ProximaX Sirius Launches Blockchain Test Network

Blockchain Test Network

We are delighted to announce today that we have deployed 5 nodes for our blockchain testnet. This testnet is based on the NEM Catapult private chain which has been augmented and amended to suit the requirements of the Proximax Sirius platform. We have included in this testnet a Proof of Stake - PoS, which we adapted from the NXT project. We have decided to use PoS instead of Proof of Importance - PoI, because we believe that the PoS will work just as well. Further, PoI has shown to have little impact on the overall score and is closely related to PoS. Eventually the PoS will only be one part of the equation that forms the Proof of Conflation Aggregate - PoCa.

Leading to our main network launch, the testnet shall be used as a staging environment so that all changes and amendments can be tested by everyone in the community thoroughly. In carrying out this testing, we hope that we can highlight and address all security issues before moving to the main network.

At the same time, we believe that this will be monitored closely by the NEM core development team. In so doing, we hope that they will learn from our experience, thereby making the NEM mainnet a better solution.

Please read full article: https://blog.proximax.io/proximax-sirius-blockchain-test-network/