IOST Weekly Update — May 14th-May 21st
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.
It was another eventful week as the IOST US team attended Blockchain Week NYC. Our first NYC meetup was an incredible success and Co-Founder Jimmy’s speeches at several events during the week were extremely well received. Additionally IOST was listed on a new exchange, received impressive coverage on a number of major Korean outlets, and continued to make strong development progress. Read on for more!
On May 14th, the Internet of Services Foundation held our first New York meetup with co-sponsorship by Hydro Protocol, 8 Decimal Capital, Badwater Capital and Nirvana Capital attracted over 200 blockchain industry professionals, investors and enthusiasts and was hailed as one of the more popular events during New York blockchain week.
On May 18th, IOST co-founder Jimmy was invited to attend the New York Blockchain Center Technology and Investment summit in New York. At the summit, Jimmy gave a keynote speech on the core technology of IOST and stated that IOST hopes to use PoB and other technology advantages to become the next-generation of blockchain technology.
Jimmy’s speech was extremely well received and afterwards he was approached by several groups asking for further technical discussion and expressing their intention to seek future collaborations. After the summit, Jimmy had a brief interview with youtube influencer Crypto Beadles and spoke about the IOST strategy over the next 2 quarters.
IOST co-founder Jimmy Zhong conducted an exclusive interview with Korean popular YouTube channel Coinsight this week, the interview can be found here with english subtitles.
In the interview, Jimmy analyzed the technical similarities and differences between IOST and other public-linked projects. He also announced the expected release dates for the testnet and mainnet.
In addition, there were a number of mainstream media reports on IOST in Korea this week.
Finance Today, a well-respected Korean news outlet, published:
NEWSIS, the largest private news agency in Korea, published:
Financial News, the authoritative economic news media in South Korea which often provides in-depth analysis of national economic policies published:
1. [Transactions] Endorsing peers signature visa and payload resolution have been put into use. The performance and function of the basic unit of any trading object have been put into use. Transaction ordering and commitment have been tested and are ready for use. Transaction initialization, network peer verification & execution, response inspection, endorsement assembly and transaction commitment are all undergoing further testing.
2. [Nodes] The End-user functionality and Data dissemination mechanism of the node, the guaranteed delivery of the delivery service, and the full-sequence broadcast have been put into use. Peer links, function execution, and Ledger’s event updates are ready to go.
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 put into use. The base and key lookup functions for the query ledger are being tested.The configuration blocks of the policies and access control list defined in the book have been executed. The entire Ledger update process includes peer node appending the block, commitment of write of each valid transaction to the current state database, the event emitting of transaction appending, notification of whether the transaction is validated or invalidated is further tested.
According to TokenInsight’s statistics, the IOST team submitted code 109 times in the past 7 days, ranking seventh; in the past 30 days, the code was submitted 416 times, ranking third. Currently, the R&D team is working overtime, and everything is progressing faster than our roadmap.
New Exchange Listing
Hotbit is a professional digital asset trading platform with daily trading volume of about 15 million US dollars. Hotbit adopts advanced technologies such as GSLB, distributed server cluster, distributed storage, high-speed memory transaction engine with multiple machines, cold purse, and hot wallet with offline private key, such as Web server, mobile phone, and PC. To provide customers with safe, flexible, stable and secure digital asset trading services.
This week, the development momentum of the IOST Korean community is remained strong with the number of Korean Telegram users surging from 3000 to 16,300, and the weekly growth rate was as high as 440%, making it the largest community in the Korean crypto market. The number of KaKaotalk grew from 2200 to 2700 and Facebook followers increased from 20,500 to 20,600.
Koinex, the Indian cryptocurrency trading platform, has partnered with IOST to organize the largest ever cryptocurrency airdrop in India. The 1,000 users with the highest trading volume can all win awards, with the total award amount being 1 million IOST.
This IOST award event started at 14:30 on May 15, 2018, Beijing time, and ended at 02:29 on May 22, 2018. At present, the official website ranks the top three trading volume over 10 million.
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