SEOUL, South Korea, Sept. 27, 2018 /PRNewswire/ -- YGGDRASH, a global 3rd generation blockchain developer based in South Korea, launched the industry's first testnet that supports multichain implementation. It was acclaimed by the open source developers that it has addressed the technical limitations of capacity issues inherent in Ethereum.
"dApp (Decentralized App) that runs on YGGDRASH's main net will ensure independence at the level of Decentralized Autonomous Organization (DAO)," explained David Seo, CEO of YGGDRASH. "The goal of YGGDRASH is to implement an interchain platform such as DNS (Domain Name Service) logic of the Internet on a blockchain, making it more accessible for more companies to build upon and more users to utilize."
The key feature of YGGDRASH Testnet is that it implemented multichain on the testnet for the first time in the blockchain industry, making a step closer to overcome the notorious limitations of speed and scalability that blockchain technology holds. Furthermore, it has invested considerable amount of time and effort to make blockchain feasible for the users by optimizing the end-user interface and user experience, which are often overlooked by many other projects. YGGDRASH has increased accessibility and usability making the interface look like the familiar explorer. Users can search and view the latest blocks, recent transactions, branches registered on the Stem Chain, all blocks, each block, branch's specifications and directions of multichain implementations.
"YGGDRASH aims to create a platform with dApp that can be applied to real business by solving problems of other blockchain platforms. YGGDRASH has always uploaded the latest source including testnet to Github (https://github.com/yggdrash) to demonstrate its value as a development code and to highlight the value of open source," said Peter Ryu, CTO of YGGDRASH.
The testnet is available at https://testnet.yggdrash.io
YGGDRASH (Token name: YEED) is truly a global blockchain project supported by citizens around the world. The blockchain mainnet development project is devoted to making people experience the benefits of blockchains in everyday life by solving technical speed and capacity issues and enabling all available Internet services to be constructed on the blockchain.
YGGDRASH was founded with the goal of developing the 3rd general blockchain by overcoming the technical limitations inherent in Ethereum. To address the data capacity issues in play for smart contracts, it uses a multi-dimensional blockchain to ensure interoperability as well as independence, processing performance and capacity of the blockchain. YGGDRASH plans to drastically improve the processing performance by sharding the blockchain network so that each blockchain (DApp) has its own blockchain network, governance, data, coin and service without depending on any upper-level chain. The main advantage of YGGDRASH is that more efficient and convenient applications of blockchain services are possible through improved nod sync speed using the BRA (Block Reassembling Algorithm), improved data storage with file sharing on a P2P network, and Blockchain Starter & Smart Kit.
YGGDRASH is a word formed by combining Yggdrasil and Hash. Yggdrasil is a mythical tree that connects the human world, heaven, and the underworld serving as the path in Norse cosmology. It represents a tree of life, a world tree or a divine tree. YGGDRASH means the first blockchain mainnet project that connects the blockchain and the real world.