Cointime

Cointime

Download App
iOS & Android

Neutron Launches The First Testnet

Validated Project

Developers of Neutron are launching Quark testnet on the 9 of November. Our team takes part, and here is some overall information about the Neutron project.

Overview

Neutron is a smart-contract platform secured by Cosmos Hub. That means that it will be one of the first users of the Interchain Security system announced in Atom 2.0.

The project is powered by the P2P team.

It will be a secure, well-connected with CosmWasm hub.

Smart contracts can be written in Rust, AssemblyScript, and other coding languages to run on Cosmos blockchains.

The Neutron mainnet will be protected by 175 validators of Cosmos Hub and 186M staked Atom with Interchain Security protocol.

The validators will be rewarded for node operations with additional native tokens and sanctioned if they fail to validate.

Neutron will be a permissionless platform where anyone can deploy regardless of the worth of a project with the same condition for everyone.

Roadmap’s breakdown

It seems that everything will be very dynamic in a very short period:

September 19th — Oak Security Audit completed.

November 9th — Quark testnet launching. WE ARE HERE!

Q4 2022 — Audit Report and Codebase Upgrade.

Q4 2022 — Hadron Testnet. Hadron will be stable enough for developers to start building and testing Interchain-Enabled smart-contracts.

Q4.22/Q1.23 — Baryon Testnet. Interchain Secured, Full Featured, Baryon will be the final stepping stone to Neutron’s mainnet.

January 2023 — Community Onboarding.

Q1 2023 — Neutron Mainnet.

More information about the oncoming Quark testnet

The main goal is to identify bugs and continue hardening the codebase.

Quark will not be running Interchain Security: as a result, any validator can volunteer to participate.

The period of the testnet is approximately 3 weeks from the 7th of November to late November.

Additional Tasks for those who would like to contribute further will be provided. Or you could come up with your ideas — the developer team is open to contributions.

POSTHUMAN TEAM will be assisting with moderation, technical support, and communications throughout the testnet period.

Comments

All Comments

Recommended for you

  • Hong Kong spot Bitcoin and Ethereum ETFs have a half-day trading volume of more than $6.3 million after listing

    According to data from the Hong Kong Stock Exchange, six new Bitcoin and Ethereum exchange-traded funds (ETFs) traded approximately HKD 49.4 million (approximately USD 6.3 million) on the first trading day of the week on Tuesday. In contrast, when 11 spot Bitcoin ETFs began trading in the United States in January of this year, their first day's trading volume reached approximately USD 4.6 billion.

  • Bitcoin spot ETF total net asset value is $52.209 billion

    According to SoSoValue data, the total net outflow of Bitcoin spot ETF was 51.5316 million US dollars yesterday (April 29, US Eastern Time), of which:

  • SlowMist: The total loss from security incidents last week (April 22-April 28) exceeded US$2.15 million

    According to the weekly security report (April 22-28, 2024) released by SlowMist, there were multiple security incidents this week. Although the overall losses were not severe, the total loss this week exceeded $2,155,127. The multiple security incidents include:

  • In the past 24 hours, the entire network has liquidated $142 million

    According to Coinglass data, there were liquidations of $142 million in the past 24 hours, with long positions liquidated at $92.383 million and short positions liquidated at $49.93 million. Among them, BTC liquidated $6.6066 million.

  • Crypto trading ecosystem LazyBear completes strategic financing of 4 million USDT

    The cryptocurrency trading ecosystem LazyBear announced the completion of a strategic financing of 4 million USDT, with participation from Gogeko Labs, DWF Labs, Shadow Labs, Salad Labs, Bees Network, REI Network, IBIT, Crypto Bullish, SYNBO Protocol, Bazaars, Sypool, Bitcoin Gbox, GemX Crypto, Wikibit, and others. It is reported that LazyBear is a cryptocurrency trading ecosystem for retail traders, committed to providing users with an industry-leading, low-fee, inclusive, and enjoyable trading experience.

  • Tether Invests $200M in Majority Stake of Brain-Computer Interface Company Blackrock Neurotech

    Tether's venture capital division, Tether Evo, has invested $200 million to acquire a majority stake in Blackrock Neurotech, a company that develops medical devices powered by brain signals to aid those impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the devices and research and development purposes. Tether, the issuer of stablecoin USDT, has recently established four divisions to expand beyond stablecoin issuance and believes in nurturing emerging technologies with transformative capabilities. Paolo Ardoino, CEO of Tether, stated that Blackrock Neurotech's brain-computer-interfaces have the potential to open new realms of communication, rehabilitation, and cognitive enhancement.

  • Turnkey Raises $15M Series A Funding to Expand Wallet Infrastructure for Crypto Developers

    New York-based Turnkey has secured $15m in Series A funding led by Lightspeed Faction and Galaxy Ventures, with participation from Sequoia, Coinbase Ventures, Alchemy, Figment Capital, and Mirana Ventures. The company, founded by the team behind Coinbase Custody, offers a wallet infrastructure that enables developers to build anything that involves a wallet or cryptographic transaction. Turnkey plans to use the funds to expand operations and development efforts, and has already integrated with companies including Alchemy, Dynamic, Goldfinch, Halliday, Thunder Terminal, and Kinto. The product suite offers embedded and smart wallet services, biometric passkey logins, and seamless onboarding experiences for users.

  • Thai regulator to crack down on deceptive cryptocurrency ads

    Cryptocurrency advertisements that contain false, exaggerated, distorted, concealed, or misleading information violate Thai regulations. Regulatory agencies in major cryptocurrency markets have also taken similar measures to minimize investment losses in cryptocurrencies. For example, the UK Financial Conduct Authority (FCA) issued 450 illegal cryptocurrency advertising alerts in 2023 alone. In addition, in November 2023, the Spanish National Securities Market Commission, the main securities market regulatory agency, condemned fraudulent cryptocurrency asset promotion activities on X and reiterated the company's obligation to comply with local laws. The Thai Securities and Exchange Commission reminded cryptocurrency exchanges to include appropriate warnings about investment risks and to avoid attracting new users through special promotions. He warned that violating the above guidelines would result in "legal punishment".

  • Cointime精选 ·

    Enshrine AI into EVM

    Axonum enshrines AI into blockchain to build a decentralized supercomputer powered by global collective intelligence.

    Enshrine AI into EVM

  • Russia to impose cryptocurrency restrictions, exempting miners and central bank projects

    Russia will implement cryptocurrency restrictions, exempting miners and central bank projects. Starting from September 1st, Russia will impose strict restrictions on the circulation of cryptocurrencies such as Bitcoin, only allowing the issuance of digital financial assets within its jurisdiction. Anatoly Aksakov, Chairman of the Financial Market Committee of the State Duma, led this initiative. This is part of a wider government effort to control the cryptocurrency ecosystem in the face of escalating geopolitical tensions. Aksakov stated that the upcoming legislation aims to restrict non-Russian cryptocurrency transactions to strengthen the dominance of the ruble. Meanwhile, recent reports indicate that Russian entities have used cryptocurrencies, particularly Tether's USDT, to purchase key components for military technology.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company