The OKTC testnet, launched on February 10, 2020, has now entered its fourth month of active development. Thanks to the collaborative efforts of the community and developer teams, significant progress has been made across three core areas: public blockchain technology, product design, and ecosystem expansion. This report outlines key milestones achieved in May 2020, including technical upgrades, product development, and ecosystem partnerships.
✅ Testnet Upgraded to Version 0.10
The stable version of the OKTC testnet has successfully been upgraded to v0.10, marking a major milestone in network functionality and reliability.
DEX & Block Explorer Updates
- The decentralized exchange (DEX) is now running on v0.10, enhancing trading performance and stability.
- The block explorer has also been updated to v0.10, providing real-time access to blockchain data for developers and users.
👉 Explore the latest features and interact with the upgraded testnet environment.
🔧 Development Kit Releases
To support broader integration and third-party development, several software development kits (SDKs) have been released or updated:
- OKTC Core upgraded to v0.10.7 – introducing critical bug fixes and performance improvements.
- OKTC Go SDK updated to v0.10.0 – enabling seamless integration for Go-based applications.
- OKTC Java SDK updated to v0.10.0 – empowering enterprise-grade solutions using Java.
These SDKs are essential tools for developers building wallets, exchanges, analytics platforms, or DeFi applications on the OKTC network.
🚀 New Features in v0.10
Multi-Vote for Super Nodes
OKTC now supports one validator, multiple votes, allowing node operators to delegate stakes across multiple candidates. This enhances decentralization and encourages broader participation in network governance.
OpenDEX: Democratizing Decentralized Exchanges
A major innovation introduced in this release is OpenDEX, a feature that allows anyone to launch their own decentralized exchange using OKTC’s underlying protocol. This lowers entry barriers for developers and entrepreneurs looking to create niche trading platforms without rebuilding core infrastructure.
🛠️ Stability & Performance Testing
The OKTC testnet continues to demonstrate robust performance:
- Current block height: 6,577,120
- Total transactions processed: Approximately 80 million
- Average transactions per block: 10–20
During routine auditing, a minor issue was identified in the Tendermint consensus layer — a test-only empty struct was inadvertently included in production code. The team promptly reported this to the upstream Tendermint repository via GitHub Issue #4766, showcasing OKTC’s commitment to open-source collaboration and code integrity.
💻 OpenDEX Desktop Application Development
Progress on the OpenDEX desktop client stands at 50% completion, with the following achievements:
- Product design finalized and transitioned into UI/UX phase.
Core module DEXOperator is 45% complete, with key components such as:
- HTTP API implementation
- Matching engine fee collection logic
- Import/export functionality for trading data
Additionally, research into optimal desktop development frameworks is underway to ensure cross-platform compatibility and long-term maintainability.
⚖️ Margin Trading (Currency-to-Currency Leverage)
Development of the margin trading system is 60% complete, with a demo version expected by early June 2020.
Key functionalities implemented:
- Deposit and withdrawal mechanisms for leverage funding pools
- Addition and redemption of reputation margin by DEX operators
- Risk management solutions for underwater positions (liquidation scenarios) where insurance funds may be insufficient
Configurable parameters per trading pair:
- Maximum leverage multiplier
- Borrowing interest rate
- Maintenance margin ratio
This modular approach ensures flexibility for DEX operators while maintaining system-wide risk controls.
🧩 Wasm Smart Contract Development
Smart contract support via WebAssembly (Wasm) remains a high-priority initiative:
Two community-reported issues are being actively addressed:
- Issue #226: Fixed entirely; test contract implementation is 60% complete.
- Issue #301: Root cause analysis and solution design ongoing.
Wasm enables high-performance, language-agnostic smart contracts, positioning OKTC as a versatile platform for next-gen DeFi and dApp development.
🔗 Cross-Chain Interoperability (Homogeneous)
OKTC achieved full participation in the goz inter-blockchain communication challenge (GoZ) hosted by Cosmos:
- Successfully completed Phase 1, 2, and 3 (100% overall progress)
- Ranked #42 in Phase 1
- Final rankings for Phases 2 and 3 pending
In addition:
- OKTC has been successfully integrated with Iris Wallet, enabling seamless cross-chain asset management and expanding wallet compatibility.
This progress underscores OKTC’s commitment to interoperability within the broader blockchain ecosystem.
🌱 Ecosystem Growth & Partnerships
Over 30 projects and institutions from five key sectors — public chains, browsers, wallets, mining pools, and security firms — have joined the OKTC ecosystem.
Notable Collaborations:
FIBOS
Proposed collaboration on heterogeneous cross-chain integration, enabling Ethereum-based assets to flow across multiple chains. Also participating in OKTC super node testing and elections.
Kava
Aiming to co-develop a cross-chain DeFi ecosystem and provide oracle and data services tailored for OKTC-based financial applications.
Bytom
Suggested mutual sidechain recognition, shared governance of federated nodes, and joint development of a unified cross-chain standard to bridge both ecosystems.
CertiK
Plans to leverage its CVM (CertiK Virtual Machine) and DeepSEA language to enhance smart contract security, while building tools like an enhanced block explorer and secure wallet (DeepWallet) for OKTC.
IRISnet
Partnered with OKTC in the GoZ challenge and plans to offer technical support in DeFi, wallet integration, and browser tooling.
Other Contributors
NULS, Vite, YeeCo, and TruChain are actively contributing to testnet development and protocol validation.
🔝 Super Node Program Update
The OKTC testnet invites individuals and organizations to run super nodes, with guaranteed eligibility for mainnet participation upon successful contribution during the test phase.
A full list of current super node operators is available on the block explorer.
👉 Discover how you can become a validator and help secure the network.
🎯 First OKTC Hackathon Launched
The inaugural OKTC Hackathon is now live! Developers are invited to contribute using the v0.10 testnet or later versions.
Participation Tracks Include:
- Submit technical proposals via OIPs (OKTC Improvement Proposals)
- Build developer tools or SDKs in new programming languages
- Design blockchain explorers or non-custodial wallets
- Develop staking platforms or DeFi products
This event aims to accelerate innovation and empower a new generation of builders on the OKTC platform.
🔍 Frequently Asked Questions (FAQ)
Q: What is the difference between OKTC and other public blockchains?
A: OKTC focuses on high-performance decentralized trading infrastructure with built-in support for DEXs, margin trading, and cross-chain interoperability — making it ideal for DeFi developers and traders.
Q: How can I participate in the testnet?
A: You can access the testnet through the block explorer or by setting up a node using the latest release from GitHub. Test tokens are available through community faucets.
Q: Is OpenDEX open source?
A: Yes, all core components of OpenDEX are open-sourced under permissive licenses to encourage community contributions and fork-based innovation.
Q: Can I run a super node without technical expertise?
A: While some technical knowledge is required, comprehensive documentation and community support are available to guide beginners through setup and maintenance.
Q: When will the mainnet launch?
A: The mainnet timeline depends on testnet stability and ecosystem readiness. No official date has been set for 2025 or beyond at this time.
Q: How does OKTC handle smart contract security?
A: Through Wasm-based execution with formal verification support via partners like CertiK, ensuring higher reliability and reduced vulnerability risks.
🔗 Core Keywords
OKTC, decentralized exchange (DEX), margin trading, blockchain testnet, OpenDEX, cross-chain interoperability, Wasm smart contracts, super node