On Monday, May 31, 2021, CoinEx launched its Testnet by its channel team, CoinEx Smart. Its aim is to provide decentralized application developers with a low-cost on-chain environment. The CSC is based on the consensus protocol that is characterized by being more energy efficient than the PoW protocol and, therefore, more respectful with the environment.
With PoS, not only does it take less power, it also takes less time to generate blocks and more capacity for transactions. CoinEx Smart Chain supports over a hundred unauthorized validators. On the other hand, it is fully compatible with Ethereum, which means that a large part of its tools, components and decentralized ones can be easily migrated to CSC.
A testnet created by CoinEx Smart Chain
Currently, CSC Testnet is already available to all developers who wish to benefit from the benefits of this testnet. But this is just the beginning, as the company is adding more features after launch.
In fact, CSC Explorer and Mainnet CSC will launch in June as CoinEx's goal is to constantly improve.
In this way, the compatibility of the updated versions of the public chain of CoinEx and Ethereum.
The company's plan is to strengthen custody services, provide more versatile token services, enhance decentralized smart contract applications to make its channel more and more user-friendly, both for developers and users.
The smart chain CoinEx offers a whole world for developers who want to help expand in a decentralized way. Not only will they be able to create their own compatible applications but they will also be able to explore and participate in relevant DeFi that have a great impact on the ecosystem.
In order to attract more decentralized application developers to its foundation, CSC decided to establish a $ 10 million seed capital program.
Therefore, they aim to stimulate the growth of the blockchain. To decide which developers will receive the capital, they will launch the DeFi project contest. The best projects will be eligible for a fund,
Any DeFi project developer can apply for capital from CoinEx, he just has to fill out the appropriate form and make sure he meets the requirements. The company will accept project applications on an ongoing basis, so there is no deadline to apply.
The CSC Foundation will provide construction services to developers.
Projects that pass the security audit will be able to register their token on the CoinEx Exchange and receive CET as a reward.
On the CoinEx Smart Chain website, you will find useful information for all those who want to take advantage of the opportunity. In turn, an email is available for developers to contact the company directly: developer@coinex.org.
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