Connecting Proof of Work and Privacy: Psy Protocol's Testnet Pushes the Boundaries of Blockchain
- Psy Protocol integrated four major mining pools into its testnet to validate infrastructure ahead of mainnet launch, leveraging real-world hashrate for network operations and ZKP aggregations. - The protocol combines PoW with ZKP aggregation to achieve over 1 million TPS, aiming to address scalability challenges in Web3 and AI-driven ecosystems while maintaining decentralized security. - Participation from F2Pool and other industry leaders signals institutional confidence, with the testnet phase focusing
On November 7, Psy Protocol, a next-generation Proof-of-Work (PoW) smart contract platform, revealed that it has brought four prominent mining pools and hashrate ecosystems—F2Pool, GrandCroix, DePIN X Capital, and Codestream—onto its public testnet, as reported by
The participation of F2Pool, the leading mining pool for
Psy Protocol stands out for its hybrid model that combines PoW with ZKP aggregation, tackling issues of scalability and privacy while preserving the security of a decentralized system, according to Bitcoin World. By empowering developers to create high-throughput applications, Psy Protocol seeks to overcome traditional blockchain constraints and meet the needs of new AI-powered ecosystems, as reported by Lookonchain.
Experts in the industry point out that this testnet phase could establish new benchmarks for blockchain technology. The collaboration not only substantiates the protocol’s technical assertions but also marks a move toward more institutional-level testing within the crypto industry, as stated by Bitcoin World. If Psy Protocol’s architecture proves successful, it could transform how blockchain networks manage transaction loads, potentially speeding up the adoption of decentralized solutions in finance, AI, and other sectors, according to Lookonchain.
As the testnet advances, the project’s roadmap continues to prioritize optimizing performance and addressing unique scenarios. Although an official mainnet launch date has not yet been disclosed, the involvement of leading mining pools indicates that the timeline is likely tied to the completion of comprehensive testing, as per Bitcoin World.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed's Balancing Act: Navigating Inflation and Employment in the 2025 Interest Rate Challenge
- The Fed debates 2025 rate cuts to balance 3% inflation control with a cooling labor market, as policymakers like Jefferson advocate a slow easing approach. - Mixed signals persist: U.S.-China trade deal eased volatility but left businesses cautious, while Matson's 12.8% China service decline highlights lingering tensions. - Market expects 25-basis-point December cut, but Powell warns uncertainty remains, compounded by government shutdown limiting key data access. - Rate-cut expectations boosted municipal
Bitcoin News Update: Institutions Pour In Funds Despite Bitcoin Downturn: ETFs Draw $240M During Market Turbulence
- Bitcoin ETFs saw $240M net inflows on Nov 6, ending a six-day outflow streak led by BlackRock's IBIT and Fidelity's FBTC. - Despite Bitcoin's 9% weekly price drop to $100,768, institutional confidence grew in regulated, low-fee ETF products amid market volatility. - Altcoin ETFs gained traction while total crypto ETPs faced $246.6M outflows, highlighting diverging investor priorities. - Analysts attribute Bitcoin's decline to internal dynamics, not ETFs, as on-chain data shows easing sell-pressure and st
Hyperliquid's 2025 Boom: Blockchain-Based Liquidity and Shifting Retail Trading Trends
- Hyperliquid's TVL surged to $5B in Q3 2025, capturing 73% of decentralized perpetual trading volume via on-chain liquidity and retail demand. - Technological innovations like HyperEVM and strategic partnerships drove $15B open interest, outpacing centralized rivals' combined liquidity. - Retail traders executed extreme leverage (20x BTC/XRP shorts) and $47B weekly volumes, highlighting both platform appeal and liquidation risks. - Institutional interest (21Shares ETF application) and deflationary tokenom
U.S. Pursues Five-Year Prison Terms in Cryptocurrency Privacy Lawsuit, Challenging Developer Responsibility
- U.S. prosecutors seek 5-year sentences for Samourai Wallet co-founders over $237M crypto laundering via privacy tools. - Case highlights DOJ's strategy to hold crypto platform operators liable for criminal user activity, mirroring Tornado Cash legal battle. - Defense argues for reduced sentences citing cooperation, while prosecutors emphasize deterrence against privacy-focused financial innovation. - Outcome could set precedent for developer liability in DeFi, balancing privacy rights with regulatory com
Trending news
MoreCrypto prices
More
