We are excited to announce the first launch of the Rebus Testnet, which will be made available for 3rd party testing, validation, and collaboration. Rebus Testnet is the public test network for the Rebus blockchain planned as a permanent part of our SDLC and long-term platform expansion goals. Testnet replicates the production Rebus blockchain using realistic but safe test data and assets. Testnet provides developers, Rebus Partners, the community, and the users a chance to try the chain before entrusting valuable assets.
We believe that transparency is trust, and including such access as part of our software development life cycle (SDLC) made sense. Plus, we have a community of brilliant and helpful people, so why not? In addition, our vision includes utilizing a network of blockchain dev teams to add additional products to the Rebus Platform.
Pushing updates to production environments is always a nervous endeavor. Waiting to see if platform updates break your application is even worse. Ensuring rigorous testing through our processes in addition to 3rd parties reduces the negative impact to live applications. We know through experience that as a development partner, being involved in platform updates before release is key to avoiding unnecessary downtime, headaches, lost sleep, and upset customers. Using Testnet, the Rebus community of users and partners can do just that.
We understand that financial regulation are a main barrier of entry into DeFi for TradFi organizations, the testnet acts as a perfect intermediary between new ideas and implementation. The Rebus team has deep experience and expertise working within regulated industries, and our Testnet provides a crucial buffer space for functional and regulatory validation..
Eventually, it will be much like other public testing grounds you may have seen, like Osmosis. In our first release, we have access limited to a select number of Partners. Later this summer, Rebus Testnet will be announced as publicly accessible, with all necessary resources to utilize, test, and report back results to Rebus.