Modular AI Blockchain 0G Releases V2 of Its Testnet

[PRESS RELEASE – Stanford, California, June 10th, 2024]

Data availability network 0G has announced the release of Testnet Newton v2, marking a milestone in its mission to make AI services a public good. V2 introduces a host of new features, stability fixes, and security enhancements that advance the first iteration of the 0G testnet.

The launch of Testnet v2 follows the success of v1, which generated significant community engagement. More than 600,000 wallets registered for the testnet, with the high demand prompting a major network upgrade which v2 delivers.

Testnet Newton v2 operates as a Cosmos-based proof-of-stake chain that provides greater scalability and interoperability. It introduces new modules for data availability services and committee to maintain high performance and reliability. These modules ensure that data is always accessible, significantly boosting the efficiency and functionality of the network.

Other features that have been shipped with v2 include enhanced monitoring to support better tracking of services such as storage nodes and key-value stores. There are also more robust mechanisms in place to mitigate the abuse of the testnet’s faucet system.

“Testnet v2 is more than just an upgrade; it’s a testament to the vibrant 0G community,” said Michael Heinrich Co-Founder and CEO of 0G. “The overwhelming response to v1, with over 600,000 registered wallets, underscored the need for a more robust and scalable network. Testnet v2 delivers on that promise, introducing key features like data availability services and a rigorous validator selection process to ensure a secure and performant platform,” continued Heinrich.

Community interest in the 0G testnet resulted in more than 2,500 validator applications, with successful applicants having been carefully selected with the goal of maximizing testnet integrity. Further information on the 121 validator applications that were selected can be found in the 0G Discord.

The v2 Testnet will evolve gradually with a focus on detecting and mitigating plagiarism to ensure the originality of contributions. Robust mechanisms have been implemented to detect and prevent plagiarism and efforts will be centered on reinforcing these to safeguard the 0G ecosystem. Efforts will also be devoted to developing flexible policies for validator rotation with the goal of attracting newcomers to participate in securing the 0G network.

About 0G

0G is a leading Web3 infrastructure provider that is building the leading modular AI blockchain creating solutions to implement on-chain AI applications in the Web3 ecosystem. The platform achieves high data availability through its unique architecture separating data storage and data publishing. By ensuring throughputs of 50 GB/second, a full 50,000x faster than competitors, and a cost that is 100x lower, 0G has positioned itself as a leader in bringing high data use cases, such as scalable L2s and modular AI, into the Web3 ecosystem.

The post Modular AI Blockchain 0G Releases V2 of Its Testnet appeared first on CryptoPotato.

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