Bytom Weekly Report (2020. 12. 7–12. 11)

BYTOM BLOCKCHAIN
Dec 11, 2020 · 4 min read

Project Development

Bytom CTO James elaborated on Bytom’s plan for 2021

On December 6, at the sub-forum of “Believe in the Future-2020 World Blockchain Conference” Bytom CTO James delivered a keynote speech for “Bytom 2021 Roadmap” , Elaborated the plan of Bytom Chain in 2021.
He said that lending and stablecoins are the most critical piece of the MOV ecosystem. Among them, lending will be launched in January next year. In terms of MOV lending, smart contracts are used to achieve decentralized lending in the staking model, and multiple oracles are used to ensure security. Clearing on the risk control chain, supporting Bytom chain native assets such as BTM and SUP and cross-chain assets such as BTC, ETH, LTC, USDT, etc., lending gateway brings DeFi to all “conservative” public chains; in terms of stable coins, through smart contracts Realize blockchain native staking to generate stable coin, support traditional Bytom native assets and gateway cross-chain assets, support SuperTx and loaned LP Token and other low-liquidity assets, stable coin gateway cross-chain, external MOV output Ecosystem He also pointed out that technically, the Bytom main chain will support the open access of Vapor side chain applications. The upgrade of the Vapor side chain solves the problem of historical data expansion and launches the first DApp development tool stack based on the UTXO model. In terms of industry standards and product services, Bytom will promote IEEE’s multi-chain key management standard, and the multi-signature threshold asset management system will also be commercially available.

Bytom’s CEO Lang Yu was invited to participate in the roundtable discussion of <DeFi DAO Live>

On December 6, “Believe in the future-2020 World Blockchain Conference ” , Bytom’s CEO Lang Yu was invited to participate in the theme “DeFi’s DAO. In the roundtable discussion, Lang Yu explained his views on the current hot issues of DeFi.

The Bystack blockchain station based on Kunpeng architecture is officially released!

On the afternoon of December 6th, at the “Greater Wuhan, Big Opportunity-Wuhan Blockchain Scene Docking Conference” of “Believe in the Future-2020 World Blockchain Conference Wuhan”, Miao Zengyu, the project manager of SuperNode Technology Co., Ltd., introduced Bystack industry applications and solutions

SUP is listed on CoinGecko

On December 9, the MOV SuperTx governance token SUP was officially listed on the CoinGecko. CoinGecko has been operating since early 2014 and is currently one of the largest and earliest cryptocurrency data aggregation companies.

SUP Governance Community Proposal <15> has been voted on, and the estimated development time is three weeks

On December 7th, the SUP community passed the proposal of a fee reduction or exemption for holding SUP with a vote of 17013.94 (68.95%): 7663.09 (31.05%).
The SuperTx development team evaluated the development work required for the proposal. It is estimated that it will take three weeks of development time. The development work will be carried out after the implementation of the proposal to open coin listing rights to community.

Dev Report

MOV

1. Realize APIs such as build-deposit, submit-deposit, build-withdrawal for loan and deposit;

2. Completed the codes related to the loan auction;

3. Implement the page UI of the Lending;

4. Realize the auction splitting module, lending to auction registration module, and auction settlement module;

5.Lending BApp routing design, component design, project structure;

6. Maintain and modify the code of the NEXUS interface to maintain the normal operation of the code;

7. Modified the log cleanup script and added SuperTx log cleanup to make the system more secure;

8. Add a mechanism for checking transactions to be signed to improve the security of flashSwap market makers when using services;

9. Complete the functional framework construction and business rules formulation of the main chain IDO(intial DEX offering) products;

10. Update the UI of some pages in the center of the MOV document (theme creation, detail page UI, general header);

11. Update the BApp framework, rewrite the code subcontracting and cache strategy, add support for code routing segmentation, add support for multi-application CDN cache sharing, add pre-commit hook to force code specification verification, update prettier and eslint rules;

12. Rewrite the Icon component to replace the ant-design icons component and use svg icons to reduce the packaging volume;

13. Superconducting data center adds RPC for exchange statistics, and adds regular statistical tasks;

14. Add the USD price query interface for superconducting assets;

15. Add the historical liquidity query interface of the superconducting pool;

16. Update historical transaction, deposit and retrieval interfaces, and add address fields;

17. Add exchange statistics query interface.

MOV platform data

In the past 7 days, the number of transactions on the MOV reached 728,986 the number of active addresses reached 6,792, and the transaction amount reached $12,338,524.94

Activity

1, Join Bycoin partnership share permanent dividends

MOV, as the next generation decentralized cross-chain exchange protocol, after the continuous launch of the “cross-chain gift package” and “the first MOV on-chain trading competition” activities, the cross-in assets were nearly 5.71 million dollars, and the on-chain trading volume also increased linearly. In order to promote the further development of MOV’s ecology and share the revenue to community fans, Bytom officially launched the “Bycoin Partnership, Make the Future” Community Partner Program on May 11, 2020.

To thank the community users for their continuous support, the Bycoin team extends the partner program from limited time to permanent. From August 11, 2020, all partners will receive a permanent dividend equal to 10% of the trading fee, of which the first-level 8% of the fee and the second-level 2% of the trading fee. There is no deadline and no upper limit for dividends.

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