Porta is a Substrate-based, Nominated Proof-Of-Stake blockchain network, has successfully launched its Relay Chain testnet. This is a penultimate step for the project ahead of its mainnet launch in Q1 2022.What is the Relay Chain Testnet?The Substrate framework offers a relay chain and parachain architecture that separates the authoring and finalisation process. Effectively creating independent runtimes operating on individual blockchain configurations that cooperate in a single ecosystem centred around a relay chain.Porta’s ecosystem has a high-security relay chain that honours the core ethos of decentralisation through pooled security.What will be connected to the relay chain are parachains optimised for fast-growing industry sectors such as NFTs, DeFi, Gaming and much more.Already established or new projects can take advantage of this configuration by leasing parachain slots to fulfil their objectives.Shane Benjamin, Founder & CEO of Porta Network had this to say “As a part of the project’s journey to mainnet, launching the relay chain testnet is a critical part of the journey. It brings the project one step closer to fully releasing the network and allowing developers around the globe to build amazing web3 products for everyone.We look forward to continuing working with Huobi Pool and establishing new partnerships with more validators, parachain and Substrate based projects.”How to get startedThe project has updated documentation to get validators up and running on the relay chain testnet. Any questions can be directed to the team on Discord in #testnet-chat.Validator RewardsActive validators running a node will receive $KIAN tokens as a reward. The 150 $KIAN reward will be calculated on a monthly pro-rata basis.In order to qualify, individuals must fill in this form and be an active validator in order to qualify for rewards.About Porta NetworkPorta is a Substrate-based, Nominated Proof-Of-Stake blockchain network. It consists of a relay network along with custom blockchains networks connected to it. Each blockchain is sector-specific, built for fast-growing sectors such as NFTs, Gaming, DeFi and more.Porta’s unique infrastructure design enables its ecosystem to maintain high performance while it adapts and scales to bring blockchain to the masses.

This press release was originally published on this site

You May Also Like

Alpha Impact Launches its Copy-Trading Platform featuring Top Crypto Traders

Alpha Impact (https://alphaimpact.fi/), a social copy trading platform that features daily insights…

AIXA Miner Launches Ethereum and Litecoin Cloud Mining Contracts Empowering Investors With Crypto Income

Ethereum, considered the world’s second-largest digital asset, continues to attract institutional and…

BSC FLOKITA – $FLOKITA – Labelled The Next PEPE

Meet FLOKITA ( $FLOKITA ) , BSC BLOCKCHAIN very own Floki the…

Gilded Launches Compass: The Most Advanced QuickBooks Integration for Crypto

Gilded, a B2B blockchain payments and accounting software provider, announced today the…

Klever Blockchain Introduces new update of KVM for Secure and Scalable Smart Contract Execution

Klever today announced the new update of the Klever Virtual Machine (KVM) —…

CryptoVirally To Offer Innovative Marketing Services for Crypto Projects

The crypto marketing company employs unique skills to ensure cryptocurrency projects are…

DePIN and DeWi Come to Sui in Groundbreaking Karrier One Partnership, Upcoming Token Launch

Markham, Ontario, January 11th, 2024, Chainwire The deal includes strategic investment from…

Cesur Mining announces 2025 cloud mining plan to help beginners easily mine Bitcoin

Even though more than 95% of all Bitcoins are in circulation, there…

Persian Sea Shipping Lines Enters the Crypto Industry

In order to ensure trust among participants, the team worked with SolidProof.…

Rohölpreise Fallen auf Rund 56,50 $ Angesichts Wachsender Sorgen Über ein Überangebot vor Einem Hochkarätigen Internationalen Treffen

  Die Rohölpreise von West Texas Intermediate (WTI) setzten am Freitag ihre Verluste…