Release of FirmaChain’s New Mainnet ‘Colosseum’
The historical launch of FirmaChain’s new mainnet Colosseum 1.0 is now complete.
In order to enhance the network security of FirmaChain’s proprietary mainnet ‘Augustus’ which is based on Cosmos SDK, a framework utilizing the Tendermint consensus protocol, and also to upgrade the network along with the Cosmos SDK v0.43 release, FirmaChain decided to upgrade its mainnet.
The platform aggressively invested in hard forking its mainnet, updating and expanding the features and functionality offered by the network which include IBC(Inter-Blockchain Communication), smart contract, NFT creation and token swap.
Conducting two rounds of testing before the launch of Colosseum, the FirmaChain team focused all of its efforts on fine tuning their mainnet operation policy and strengthening the security and stability of the overall network. Through operating the first stage devnet, Imperium and the second stage validator-participating testnet, Colosseum, the team’s goal was set on enhancing the network.
Users will be able to participate in the FirmaChain ecosystem by staking their tokens, managing their wallet and participating in on-chain governance through Firma Station.
Firma Station will be released in accordance with token swap schedule in order to minimize user risks such as transferring un-swapped tokens to Firma Station.
By staking tokens, users can receive rewards and can also transfer tokens from one wallet to another from Firma Station at a relatively low transaction fee of 0.01FCT.
Users will also be given voting power proportional to the supply staked on the network, which can be used when voting on future on-chain governance proposals.
ABOUT FirmaChain
FirmaChain seeks to replace all written contracts governing social and legal issues by using an electronic contract platform based on FirmaChain’s data blockchain.
RESOURCES
Medium
