The PoW public chain Psy Protocol officially deploys its public Testnet, integrating internet-level scale and speed while maintaining Bitcoin-level security.

GateNews

Odaily News According to reports, the Psy Protocol has officially launched its public Testnet. This network is based on an innovative blockchain architecture that achieves internet-level throughput and high-speed performance while maintaining Bitcoin-level security. With client-side zk-SNARKs and a horizontally scalable state architecture (PARTH), the Psy Protocol achieved a performance of millions of TPS in internal testing, and the block processing time for all transactions only increases logarithmically with user scale, ensuring the system remains efficient during large-scale applications. Its PoW 2.0 (Useful Proof of Work) consensus mechanism transforms mining into the process of generating and aggregating zk-SNARKs, which are directly used to ensure transaction security. The Psy Protocol is a smart contracts platform based on Useful Proof of Work, providing developers with the ability to build ultra-large-scale Web 3 applications by allowing users to generate transaction proofs and aggregate zk-SNARKs on-chain.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Futures-Spot Spread on Major CEX Reaches Nearly 1% Amid Liquidation Spike

Gate News message, April 23 — A major centralized exchange experienced a significant futures-spot price spread on BTC/USDT over the past hour. Spot prices fell to $77,174.01 while futures dropped to $76,504.60, creating a spread of $669.41, or approximately 0.87%. The spread has since narrowed,

GateNews21m ago

BTC Could Trigger $2.181B in Short Liquidations at $81,143; $1.003B Long Liquidations Below $74,177

Gate News message, April 23 — According to Coinglass data, if BTC breaks above $81,143, cumulative short liquidations across major CEXs could reach $2.181 billion. Conversely, if BTC falls below $74,177, cumulative long liquidations across major CEXs could reach $1.003 billion.

GateNews36m ago

Bitcoin Touches $80K in April on Polymarket, Odds Rise to 54%

Gate News message, April 23 — On Polymarket, the probability of Bitcoin touching $80,000 during April has risen to 54%, with trading volume on the contract reaching approximately $39.36 million. The prediction market is set to settle on May 1 at 11:59

GateNews48m ago

Pantera Capital and Shareholders Push Satsuma Technology to Liquidate $50M Bitcoin Holdings

Gate News message, April 23 — Shareholders in Satsuma Technology Plc, a London-listed Bitcoin accumulator, are pushing the company to sell its remaining $50 million in Bitcoin and wind down operations. Pantera Capital Management, a prominent crypto venture capital fund, is among investors

GateNews1h ago
Comment
0/400
GateUser-6a5b261cvip
· 2025-10-03 04:50
Hold on tight 💪
View OriginalReply0
Juanalejovip
· 2025-10-03 02:51
excellent relevant information for decision making
View OriginalReply0
GateUser-ab526ce3vip
· 2025-10-03 02:33
top akskdhakbfienxdhekfnf
View OriginalReply0
GateUser-ab526ce3vip
· 2025-10-03 02:33
Bull Run 🐂
Reply0
VeritasBLRvip
· 2025-10-02 20:35
Hold on tight 💪
View OriginalReply0