BetConstruct launched Fastex Chain

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Updated November 23, 2022 | Published November 23, 2022

2 mins read

The new blockchain will be based on a patent-pending Proof of Stake and Activity consensus mechanism.

BetConstruct’s Fastex ecosystem just received a new development, launching Fastex Chain – a new blockchain platform.

This was a long-awaited addition to the Fastex ecosystem and introduces the first of its kind Proof of Stake and Activity (PoSA) consensus mechanism to validate transactions on the blockchain network.

PoSA maximizes the chance for the user to become a validator based on their actions and according to the activity on their smart contracts (in addition to the user’s stake).

The name is self-explanatory – PoSA uses both stake and activity to validate transactions. This model is currently patent-pending, and is fundamentally different from the Proof Of Staked Authority model, that simply happens to carry the same abbreviation (PoSA).

Fasttoken (FTN) will be the native currency for the new blockchain, and all the other products in the Fastex ecosystem will be nested there as well. That includes components such as the Fastex Verse, Fastex Play, and of course – the NFT marketplace.

“We have created a platform that is simple and profitable for diverse businesses, representing countless possibilities for everyone bold enough to take the first step”, BetConstruct said in a statement.

The broad reach of the products in the Fastex ecosystem mean that developers and businesses will be able to build and scale decentralized applications.

“You can endlessly grow, build and scale and earn within the Fastex Chain network. Change is coming and we can embrace it together”, the statement continued.

The move by BetConstruct to use FTN as a primary payment method from February next year, coupled with the latest development of Fastex Chain, means that FTN is finally ready for primetime.

Fugaso has already included FTN in its list of supported currencies, and it’s another innovative company that is looking to shape the future of igaming.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Kyamil Nasuf

Reporter

Kyamil is a big tech fan, who loves hummus on everything and has enjoyed writing from a young age. He's had experience in writing anything from essays, through personal art, to news pieces and more serious tech analysis. In recent years he’s found fintech and gambling collide with all his interests, so he truly is a great fit to our team.
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