TOP Network Weekly Report: May 20 — May 26

As the skyrocketing bitcoin price may raise a signal for bull market, we’re rallying for the showcase of our upcoming Mainnet launch while polishing features on Testnet 4.0. CryptoRevolution, an influential crypto YouTube channel, mentioned TOP Network as “a very successful IEO project” with “an ambitious business model” and “solid team”. Join our community to take part in more appealing bounty-hunting activities!

Technical Development

1. Testnet 4.0 optimization:

• Optimized the network socket in transport layer to pass the acceptance criteria. The normal dual-CPU core machine is now upgraded to achieve 100,000+ packets/second.

• Optimized event and message multithreading lock-free queue to pass the acceptance criteria. The capacity of multithreading on a normal dual-CPU core machine has been increased to handle more than 1 million events and messages per second.

• Completed the second phase of CPU performance on PBFT consensus and improved the performance by over 150%.

• Completed the optimization of multithreading and concurrency on PBFT consensus and increased the throughput by over 50%.

1. Completed coding for the tools for large-scale node auto-deployment on Testnet 4.0.

Community
We restarted Fortune Carnival, a four-week bounty hunting activity designed for our community members. Join our official Telegram group to play games, earn scores, and try your luck to get bonus in the following two weeks.

1. We’re thrilled to see tons of innovative pizza-related short videos for our PizzaDay special event and are about to upload those 🍕videos with most votes. Feel hungry? Reserve some TOP tokens to buy pizzas next time!

2. Thanks to the efforts from our talented community members, we received a large number of high-quality translated articles in Vietnamese and have published some of them on Medium. We look forward to seeing more local specialists helping us spread the words of TOP to every corner of the world.

Featured in Media
CryptoRevolution, an influential crypto YouTube channel, mentioned TOP Network as “a very successful IEO project”, recapitulating the three price-limit rounds on Huobi Prime and speaking highly of TOP as it has “a really ambitious business model” and “a solid team” and is “definitely something to look into going forward” with the 60 million pre-existing user base.

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.