Project Biweekly Report (7.21–8.03)
YottaChain Progress
1.Technology Progress
1.The solution to the problem of global network data packet loss and high latency has been validated by online testing. Meanwhile, the test data have been continuously followed up and the adjustment has been optimized. The system has been running normally up to now, but there is still space for further optimization.
2.A new incentive scheme for super nodes has been developed and is being tested.
3.The research and development of a new voting mechanism for super nodes have been completed and entered the testing phase. Under the new voting mode, voting users could convert the token into bandwidth, CPU, mortgage mining as three resources, and then vote through resources to support each super node.
4.The interface adjustment of synchronization chain R&D has been completed, and it is estimated that it will take at least three weeks to complete the integration coding.
5.The data heartbeat monitoring test is in progress and is close to completion.
6.The BP part of 42 super nodes has been connected to the accounting network to start work, and the SN part has been connected to more than half of them.
7.The management software of mining machine and mining pool, in which there are Beijing Intelligent Network Technology Co., Ltd. and Ancestor River System, has completed system docking, system testing and on-line deploying, and several other systems are being docked.
8.The integration of data reconstruction mechanism has already started coding, and the coding is estimated to be completed next week.
2. Progress in Business Applications
1. Listed companies TIDEiSun Group, Kingsunsoft Technology representatives and YottaChain have signed a business application strategic partnership.
On July 27, 2019, the YottaChain Global Super Node Summit was solemnly held at Shangri-La Hotel on Hong Kong Island. At the meeting, representatives of TIDEiSun Group, Kingsunsoft Technology respectively signed business application strategic partnerships with YottaChain. This contract represents great progress in the implementation of block chain storage business applications.
2. The YottaChain test network was connected to several companies for testing.
YottaChain has been connected in and tested by Beijing Intelligent Network Technology Co., Ltd., Hangzhou Star Chain Alliance Technology Co., Ltd., Beijing Gongxinyun Technology Co., Ltd., Shanghai Yingfang Software Co., Ltd., Sunshine Satellite TV, Hangzhou Xinhe Science and Technology Co., Ltd., Shanghai Wanyou, Shanghai Shuteng Co., Ltd. etc., partners and users continue to participate in the testing.
3. Beijing Xitong Network Technology Co., Ltd. joined the YottaChain test network to participate in the test.
Recently, YottaChain has made in-depth technical exchanges with leading cloud video conferencing solution providers in China (Beijing Xitong Network Technology Co., Ltd.). In the future, the company hopes to store video conferencing data through YottaChain block chain. At present, the company has joined the YottaChain test network to participate in the test.
3. Recent Market Activities
1. The YottaChain Global Super Node Summit was successfully held in Hong Kong.
The YottaChain Global Super Node Summit was successfully held in Hong Kong Shangri-La Hotel on July 27, 2019. The founding team of YottaChain participated in the meeting with 126 super nodes and guests from all over the world, including Wang Feng, Chen Ping and Yu Jianing. Focusing on the ecological construction concept of consensus, co-construction, co-governance and co-enjoyment, the summit gathered 126 super-nodes and added 126 super-engines for the future development of YottaChain. Wang Feng, sponsor of Mars Financial and Consensus Laboratory, said that investing in YottaChain is equivalent to investing in Alibaba by Sun Zhengyi.
2. Wang Donglin, founder of YottaChain, attended the TokenSky On-chain Ecology Conference.
In order to explore the development trend of global block chain industry in the second half of 2019, TokenSky, CSDN and JLAB co-sponsored the TokenSky On-chain Eco-docking Conference in Shenzhen on July 26.
Wang Donglin, founder of YottaChain, delivered a speech on the theme of YottaChain Leads Block Chain Storage, Prying up the trillion-dollar Market at the conference. Wang Donglin made a profound analysis of the advantages and disadvantages between cloud services dominated by internet giants and block chain storage, pointing out that block chain storage is bound to become the mainstream storage service choice in the future. YottaChain Testing Network has been officially launched, and its core indicators form a dimension reduced strike to internet giants from multiple dimensions. At the same time, with the advent of 5G era, YottaChain will seize the opportunity of 5G era and face challenges directly.
3. Wang Donglin, founder of YottaChain, attended the First Taiwan Block Chain Week.
The First Taiwan Block Chain Week has been held in Taipei for several days from July 28. YottaChain is the first landing project to transform the real economy with block chain technology. Its founder, Wang Donglin, was invited to attend the event and delivered a speech on the theme of Leading Block Chain Technology to Transform the Real Economy. He said: Block chain will change the world, and the degree of change will be far greater than the Internet Storage as the best application scenario for block chain technology to achieve implementing, YottaChain as the most professional storage public chain, adhering to the value concept of revering user data life. With the advent of 5G era, block chain storage will become a killer application and guarentee the data sovereignty of all mankind.
4. Born by gathering and win by implementing — YottaChain’s Chinese eco-tourism has come to a successful conclusion.
Born by gathering and win by implementing — YottaChain’s Chinese eco-tourism has been successfully held in Luoyang, Hangzhou, Chongqing and Shenzhen since its launch on July 17, and has received good response. The YottaChain project team shares the recent situation and results after testing online with various super nodes and discusses block chain storage together. The future direction of development and the broad prospects of the trillion-dollar storage market are forecasted.
4. Forecast of Market Activities
1.Wang Donglin, founder of YottaChain, was invited to attend the POW’ER 2019 Global Developers Conference held in Beijing on August 20. He will discuss with 35 powerful guests from academia, internet giants and leading enterprises of block chains on the frontier topics such as technology integration of block chains with 5G, AI, Internet of Things, Privacy Computing, Distributed Storage, Open Finance, Libra Effect and the Rise of BaaS etc.
2. Wang Donglin, founder of YottaChain, was invited to become a lecturer in the Summer Class of Global Block Chain Course of Mars University in 2019. He will teach with Wu Jihan, co-founder of BitContinent, and Cao Huining, chairman of Finance Department of Yangtze Business School. The course is estimated to begin in August.
