WHAT’S NEXT? (1)
“What’s next?” In this article, we have focused on Posschain’s technical improvements. We will announce new listings, marketing developments and more in the future.
In our previous articles, we mentioned that the Posschain team is made up of blockchain-savvy professionals who believe in decentralization and come together for the same goal. Posschain infrastructure is the combination of the solutions that this team has brought and developed over the years for the fundamental problems of Blockchain. We talked in detail about what we are going to do in the whitepaper. In this article, let us talk a little bit about the calendar. “What’s Next?” in the first article of our series of articles, we looked at the end of 2022 and what will happen in the first half of 2023.
HOW ARE WE CLOSING 2022?
We value the promises we make to our investors. In that direction, we have tried to fully deliver on all the developments in our roadmap. If we look at the point we have reached: Posschain, which came up in early 2022; after successful ICO processes, it was listed on a very high volume exchange like Bitmart before completing its first year. We could not have done it without you!
We are in the last quarter of 2022, and this is the first project we plan to launch before the end of 2022: Posschain’s own wallet.
Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions.
The Posschain native wallet will serve on the BSC network until the mainnet process. After the mainnet process, there will be a transition to Posschain’s own network.
Why is it important?
First, optimization. With cryptocurrencies, you pay a fee for each transaction, and each transaction takes a certain amount of time. With our system, developed in accordance with the POSS infrastructure, we have the opportunity to both reduce gas fees and shorten transaction times. In addition, we believe that the existing wallets on the market are not very functional in terms of security and design. “Switch when there’s a mistake!” We are looking forward to launching our first product with our vision.
HOW WE START 2023?
First of all, we celebrate our successes with a nice New Year’s Eve party.
First of all, we celebrate our success with a nice New Year’s Eve party. After? We are releasing the developments one by one. So what do they have?
If we go in order of importance: The Posschain testnet will be operational in the first quarter of 2022. During the testnet process, the world will have met the Posschain network for the first time. We look forward to the moment when the technical document written on the pages becomes concrete.
CHAINS WILL BE CONNECTED WITH POSSCHAİN
It is a very important quarter because in this quarter we will see the early stages of most of the developments underlying Posschain. The first version of our cross-chain protocol is one of the improvements you will see in the first quarter.
Cross-chain or “cross-chain”; It is a technology that aims to maintain uninterrupted communication between different blockchains and in this way connect blockchains. With this technology, isolated blockchains achieve interconnection with each other. The best example of this is how phone companies with different networks can make calls to each other. Blockchains also need this kind of common structure. The more different blockchains can be connected, the greater the efficiency.
You know, POSS is a chain that works with PoS consensus. Staking is very important for us. This development, which will be active in the first quarter, will have an understanding that will reward our early investors. Remember, it’s never too late to be early.
WHAT WILL HAPPEN IN THE SECOND QUARTER?
When we come to the second quarter of 2023, Posschain Mainnet will be active. After the bugs fixed in the testnet process and user feedback, we are planning a smooth launch.
Yet another piece of news in the second quarter:We are planning to create a brand new field for amateur and professional developers with the Development Toolkit, the details of which we have not disclosed yet.
POSSCHAIN HACKATON 2023
Consensus & sharding optimizations and POSS universal explorer are other improvements in the first quarter.
Posschain Hackathon 2023 was planned by Posschain as an event to try to get the best collaboration on some blockchain topics. There will be surprise names at this event, which is open to all developers around the world. We don’t yet know if the meeting will be physical or online, but what we do know is that it’s an important step in the work to shift the world’s focus to Blockchain.
ALTERNATIVE SYSTEM TO EVM
One of the last and most important enhancements of the 2022 quarter will be the VM (VIRTUAL MACHINE) development.
The Posschain network contains the EVM-inspired virtual machine. Using EVM as a blueprint,
Posschain has created a virtual machine that overcomes the limitations found in EVM to enable the scalable and sustainable development of decentralized applications.