Nodle begins migration from Stellar; Launches Arcadia blockchain testnet
- Nodle network launches testnet version of its Arcadia blockchain.
- This launch seeks to make the network faster and more secure.
- Arcadia to set the listing of Nodle Cash in motion.
Nodle Network, a decentralized network provider that competes with IOTA has begun its migration from Stellar to its own blockchain. The firm unveiled this news on March 31 through a blog post, noting that the testnet version of its blockchain is now live. Per the publication, the blockchain is dubbed Arcadia and it uses the Polkadot Network and Parity Substrate.
This news comes after Nodle went live on the Stellar blockchain in the past one year. While the network had a humble dream of facilitating Nodle cash microtransactions, it soon surpassed all expectations. At the moment, it processes an average of 1.3 million transactions per day. In comparison, bitcoin (BTC) processes approximately 300,000 transactions in a day.
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In the blog post, Nodle noted that while the Stellar blockchain has been well capable of handling its heavy traffic, it was high time to launch its blockchain. In so doing, the firm believes that it would be better poised to introduce and support some of the advanced features outlined in its whitepaper. On top of this, Nodle noted that launching Arcadia would make its network faster and more secure.
A leap towards an IoT and Blockchain future
Explaining why Nodle needed to cross this bridge now, Eliott Teissonniere, the company’s blockchain architect said,
“The launch of Arcadia is a leap forward for the IoT and Blockchain ecosystems. It represents the first public version of a central component of The Nodle Network that will be in charge of securely and privately maintaining IoT data transmitting through the network. Arcadia will support use-cases never imagined before, and serve as a test bed for new features that would then be deployed to the main Nodle Network after thorough testing.”
At the moment, it is still unclear when Nodle intends to roll out Arcadia’s mainnet. While the firm’s co-founder and CEO, Micha Benoliel held back information on the exact date of release, he projects that it will deploy in roughly six months.
Arcadia set to help expedite the listing of Nodle Cash
This launch aligns with this firm’s wider goal to list its Nodle Cash cryptocurrency on leading exchanges. While this coin is used within the Nodle ecosystem, it is not listed on any exchange and does not any monetary value at the moment.
Disclosing why Nodle has been reluctant about listing Nodle Cash, Benoliel noted that they wanted to “build enough demand and have the ecosystem sufficiently mature before we list it”.
Do you think Nodle’s decision to migrate from Stellar to Arcadia will help it dominate the IoT blockchain market? Share your thoughts in the comment section below.