#SHINOBI Archives - Smart Liquidity Research https://smartliquidity.info/tag/shinobi/ Crypto News & Data Space Thu, 21 Jul 2022 15:33:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://smartliquidity.info/wp-content/uploads/2021/03/cropped-512-1-1-32x32.png #SHINOBI Archives - Smart Liquidity Research https://smartliquidity.info/tag/shinobi/ 32 32 Shinobi 2nd Beta Test https://smartliquidity.info/2022/07/21/shinobi-2nd-beta-test/ Thu, 21 Jul 2022 15:33:32 +0000 https://smartliquidity.info/?p=74250 Shinobi 2nd Beta Test has started. After the 2022 Q1 public beta test, the Shinobi team has been working on revisions of the protocol design and dealing with technical issues.  The updates to Shinobi V2 include the following: New Shuriken Network, much faster and lighter New Shinobi token model, the voting escrow model which expands […]

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]]> Shinobi 2nd Beta Test has started. After the 2022 Q1 public beta test, the Shinobi team has been working on revisions of the protocol design and dealing with technical issues. 

The updates to Shinobi V2 include the following:

  • New Shuriken Network, much faster and lighter
  • New Shinobi token model, the voting escrow model which expands the ecosystem of protocols for long-term
  • Multi-assets other than BTC is now supportive

In the Public Beta Test, the Secret Network is Mainnet and Bitcoin is Testnet.
SBTC and SNB used in beta testing are for testing purposes only. Beta Test will last for one week. There will be rewards for those who give us feedback during this period.

How to participate 2nd Public Beta Test

The 2nd Public Beta Test started on 20th July at 9 am UTC!

  1. Send SCRT to Kepler
    Install Keplr Wallet in Google Chrome on PC and send some SCRT to it. Then, transfer SCRT (5–10 SCRT) to Keplr.
  2. Create BTC wallet and send Testnet BTC
    Create a Testnet BTC wallet that supports Testnet.
    Testnet wallet applications include Electrum and Bitcoin Core for desktop, Bitpay and Blockstream Green for mobile, etc.
    ♠In order to use Electrum on a testnet, the operation below is required♠
    On a Mac, after moving Electrum to the Applications folder, please use the following command: open /Applications/Electrum.app — args — testnet
    ♥On Windows, please refer to the following video♥

    Transfer Testnet BTC (0.0005 BTC should be enough) to the wallet you created. Bitcoin Testnet Faucet is an option.

  3.  Authenticate Kepler Wallet address
    https://beta.sbtc.ninja/ (Released from start time)
    Authenticate the Secret Network address by selecting “Connect to a wallet”. In order to register the viewing key for the contract, 4 transactions will be required.
    Please select “average” for the transfer. Notes: a low fee may result in failure.
  4. Mint BTC to SBTC and Release SBTC to BTC

Make sure you can convert the BTC you have to SBTC, and that you can convert SBTC to BTC!

Shinobi is one of the so-called Bridge protocols in the sense that assets on other chains can
be transferred to the Secret Network as wrapped tokens.

ABOUT Shinobi

Shinobi is a protocol for generating Secret Assets backed by multi-chain crypto assets. Secret Assets are private tokens issued on the Secret Network and are pegged one-to-one to the deposited crypto assets (we call them the Base Asset) such as Bitcoin.

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