Odaily News According to reports, the Psy Protocol has officially launched its public Testnet. This network is based on an innovative blockchain architecture that achieves internet-level throughput and high-speed performance while maintaining Bitcoin-level security. With client-side zk-SNARKs and a horizontally scalable state architecture (PARTH), the Psy Protocol achieved a performance of millions of TPS in internal testing, and the block processing time for all transactions only increases logarithmically with user scale, ensuring the system remains efficient during large-scale applications. Its PoW 2.0 (Useful Proof of Work) consensus mechanism transforms mining into the process of generating and aggregating zk-SNARKs, which are directly used to ensure transaction security. The Psy Protocol is a smart contracts platform based on Useful Proof of Work, providing developers with the ability to build ultra-large-scale Web 3 applications by allowing users to generate transaction proofs and aggregate zk-SNARKs on-chain.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Consensys Founder: Still optimistic about the long-term development of the crypto industry; ETH has a stronger functional demand compared to BTC
Joseph Lubin expressed an optimistic view of the crypto market in an interview, believing that the continued development of the digital asset economy relies more on functionality than speculation. He emphasized Ethereum's practicality and its importance in financial infrastructure, noting its gradual deepening in institutional participation, which reflects confidence in Ethereum's long-term potential.
GateNewsBot59m ago
BTC drops below 67,000 USDT
Gate News bot message, Gate market display, BTC drops below 67,000 USDT, current price 66,998 USDT.
CryptoRadar1h ago
Three major Japanese securities giants consider entering the cryptocurrency trading business
Japan's three major securities giants plan to enter the cryptocurrency trading space, with the largest one, Nomura Holdings, set to provide services by 2026. Market expectations suggest Tokyo will relax restrictions on crypto ETFs, boosting demand for crypto investments.
GateNewsBot1h ago