Creditcoin is an L1 blockchain that focuses on matching and recording credit transactions while promoting trust
And securing capital financing. Recently, Creditcoin announced the launch of its incentivized public testnet, inviting users to participate as validators or nominators in the network upgrade.
Joining the testnet allows users to earn up to 400,000 mainnet CTC tokens, worth over $80,000.
The upgrade involves transitioning from Proof-of-Work to Nominated-Proof-of-Stake (NPoS) consensus mechanism. The testnet phase aims to stress-test the network and address any potential issues before the full mainnet launch.
In the Creditcoin 2.0+ testnet, users can stake tokens as validators or nominators, with each role offering its own set of rewards. Becoming a validator requires technical expertise, while nominators can participate without advanced technical knowledge.
To start earning, users can join the forum, set up their wallet on Chrome, and request free testnet tokens. Validator technical documentation is available for those interested in running their own node on Creditcoin 2.0+'s testnet.
Nominated-Proof-of-Stake (#NPoS) improves decentralization, with two types of staking:
NpoS - Staking - Creditcoin PoS Testnet Documentation
If you’d like to become a validator and run your own node on Creditcoin 2.0+'s testnet, please start by reading our validator technical documentation
Nominator Guide
If you’d like to become a Testnet nominator and earn passive $CTC rewards once the mainnet goes live, read our documentation: https://bit.ly/434bczh
Or even better, check out our step-by-step nominator guide :
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