Jaz Network records 171,000 wallet addresses on its test network in less than 30 days
Since the creation of Ethereum, which enabled the world of smart contracts, several blockchain-based protocols have emerged to enhance the potential that smart contracts have brought to society.
Given this scenario and over the years, it has become clear that the full development of decentralized applications such as DeFi, NFTs, Daaps, Daos, play-to-earn, metaverse, soulbound, IoT, and Web 3, will not be controlled by a platform, but will be multichain with multiple platforms sharing solutions and scalability.
The future of the connected world will no longer be centralized in 5 large companies that dominate user data but will be decentralized with several connected blockchain platforms and forming a large network that guarantees the privacy and security of users while giving it back to the community power to manage their data. This world will be multichain.
Faced with this scenario, we, from the USM.world (Native Token: Radio Caca, $RACA), announces the results of the first tests of our native blockchain, the Jaz Network, which will work as a “metaverse public chain” aimed at enabling applications focused on NFTs, metaverse, and Web3.
The Jaz Network testnet was launched in two moments: on June 6th for internal tests by developers and, on June 22nd, the Testnet “Artio” was officially launched, which already brings important results to share with the community.
Since the launch of Artio, more than 171,016 independent wallet addresses have connected to the network and are participating in the test and generating 321,084 transactions. Community users have activated a total of 205 nodes and the number of active nodes, ensuring the security of the network is 90 nodes, almost 4 times the number of nodes of the Kusuma canary network when it was officially launched within the Polkadot ecosystem.
Jaz Network nodes are distributed all over the world but mainly in Southeast Asia, Europe, and North America. User activity participating in Testnet and the scale of nodes are far ahead in both the global public chain and the Polkadot ecosystem.
In our quest to unlock the full potential of Web 3 and the metaverse, we developed the Jaz Network based on the substrate framework, so it is fully compatible with Ethereum wallets and the Ethereum Virtual Machine (EVM), thus ensuring full compatibility with the largest layer 1 platform for smart contracts and also with all EVM based sidechains.
In this way, all Ethereum-based projects can be deployed on the Jaz Network without any modification. Jaz Network can reach 1000 TPS to process transactions, as a comparison Bitcoin handles 7 TPS on average, while Ethereum, using proof-of-work (PoW) handles 25 TPS and Cardano with an average of 250 TPS.
In addition, tests on Jaz Network reveal that the transaction fee of the network can be controlled at around $0.0025, which will not increase due to the increase in the price of JAZ, as it happens in other blockchain networks like Tron, Solana, among others. This makes JAZ perfect for decentralized applications that require robust transactions, as well as providing user-friendly access and usage costs for green project parties.
Jaz Network is the lowest carbon and environmentally friendly public chain among the current mainstream public chains. Jaz Network adopts NPOS (Nominee Proof of Stake) consensus and can run nodes safely with low hardware costs. NPoS (Nominee Proof of Stake) is an improved consensus algorithm designed by Polkadot based on the PoS algorithm.
Its blockchain to emit less than 99.9% of the carbon emissions involved in mining Bitcoin and other PoW-based protocols. Jaz Network provides services for all developers and creators of decentralized applications, including NFT Drops, NFT Marketplace, a variety of NFT protocols, DAO, and other services. Metaverse projects can be easily accessed to quickly carry out asset issuance and trading.
But our goal is to be part of this great multichain ecosystem of Web3 and to that end, in the future, Jaz Network will gradually integrate third-party projects and collaborate with more blockchain ecosystems to enable the full potential of Web 3 and the metaverse for the world.
This is just the first step of a great revolution that we at USM.world (Native Token: Radio Caca, $RACA) are building together with our community. Stay tuned for more news about the Jaz Network and other products in our ecosystem.