Waterfall Network releases testnet 8

quick take

Waterfall Network’s Testnet 8 innovation boasts over 10,000 transactions per second, marking significant progress towards the highly anticipated mainnet launch. Through Ethereum compatibility and innovative DAG technology, Waterfall aims to redefine the decentralized smart contract platform, making it scalable and accessible to developers around the world.

Waterfall Network’s Testnet 8 paves the way for scalable, decentralized smart contracts.

Waterfall Network, a leading provider of layer 1 (L1) blockchain solutions, has unveiled Testnet 8, marking a significant milestone in the development of a decentralized smart contract platform. With the launch of Testnet 8, Waterfall Network promises to deliver unparalleled scalability and efficiency for decentralized applications (dApps) ahead of its eagerly awaited public mainnet launch.

According to Waterfall Network, Testnet 8 represents the culmination of rigorous testing, optimization efforts, and valuable user feedback. The latest version of the Waterfall protocol brings numerous improvements and bug fixes that allow the network to achieve impressive throughputs of over 10,000 transactions per second (TPS).

One of Testnet 8’s standout features is its ability to handle increased loads with ease, which is a critical factor in ensuring the platform’s viability in the real world. It achieves this through optimizations that enable faster parallel synchronization, improved peer discovery, automatically unlocked validators, and improved reliability of optimistic consensus. These improvements lay the foundation for a strong and resilient mainnet.

Sergii Grybniak, Chief Technology Officer at Blue Wave and Head of Research at Waterfall, emphasized the importance of an iterative testing process. “The multiple phases of the testnet have proven essential to the development of a public mainnet, allowing the most efficient means of creating a protocol with virtually unlimited scalability,” Grybniak said. We are grateful to the community for making Waterfall the best layer 1 architecture, and we look forward to seeing what we learn from the final development phase of Testnet 8.”

As we prepare for the imminent mainnet launch, Waterfall Network is working hard to address user feedback. The company outlined plans to continue improving platform performance by implementing faster synchronization mechanisms, simpler mnemonic phrase handling, and reduced disk space consumption.

Additionally, Waterfall Network will introduce Testnet 8 hard fork to test the fork mechanism and implement stake delegation functionality. These initiatives reflect the project’s commitment to providing a seamless experience for both users and validators.

The main selling point of the Waterfall protocol is its compatibility with the Ethereum Virtual Machine (EVM), ensuring that the vast Ethereum developer base can easily transition to the Waterfall ecosystem without the need to learn a new programming language. The protocol incorporates innovative “Directed Acycling Graph” (DAG) technology, enabling virtually unlimited dApp scalability and portability with minimal processing power requirements. This groundbreaking approach allows anyone to run a validator node on a low-cost laptop, and ultimately even a mobile phone.

Last month it Raised $2 million in pre-series A round Led by ByteTrade Lab, accelerating mainnet launch scheduled for Q1 2024.

As the world eagerly anticipates the launch of Waterfall Network’s mainnet, the blockchain community is also watching with interest. The promise of an efficient, scalable layer 1 blockchain that can integrate seamlessly with the Ethereum ecosystem presents exciting opportunities for developers and users alike. Waterfall Network’s Testnet 8 sets the stage for what could be a transformative moment in the world of blockchain technology.

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