DEXON Launches Testnet to Further Democratize Cryptocurrency and Cultivate Its Blocklattice Ecosystem

With One Million Transactions per Second, DEXON, Introduces Testnet, Inviting Developers To Trial Its Decentralized Transaction Protocols Marking First Steps Of The Technology Company

NEW YORK, Nov. 12, 2018 /PRNewswire/ -- The DEXON Foundation, which guides the development of the revolutionary decentralized protocol, DEXON, is announcing today the launch of its testnet, which will allow developers, to reap the benefits of DEXON's secure and near-infinitely scalable platform. DEXON was founded in 2018 by the leadership team of COBINHOOD, the leading cryptocurrency services platform and zero-trading-fee exchange, with the goal of scaling blockchain through the innovations of a secure and credible blocklattice ecosystem.

The DEXON testnet will serve as a tool that enables developers and technologists to develop an Ethereum-compatible DApp as a proof of concept to show what DEXON is capable of. While these tokens will be valueless, they will serve the purpose of testing trades between nodes on a DEXON simulated blocklattice that holds similar functionality to the main DEXON technology. The testnet will work in tandem with DEXON explorer, DEXSCAN which serve as a user-friendly explorer, showcasing, confirming, and validating all transactions. As well as DEXON wallet, DeKuSan, which allows users to visit the blocklattice on a browser, run DApps, view transactions and send tokens. Currently, the performance of DEXON testnet is 10K TPS with three-second latency, a record-breaking result in the market.

"After much anticipation, the DEXON team is proud to mark the first step in our journey of bringing cryptocurrency applications into the mainstream through the launch of testnet, which will underpin the legitimacy of our blocklattice ecosystem," said Popo Chen, Co-founder of both COBINHOOD and the non-profit DEXON Foundation. "We hope to continue to spread the word of the potential this technology holds by educating the developer community. The launch of testnet is an important milestone for DEXON, in that it provides a firsthand experience of a technology that was once only a high-level and innovative conversation."

Along with $20 million of funding led by IDG Capital back in August, DEXON simultaneously announced the results from its first test of transaction speeds, which clocked an astounding 50 blocks per second with 25 nodes - an estimated one million transactions per second given a block size of 2MB and an average transaction size of 100 bytes. With testnet, developers will be able to develop Ethereum-compatible Dapps, which supports an built-in unbiased on-chain random oracle. Because of its mass scalability, DEXON is able to handle the traffic of real-world applications. Global developer meetups to learn about DEXON will occur over the next few months in San Francisco, Russia, Korea, Taiwan and more.  For scheduled meet-ups please join DEXON Telegram: https://t.me/dexon_foundation

To learn more about DEXON, please visit - https://dexon.org/

ABOUT DEXON

Founded in 2018, DEXON is the fastest blockchain in existence, intended to excel at the exacting demands of real-world usage. This new blockchain technology uses parallel blockchain systems that work together to form an infinitely scalable, low-latency decentralized processing engine. DEXON is the premier blockchain platform for developing DApps, as DEXON's Turing-complete programming language allows developers to create and deploy DApps with ease, facilitating mass adoption through its permissionless distributed-ledger technology. The DEXON Foundation was launched by the executive team at the cryptocurrency exchange, COBINHOOD.

SOURCE COBINHOOD