SX Network announced the launch of its blockchain on testnet. It is a public blockchain built natively with the SX prediction market protocol. The team behind this blockchain announced it two months ago and is working with the Polygon team to launch its first sister network.
Now the blockchain is live on testnet and ready to receive feedback from users and developers. The SX Network blockchain is very similar to Ethereum and Polygon, but it has some special features like the SX prediction market protocol.
What comes next?
Market prediction protocols are a group of unique tools suitable for various markets. The SX protocol is one of the most famous that has settled $ 51 million in over 450k trades since launch.
The team behind this protocol announced plans to launch a blockchain two months ago. They worked with the Polygon team to complete and improve their idea. Now the blockchain is live on testnet as Polygon's first sister blockchain.
SX Network plans to become the first blockchain governed by prediction markets. The prediction market protocol is now implemented in the governance system of the test blockchain.
The partnership with the Polygon team has helped SX Network launch its blockchain faster and stronger. Use the Polygon SDK for security, scalability, and speed. The test blockchain can now be accessed at this link.
“Decentralized applications can be deployed on SX Chain from day one, knowing that their security and performance have already been battle tested. As of August 31, six teams had already announced their intention to make SX Network their home, including; AthleteX, BlitzPick, PunchBet, Treasury Key, Adamant Finance, and PolyCrystal. In addition, we plan to announce 10 more foundational projects before the SX Network goes live in October.
As mentioned above, SX Network is very similar to Ethereum and Polygon. But there are some differences that make this blockchain unique. For example, SX Network is integrated with a SX $ 37 million on-chain treasury protocol.
Additionally, you can connect to other EVM-compatible chains and create a live ecosystem around the prediction markets. Ethereum and Polygon act as main bridges for this connection.
More importantly, the governance system in SX Network is based on prediction market protocols. It may become the world's first market-based governance system.
The SX Network team will continue to work with the Polygon SDK team and its community members for the next steps. Some of the next steps are the launch on the mainnet, automated stress testing, and the construction of the SX Network Chainbridge to connect Polygon and Ethereum.
