IOST Weekly Update — April 16th-April 23rd
The Internet of Services Foundation is developing a next-generation, scalable blockchain capable of handling the throughput necessary for mass adoption. Its openness, ultra-high TPS, privacy protection, scalability, security, and adoption of many pioneer innovations will provide infinite new possibilities for online service providers to serve their customer base.
Learn more about us on our website and interact with the team on our telegram, reddit and discord.
Summary
This week was certainly an interesting one as our developers continued to plug away - their activity on our GitHub is prolific and we intend to win the moniker of the “hardest working team in crypto” over the coming months. In other news, we will be working with Blockfolio to test the beta of their Signal program. Blockfolio is one of the best coin tracker apps and has more than 1M active users. We also held an offline meetup in Korea, were interviewed on a major platform in China, and announced our first Discord Q&A with CEO Jimmy Zhong.
New Exchange
On April 23rd at 4PM CST, IOST was listed on bitgogo.io, an impressive new exchange. The founding team of bitgogo.io is composed of a group of senior blockchain experts and developers from world-renowned technology companies such as Google, Facebook, Twitter, Microsoft and IBM. Their technical core members are known for having won the ACM Computer Contest World Championship and the technical director was responsible for Google Cloud’s global kernel development. Additionally, their security director was responsible for the system security of billions of users on Facebook, Whatsapp and Instagram. We are excited to be listed on this extremely promising exchange.
Developer Update:
1. [Transactions] Endorsing peers signature verification, payload parsing in the implementation, and transaction endorsement rules have been used. The performance and functions of any trading object’s basic unit have been investigated and begun to be documented.
2. [Nodes] The end-user functionality and data dissemination mechanisms of the nodes, the guaranteed delivery of the delivery service, and the full-sequence broadcast have been implemented and are being run through continuing tests. Peer links, function execution, and ledger event updates are investigated and implemented.
3. [Ledger] All state modules and state transition modules, sorting service APIs that the sorting service will use, and modules that send ordered transaction generation blocks have been developed. The base and key lookup functions used for query ledgers continues to be studied.
4. [Debug] An IOST debug library that includes debug mode and debug related equations is under development.
International Growth
United States
This week we reached an agreement with Blockfolio to test the beta of their Signal program. Blockfolio is one of the best coin tracker apps and has more than 1M active users. We will be working closely with them to communicate with users on the beta version of Signal. We believe this will be an extremely effective platform to help introduce IOST to more people in the crypto community.
Additionally, starting this week we will be sending out the weekly updates by email in addition to posting on Medium. Going forwards, we will be building this into a proper newsletter where our community can go to learn about the latest IOST developments. If you would like to subscribe to this mailing list, please head to our website homepage here and click Subscribe.
Korea
On April 21st, IOST South Korea teamed up with Krypto to hold an offline meetup. Krypto is a well-known digital currency community in Korea. At the meeting, they introduced the Internet of Services and its vision to over 100 investors and project teams.
China
IOST’s CTO and founding team members were interviewed by reporters from 36Kr and expressed their views on the development of the blockchain industry and distributed system technologies. If you would like to read the interview, it can be found here in its original format.
Community Progress
This week, the number of fans in the IOST language groups grew by 2,737, an increase of 82.66%. Among them, the South Korean fanbase in particular experienced dramatic growth. Meanwhile on Reddit, an IOST related post became the eighth hottest topic in r/cryptocurrency, the largest subreddit devoted to digital currency area. We’ve also seen exponential growth on our Discord channel.
Discord Q&A
On April 25th at 6:30 PM, IOST co-founder Jimmy will be on our Discord to answer your questions about IOST and talk more about the team’s vision and next steps. Going forwards, the IOST team will be holding weekly Q&A sessions at this time on Discord.
To join our Discord, please click here.
IOST Weekly Update Translation Vote
On April 19th, we invited our community to vote on which languages they would like to see our weekly updates translated into going forwards. We received an extremely enthusiastic response and would like to thank our community for its passion! The top three in the final poll result are:
Starting this week, we will be publishing our weekly updates in Turkish, Spanish, Russian and German in addition to English, Korean, Japanese and Chinese.
We are Hiring!
The Internet of Services Foundation IOST plans to further expand our team in The United States, Europe, Southeast Asia and Japan. We are looking for skilled individuals who are as passionate about blockchain as we are. If you believe you have what it takes, please send resumes to career@iost.io
