Blockchain Bonanza: Ault Capital’s Testnet Triumph!

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In a move that has all the subtlety of a sledgehammer at a tea party, Ault Capital has tossed its new Ault Blockchain public testnet into the world, a cosmos-based Layer 1 designed for institutional onchain trading and settlement. It’s like opening a fancy restaurant in a food truck park-brave and slightly bewildering.

  • With this launch, Ault is flinging the doors wide open for developers and validators to take a gander at their EVM-compatible Layer 1, perfect for those who relish testing institutional onchain trading tools. Bring your best ideas; they might even provide biscuits.
  • The Ault Blockchain testnet kicks off with DAO governance and emissions-based AULT rewards that are tied to actual network participation, not some fanciful token sale. You can’t buy your way into this party; you have to earn your keep!
  • Built on Cosmos with all the bells and whistles of full EVM support, Ault’s shiny new Layer 1 is ready for public testing to enable secure trading, settlement, and infrastructure-like a Swiss Army knife for digital assets.

In what can only be described as a strategic masterstroke, Ault Capital Group has opened the gates to its blockchain network testnet, making a bold bid to lay down the foundations of institutional infrastructure in the digital asset realm. Think of it as laying bricks with a side of bravado.

The Ault Blockchain testnet, which has decidedly gone live today, is the protocol’s inaugural public release, specifically tailored for trading, settlement, and enterprise-grade onchain shenanigans. The Layer 1 network is now a welcoming abode for developers, infrastructure operators, and anyone with a penchant for building on this platform.

Ault Blockchain is constructed as a Cosmos-based Layer 1, boasting full Ethereum Virtual Machine compatibility. This means that Ethereum-native smart contracts can run without breaking a sweat. It’s like trying to fit an elephant into a Mini Cooper-only this time, it works!

Governed by the illustrious Ault DAO, this network ensures that the rules of the road are set, economic parameters are maintained, and long-term upgrades are executed through the magic of onchain governance. One hopes they don’t use the same methods as a pub quiz night.

The public testnet offers a live playground to evaluate core network functionality, validator performance, and infrastructure design. Ault Capital is keen on community engagement, ready to hear feedback from contributors, hopefully with a side of crumpets to keep things civil.

Now, before you get too excited about tokens, Ault Blockchain is forgoing the usual public token sale shenanigans. Instead, the native AULT token will be distributed via a protocol-controlled emissions schedule that’s tied to measurable network participation, such as consensus security and licensed infrastructure operations. Speculators need not apply-this isn’t a casino!

“Ault Blockchain was constructed in reverse to the conventional wisdom of network creation,” said Milton “Todd” Ault III, the founder and executive chairman of Ault Capital Group, with all the seriousness of a cat at a dog show. “We prioritized real financial use cases and then built the blockchain to support them, proving once again that logic has its place in technology.”

“Participation hinges on defined roles and verifiable work, not on the whims of speculation, with transparent economics that aim to bolster network health right from day one,” he added, likely while sipping a cup of something strong.

Licensed participation and validator framework

The launch of the network is backed by a coterie of renowned infrastructure and development partners, including B-Harvest, the principal development partner contributing to the protocol engineering and core network architecture. Another partner, Xangle, is focusing on the development of Ault’s official explorers and relevant hubs, while QuickNode provides RPC infrastructure to ensure network access is as reliable as your grandfather’s old watch. Protofire, meanwhile, lends a hand with Safe-related tooling across EVM environments. Quite the formidable team, one must say!

Ault Blockchain brings forth a licensed participation framework for infrastructure operators. Licensed Mining Nodes are authorized to perform defined off-chain services, kicking off with cryptographic randomness at launch. Simultaneously, Proof-of-Stake validators and delegators work their magic to secure network consensus and earn transaction fees under the vigilant gaze of DAO-governed economics. Following the testnet launch, the development team has grand plans to expand the network’s capabilities with aspirations that include spot trading on decentralized exchanges, lending services, perpetuals trading, and all sorts of advanced financial wizardry as the protocol matures.

This testnet launch comes hot on the heels of an initial protocol security audit, with mainnet deployment planned once additional validator onboarding and testing milestones are achieved. Initially, the mainnet will showcase core protocol modules, EVM compatibility, an initial set of validators, and a governance infrastructure that will make any bureaucracy proud. For those eager to learn more, further details are available on Ault Blockchain’s official website and project documentation, where you might even find a recipe for success!

About Ault Blockchain, Ault DAO and Ault Capital Group

Ault Blockchain is a finance-first, institutional-grade Layer-1 blockchain, expertly crafted to support trading, settlement, and data-driven workloads. Built on the Cosmos SDK with full Ethereum Virtual Machine compatibility, this network allows unmodified Ethereum smart contracts to frolic freely while delivering fast finality and native cross-chain interoperability. Quite the ambitious endeavor!

Governed onchain by Ault DAO and buttressed by a licensed infrastructure framework, Ault Blockchain aligns network economics with verifiable participation rather than indulging in speculative token distribution. With tangible financial and analytics applications launching from the get-go, Ault Blockchain is akin to a finely-tuned sports car-ready to hit the racetrack of next-generation onchain finance!

Ault DAO stands as the decentralized governance body tasked with overseeing the Ault Blockchain protocol. Born from the minds of Ault DAO, LLC, a Wyoming-based venture, the DAO manages protocol parameters, validator participation, and network upgrades through onchain governance, ensuring that decisions are both transparent and aligned with the network’s long-term objectives. What a refreshing change!

Ault Capital Group is a diversified investment and holding company with its fingers firmly planted in technology-driven businesses, digital assets, and financial infrastructure. Through its multitude of operating companies and strategic investments, Ault Capital Group champions platforms spanning blockchain, data infrastructure, and emerging technologies. They’re all about disciplined capital allocation and crafting long-term value. A noble pursuit, indeed!

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2026-02-11 17:48