Quarterly Inventory & Review by Lava China

Quarterly Development Report by Lava China Tech Team:

8.28 Launched the mainnet and released the full node wallet (Stable Version 0.3.1).
9.1 Released the LightWallet (Version 1.0.5).
9.7 Released the full node wallet (Stable Version 0.3.2) and fixed the double spending of Genesis Block.
9.15 Joined to 168pool and B3pool and provided technical support for them.
9.25 Launched Lava Android Wallet (Version 1.0.5) officially.
9.27 Developed the Scavenger mining software.
9.30 Submitted Scavenger code to Github.
10.9 Launched Gui Wallet V0.1.
10.16 Opened source officially and published specific rules for LVIP.
10.16 Released the full node wallet (Stable Version 0.3.3) and developed new functions by:

1. Adding a 15000-height Checkpoint to prevent computing power attacks;
2. Modifying the submitnonce interface to support wallet mining in an encrypted state.
   10.18 Provided technologies for Zettapool and Onepool and assisted the launch of mining pools.
   10.22 Proposed the concept of “Cold Firestone” and submitted it to LVIP0002.
   10.30 Completed the design of the Cold Firestone structure, realized the functions of the Cold Firestone, and passed the internal test on the test network.
   11.1 Joined to mining pools abroad, such as Foxypool.
   11.5 Finished a design draft (LVIP0003) for cross-chain Atomic Switch.
   11.10 Passed the internal review of the cross-chain (BTC to Lava) Atomic Switch implementation plan.
   11.22 Finished the cross-chain Atomic Switch code and prepared for internal test.

Quarterly Report by Lava China Community:

1. Community building: The number of community users has exceeded 7,000 in 12 weeks since the launch of the mainnet.
2. Network capacity: As of now, the computing power of the network has exceeded 700p.
3. Mining pool ecology: Several mining pools both at home and abroad have officially launched Lava to jointly promote Lava's ecology development.
4. Support policies from Foundation: In order to fuel the development of Lava's decentralized consensus, the Lava Foundation authorized the Lava China Community to provide LV lending services to mining pools, so that those new mining pools can obtain the initial funds for the purchase of Firestone, thereby lowering the threshold of joining Lava mining ecology.
5. Community token airdrop: By this far, 500,000 LVs have been distributed to the community as rewards, including testnet airdrop rewards, community activity rewards, and volunteer rewards.
6. Lava peripheral support: The Lava China Community has distributed a total of 367 peripheral products to community users and media of strategic cooperation.
7. Foundation address announcement: The Lava Foundation has announced its address, and members of the Lava Community can check the address through Lava Block Explorer.
8. Overseas market development: A preliminary cooperation consensus has been established with overseas mining pools, overseas online forums, overseas media, and overseas communities.
9. Media influence: A long-term strategic cooperation has been reached with a number of mediums. So far, 297 technical essays have been posted with more than 1.58 million views.
10. Lava announcing Plotter Bounty plan: Lava officially announced the details of the Plotter Bounty plan. The Lava Foundation decided to offer a reward of 1BTC and 50,000 LVs to activate all PoC ecosystem participants to develop new P-disk software. New P-disk software approved by the Lava tech team will be open-sourced for free for PoC developers to have deep exploration and learning, thereby promoting the development of the PoC ecology.
11. Strategic cooperation with WUJILIAN Tech: On August 25th, 2019, Lava announced that it has officially reached a strategic cooperation with WUJILIAN Technology, a blockchain hardware equipment supplier and also a company dedicated in both constructing and escrowing mining fields. Lava will receive hundreds and thousands of investments from WUJILIAN Tech, who is very optimistic about the prospects of the PoC ecology. Also, WUJILIAN decides to promote the transformation of the mining machine and mining service business from the pure PoW model to a “PoW + PoC” dual track and make use of its own resource advantages in the field of mining and data energy services to vigorously promote its business layout in the PoC field by focusing on supporting the development of such high-quality PoC and storage projects as Lava.
12. Lava project rewarding attackers targeting loopholes in testnet with Bitcoin: According to official news, a “future timestamp” attack had occurred during the internal test on Lava testnet. Attackers could gain the computing power advantage by modifying the system timestamp. At present, the problem has been well fixed, and the Lava project team decided to reward attackers with 1BTC reward.