Four leading mining pools and hash power ecosystems join the Psy Protocol testnet to jointly build a new generation PoW smart contract platform

ChainCatcher reports that four leading global mining pools and computing power ecosystems—F2Pool (the world's largest Dogecoin and Litecoin mining pool), GrandCroix, DePIN X Capital, and Codestream—have officially joined the Psy Protocol public testnet. They will participate in network operations, transaction validation, and zero-knowledge proof aggregation with real computing power, providing fundamental support for performance and security testing before the mainnet launch.

Psy Protocol has demonstrated the capability to process over one million transactions per second (TPS) in internal benchmark tests. The protocol architecture delegates the generation of transaction proofs to users on their local devices, while miners are responsible for verifying and recursively aggregating zero-knowledge proofs. This decouples the verification burden from transaction volume, enabling the network to scale horizontally as more users participate in parallel.

Reportedly, Psy Protocol is a smart contract platform based on Proof of Useful Work. By allowing users to generate transaction proofs and aggregate zero-knowledge proofs on-chain, Psy empowers developers to build large-scale Web3 applications and enables the AI agent economy.