Decentralized VPN service SpiderDAO reported the completion of a major milestone with the launch of the SpiderDAO TestNet on Discord. The service will be rolled out to a channel where select members will be invited to do their own testing.

The TestNet provides a clear demonstration of the various SpiderDAO functions and capabilities that will shortly be included on the SpiderDAO Pro Router. These include wallet creation and management along with that of private and public keys, the governance of proposals and referendums deployed on the DAO, as well as voting options. Future additions are expected in the form of decentralized KYC data and a fully functioning multi-currency hardware wallet.

Read Also:   Top Crypto Analyst Says New DeFi Tidal Wave Coming, With Five Coins Poised to Rally

SpiderDAO CEO Nathan Varty shared a forward-looking statement.

“The SpiderDAO TestNet on Discord is the first in an ever increasing list of services that we intend to include in our Spider VPN Pro Router firmware. Our SpiderDAO firmware will shortly be capable of hosting a number of other services all from within the same easy to use interface.”

All these services and facilities are powered by the $SPDR token which is at the heart of the SpiderDAO ecosystem.

SpiderVPN provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organizations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism while creating a highly scalable, interoperable and stable governance system.

Read Also:   4 Ways You Can Start Building Your Wealth in Your Teens | by Startup Funding Event | The Capital | Mar, 2021
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
Read Also:   BitPrime Partners With Simplex to Provide a Solution to Buy Crypto With Credit Cards

Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link

SpiderDAO Announces TestNet Deployment | The Daily Hodl

by Garland K. Clancy
Choose A Format
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format