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Betconstruct: Testnet launch of Fastex Chain

Wednesday 01 de February 2023 / 12:00

2 minutos de lectura

(England).- Fastex Chain announced today the launch of its Testnet. The Testnet will feature the latest consensus mechanism, Proof of Stake Autonomy (PoSA), the next-level consensus mechanism that promises to improve the efficiency and security of the Fastex blockchain.

Betconstruct: Testnet launch of Fastex Chain

 "I am thrilled about the successful launch of Fastex Chain's testnet. This innovative blockchain technology has the potential to propel the growth of web 3 technologies and drive the future of the digital economy." - Vigen Badalyan, Co-Founder of SoftConstruct.

PoSA is programmed to take into account the users' actions with a validator-deployed smart contract in addition to the stake whenever considering the chance to become a block producer or validator. 

The distribution of block rewards also happens accordingly. In PoSA, validators are elected based on their stake and ability to contribute to the network. This increases the network's security and makes it more decentralized. 

The activity parameter signifies a new era for the blockchain economy and presents the veritable block creation and validation mechanism.

The launch of the Testnet will provide an opportunity for developers and users to test the Fastex Chain and its PoSA consensus mechanism. It will also allow Fastex to gather valuable feedback from the community and improve the network before its mainnet launch.

Fastex is committed to building a high-performance, secure, and decentralized blockchain. Launching the Testnet with PoSA is a significant step towards achieving this goal. 

The Fastex team invites all interested parties to participate in the Testnet and provide feedback on the technology.



Tags: BetConstruct, Sports Betting, Sportsbook , Sports Gaming ,

País: United Kingdom

Región: EMEA



09 de April 2024

EGT & EGT Digital impressed at GAT Expo 2024 showcasing their innovative iGaming solutions

(Cartagena de Indias, SoloAzar Exclusive).- Ms. Silviya Marinova, Director of EGT Colombia, granted an interview to SoloAzar about the performance of the firm at the latest edition of GAT Expo Cartagena. She spoke about the highlights of the tradeshow, the latest innovations showcased including the Phoenix slot cabinet and the all-in-one betting platform X-Nave. She also remarked the importance of their presence in the iGaming Colombian market.

Wednesday 22 May 2024 / 12:00

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00


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