NEM Foundation, the developers of the NEM P2P platform and Tech Bureau announced the launch of a closed beta testing of the Catapult engine, also known as Mijin v.2. Partners, customers and individual community developers will be able to participate in it, according to a press release.
It is planned that a closed engine's preview for developers will demonstrate the technology, which will first be used in private networks, and then in the public blockchain of NEM. The creators also noted "unique smart contract plugins that allow you to create bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling."
Beta-testing Catapult will take place in three stages:
- Phase 1: Catapult Developer Preview and SDK release
- Phase 2: Evaluation release of Catapult Core Engine
- Phase 3: Dual-licensing of Catapult in both Open Source and Commercial licenses
We’re proud to partner with Tech Bureau, as we believe the new Catapult blockchain technology platform is the future standard for mainstream enterprise and organizational infrastructures. Catapult is more than just an improvement to the NEM Blockchain. It is an industry milestone that opens up new capabilities for blockchain database functionality.
President, NEM.io Foundation
In addition to improving speed and scalability, Catapult will also offer aggregated transactions and accounts with multi-level multi-signatures. According to the developers, such a functional was not previously presented in any of the existing blockchains.