Dubai, United Arab Emirates – (Newsfile Corp. – May 26, 2023) – Streakk has launched a 3rd generation blockchain infrastructure – one year ahead of schedule. This milestone marks a significant achievement on Streakk’s roadmap as it prepares to launch its mainnet.
Streakk has launched a 3rd generation blockchain infrastructure on which developers and projects can build their own blockchains. Streakk’s 3rd generation blockchain network boasts high speed, security and highly scalable solutions with a fixed transaction fee of $0.001, a transaction rate of 100,000 transactions per second and a confirmation time of 2 to 4 seconds.
Streakk operates on a proprietary consensus algorithm that uses a combination of Proof of Stake (PoS) and Simple Time Protocol (STP). STP operates on a verifiable clock and as such incorporates a clock into the blockchain that verifies the time taken between two events. This allows validators in the network to know the timestamp of events and eliminates the need for them to check with all available validators each time to record a transaction.
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The first use case in the blockchain is the Streakk chain, a side chain built on Streakk’s Main Chain. The Streakk blockchain infrastructure is known as the Main Chain, and the blockchains developed within it are referred to as sidechains.
Each sidechain has its own validators and governance mechanisms that are completely independent of each other. As such, central banks, financial institutions, stablecoins, and even private crypto projects can build on this infrastructure independently.
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To ensure adaptability, Streakk is launching an incubation for projects to be built on the Streakk blockchain in 3 ways:
Prior technical knowledge: Future builders will have access to an experienced Streakk technology team that will aim to support all their needs. This way, developers will be equipped with the necessary tools and knowledge to start building.
Strong positioning for marketing: Future developers can leverage Streak’s 1.2 million+ users to expand their projects.
Financing: Streakk will provide funds to companies that build on the Streakk Blockchain to build and expand their projects.
After announcing the launch of one of the fastest and most secure blockchain technologies on May 11th, Streakk went on to set up their testnet on May 12th – a crucial step towards their upcoming mainnet launch.
The testnet allows the 3rd generation blockchain infrastructure to be open to developers and users for testing. This will enable developers to test and debug decentralized applications (DApps) and blockchain protocols while allowing users to experience them.
In August, Streakk officially launches the mainnet and a number of projects will be built on the Streakk chain for community members.
Streakk is a truly decentralized crypto platform focused on shaping the future of finance.
Name: Natalia Matajira
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167623