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F2Pool and Partners Join Psy Protocol Testnet with Real Hashpower Support

F2Pool and Partners Join Psy Protocol Testnet with Real Hashpower Support

Psy Protocol’s Proof-of-Useful-Work testnet, with partners including F2Pool, demonstrates over one million TPS and advanced zero-knowledge aggregation for enhanced scalability.

Summary

Psy Protocol announced that major mining and compute partners including F2Pool have joined its testnet for the Proof-of-Useful-Work platform. The network achieved over one million transactions per second through zero-knowledge proof aggregation, aimed at improving scalability. The integration of real hashpower from partners supports robust performance and security testing ahead of the mainnet launch.

Terms & Concepts
  • Zero-knowledge proof: A cryptographic method that allows one party to prove to another that a statement is true without revealing any underlying data.
  • Hashpower: The total computational power used by a network to process transactions and secure the blockchain.
  • Transactions per second (TPS): A measure of how many individual transactions a blockchain network can process in one second.