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Welups, a fraud-free, proof-of-stake identity blockchain, goes live

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Welups Blockchain is a highly secure, decentralized blockchain with ascending performance based on a delegated proof-of-stake (DPoS) network. DPoS is a consensus and verification protocol that promotes blockchain organization and verifies transactions by competing with other proof-of-work and proof-of-stake models, Bankless Times learned from a press release first published on CoinTelegraph.

Welups is an identity blockchain platform used to verify identities in digital banking, social media, entertainment, credit services, and many other services, which are key to improving society’s efficiency. The blockchain also tries to reduce the risk of fraud and scams through Electronic Know Your Customer verification or IDShare. It has been designed to be compatible with a wide range of other technical solutions.

Welups testnet now live

The Welups testnet is now live, demonstrating the power of blockchain 3.0. It is designed to make it possible to test new blockchain improvements without any impact on the original network. This year, Welups will launch its mainnet. The testnet lets…

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