YTA (YottaChain) Project Biweekly Report(10.21~11.02)
Preface: As the only storage chain which can ensure data reliability and security, YottaChain has attracted much attention since the project was launched. In order to let followers know more about the progress and latest developments of YottaChain project, YottaChain publishes biweekly reports of the project every two weeks, please pay attention!
Technology Development Progress
1. The open beta testnet went offline on October 29th and YTT could be exchanged. Meanwhile, a new testnet will be set up for external testing;
2. Finished performance testing and optimization on file uploading and downloading;
3. Established exit mortgage of the mining machine; supports the change of mining machine owner; improved mining pool change interface;
4. Started the security testing of the accounting network;
5. Fixed bugs have arisen from data sampling;
6. Completed the docking of exchange mainnet;
7. Launched wallet docking. Docked with other wallet mainnet for YTA token circulation, with transfer and other functions available;
8. Started operation and maintenance planning; organized operation and maintenance specifications and help manuals;
9. Developed a plan to replace the storage code with LRC;
10. Verified the scheme for LibP2P replacement.
Commercial Application and Eco System Construction
1. On Nov.1st , Alex Wang, founder of YottaChain, held a five-hour technical exchange and communication with a telecom operator’s big data department. YottaChain is expected to be applied in this operator next year.
2. Recently, Mr. Zhao Weimin, vice president of YTA (YottaChain), visited Huasheng Tiancheng Technology and made in-depth exchange with general manager Mr. Li of the smart city business unit. The two sides reached a consensus to jointly promote the big data application in system integration and smart city.
3. On Oct. 22nd , YTA Business Application Development Forum, hosted by YTA (YottaChain) Business Application Committee, was held in Zhengzhou. The forum brought together YTA super nodes, channel partners and many industry guests to explore the path to prosperity for YTA commercial application. At the same time, YTA’s commercial application solutions were disclosed in detail and a three-party strategic cooperation signing ceremony among Medespa Medical Investment , YTA Business Application Committee and YTA was completed on the forum.
4. On Oct. 24th , YTA Business Application Development Forum and Signing Ceremony, which was hosted by YTA (YottaChain) Business Application Committee, was held in Taiyuan city of Shanxi province. The forum brought together YTA super nodes, channel partners and many industry guests to explore the path to prosperity for YTA commercial application. This forum witnessed a three-party strategic cooperation signing participated by Shanxi Wangyangda Energy Tech, YTA Business Application Committee and YTA. YTA will provide safe, reliable and low-cost storage services to Shanxi Wangyangda Energy Tech and promote YTA commercial applications through joint efforts.
Remarkable Achievements in Market Campaigns
1. On Oct. 28th, CoinVoice invited YTA (YottaChain) founder Alex Wang to show up in VOICE commercial live program as a guest. Alex shared the topic“How storage public chain march into the commercial market!”He said everyone has a lot of data to save, so the data will increase exponentially along with the technology continuous development. At this point, YTA’s value lies in it can be used for its own sake, but also can bring value.
2. On Oct. 28th , the fourth meeting of the Digital Economy Infrastructure Seminar was held at the School of Business of Renmin University of China, with its focus on the relationship between blockchain and digital economic infrastructure. Alex pointed out in his speech that China has elevated blockchain development to a national strategy. So YTA will actively respond to the country’s policy guidelines to accelerate the pace of independent innovation and use blockchain technology to deeply integrate digital economy and real economy. We strive to build a world-beating YTA storage public chain so as to realizes the ideals of several generations of storage practitioners who have struggled for decades.
3. On Oct. 24th , Alex Wang, founder of YTA (YottaChain), was invited to participate in a tea party at the fourth station of the” Consensus Theory·Ten Cities”, hosted by the Consensus Laboratory in Beijing under the theme “Hunting New Assets”. Alex expressed the value of the blockchain lies in the value it can provide to the whole society and their users. YTA (YottaChain), as the first commercial storage public chain, is to refine the value. The reason why we can provide a better and cheaper commercial storage services than Amazon and Alibaba is we empowered storage industry via blockchain technology.
4. On Oct. 23rd , YTA (YottaChain) ,YTA Education Committee and Mars Finance jointly launched the “Be Friends with Yotta and Find YTA Short Video Producer around the World” activity. Anyone who uploads short video relevant to the theme to video sharing platform :TikTok and Mars will stand a chance to win a thousand yuan prize! Excellent works will be awarded up to 4500 YTA and have the opportunity to enjoy the promotion through YTA official channel.
