5ire Announces the Launching of its Testnet

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

5ire, the 5th-generation blockchain network founded by two entrepreneurs of Indian origin, Pratik Gauri and Prateek Dwivedi, along with blockchain enthusiast and entrepreneur Vilma Mattila, is delighted to announce its blockchain network is coming live in Testnet mode. 

From a technical perspective, Testnet can be defined as a prelude to the Mainnet. It allows developers a risk-free environment to have on-field experience of their projects. Testnet is also the developers' playground to feel what the project will be like when it migrates to the Mainnet. However, Testnet is not only required for developers to explore. The intended users are invited to use the product.

Users' feedback– which is highly valuable to the developers– provides an insight into the strengths and vulnerabilities of the project. Hackers can exploit such vulnerabilities when the project enters the Mainnet. Testnet is less about the developers and more about the project and its users. 

On this occasion, 5ire's CEO and Co-founder Pratik Gauri said, "We have come a long way with the anticipated 5ireChain Testnet launch. This has allowed us to become the blockchain platform that will empower the next generation of solutions that bring sustainability, Technology & Innovation. This includes innovations such as decentralized finance and human-centric identity systems to empower digital economies."

5ireChain is a sustainability-driven layer one blockchain network. It aims to transition the world from a for-profit to a for-benefit economy. The vision of 5ireChain is aligned with the United Nations Sustainable Development Goals. 5ire believes that a blockchain is a