What specific milestones need to be achieved before the BlockDAG mainnet launch?
Before the BlockDAG mainnet launch, several specific milestones need to be achieved to ensure the network's stability, security, and functionality. Here are the key milestones:
Completion of Mainnet Development: The mainnet development must be fully completed. This includes the finalization of the core blockchain architecture, consensus mechanisms, and overall network infrastructure.
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Audit Phase: The mainnet must undergo a thorough audit to ensure there are no vulnerabilities or security flaws. This phase is critical to guarantee the network's stability and security before it goes live.
Testnet Success: The successful launch and operation of the Testnet are essential. This phase allows developers to test the network under real-world conditions, identify and fix any issues, and ensure that the mainnet will perform as expected.
X1 Miner App Authentication Feature: The X1 Miner app, a cloud-based platform for mining, needs to complete its authentication feature. This is crucial for user security and the overall functionality of the mining process.
Presale Completion: The presale phase must be successfully concluded, raising the necessary funds to support the project's development and operations. BlockDAG has already raised significant amounts, indicating strong investor confidence.
Development of BlockDAG Payment Card: The creation and testing of the BlockDAG Payment Card, which allows users to manage transactions securely and at a minimal cost, is another important milestone.
Scalability and Performance Testing: The network must be tested for its ability to handle high transaction volumes efficiently. BlockDAG aims to process up to 10 blocks per second initially, with a goal of reaching 100+ blocks per second.
Launch of Decentralized Applications (dApps): The development and deployment of dApps on the BlockDAG network are essential to demonstrate its utility and attract developers and users.
By achieving these milestones, BlockDAG will be well-prepared for a successful mainnet launch, ensuring a secure, efficient, and scalable blockchain network.