5. On Oct. 25th , Mr. Li Zhijiao, chairman of YTA (YottaChain) Ecological Community Committee, was invited to attend the briefing session of the Chengdu Rongguotang Community in Chengdu and gave a keynote speech on the value of YottaChain in the 5G era. At the briefing, Mr. Li Zhijiao thoroughly interpreted the prospects of the Internet revolutionary product — YTA from the perspectives of global politics, economy and culture.
6. On Oct. 26th , Mr. Li Zhibiao, deputy secretary-general of YTA (YottaChain) Ecological Community Committee, was invited to attend the briefing session hosted by Leiting Sitong community in Taiyuan, Shanxi province, and gave a keynote speech on “The Present and Future of YottaChain in the 5G Era.”
7. On Oct. 27th , Mr. Li Zhibiao, deputy secretary general of YTA (YottaChain) Ecological Community Committee, and his team were invited to attend the YTA sharing meeting hosted by Hanshan Shuyuan community in Handan city. At the meeting, Mr. Li, based on the development of the global and domestic blockchain industry, deeply analyzed the status and value of the data storage public chain-YTA.
8. On Oct. 28th , Mr. Li Zhibiao, deputy secretary general of YTA (YottaChain) Ecological Community Committee, was invited to attend the YTA Community Missionary Forum in Shijiazhuang city, with More than 20 YTA evangelists participated. At the symposium, Mr. Li Zhibiao listened to the reports delivered by YTA evangelists, and carefully recorded and summarized them. He affirmed remarkable achievements of the YTA evangelists after promoting “Dandelion Project” and gave recommendations for each evangelist respectively.
9.YottaChain tops the October influence ranking released by Mars institutional! Since cooperated with the Mars, YTA (YottaChain) publicized each project progress and project activity on Mars Finance, so that community users can understand the project status in a timely manner. Keeping project transparent demonstrates YTA is not only responsible for the user , but also is confident about team’s strength. At present, “YottaChain Community” has officially joined the “Mars Community Empowerment Program”. YTA has accumulated thousands of fans on Mars, and shared industry expertise with millions of users.
10. Recently, YTA (YottaChain) ‘s article, entitled “Actively responding to national policies, YTA will accelerate technological innovation to promote the transformation of the storage industry” was circulated by people.cn and cppcc.gov.cn affiliated to The People’s Daily newspaper.
11. On Oct. 31st , the second training session of YTA (YottaChain) Board of Education was held in Chengdu. This two-day training was given to 126 super nodes, mainly focusing on YTA’s mainnet launch, eco system construction planning, eco fund layout, commercial application landing, real-time process for globalization, eco system promotion in community; The founder of YTA, Alex Wang and veteran industrial insiders provided professional lectures for participants. During the training, a strategic cooperation signing ceremony was held between Yotta Eco Fund and Tailida Investment, Gongxin Cloud Technology, World Bitcodeman BlockChain Academy.
Recent Market Events
1. From November 4th to 6th, the 2nd Shenzhen International Distributed Storage Conference and Expo 2019 and the 3rd Shenzhen Blockchain Technology and Application Conference 2019 will be held in Shenzhen. The conference will become an important part of the 13th Shenzhen Financial Expo, which is a grand event will be co-hosted by Shenzhen Municipal People’s Government and Shenzhen Financial Office. The blockchain storage project YTA (YottaChain) is invited to participate as a top-level project. Its founder Alex Wang, Mr. Jiang Qilin (chairman of the Education Committee) , Mr.Sun Wenming, (chairman of the Commercial Application Committee), Mr. Li Zhijiao (chairman of the Ecological Node Committee), Mr. Zhang Fei (Eco-Fund management partner) will present the conference as distinguished guests to deliver keynote speech respectively.
2. The 2nd World Blockchain Conference· Wuzhen will be held on November 8th -9th , 2019, which will gather more than 100 experts, scholars, technicians, opinion leaders and founders from blockchain, digital assets, AI, 5G and other industries. Themed “Application has No Boundaries”, the event will explore application, technology frontiers, industry trends and hot issues about blockchain development, empowering blockchain eco system innovation and evolution. Alex Wang, founder of YTA (YottaChain), is invited to attend the event and deliver a keynote speech.
3. A seminar on Sinopec “Digital Transformation and Intelligent Development” will be held on November 7th-8th, 2019. During which department leaders from Sinopec Group, experts in intelligent manufacturing of petroleum and chemical industry, responsible person of information technology application in refining and chemical enterprises and design units will show up. Alex Wang, YTA (YottaChain) founder , is invited as a forward-looking technical representative to attend and give a 40-minute keynote speech.
