The decentralized Prophecy Band will start phase 1 of the main network in mid-July

Rhythm BlockBeats message, according to development progress, BandChain  The team expects the phase 1 beta to launch in mid-July, where users will be shown how to use the beta.

At present, there are more than 48 active verification nodes around the world, with more than 81 million BAND tokens mortgaged. Verification nodes are jointly operated by blockchain infrastructure security development companies, verification service providers, ecological partners and community nodes from around the world.

On May 27, 2020, BandChain team announced the launch of phase 0 of the main network, which was the first step in the layout of cross-chain decentralized Oracle network. The BandChain team has completed a number of key milestones, including migrating BAND tokens from Ethereum to BandChain, enabling authentication nodes, and more. Now, the team is ready to launch phase 1 of the main network, bringing the predictive machine function into the BandChain main network. The focus of the main network in phase 0 is to launch the basic layer of BandChain, realize account creation, token transfer and verifying node interests, manage professional creation verification node, other network participants, wallet and trading platform.

Phase 1 of the main network will support the creation of customizable data Oracle scripts without a license that can query any open data source or API on Web 2.0. Phase 1 is already running on Devnet, has been integrated with partner products, and is undergoing internal testing and code reviews.

With the completion of the patch and update of the phase I codebase, the project is undergoing rigorous security review by blockchain security companies to ensure the security of BandChain Phase I and orderly public release.

The original link: https://medium.com/bandprotocol/bandchain-phase-1-guan-yu-1cb499798683

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia