Four Mining Heavyweights Throw Weight Behind Psy Protocol’s Game-Changing PoW Testnet Launch
Psy Protocol just flipped the switch on its proof-of-work testnet—and four major miners are already betting big on its success.
Why it matters: This isn't just another altcoin testnet. With institutional-grade miners onboard from day one, Psy's new PoW implementation could shake up the mining oligopoly... assuming it doesn't get crushed under Wall Street's next 'blockchain revolution' PowerPoint slide.
The backers: While names aren't disclosed, all four operations reportedly control >5% of Bitcoin's current hashpower—meaning they've got the muscle to make or break new chains.
What's next: Watch for mining pools to start offering Psy Protocol support within weeks. Just don't expect your financial advisor to understand it until 2027.
PoW Platform Can Process 1M Transactions Per Second
Per a company release shared with Cryptonews, the proof-of-work platform Psy will demonstrate throughput exceeding one million transactions per second.
To achieve this, the protocol uses an architecture where users create zero-knowledge proofs of their transactions on their own devices. This will eliminate the computational risks faced by validators.
Psy Protocol launched its public testnet in October, introducing a blockchain architecture for increased security. Psy’s architecture achieves virtually unlimited transactions per second and block times, allowing the network to scale as more users generate proofs.
The platform said on X that November “will open a new chapter.”
“The public PoW testnet is on the horizon, SDK tools are expanding, and new community initiatives are coming online.”
Looking Ahead
November will open a new chapter.
The public PoW testnet is on the horizon, SDK tools are expanding, and new community initiatives are coming online.https://t.co/53qaM1KxIE is building.
The mission continues.
Follow the journey → @PsyProtocol pic.twitter.com/UM5U9Hofun
Mining Partners’ Role in Psy PoW Ecosystem
Carter Feldman, CEO and founder of Psy, frames the influx of mining support as a major credibility milestone.
“With proof of stake, the largest token holders control the network by staking assets they already own,” he said. “Here, miners are deploying actual infrastructure and paying operational costs to participate.”
The Psy PoW allows miners to verify and aggregate zero-knowledge proofs rather than compete to find random hash values.
Simon Yang, founder of DePIN X Capital, echoed the need for “economic utility instead of waste,” positioning Psy as a platform that can bridge on-chain computation with real-world economic value.
The participating miners will validate the protocol’s performance and security during testnet before mainnet activation. Psy has planned the mainnet deployment for later this year.
