Self Chain Incentivized Testnet 2: A Report on Triumph and Collaboration

Self Chain's Testnet 2 Success: Paving the Way to Mainnet.

Self Chain Incentivized Testnet 2: A Report on Triumph and Collaboration

We are excited to share the remarkable achievements of the Self Chain Incentivized Testnet 2. This initiative was a vital phase in our journey towards the mainnet release, building on the success of our previous testnet. Here, we present a structured report to sync our community with the testnet's impressive stats and outcomes.

Overview of the Incentivized Testnet 2

The Incentivized Testnet 2 was launched with specific goals: to evaluate the network's security, scalability, and speed, and to engage our community in a meaningful way through active participation.

The timeline was as follows:

  • Registration: Feb. 27th
  • Launch: Feb. 29th
  • Conclusion: March 29th (extended due to a comprehensive code audit)

Key Achievements

  • Validator Engagement:
    Beginning with 50 active validators from our previous testnet, we were thrilled to receive 366 applications for validator roles, achieving our target of 100/100 active validators.
  • Network Performance:
    The testnet achieved a remarkable block height of 3,074,934, with 60M SELF tokens bonded. Validator uptimes were exemplary, averaging ~99.7%.
  • Community Participation:
    A significant aspect of this testnet was community engagement. We saw 19,426 users successfully stake their tokens through Superboard, a testament to the vibrant and supportive community that surrounds Self Chain.

Winners and Acknowledgements

We extend our deepest gratitude to everyone who participated in the Incentivized Testnet 2.

Your commitment and active involvement have been instrumental in the success of this testnet.

Conclusion and Looking Ahead

The Incentivized Testnet 2 was not just a technical test; it was a celebration of progress, a testament to community collaboration, and a crucial step closer to our vision of simplified WEB3 Access, strengthened by the ongoing audit and the excitement for the mainnet launch happening next month.

As we move towards the mainnet launch, we are more confident than ever in the strength and resilience of Self Chain, thanks to your support and participation.

Join us as we continue to forge a new era of blockchain resilience and interoperability. Together, we are shaping the future of decentralized finance with Self Chain.

About Self Chain

Self Chain is the first Modular Intent-Centric Access Layer1 blockchain and keyless wallet infrastructure service using MPC-TSS/AA for multi-chain Web3 access. The innovative system simplifies the user experience with its intent-focused approach, using LLM to interpret user intent and discover the most efficient paths.

Self Chain ensures that onboarding and recovery are effortless with keyless wallets that grant users complete self-custody over their assets. In addition, it provides automated rewards to dApps when they efficiently resolve user intent, further enhancing the user experience. Moreover, Self Chain incorporates Account Abstraction with MPC-TSS to provide secure signing and reduce transaction fees. It's a platform that redefines blockchain interaction, making it more secure and user-friendly for everyone.

In a world where blockchain technology is becoming increasingly essential, the user experience remains a critical factor in its adoption. Intents and Keyless Wallets are set to transform the landscape, making blockchain interactions more accessible, efficient, and secure. As we move forward, the blockchain industry has the opportunity to provide users with a seamless and enjoyable experience, unlocking the full potential of this groundbreaking technology.

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