Volume Network Monthly Report Update — 2020.04

2 min readMay 1, 2020

This month the Volume Network team completed the Mainnet upgrade, and the process of dual currency mining has also been completed and launched. After the upgrade of the mainnet of Volume Network, the goal of real decentralization is further being realized.
Latest Development:
1. The upgrade of the mainnet of Volume Network is completed, and the computing power of the mining pool is no longer restricted.
2. The node upgrade and the mining upgrade source code of java-volume has been open for submission to Github.
3. After the block height is upgraded to 65000, the pledge release time is changed to 1 day.
4. The dynamic destruction mechanism has cumulatively destroyed about 652W VOLUME

Product & Technology Development:
1. New version of mining software for mainnet launch has been released.
2. Miners are now restricted to mine VOL on the basis of 300Volume pledge per 1TB HDD.
Mainnet program development:
1. We’ve adjusted the stake release time to just one day.
2. The network no longer limit the MPRN computing power.
3. Ordinary accounts can now independently registered as MPRN members.
4. The bock reward formula has been adjusted to suit the mainnet mining reward standard.
5. Four cryptocurrency exchanges now supports the mainnet VOL coin.
Operations and Community Development
1. The operation department have partnered with multiple exchanges to support mainnet VOL upgrade. Hence, the following exchanges currently supports mainnet coins trading HBTC, Matcha, Coinall, and MXC.
2. For the VOL (ERC-20), a series of Deposit and earn activities were done at the Matcha Exchange to encourage users to swap ERC20 VOL to Mainnet VOL.
3. Overseas telegram groups conducted airdrop and other promotional events to promote users activities.
4. The dynamic destruction mechanism (coin burn) has cumulatively destroyed about 652W VOLUME, you can confirm the actual VOL amount by visiting our black hole address (VOL-Z5ND-649B-RCYW-3AS7B) on https://volscan.

ABOUT VOLUME NETWORK

Volume Network is built by the former TRON co-founder and CTO Lucien Chen, committed for building a large-scale application of cryptocurrencies in real business society, is a base currency based on Hard Disk to explore the evolution path through the Time-Space Proof (PoST) consensus mechanism, using hard disk capacity for mining, VOL has the characteristics of green energy saving, environmental protection, anti-centralization, and dual-mining of other storage blockchain projects.

To learn more about Volume Network, please visit any of the following links below 👇
👉 Website: https://volumenetwork.io

👉 VOL Explorer/Wallet: https://volscan.io

👉 Twitter: https://twitter.com/VolumeNetwork_

👉 LinkedIn: https://www.linkedin.com/company/volume-network-foundation

👉 Telegram [Tech]: https://t.me/VolumeMiningGroup

👉 Telegram [EN]: https://t.me/VolumeNetworkio

👉 Telegram [TKY]: https://t.me/VolumeNetworkTurkey

👉 Telegram [INDIAN]: https://t.me/VolumeNetworkIndia

👉 Telegram [RUSSIAN]: https://t.me/VolumeNetworkRussia

👉 Facebook Page: https://www.facebook.com/VolumeNetwork👉
Facebook Group: https://www.facebook.com/groups/volumenetworkcommunity

👉 Medium: https://medium.com/@volumenetworkblockchain

👉 Uptrennd: https://www.uptrennd.com/user/volumenetwork