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Home»Blockchain»Analog unveils boosted testnet to promote cross-chain development
Blockchain

Analog unveils boosted testnet to promote cross-chain development

2024-05-25No Comments3 Mins Read
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Analog, a groundbreaking Layer-0 cross-chain communications protocol and Web3 data provider, has officially launched its long-awaited incentivized testnet. This development marks an important milestone in Analog’s mission to enable true interoperability between different blockchain networks, allowing developers to build decentralized applications (dApps) using a wide range of tools.

Analog’s product suite includes Analog Watch, a comprehensive indexing and query protocol that simplifies access to Web3 data through a GraphQL endpoint. Developers can use the open-source Watch SDK or the hosted Watch Portal to streamline their workflow. Analog GMP (General Message Passing) is a permissionless communication layer that allows dApps to send and receive messages across different blockchains, enabling seamless interaction.

The Timechain, an immutable ledger underlying the analog network, combines Nominating Proof-of-Stake (NPoS) and Proof-of-Time (PoT) protocols to ensure robust security, decentralization and scalability. The incentivized testnet offers developers, enthusiasts and node operators a unique opportunity to earn rewards while actively contributing to the growth and development of the analog platform.

Shaping the future of Web3

Analog has allocated a minimum of 2% of its total $ANLOG token supply to all testnet participants. The testnet rollout is being done in phases to ensure a smooth and productive experience. Developers began participating on April 16, and the broader community joined in late April. Phase 3 will open to validators soon and all three phases will run concurrently until the end of July.

Participants in all stages can earn Analog Token Points (ATPs) by completing various tasks, including testing core functionalities, providing insights and feedback, and participating in community-driven events such as the Watch Game. The Watch Game allows community members to explore and vote on developer-built views, emphasizing collaboration and innovation within Analog’s ecosystem.

See also  Decentralized Oracle Network Chainlink leads the crypto space in terms of recent development activity: Santiment

Victor Young, CEO/Founder of Analog, said: “We believe that building a truly interoperable cross-chain ecosystem requires the insights and contributions of everyone. Our Incentivized Testnet allows individuals to test our tools, share their perspectives and earn rewards while helping us build the most easy-to-use and powerful cross-chain data platform.”

Analog is committed to advancing omni-chain interoperability in the blockchain space. As a new Layer-0 blockchain for event data in Web3, powered by its proprietary Proof-of-Time consensus mechanism, Analog’s protocol suite is designed to streamline access to information and facilitate seamless communication between the chains.

The boosted testnet is expected to play a crucial role in gathering feedback, improving platform functionality and preparing Analog for the mainnet launch. Participants are encouraged to join and contribute to this innovative initiative, which is shaping the future of cross-chain communications and decentralized applications.

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