Elrond Testnet — Zero to One — overview of features
With the recent progress that was marked with the release of the Testnet “Zero to One” the team has achieved significant improvements in both throughput and security, delivering over 10,000 transactions per second with just five shards.
The network also includes State Sharding, and a modified BFT-like consensus called Secure Proof of Stake. It also makes use of Schnorr signatures for transactions, BLS for randomness generation, and modified BLS multi-signatures for consensus signatures aggregation, thereby drastically reducing the communication rounds from 5 to 2.
Showcasing the true strength of the Elrond blockchain, the team put together a dashing explorer that is seamlessly to use and packs a good amount of information in an easy to read format.
Recently the team has released the testnet wallet with it’s basic functionalities which enables users to create one and test the network’s speed by sending transactions.
To showcase how intuitive and easy to use the wallet is, I will go through a step by step guide on how to create a wallet, send and check transactions all in one place.
Go to https://testnet.elrond.com/#/wallet/ , in the “Create a New Wallet” tab input your password that you will use to unlock the wallet and then click “Generate”.
A pop-up window will appear that will prompt you to choose a path to saveyour .json file, save this file somewhere safe as it will be used later to access your account.
Again go to the wallet tab and click “Browse” button, find and choose the .json file you just saved, click “Open”.
Input your password into the field and hit the “Unlock Wallet” button.
Now you will be taken to your wallet page where you will see some basic functions, and at the top it will be your public key, or how the wallet is identified, later on we will use such an address to send tokens to.
Now we will start with the nr 1. “Send transaction” tab ,where you will see the “Address” field where you will paste the public key you wish to send tokens to, then you will see the “Amount” field where you will input the amount of ERD tokens you wish to send, after you fill all this fields you can hit the “Send” button to send some coins.
For the 2. “Latest Transactions” tab we can see all the details of a transaction such as transaction hash, “From” who it was sent and “To” who it was sent.
After we hit the “Send” button from the 1. tab, we will be prompted with a message that will announce that our transaction has been successfully broadcasted to the validators pool, where it will be “mined” and included into a block. We would also see it with all the details in the 2. tab. After this we can copy the transaction hash (“Txn Hash”) from the message into the right corner “Search” field.
After we hit enter we will be taken to the explorer page where we would find all the details about our transaction such as: the Block where the transaction was included into, From who and to who the transaction was sent, even the exact Shard ID that shows in which shard the two addresses are included in, the amount that was sent and the transaction fee.
With this release the team showcased the maturity of the project and confidence into their platform to on-board users to stress test it. This is just a tiny fraction on what the network is capable off and with further iterations which will bring the long awaited node running function, people will be able to truly test the limits of the Elrond blockchain and show to the world that it is ready to bring the infrastructure for mass adoption into reality.
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