CoinXP Newsletter Sep 23 — Oct 10
Test-net Launched | Partnership | Business Development
Partnership Alliance
With public-chain, Exchange and more….
CoinXP reached a strategic partnership with UDAP, the blockchain “middleware”, and two parties will empower each other to connect the existing Internet world with the crypto world. (See Twitter Announcement, and Media Announcement )
UDAP is a “middleware” in the blockchain era to tokenize everything. It provides blockchain application developers with a stable but abstract blockchain-based asset lifecycle management, modules of transaction and search, and application development API. At the same time, it is also the first project in the world to propose the use of middleware to enhance the blockchain protocol layer, so as to build a service layer oriented to the asset domain on the blockchain, connect the blockchain application upwards, and connect the underlying blockchain downwards. Enable application developers to publish, transfer, and trade virtual and physical assets more quickly and securely.
The alliance between UDAP and CoinXP is just right. On the one hand, UDAP equipped with CoinXP will broaden the business and ecology of UDAP and quickly enter the critical digital currency exchange field and play an important role. On the other hand, for CoinXP, by grafting UDAP middleware, it can greatly improve the operation and carrying capacity of the underlying public chain, optimize performance, and realize the robust thickening function of the blockchain protocol layer. The application developer of the exchange only needs to have enough knowledge and understand its business logic and user experience. In the process of developing Dapp, the state channel and thick-layer protocol of UDAP can be directly superimposed, which can greatly reduce the development difficulty and eliminate the need to repeat. The work enables more R&D personnel to participate and realize their own Dapp development quickly and at low cost. At the same time, UDAP can also help CoinXP to “transfer” the transaction record and quotation system to the chain.
In addition, both UDAP and CoinXP have a strong technical executive team and solid development capability of the project. Both parties are working towards a consistent goal to achieve a fair, transparent and secure asset custody, transactions and settlement based on blockchain technology. Provide technical endorsements for the entire trading scene, enhance investors’ trust in the exchange and confidence in the entire industry; also provide exchanges with cross-chain match engine so that maximize market liquidity and transaction depth, therefore to reduce exchange operations cost. The significant reduce of users’ cost of the transaction enables the parties involved in the ecology to have sufficient revenue and motivation to maintain a sustainable development of the entire ecosystem.
Test-net Launched
demo.coinxp.io
After our Proof of Concept from Feb. to May and internal testnet from Aug. to Sep., our engineering team officially launched testnet with block producers spread across North America and Asian Pacific Regions. The first batch of testers would be professionals, partners and community members. And since Oct 10th when we first released to our investors, we have received positive feedback and kind suggestions for the improvement, and any suggestion being received by our engineering team would gain 30,000 CXP tokens as rewards.
Built with Delegated Proof of Stake (DPoS) and specifically optimized for multi-threading, CoinXP testnet is able to process thousands of transactions per second (Tps). Apart from the official testnet, CoinXP also developed public Application Programing Interfaces (APIs) for exchanges and Decentralized Application (DApp) developers. As a proof of concept, two web exchanges were developed. The demo web exchanges demonstrate the core trading functionalities that can be built with the CoinXP public APIs. (See the demo to demonstrate transactions between two users from two exchanges)
Along with the official testnet, CoinXP team also launched CoinXP blockchain explorer that provides real-time insights into the raw transactions being executed in CoinXP testnet. Internally, CoinXP also incorporated Sumo Logic (a cloud-native machine data analytics service for log management and time series metrics) for real time monitoring, troubleshooting, and alerting. Finally, the CoinXP DevOps team is also in the process of integrating haproxy, fail2ban and patroneos to enhance the security of CoinXP infrastructure. With these measures, CoinXP is building its own application firewall that protects its infrastructure from attackers who target the underlying blockchain technology.
For more info about testnet launch and testers recruitment, please find details on our Medium . Click here to join.
Academic Study
By Wuwei LIANG
This week, we studied an important feature of the Ethereum’s highly expected Metropolis release: Account Abstraction. This feature aims to unify the current two distinct account types: external accounts and contract accounts. It makes the logic controlling external accounts as flexible as contract account. It’s expected to significantly improve Ethereum accounts’ security and flexibility at the same time.
Meetups
26 Sep Beijing meetup at Neutrino Beijing Space
27 Sep Shanghai meetp at Shanghai Neutrino Space
2 Oct CEO Mars Open Class
Upcoming Meetups
15 Oct Hanghzou Xihu forum
Pending date CoinXP Test-net launch Meetup
Biz Development
CoinXP is a distributed platform for next generation crypto-currency exchanges. Any organizations and individuals can establish a decentralized exchange instantaneously with the solution provided by CoinXP.
With ledger books, order books and order settlement on blockchain, CoinXP aims to build a secure, transparent and trustworthy exchange ecosystem, which meets the requirements of investors and provides strong technical endorsement for exchanges. Meanwhile, the aggregated order books and the cross-exchange match engine in CoinXP chain connect all exchanges in the ecosystem and allow them to share market liquidity, which greatly reduce the cost of individual investors.
We are open to accept exchanges, Dapps, crypto investment KOLs and projects to enquire about our solution and fill out the application below.
