ITC Progress Update 4/8/2018–10/8/2018

in c •  3 months ago

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DEVELOPMENT

Main Chain

[Done] Wallet:
· Add custom token view
· Resolve Android device filesystem issues
· Unify UI style

[Done] Refactor validators (used in authentication module)

[Done] Algorithm coding

[Done] Modify chain ID to support unlimited chain protocols

[Done] Add consensus engine and protocol, abstract unified interface for different consensus algorithms

[WIP] Fetch all tokens for one address

Light Nodes

Bluetooth master-slave mix and multi-node connection (based on cc2540)
· [Done] Chip module debugging
· [Done] Chip — end home scene function upgraded

ECC implementation of asymmetric algorithm for chip
· [Done] Algorithm coding

MARKETING

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Number of token holders19428+1.29%
Number of transactions51169+1.08%

(Data source: Etherscan.io)

COMMUNITY

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Chinese communityNumber%
WeChat & QQ7320-0.33%
Overseas communityNumber%
Telegram62111-0.65%
Twitter20969+0.57%
Reddit7115+22.97%

EVENTS

IoT Chain and SWFT Blockchain Sign Strategic Cross-Chain Exchange Cooperation

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IoT Chain is pleased to announce a strategic partnership with Silicon Valley based SWFT Blockchain, a one-click cross-chain currency transfer exchange and wallet. The two parties will jointly carry out in-depth co-operation and promote the development of a new generation of blockchain technology. ITC has now launched on SWFT platform, which can realize cross-chain exchange with 35 Tokens.

COMMUNITY ACTIVITIES

ITC and SWFT launched two airdrop initiatives [Chinese Community]:

Poster Sharing — Sharing of an ITC & SWFT poster on WeChat moments and obtaining 10 likes from friends
Trading Competition — Trade ITC on the SWFT app


ITC ENCYCLOPEDIA

Consensus algorithm

Consensus is the basis for building blockchain trust, which is usually used to deal with issues such as transaction verification/confirmation in a very short time, and is generally implemented through specific mathematical algorithms. For example, IoT Chain uses VRF+PBFT, Bitcoin uses POW (Proof of Work) and Ethereum uses POS (Proof of Stake).

Chain ID

A chain ID is used to realize EIP-55 in order to support checksum address encoding.


Telegram: https://t.me/IoTChain
Reddit:https://www.reddit.com/r/iotchain/
Twitter: https://twitter.com/IoT_Chain
Facebook: https://www.facebook.com/

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