Home Cryptocurrency NuCypher To Launch An Incentive Testnet Soon

NuCypher To Launch An Incentive Testnet Soon

NuCypher To Launch An Incentive Testnet Soon

  • NuCypher announced the launch of its public testnet, which also includes the staking network stress test.
  • NuCypher helps encourage the winners of the test network to obtain rewards for the main network equity.
  • NuCypher had completed a $ 10.67 million round of financing in October in the year 2019. Polychain Capital led this.

As per the news released by BlockBeats, the privacy infrastructure NuCypher is soon going to launch the Incentivised Testnet. The official has also stated that the participating nodes will have to register on the Coin list platform.

The Incentive testnet is a testnet competition that originates with the Cosmos. The node which gets the most stake during the incentive testnet gets rewarded with mainnet benefits. With this, it is also quite understood that NuCypher helps encourage the winners of the test network to obtain rewards for the main network equity.

However, as per the actual or original plan which devised, the NuCypher’s incentive test net should have been launched at the end of last year.

In October last year, NuCypher announced the launch of its public testnet, which also includes the staking network stress test. The staking operators who are also participating in the trial include the Figment Networks, Staked, Bison Trails, Polychain Labs, Hashquark, and many more.

The previous official news, which was released, suggests that the NuCypher mainnet expected to go live in the first quarter of the year 2020.

BlockBeats had recently also reported that NuCypher had completed a $ 10.67 million round of financing in October in the year 2019. Polychain Capital led this. Along with the Polychain Capital, various other investors included like Bitmain, Y Combinator, Bitfury, Arrington XRP Capital, Notation Capital, Fenbushi Capital, DHVC, Continue Capital, and various other institutions.

NuCypher has claimed as one of the buzzy initial coin offerings (ICOs) of the year 2017. However, the company ultimately had opted not to pursue a public token sale. On the other hand, it ran one SAFT for $4.4 million in the year 2017.

NuCypher has been trying to facilitate the use of tokens as much as possible. It has already delivered its efforts by the release of staking documentation. Many well-known staking operators such as Bison Trails, Grassfed Networks, and Staked (to name a few) are already opting to NuCypher.

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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