Psy Protocol Launches Public Testnet with PoW 2.0 and Million TPS Capability
The new blockchain design combines Bitcoin-level security, zero-knowledge proofs, and horizontal scalability to support ultra-large-scale Web3 applications.
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Fact Check
Multiple sources from crypto news outlets (Kucoin, Phemex) corroborate that Psy Protocol has launched a public testnet featuring a 'PoW 2.0' consensus mechanism. The sources also state that 'million-level TPS' was achieved during internal testing, which supports the statement's claim of having this capability.
- Reference: 1
Summary
Psy Protocol has unveiled its public testnet, introducing a blockchain architecture that blends Bitcoin-grade security with internet-scale speed and throughput. Powered by zero-knowledge proofs and its PARTH horizontally scalable state system, internal tests have demonstrated million-level transactions per second and logarithmic block processing growth. Its PoW 2.0 consensus transforms mining into the creation and aggregation of zero-knowledge proofs, securing transactions while enabling developers to build massive Web3 applications.
Terms & Concepts
- Zero-Knowledge Proofs: Cryptographic methods that allow one party to prove to another that a statement is true without revealing any underlying data.
- PoW 2.0: An evolved proof-of-work consensus mechanism where mining involves generating and aggregating zero-knowledge proofs to secure blockchain transactions.
- Horizontally Scalable State Architecture (PARTH): A blockchain framework enabling scalability by distributing state processing across multiple parallel units, allowing high throughput and growth.