ -- PCHAIN enthusiasts will be happy to hear that the PCHAIN testnet will go live ahead of schedule. PCHAIN testnet will launch on 12 September 2018, the PCHAIN Twitter profile has announced that the testnet will release before the road map and ready to go. It will be interesting to see how PCHAIN's testnet launch will impact the price given that bearish sentiment is still dominating the crypto markets. PCHAIN's mainnet is scheduled to launch on March 2019, and it seems that the technical development of PCHAIN is going better than expected.
PCHAIN PDBFT Test: On July 6, PCHAIN successfully completed the intercontinental consensus test, Asia, Singapore, Europe, Germany and the Americas Silicon Valley. The 30 cross-continent nodes of PCHAIN can reach consensus, which means that when PCHAIN is officially launched, all nodes can guarantee the normal operation of PCHAIN and provide stable services to the outside world. At present, most of the algorithms that can be implemented across continents are POW classes, while PDBFT, which was invented by PCHAIN, is the first PBFT class algorithm that can span continents. On 14th July,2018, based on the PDBFT consensus mechanism, PCHAIN finished consensus testing of 200 nodes.
PCHAIN Testnet Announcement: PCHAIN officially announced on July 25 that PCHAIN Testnet 1.0 would be launched ahead of the roadmap. And Dr feng Cao, the founder of PCHAIN, revealed one of the most important questions firtly on July 26 that PCHAIN testnet would have 1000+ nodes.
PCHAIN TPS Progress: PCHAIN 10k main mode lines for Testnet have been accomplished on Aug 6, 2018. And in the short video, we can see the the multichain branch & BLS branch & new one stack branch. On Aug 9, PCHAIN officially announced that PCHAIN has completed 128 child chain in the world. On 13th August, PCHAIN released a screenshot of Testnet 1.0 for the community. The entry level result is 20K TPS and the final TPS should be much higher. The website of PCHAIN testnet 1. 0 has been completed and the number of super nodes was over 1000. On Aug 23, PCHAIN officially announced that PCHAIN has reached 35k TPS with 100,000 time node cost reduction. PCHAIN achieved 10 times TPS with 143 times node cost reduction, 64 times on CPU and 244 times on memory.
PCHAIN's global local full node test recruitment plan
In order to provide the community with stable and dynamic balanced consensus node services, PCHAIN will officially launch PCHAIN Dynamic Super Node Plan Eve—Executive Super Node Campaign on 22th August, 2018. We plan to recruit the first batch of 10% Dynamic Super Node candidates around the world from this campaign. All the participants will get 8%~10% profits reward. More rules will be announced later.
PCHAIN highlight 3 innovation points
1）The 1st multichain supports EVM and interoperability between main chain and child chains as the "native" multichain.
2）PDBFT consenus greatly reduced communication cost from N^2 to N, which can achieve better efficiency with DPOS and 100 times decentralization.
3）PCHAIN Panda Dynamic Super Node which introduced dynamic mechanism in POS rewarding system to reduce the Matthew Effect and make the whole system more stable and equate regarding smart data and cross chain，PCHAIN already developed the 1st version and in the internal test which will be online in TestNet 2.0
The key features of PCHAIN
a ) Invocation of Smart Contract for Non-native Tokens
The PCHAIN Network supports cross-chain calls. With the toolkit provided by the PCHAIN Network, the smart contract on the PCHAIN Network can be invoked using non-native Tokens of other chains. The toolkit currently supports BCH and Tokens following the ERC20 protocol.
b ) Consensus of Sharding
The PCHAIN Network supports expansion of chain and improves operational efficiency by introducing Sharding mechanisms at different levels and supporting POS consensus mechanism.
c) Knowledge Graph and Smart Data
The goal of PCHAIN Smart Data is to generate valuable data, filter the noise of the data, and become an element of the smart contracts Oracle.
d) Supporting EVM
The PCHAIN Network now uses Solidity + EVM for smart contracts in both its main chain and side chain so that existing EVM users can quickly build new or migrate existing DApp applications on the PCHAIN Network.
PCHAIN is the world's first native multi-chain system supporting EVM, with original PDBFT algorithm, unified knowledge graph and smart data Oracle mechanism. PCHAIN is committed to support non-native Token smart contract calls and solve problems like improving blockchain performance, smart contracts loop not closed, rely on external data. It will make large-scale industrial applications of blockchain smart contracts possible.
PCHAIN have announced the business ecosystem plan. PCHAIN will collaborate with protocol, and Dapp projects including Certik, InVault, Qbao, Bodhi. PCHAIN won more than 20 top global strategic investment funds including FBG, LD Capital, Genesis, BlockVC, LinkVC and so on. And also PCHAIN is the north American association of blockchain strategic cooperation partner. PCHAIN ranked the top 2 blockchain in the world which was judged by several international blockchain rating agencies. In addition, PCHAIN won the Silicon valley award " The most promising blockchain infrastructure platform in 2018" and was voted to be the best blockchain platform in 2018 by Bitcoinist.