🔥 Vulcan Blockchain Progress Update — May 2023 🔥

Vulcan Blockchain
3 min readMay 22, 2023

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To the Vulcan Community,

We’re fully aware of the excitement surrounding the highly anticipated launch of both the Gamma Testnet, leading to Mainnet. We share your excitement and appreciate your enthusiasm for the project. We wish we could reveal all the intricate details of what goes on behind the scenes, but unfortunately, we’re bound by certain constraints.

Nevertheless, we want to provide you with an update on the current state of play. Rest assured that progress is being made, and we’re working diligently to bring you a blockchain you can be proud of. While we can’t divulge all the specifics just yet, please know that your support and patience mean the world to us.

🔶 Rebasing — We are excited to share that we recently conducted internal testing of an early version of Gamma. Our dedicated development team has been working tirelessly to ensure the creation of a stable version. As we approach the final stages, we are diligently addressing any remaining bugs to ensure a smooth experience.

🔶 Gamma Testnet — The public release of Gamma Testnet is imminent. In the upcoming release, you will have the opportunity to engage in test transactions of $VUL coins, observing the seamless transfer process while monitoring the accumulation of rebases. Furthermore, you will gain insights into the tax collection mechanisms across various wallets including the FirePit. This testing phase will enable developers to deploy their contracts and delve into the intricate mechanics of a rebasing blockchain within their respective protocols. We look forward to providing this invaluable testing environment, fostering innovation and collaboration within our community and the broader industry.

🔶 Vulcan dApp — In parallel with our efforts on Gamma, we are actively developing the Vulcan dApp. Our team has recently presented an early version of the dApp, and we are continuously working on integrating additional functionalities and features. The Vulcan dApp aims to serve as a comprehensive platform, consolidating all essential metrics and providing a centralized hub for all things related to BARS. We are committed to delivering a user-friendly and informative experience through the Vulcan dApp.

🔶 Node Holders — Currently over 330 full nodes have completed the KYC process in readiness for onboarding to Mainnet. This significant participation highlights the strong support and commitment of our node holders. As we approach the Mainnet launch, we will continue to provide you with updates and detailed information. We encourage all node holders to stay engaged and tuned into the dedicated node channels where we will share important announcements and instructions. Your involvement and dedication are greatly appreciated as we work together towards a successful Mainnet deployment.

🔶 Mainnet — As we approach the imminent launch of Gamma Testnet, we are pleased to announce that the most challenging phase of the protocol development is now behind us. The dedicated efforts and perseverance of our team have brought us to this significant milestone. Looking towards Mainnet, we anticipate a faster pace of progress as we shift our focus towards thorough testing and comprehensive auditing. This pivotal stage will ensure the robustness and security of our Mainnet. We are excited about the future steps in our journey and remain committed to delivering a world-first blockchain protocol.

As we continue to move forward, we’ll keep you informed about any significant developments and milestones reached. While we’d love to give you exact dates, the nature of development makes this inherently difficult. Your unwavering support has been instrumental in our journey, and we can’t thank you enough.

Stay tuned for more updates, and let’s continue to build this incredible community together.

-The Vulcan Team

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