Trinity Monthly Report — April
(April 10-May 10)
Technical progress
Technical progress from April 10-May 10
Highlights of R&D work this month:
1. improvement of trinity network and wallet
1) Completed the use of DAG to achieve channel topology of the entire network and channel-based route-finding at minimum costs
2) Sync and test under multi-nodes
3) Rebuild of bottom layer network, solve the issue of dividing and cluing of tcp, fix tcp bug
4) Use uvloop to replace event loop of asynicio, increasing concurrency of gateway
5) Gateway re-launch topology and recovery capacity
6) Sensitivity of wallet_cli close and open function (status update and sync)
7) Full-node wallet switching to light wallet, saving time of syncing blocks when deploying nodes
2. The development of supporting products of Trinity network
1) Online Experience Store based on Trinity state channels technology
2) Development of full-featured web-version wallet based on state channels, 80% completed
3) Development of experience website with instant payment function for online videos based on state channels, 80% completed
3. Trinity-Network based ecological cooperation project
1) Provided solutions for the blockchainization of an online painting digital asset platform based on the Trinity state channels network
4. ETH human resource input
1) Completed the prototype design of the Trinity scaling scheme based on ETH
5. Testing of the release on NEO mainnet
1) Internal testing of the Trinity state channels network on NEO mainnet
6.Cooperated with the community to develop the backstage tools of the lock-up program.
TNC Cross-chain Asset Converter Officially Released, Marking A New Era for Cross-chain Asset Exchange
TNC cross-chain asset converter debuted at the Berlin meetup in March, which marks a significant landmark for Trinity in its exploration of new territories. Rather than an independent, vertical and closed system, the “isolated islands” in the blockchain space are linked by the converter which makes it possible for the exchange of value and data.
The cross-chain asset conversion technology can be explained as a bridge linking different blockchains as a way to realize cross-chain transaction, asset conversion and information exchange among different chains. The TNC cross-chain asset converter adopts the notary schemes which is a centralized structure that selects a group of notaries to monitor the events and status on the target chain and sign the transfer of assets.
Key annoucements
Trinity Lock-up Program Closed
The locking program will be released at the timestamp of the first block height after 00:00 (UTC +8, Beijing) April 15, 2018. The locking program has a hard cap of 35,000,000 TNC with a locking period of 9 months.
TNC Lock-up and Reward Program closed at the block height of 2148616 on April 15, 2018 with the hard cap reached. The locking address received 476 transactions in total.
Key moments
1. Traditional at Chicago Distributed Market Conference
On April 23, Trinity participated in Distributed Markets Conference held by BTC media. CME & CBOE Group (two futures exchanges in Chicago), Kraken (the largest exchange in Europe) and Qtum were also present.
Trinity co-founder Mr. Zhang Guangfeng gave a speech at the conference. To start, he shared his work experience at CBPM (China Banknote Printing and Minting Corp) Blockchain Research Institute. He found that although blockchain technology could improve efficiency and solve the issue of trust and security, there are still limitations.
He was inspired to create Trinity, which is a universal off-chain scaling solution that will effectively increase transaction speed and lower transaction cost. State channels technology can protect user privacy by broadcasting the settlement results to the entire network. Trinity is highly likely to be used in micro-payment and payment in games.
2. Trinity at WDAS in Singapore with Other Star Projects
Trinity foundation was invited to World Digital Assets Summit held by FBG Capital on May 1 in Singapore. Trinity founder Li Yiling attended the summit.
FBG Capital（Fintech Blockchain Group）, a blockchain and digital assets investment company based in Singapore, aims to become the Silicon Valley in the blockchain space by attracting outstanding blockchain projects and investors around the globe.
On the first day of the summit, Trinity founder Li Yiling shared his thoughts on blockchain games which he thinks have the most promising future and market potential.
On the second day of the summit, Li was invited to a roundtable discussion on NFT assets where co-founder of Decentraland Ari Meilich, co-founder of Etheremon Jarvis Nguyen, Tianfang Li of Hydro Protocol, and CMO of WAX Brent Cohen were also present.
3. Trinity Protocol Establishing Strategic Cooperation With Decentraland
Trinity Protocol announced it will establish cooperation with Decentraland with an aim to fulfill their promises, that is, to increase awareness of the potential of Tokenomics among users and build a state-of-the-art VR platform for blockchain games.
Decentraland is a VR platform on Ethereum. Game apps on Decentraland will integrate Trinity state channels protocol which will provide computing solutions to the development of blockchain games on Decentraland through state channels technology. Through in-depth cooperation with the Trinity development team which achieves scalability through an off-chain data network, the ecosystem of Decentraland will be more secure, and process more information with higher efficiency without causing huge costs on-chain.
4. Trinity Protocol Establishing Strategic Cooperation With Etheremon
Trinity Protocol announced it will establish cooperation with Etheremon with an aim to fulfill their promises, that is, to increase awareness of the potential of tokenomics among users and build a state-of-the-art VR platform for blockchain games.
Etheremon is the first to unveil gaming 3.0 by combining blockchain with VR technology. Game apps on Etheremon will integrate Trinity state channels protocol which will provide computing solutions to the development of blockchain games on Etheremon through state channels technology. Through in-depth cooperation with the Trinity development team which achieves scalability through an off-chain data network, the ecosystem of Etheremon will be more secure, and process more information with higher efficiency without causing huge costs on-chain.
5. Trinity Protocol Establishing Strategic Cooperation With HyperDragons
Trinity Protocol announced it will establish cooperation with HyperDragons with an aim to fulfill their promises, that is, to increase awareness of the potential of tokenomics among users and build a state-of-the-art VR platform for blockchain games.
HyperDragons is a digital collectible developed on Ethereum smart contracts. Game apps on HyperDragons will integrate Trinity state channels protocol which will provide computing solutions to the development of blockchain games on HyperDragons through state channels technology. Through in-depth cooperation with the Trinity development team which aims to achieve scalability through an off-chain data network, the ecosystem of HyperDragons will be more secure, and process more information with higher efficiency without causing huge costs on-chain.
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