Supra Launches Testnet for New Layer-1 Blockchain

TLDR

• Supra launches early stage testnet for its Layer-1 blockchain
• Testnet initially permissioned, with public access coming soon
• Supra claims over 500k TPS achieved in recent tests
• Move smart contracts supported initially, with EVM support planned
• Incentivized testnet participation planned through games

Supra, a new blockchain company, has launched the testnet for its Layer-1 blockchain platform. This early version of the network is currently limited to select partners and developers, but Supra plans to open it to the public soon.

The testnet allows the company to test its systems and get feedback before launching the main network. Supra says it has already run tests with 300 nodes spread around the world. In these tests, they claim to have reached speeds of over 500,000 transactions per second (TPS), with transactions finishing in less than a second.

Joshua Tobkin, the CEO of Supra, called the testnet launch “a pivotal moment.” He said,

“Our commitment to providing secure, user-friendly solutions is resolute, and our testnet is already proving to be a testament to this dedication to innovation.”

Supra has been working with over 160 decentralized applications (dApps) that have signed agreements to help test the network. The company also plans to give early access to its 512,000 token holders who have completed identity checks. These users will be able to try out the network and give feedback.

The company plans to do stress tests on the network. This means they will purposely try to overload it or make it crash. These tests help make sure the network can handle real-world use without breaking down.

When the public testnet launches, users will be able to get free test tokens from a special website called a faucet. They can use these tokens to try out the network by making transfers and using other features. Supra will provide guides to help people use the testnet.

At first, Supra’s network will work with smart contracts written in the Move programming language. Later, they plan to add support for Ethereum-compatible (EVM) smart contracts. Their goal is to create a network that can run different types of smart contracts at the same time.

To get more people to use the testnet, Supra plans to create games on their “Countdown to Blast Off” platform. Players can win real Supra tokens by playing these games and using the testnet.

Supra describes itself as more than just a basic blockchain. They say their network includes built-in tools for connecting to other blockchains, automating tasks, and generating random numbers. These features are meant to help developers build more complex applications.

The company also provides services to other blockchains. They offer price data (called oracle feeds) and random number generation to over 80 different blockchain networks.

Supra hasn’t said exactly when their public testnet will launch, but they indicated it would be “within the next few days.” They’re encouraging users to watch their social media accounts for the official announcement.

The launch of this testnet is a step towards Supra’s full network launch. After the testnet phase, the company plans to have a token sale event and then launch their main network. They haven’t given specific dates for these events yet.