The project is branding its testnet as useful to “new developers without blockchain background knowledge."
The Rangers Protocol has opened its testnet to users aiming to
provide an Ethereum Virtual Machine-compatible solution that supports
cross-chain contract interoperability.
In a Friday announcement,
the Rangers Protocol said it had successfully migrated its first Dapp to
the testnet which went live on July 19. The project migrated an
Ethereum-based lending protocol, BlueStone, to the testnet, a move the
protocol described as “smooth and developer-friendly” given Rangers’
Ethereum Virtual Machine, or EVM, compatibility.
Though there are
seemingly alternative solutions utilizing blockchain technology
friendly to Solidity developers, Rangers Protocol is branding its
testnet as useful to “new developers without blockchain background
knowledge.” Individuals interested in building using the protocol will
reportedly have an easier time creating nonfungible tokens, or NFTs, as
well as gaming applications in a permissionless environment.
Rangers Protocol co-founder Mary Ma announced in June that it would be launching its testnet in July
following $3.7 million seed and private equity funding rounds. Ma
claimed the protocol would have decentralized apps on its network, and
include a cross-chain protocol, NFT protocol, and EVM compatible system.
The project is reportedly the work of three years of development.
Crypto.com also recently launched its chain testnet
allowing projects built on EVM-compatible chains to transfer over to
its ecosystem. The open source testnet, Cronos, runs on a
proof-of-authority consensus algorithm and is powered by proof-of-stake
chain Ethermint.
Related: Asia-based Rangers Protocol valued at $63M following private equity round
Originally
branded as the Rocket Protocol, Rangers is a China-based crypto company
with an estimated valuation of $63 million. Venture funds backing the
project include Pantera Capital, Huobi Ventures Blockchain Fund,
Framework Ventures, Alameda Research, AU21 Capital, Hashkey Capital,
SevenX Ventures, SNZ, Spark Digital Capital, and others.
source link : https://cointelegraph.com/news/rangers-protocol-launches-ethereum-virtual-machine-compatible-testnet
