DCC Weekly Update — August 14, 2018
DCC Around the World — Another Milestone!
DCC Mainnet’s Cumulative Transaction Volume Exceeds 1,000,000
On August 9, the cumulative transaction volume on the DCC mainnet reached one million users, breaking a new record!
The 1.0 version of our mainnet was launched in early 2018 and has been in operation for over 200 days. For the next update, we plan to use Stellar’s algorithm as reference and use partition consensus to allow all ledgering nodes to enter and exit freely.
Version 2.0 of our public blockchain will be live by Q2 2019.
DCC in the News
DCC explores Internet Finance
Users are getting increasingly frustrated by the P2P lending crisis happening in China, where hundreds of mini-lending platforms were accused of questionable practices such as Touzhijia, Tangxiaoseng and Shanlin Financial. The chaos in the financial industry has put people in a “wait-and-see” mode. Stewie Zhu had an exclusive interview with Block360, a leading blockchain-focus media outlet in China, to interpret these problems and credit crisis behind them.
In response to the shortcomings of the current market, Stewie commented that some problems can only be resolved by transforming credit data processing mechanisms. DCC will continue to keep information transparent, reconstruct trust mechanisms, and establish a distributed credit data transmission network to contribute to the national economy.
Could Blockchain Prevent a Future Crisis?
Stewie Zhu published the below article in The London Economic discussing the possibilities blockchain technology can bring to the banking industry to achieve global inclusive finance.
Community News & Events
On August 8, Cipher Tang, our co-founder and CTO, had an AMA session on the DCC Chinese Channel on Telegram. The session lasted over 3 hours, where Cipher talked about:
- The development status of DCC DApps
- The specific scenarios in overseas markets that the DApps are targeting
- Comparison between DCC and peers
A recap on this AMA session will soon be available on our Medium page. Please stay tuned!
Meetup in Korea: Blockchain: Turning Possibilities into Reality
We are looking forward to Blockchain: Turning Possibilities into Reality, our next meetup event in Korea. Together with PlayCoin and AChain, we’ll be having a great evening discussing the opportunities and challenges of applying blockchain to traditional industries. Join us at 6:30pm on August 16. We are limiting this to the first 200 guests so reserve your spot here!
The first airdrop round in Korea has successfully concluded and the tokens were distributed on August 13. There will be another round shortly, which is open to participants of this meetup event. For details, please visit our Korean channel on Telegram and Kakao.
Apply to be a DCC VIP 딕싸 for tons of perks — early registration for this meetup, as well as DCC souvenirs and the chance to win a dinner with Stewie Zhu.
Last week, our exclusive event “Guess the Hanoi Lottery with DCC” in the DCC Vietnamese channel was a hit in the local crypto community! Members made guesses on the last three digits of the winning number of a national lottery, for a prize of 10,000 DCC tokens. We’ll be launching more events for our growing community in this country, which has exceeded 10,000 members.
The DCC Community is Hiring!
We’re looking for 4 leaders for our Chinese channel on Telegram. Recommend yourself or others by August 26 and get 10,000 DCC as reward if your recommendation is accepted! We look forward to having new teammates who make the DCC community more amazing!
Tech Developments
- We’ve completed the development of the IPFS-based framework for personal data management, as well as the development of APP logic and smart contracts. We’ll be testing them and make adjustments when necessary.
- We’ve optimized code for DCC cross-chain interchange, transaction charge, and currency transfer to improve token interoperability and user experience.
- BitExpress is integrating DCC’s open source personal credit data management framework DCDMF, which will be available to users next week.
- Users will enjoy an improved network with better data storage, nodes on the Ethereum network, smoother address book management, and more powerful data analysis functions.
- We’re finalizing the smart contract for cryptocurrency deposit services on BitExpress, which will be up and running in the next version.
- We’re connecting our database with data service providers in Indonesia to extend our reach to a larger audience!
- We’re also connecting with a Chinese loan service platform and will launch new loan services based on the DCC network.
What’s News in Blockchain?
- Turkish Investors Turn To Cryptocurrency As Lira Crashes
- Y Combinator’s New China Chief Is Bullish on Blockchain
- CBOE President Cautiously Hopeful on Bitcoin ETF Prospects Despite SEC Action
Recommended DCC Reading :
- Chain Catcher Blog Interviews DCC Founder & CTO
- DCC Attends Star Wars-Themed BlockchainAwakens Hackathon
- Key Takeaways from Plug and Play Fireside Chat
Previous Newsletters:
- DCC Weekly Update — August 7, 2018
- DCC Weekly Update — July 31, 2018
- DCC Weekly Update — July 23, 2018
- DCC Weekly Update — July 17, 2018
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