Layer1 blockchain Shardem has launched Sphinx Betanet 1.1

On February 16, it was reported that the Layer1 blockchain Shardeum created by WasirX co-founder and CEO Nischal Shetty has launched Sphinx Betanet version 1.1, which allows SHM to run the verification period and pledge test through GUI or CLI without permission. There are 239 social verifiers running in the network within one hour.

Interpretation of this information:

The Layer1 blockchain Shardeum, developed by Nischal Shetty, co-founder, and CEO of the cryptocurrency exchange WasirX, has recently launched its Sphinx Betanet version 1.1. This updated version of the blockchain enables the SHM (Shardeum Mining) token holders to run the verification period and pledge test through GUI or CLI without permission.

This significant development allows SHM to bypass the requirement for permission to run the verification period and pledge test. In addition, there are currently 239 social verifiers running in the network within one hour. This indicates that the Sphinx Betanet version 1.1 has already sparked interest and is gaining traction among users.

The Shardeum blockchain offers many benefits, including high-speed transaction processing and low transaction fees. It is also designed to be highly secure and resistant to tampering. The platform uses a proof-of-stake (PoS) consensus algorithm, which allows for faster verification of transactions and reduces the risk of centralization.

The launch of Sphinx Betanet version 1.1 is a significant step forward for Shardeum as it brings the platform one step closer to its mission of becoming the world’s leading blockchain infrastructure provider. The new version provides users with a more streamlined and efficient process for verification and pledging of SHM tokens, which is essential for the long-term success of the platform.

The 239 social verifiers running on the network within one hour is a clear indication of the level of interest and user adoption of the Shardeum blockchain. With the new feature of Sphinx Betanet version 1.1, it is expected that more users will flock to the platform, further cementing its position as a leading blockchain infrastructure provider.

In summary, the launch of Shardeum’s Sphinx Betanet version 1.1 brings valuable updates to the SHM token holders, allowing them to run the verification period and pledge test without permission. The 239 social verifiers show strong user interest and adoption of the Shardeum blockchain, positioning it as a leading blockchain infrastructure provider. The three keywords that can be associated with this news are Shardeum, Sphinx Betanet, and social verifiers.