QuarkChain Bi-weekly Project Progress Report: Nov 30 — Dec 13, 2019
Welcome to the 47th QuarkChain Bi-weekly Report for the period from Nov 30 to Dec 13. For the past two weeks, we announced plenty of news and attended many events.
- QuarkChain Go TPS Competition Season 2 with 3 BTC Rewards is ongoing. 200,000 TPS Peak Challenge has been breached.
- Added deployment of gas utility system contract
- Attended offline events and conferences; introduced blockchain and QuarkChain technology; and shared idea about application trend of the industry in the future.
# Major Updates
- Supported paying transaction gas with native token and added E2E testing
- Added token auction whitelist for reserved native tokens
- Added deployment of gas utility system contract
- Designed user interface for native token auction / gas utility
- Updated native token auction bytecode with removal of redundant variables
- Updated gas utility system contract to support the function of token registration
- Fixed variable definition for precompiled contract output when registering token ID in gas reserve
QuarkChain Go TPS Competition Update
In just a few days, 200,000 TPS Peak Challenge has been rapidly breached, and the third TPS peak challenge goal is: 300,000 TPS. The first challenger who reaches this goal will receive 0.2 BTC + 400,000 QKC reward. Everyone has the opportunity to participate in the division of the total value of 3 BTC rewards pool by inviting other people to participate. For more details, please read: https://quarkchain.io/tps2/
How to protect security, and avoid double spending attack?
On December 1, the project Vertcoin (VTC), which adopts PoW and ASIC-resistant Algorithm, encountered 51% double spending attack again. This attack was carried out by using Nicehash, a hash power leasing platform, to purchase and rent hash power. To solve problems of PoS, QuarkChain offer own solution: high hash power protection +Proof of Staked Work.
11/30 Chain Talk Online AMA
QuarkChain held a technology sharing AMA in LK Talk community. Ke Ping, technical director of QuarkChain in Beijing, shared the functional features and architecture of QuarkChain. On the one hand, we can allow different shards adopt different consensus, token economy, virtual machines, and ledger models according to the development plan, such as DPoS shards, PoS shards, shards using Libra virtual machine and so on. In addition, we can also set up special functional shards, such as we can add privacy shards (zcash, monoreo) and so on.
12/4 2019 CAN Conference
On December 4, the “CAN conference” was successfully held in Hangzhou. The theme of this conference is “Link everything, Blockchain and the new pattern of global economy”. Professor Yang Yaodong, the QuarkChain research scientist, attended the meeting and made a speech in the thematic discussion entitled “Path of blockchain infrastructure”. He focused on the relationship between the alliance chain and the public chain; how to deal with market changes, and the application trend of the industry in the future.
12/8 Blockchain Lecture in BUPT
Last week, QuarkChain team came to Beijing University of Posts and Telecommunications to give a lecture on the blockchain to freshmen. As an alumni, Du Ting, QuarkChain CBO, gave a lecture entitled “From blockchain 1.0 to 3.0”. He introduces the origin of blockchain in detail and analyzed how QuarkChain’s sharding technology solve the problems of flexibility and throughput required by the landing of blockchain.
12/13 Token Insignt AMA
Since the birth of Ethereum, public chains have sprung up. However, the lack of business application scenarios makes the story of public chains questionable. On October 24, 2019, the state promoted the blockchain technology to the national strategic level. Blockchain technology has attracted much attention. The domestic public chain has become a hot spot for a while, and the traditional Internet giants have also laid out one after another. The trend of blockchain’s real economy has become unstoppable, and the integration of public chain and alliance chain has become a hot topic. In order to help people understand the current situation and future of public chain more clearly, and provide industry insights for industry peers, Token insight has the honor to invite Qi Zhou, founder and CEO of QuarkChain and other public chain leaders to discuss what changes will happen to the public chain in 2020.
12/13 OnePiece Connect — Blockchain Forum
OnePiece Connect — Blockchain Forum is a gathering of global experts sharing industry knowledge, trends and insights about blockchain. Connecting blockchain enthusiasts, entrepreneurs, industry leaders and investors, the event offers opportunities for professionals to learn and exchange opinions on the evolution, current landscape and future opportunities of this emerging technology. Dr. Zhou will attend Panel Discussion: Are IoT and Blockchain the perfect match?
Thanks for reading this report. QuarkChain always appreciates your support and company.