Quick Takeaways
-
Launch of Psy Protocol: The Psy Protocol introduces its public testnet, offering internet-scale throughput and Bitcoin-level security, achieving over a million transactions per second (TPS) through innovative architecture.
-
Scalability Breakthrough: By utilizing client-side zero-knowledge proofs, Psy overcomes traditional blockchain bottlenecks, enabling high-concurrency applications like fully on-chain DeFi and decentralized e-commerce platforms.
-
Decentralized and Secure: Psy combines the advantages of proof-of-work with enhanced scalability, allowing secure and fast transactions while empowering users with data ownership, challenging centralized tech monopolies.
-
Mainnet Deployment Ahead: The public testnet is operational now, with plans for mainnet deployment later this year, aiming to create a competitive environment for web3 business models and applications.
Psy Protocol Testnet Set to Revolutionize Blockchain Scalability and Security
HONG KONG, October 2, 2025 — Psy Protocol, previously known as QED Protocol, launched its public testnet today. This innovative blockchain architecture combines the speed of the internet with security similar to Bitcoin. With internal benchmarks showcasing a capacity of one million transactions per second (TPS), Psy sets a new standard.
Psy’s unique design overcomes a major challenge in blockchain: scalability. Traditional blockchains struggle with high transaction volumes, limiting their potential in real-world applications. Ethereum handles roughly 60 TPS, while top proof-of-stake networks like Solana can process about 1,000 TPS. In contrast, Psy’s architecture efficiently handles millions of transactions in a fraction of the time.
“At last, we can align high-concurrency web2 models with a decentralized foundation,” said Aleks Larsen from Blockchain Capital. By utilizing client-side zero-knowledge proofs, Psy minimizes the need for every node to validate each transaction. This leads to faster processing while maintaining strong security measures.
The performance of Psy’s system makes fully on-chain decentralized finance (DeFi) and agentic payments feasible. Businesses are now able to compete with established centralized platforms, restoring user control over data.
Psy employs a proof-of-useful-work consensus. This unique method not only ensures security but also minimizes energy waste commonly associated with traditional proof-of-work systems. By emphasizing meaningful contributions, Psy encourages collaborative value creation among miners.
Carter Feldman, CEO of Psy Protocol, stated, “For too long, users faced a choice between convenience and decentralization.” With Psy’s robust infrastructure, developers can create fast, scalable applications while enhancing user experience.
The public testnet allows developers to engage with Psy’s capabilities immediately. A broader mainnet launch is anticipated later this year, setting up Psy for significant contributions to the evolving landscape of blockchain technology.
For more detailed information, visit Psy Protocol’s official website.
Discover More Technology Insights
Stay informed on the revolutionary breakthroughs in Quantum Computing research.
Discover archived knowledge and digital history on the Internet Archive.
Disclaimer
This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
CryptoV1
