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
Crypto News: DeepSnitch AI March 31 Launch Trending As Traders Bet on 100x Gains, Strategy Stacks 22K BTC, SOL Breaks Through $95
Michael Saylor has shown a bullish attitude with Strategy 22K Bitcoin last week for $1.57B, one of the five largest purchases the company has ever made.
Inspired by the bullish crypto news, the broader market is also following the lead of this as BTC presses into key resistance and SOL
CaptainAltcoin1h ago
Bitcoin Surges Above $74K After Rally From $60K Support Level
Bitcoin's price surged from $60K to nearly $74K, marking a 23% increase. Positive momentum indicators suggest continued buyer dominance, with key resistance at $74K and support levels at $72.8K, $71.5K, and $70K.
CryptoFrontNews1h ago
Strategy Buys $1.57B Bitcoin as Holdings Top 761,068 BTC, BTC Above $74K Rally
Strategy expanded its Bitcoin reserves again after executing another large weekly purchase. The move extended the firm’s aggressive accumulation strategy and pushed total holdings above 760,000 coins. Meanwhile, the purchase came as Bitcoin traded above $74,000 during the latest market rally.
Strat
CryptoBreaking1h ago
SEC Declares 'Most Crypto Assets' Not Securities, Including Staking, Airdrops and Bitcoin Mining
The SEC declared that most crypto assets are not securities, providing clarity on what defines an investment contract. This guidance aims to help market participants and supports ongoing legislative efforts.
Decrypt1h ago
Bitcoin price hits $75,000, Kiyosaki Predicts Bubble Bust and Playnance Interest Soars With the TGE Now Less Than 24 Hours Away
Bitcoin (BTC) started the week quite well, with a climb to $75,000. While the flagship crypto faced rejection and has now retraced to the $73,800 level, the recent price action indicates bullish momentum is emerging.
According to reports, the latest rally was triggered by Trump’s hints that t
CaptainAltcoin2h ago
