We are delighted to announce the launch of Kyoto Testnet, marking the first phase in rolling out the only carbon-negative blockchain designed to scale the Voluntary Carbon Market (VCM) and Regenerative Finance (ReFi). In this article, we explain what the KYOTO Testnet is, and its functionality and guide you through some of the testnet features as we prepare for mainnet launch in Q1 2024.
The Kyoto Blockchain is the first Layer-1 (L1) created with the unique purpose of solving the many issues currently faced by the antiquated and fragmented VCM. Blending two high-growth market verticals of cryptocurrency and the VCM together, Kyoto's native blockchain and infrastructure-as-a-service gives the ability for project developers to bring an evidence-based, high-integrity digital standard of carbon credits to market.
Cryptocurrency and decentralised finance have proven the use case of blockchain for transactional settlement, whilst the constant innovation of smart contracts is now leading to companies like Kyoto applying proven use cases to existing supply chain businesses such as the VCM.
KYOTO Blockchain overview
1. Carbon-negative by design
The Kyoto Blockchain has pledged to become the world’s most sustainable blockchain, the first blockchain to plant a million trees before launch, and also the first blockchain to contribute a portion of each gas fee towards a positive impact at the architecture level.
The focus on carbon reduction and sustainability aims to appeal to retail and corporate consumers looking to amplify the positive effects of their blockchain activities.
2. Energy efficient consensus
The Kyoto Blockchain uses less electricity than traditional cryptocurrencies like Bitcoin and Ethereum. It is uniquely designed to combine the efficiency and control of the Quorum Byzantine Fault Tolerance (QBFT) and Proof of Authority (PoA) consensus with a commitment to driving environmental sustainability.
Tailored for enterprise-grade private networks, Kyoto uses a unique methodology based on Non-Fungible Tokens (NFTs), categorising validators, masternodes and delegators according to the stake they hold within the Kyoto ecosystem during the first 18 months. As the network progressively becomes more decentralised, NFT owners will be able to redeem nodes and contribute to the network.
This structure and approach not only ensures the network remains safe and secure but also aligns with the global imperative to reduce energy consumption, addressing a critical concern major cryptocurrency players such as Ethereum face.
3. EVM compatible
Kyoto's operational core is EVM-compatible, promoting seamless interoperability with leading blockchains such as Ethereum, Polygon, BSC and others. This allows builders on the Kyoto Blockchain to integrate existing decentralised applications on other networks seamlessly. Being EVM compatible and with a focus on utilising decentralised finance to scale the VCM amplifies the reach of the Kyoto Blockchain.
What is KYOTO Testnet?
Similar to other networks like Ethereum, the Kyoto Testnet is a sandbox version of the mainnet blockchain and is used to launch and test decentralised applications and tokens in a playground environment before committing to launching on the live network. Any blockchain with a developer community needs to have a testnet; otherwise, projects risk being launched without proper product testing.
How to get started
Testnet functionality and features
1. Connect to the KYOTO Testnet with MetaMask
Install MetaMask Extension:
If you have not already installed MetaMask, add the extension to your web browser (Chrome, Firefox, etc.) from the official MetaMask website: metamask.io.
- Create a new wallet or import an existing one.
- Switch to Custom RPC Network:
- Open your MetaMask extension and ensure you are logged in to your account.
Access Network Settings:
Click on the network selection dropdown (E.g., Main Ethereum Network or the current network you are on).
Add Kyoto Testnet:
- Select "Custom RPC" or "Custom Network" (the wording might differ based on your MetaMask version).
- Enter the following network details for the Kyoto Testnet:
Network Name: Kyoto Testnet
RPC URL: https://rpc.testnet.kyotoprotocol.io:8545
Chain ID: 1998
Symbol: KYOTO
Block Explorer: https://testnet.kyotoscan.io
Save & Connect:
- Double-check all the details you’ve entered.
- Click "Save" or "Add Network"
Switch to Kyoto Testnet:
- After adding the network, go back to the MetaMask extension.
- Click on the network selection dropdown.
- Choose "Kyoto Testnet" or whatever name you provided earlier.
2. Use Testnet by acquiring KYOTO Testnet tokens via Faucet:
Connect your wallet to the Kyoto Testnet Faucet and request testnet tokens to explore its functionality. Please ensure that you only connect your wallet using official links on our platforms. If you have not already added the KYOTO RPC manually to your wallet, Metmask will automatically recognise this and add the test network configuration once you connect your wallet to the Faucet.
3. Explorer and Development Tools:
Explore the Kyoto Blockchain and track your transactions using the provided Kyoto scan explorer.
Develop and launch your own decentralised applications (dApps) using RPC, Graph, and Explorer infrastructure.
4. INTERACT WITH OUR ECOSYSTEM:
KYOTO Swap
You can connect and engage with KyotoSwap on the Kyoto Testnet by connecting your wallet. Explore the feel and look of creating trades on the Kyoto Blockchain.
- Swap tokens on KyotoSwap
- Earn test tokens by becoming a liquidity provider on Kyoto Swap.
- Stake in test liquidity pool tokens to earn test KSWAP tokens.
KYOTO Wallet
- Browse the initial version of the Kyoto Wallet
- Trial the connectivity for Kyoto Wallet on the Kyoto Blockchain
- Explore the staking options in Kyoto Wallet.
Launching the ultimate ReFi ecosystem
Our blockchain aims to serve as a hub for ReFi, fostering growth through offering grants to businesses, startups, and established protocols. Kyoto aims to introduce a dedicated program rewarding ReFi projects for contributing towards Kyoto. This initiative is designed to promote a community-driven approach.
If you are interested in building on our blockchain, you can apply for a Kyoto Ecosystem Grant.
For more information on the Kyoto Blockchain, explore our Greenpaper. Get the latest updates on our news page and subscribe to our monthly newsletter.
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