ChronoBank Public Beta Release, Future Update Details

ChronoBank have announced its public Beta release following the ChronoWallet and ChronoMint developing most of the features detailed in its whitepaper. It will be deployed to the upcoming Kovan testnet on Ethereum. The ChronoMint frontend will be distributed over the InterPlanetary File System and will be available on the ChronoBank site. beta.chronobank.io. Issues tracking and a bounty rewards program for the most active beta testers are to be detailed soon.

During beta development, one issue overcome was the Ropsten testnet used by ChronoMint being clogged with spam transactions. The next version of the Ethereum testnet, Kovan, has been announced by the Parity community. Although this new testnet is incompatible with geth nodes, it uses the Proof of Authority consensus, which should improve its resilience to spam attacks. ChronoBank has also made an application to become a trusted validator for the new testnet.

 

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