Layer1 blockchain Shardeum launches Sphinx Betanet version 1.1
On February 16, it was reported that the Layer1 blockchain Shardeum created by WasirX co-founder and CEO Nischal Shetty has launched Sphinx Betanet version 1.1…
On February 16, it was reported that the Layer1 blockchain Shardeum created by WasirX co-founder and CEO Nischal Shetty has launched Sphinx Betanet version 1.1, which allows SHM to run the verification period and pledge test through GUI or CLI without permission. There are 239 social verifiers running in the network within one hour.
Layer1 blockchain Shardem has launched Sphinx Betanet 1.1
Interpret the above information:
Layer1 blockchain Shardeum, created by Nischal Shetty, co-founder and CEO of WasirX, has launched its Sphinx Betanet version 1.1. The launch allows SHM, which is the blockchain’s native token, to carry out the verification period and pledge test through GUI or CLI without permission. Within one hour of its launch, the network has 239 social verifiers running on it.
This development is good news for Shardeum’s users as it will potentially make the verification process faster, more secure, and also easier to access. The Sphinx Betanet version 1.1 also incorporates some other features such as decentralized nodes or supernodes on the network that will enable faster transactions, high levels of security, and flexibility.
The inclusion of the Sphinx Betanet version 1.1 also paves the way for Shardeum’s growth, making it more attractive to potential investors and users as it continues to implement new technologies, thus enhancing its network capabilities. This move may also attract users and investors to keep track of Shardeum, contributing to a rise in the SHM’s value.
It is worth noting that the inclusion of the Sphinx Betanet version 1.1 blockchain is yet another milestone for Nischal Shetty, who is known for his active engagement in blockchain technologies. He has been instrumental in identifying the potential of blockchain technology in India, which led to the founding of companies like WasirX and Shardeum.
Overall, the launch of the Shardeum blockchain’s Sphinx Betanet version 1.1 marks a significant progress in the blockchain’s capabilities, security, and flexibility in carrying out transactions. It shows that Shardeum is committed to improving its features and providing its users with the best possible experience. With the implementation of the Sphinx Betanet version 1.1, Shardeum projects itself as a reliable and secure blockchain network to its current and future users.
In conclusion, the Shardeum blockchain’s Sphinx Betanet version 1.1 is a significant step forward for the industry, especially when viewed in the context of its potential to make the verification process faster and easier on the users, thus enhancing their experiences as well as the network’s usage.
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