TOP Network Weekly Report: May 13 — May 19

in blockchain •  4 months ago 

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Heading towards the momentous Mainnet launch scheduled in late June, our development team is endeavoring for Testnet 4.0, the last version of Testnet embracing all the ready-to-go features before Mainnet. To celebrate the 9th anniversary of “Bitcoin Pizza Day” on May 22, the day marking the first Bitcoin purchase in history, we planned a special program for you to share pizza-related short videos to gain TOP tokens. We partnered with Huobi Global for its “Prime Day” carnival as well, during which time users holding a certain number of TOP tokens have access to buy half-price BTC!

Technical Development

  1. Testnet 4.0 Development:

• Support the launch of various Native Tokens (TOP Token Standard, TRC-10 protocol) and transactions with Native Tokens;

• Support automatic cropping of Unit-level data (Light-Unit, Full-Unit);

• Optimized the GOSSIP transmission protocol for high-loss packets;

• Completed the development of tools for the first-stage large-scale node deployment. Enabled the function of creating of thousands of physical nodes by one-click on Digital Ocean and deploy the corresponding version;

  1. DApp development:

• Optimized the decentralized VPN user data storage. Switched from the decentralized file system to the decentralized Smart-Object storage system for API docking and initial debugging;

• Optimized the decentralized VPN kernel anti-block capacity to support spoofed packets to send transactions through the standard ICMP protocol proxy.

Community
Nine years ago, a programmer named Laszlo Hanyecz paid 10,000 Bitcoin for two pizzas, which was widely regarded as the first real-world transaction with Bitcoin. That day, May 22, was then memorized as “Bitcoin Pizza Day”. To celebrate the upcoming “Bitcoin Pizza Day”, we planned a special bounty by handing out the same number of 10,000 TOP Tokens (They worth more than two 🍕now!) to our community, yet hearing your shoutout of the big wishes for TOP. Record a short video including pizza-related elements with your wish for TOP and post it on Twitter with the tag @topnetwork_top. We will reward the 5 participates achieving the highest votes. For more details please read the instructions here.

Partnership
Huobi Global announced Special Prime Trading Project Bitcoin (BTC) on May 22. Users with a daily average of 20000 USDT worth of BTC and/or USDT and/or NEW and/or TOP and/or TT from May 15 to 21 will have access to snap up half-priced BTC.

You can find TOP Network on:

Email Contact: [email protected]

Official Website: http://www.topnetwork.org

Telegram: https://t.me/topnetwork_top

Twitter: https://twitter.com/topnetwork_top

Medium: https://medium.com/@topnetwork

Steemit: https://steemit.com/@topnetwork-top

Reddit: https://www.reddit.com/user/topnetwork_top

About TOP Network

TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more.

TOP Network is also a high-performance public blockchain platform designed to handle real-world business of any size or volume. Powered by innovations including three-layer network, two-layer sharding, two-layer lattice DAG and PBFT-DPoS*, TOP can process several hundred thousand transactions per second on the blockchain.

The long-term mission of TOP Network is to build a public blockchain infrastructure for all Dapps. Our world-class team of over 100 developers is striving for this goal.

TOP Network originated from the common underlying network layer of Dingtone, CoverMe and SkyVPN, three communication apps built by the TOP team before the blockchain project. These apps, having attracted over 60 million users in total, will be ported to TOP Network upon the launch of TOP and generate huge volumes of transactions in the TOP ecosystem.

TOP Network was founded by serial entrepreneur Steve Wei and his colleagues in late 2017. Steve was one of the earliest employees of WebEx in the 1990s. After WebEx, he founded a successful video conferencing software company which was acquired by Huawei in 2010. In 2012, Steve co-founded Dingtone, a public listed company operating popular communication apps such as Dingtone, CoverMe and SkyVPN.

On March 26th, TOP Network made its debut as the first project launched through Huobi Prime — Huobi’s selective Direct Premium Offering platform. A total of 1.5 billion TOP Tokens were sold out in seconds, after which the price of TOP surged 2770% once it was freely tradable. Upon the listing, TOP’s trading volume hit $100 million in just eight seconds, and surpassed the trading volume of Bitcoin at $167 million in less than a week, ranking first in terms of volume on Huobi Global. Before that, TOP Network has closed $15 million early investments from prestigious institutional investors and individual billionaire investors, including DHVC, Fenbushi Capital, NEO Global Capital (NGC), Ontology Global Capital (OGC), LD Capital and more.

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