The blockchain universe is on the brink of a revolutionary transformation, and in December, more exciting news is on the horizon. Witnet 2.0 is set to rewrite the rules, redefine the standards, and reinvent the game. But what exactly is Witnet? It’s a Layer 1 blockchain, acting as a decentralized network, solving the Oracle Problem by connecting smart contracts to various online data sources while maintaining security and reliability through its blockchain-based consensus mechanism.
Witnet already does what it does well, offering Oracle solutions in a permissionless and decentralized manner. Still, with Witnet 2.0, it’s about to become better and more efficient.
Missed the big reveal? You can find the recently unveiled Witnet 2.0 Official Roadmap here: https://medium.com/witnet/witnet-2-0-roadmap-b1ca2ce69c0f
Let’s now reveal the phases that will lay the groundwork for a seamless transition to Witnet 2.0
The foundation — Phase 0
In Phase 0, the groundwork is laid for a future that’s robust, secure, and utterly groundbreaking. As a decentralized oracle, Witnet is taking a bold leap forward. It’s like upgrading Bitcoin, with thousands of nodes charting their own course. This marks the beginning of “A Journey to Decentralized Oracle Evolution”.
The core of Witnet will be fortified:
- Enhance security
- Advance technology
- Pave the way for change
Innovation meets resilience — Phase 1
The testnet era begins, where ideas become action. Witnet will push the boundaries, stress-test the network, and refine it to perfection. Witnet’s layer 1 becomes more secure, and the rebranding campaign sets the stage for a brand new journey.
Test and innovate:
- Rigorous testing
- A seamless Witnet
- A fresh new look
Where it all comes together — Phase 2
It’s the grand reveal, the moment we’ve all been waiting for. Witnet 2.0 steps into the spotlight, fully equipped to meet the world’s expectations. Security takes center stage, ensuring a stable foundation for the countless protocols and chains that rely on Witnet. In time, efficiency and user experience will follow, but stability and security will be paramount.
The grand launch:
- It’s an epic upgrade
- A new era for Witnet
What’s more, Witnet will initiate collaborations with influencers, marketing channels, and crypto media organizations to introduce Witnet 2.0 to the global stage. Additionally, Season 4 of the Witnet Advocates Program will be launched with a fresh emphasis on promoting Witnet 2.0.
Race To Stake — Phase 3
This is the phase where staking takes center stage. Witnet affectionately calls this the #RaceToStake, a time when node operators can ready their upgraded nodes for the inaugural Proof of Stake block. In a nutshell, this involves everyone, so keep a watchful eye. It’s crucial to mention that initially, only full node operators will be staking, as enabling staking through myWitWallet or Sheikah could lead to unforeseen consequences, underlining the paramount importance of security to Witnet.
Final Destination — Phase 4
This is the final phase in the preparation for Witnet 2.0 and once this phase is complete then Witnet has successfully begun producing fully Proof of Stake blocks and data requests. This will be the time to celebrate, but with the knowledge that there is still a lot of work to be done for future upgrades, Witnet 2.1, 2.2, 2.3 and more.
In the grand scheme of blockchain, Witnet 2.0 is nothing short of a game-changer. It’s on the horizon, and the future it promises is nothing short of electrifying.
Stay tuned, keep your eyes peeled, and prepare for the journey of a lifetime with Witnet. It’s not just an upgrade, it’s a transformation.
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