Express

Facebook's Diem Testnet Has Processed 50 Million Transactions

Mary Liu

Summary: Diem, a Facebook-backed stablecoin project formerly known as Libra, has successfully processed a total of 50 million transactions on its testnet, according to the blockchain browser inDiem. The Diem testnet has more than 222,000 participants, allowing network developers to detect and correct Diem issues before public release. They use LBR (tokens running on the Diem blockchain) for ...

Diem, a Facebook-backed stablecoin project formerly known as Libra, has successfully processed a total of 50 million transactions on its testnet, according to the blockchain browser inDiem.

The Diem testnet has more than 222,000 participants, allowing network developers to detect and correct Diem issues before public release. They use LBR (tokens running on the Diem blockchain) for network interaction.

This progress is a positive signal as the association expects to launch Diem later this year.

By Mary Liu

Last Update:

Tags: ,,,
Link: Facebook's Diem Testnet Has Processed 50 Million Transactions   [Copy]
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 7 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 10 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 13 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 17 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 19 days ago
  • You need to login to comment.