ITC Progress Update 4/8/2018–10/8/2018
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
| Number of token holders | 19428 | +1.29% |
|---|---|---|
| Number of transactions | 51169 | +1.08% |
（Data source: Etherscan.io）
COMMUNITY
| Chinese community | Number | % |
|---|---|---|
| WeChat & QQ | 7320 | -0.33% |
| Overseas community | Number | % |
|---|---|---|
| Telegram | 62111 | -0.65% |
| 20969 | +0.57% | |
| 7115 | +22.97% |
EVENTS
IoT Chain and SWFT Blockchain Sign Strategic Cross-Chain Exchange Cooperation
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.
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