< BACK

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

Aug 13,2018



weekly report

DEVELOPMENT


Main chain


[Done] Wallet


[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)



ECC implementation of asymmetric algorithm for chip




MARKETING


weekly report

Number of token holders 19428 +1.29%


Number of transactions 51169 +1.08%


(Data source: Etherscan.io)



COMMUNITY


weekly report


Chinese Community


WeChat & QQ 7320 -0.33%


Overseas Community


Telegram 62111 -0.65%


Twitter 20969 +0.57%


Reddit 7115 +22.97%



EVENTS


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


weekly report

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.




Steemit: https://steemit.com/@iot-chain
Reddit: https://www.reddit.com/r/iotchain/
Twitter: https://twitter.com/IoT_Chain
Facebook: https://www.facebook.com/IoTChain/