CVN Blockchain
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CVN Blockchain

CVN Weekly Report_Mar_the second week_2021

Technological Progress

Till Mar. 14, the development of the mainchain is below:

  1. Code has been submitted 50 times, with the main accomplishments of file contract data analysis and contract call interface definition.
  2. The functions of fast file retrieval and resumable uploading have been completed.
  3. The file data space organization has been completed.
  4. The transaction record on the block browser has been updated.

Till Mar 14, the development of RR dVod has come to an end, and version 2.0 is currently being designed and structured. The 1.0 public beta version will be released at a scheduled time for users to use.

Project Activities

1. On March 9, the upgraded CVNT token which was switched to the CVN was launched on the Huobi and MXC Matcha trading platforms. CVNT new economic model after the “token swap” upgrade this time introduces capital, absorbs multiple resources, and forms a more flexible mechanism. As the first project in the world to introduce the traditional financial “increasing capital and expanding shares” method for “coin swap” upgrade, its brand-new economic model has laid a solid foundation for the evolution of CVNT to Web3.0. The capital strength and strong pull, value capture and decentralization are two breakthrough advantages of CVNT’s new economic model. CVNT pioneered the VRF+DAO consensus algorithm, which merges the consensus of DAO’s community governance and chaining mechanism into the consensus, and truly realizes the operation of the entire project in a decentralized manner. It solves the problem of the high degree of decentralization of most public chains on the market and marks the official landing of blockchain Web3.0.

Since then, CVNT will also cooperate with Huobi and MXC to promote more related activities, bringing continuous fresh event experience to all CVNT investors.

2. On Mar 8, CVNT published an article “The upgraded CVNT: the first currency of Web3.0”. According to the official announcement, CVNT will be exchanged according to “old currency: new currency = 200:1”. Through this switch and upgrade, CVNT has completed the conversion from ERC 20 equity tokens to public chain native tokens, and has higher independence and autonomy. At the same time, through the concerted efforts of global technical personnel, CVNT has also made breakthrough progress on the landing of Web3.0, and completed the new upgrade of VRF consensus algorithm + DAO governance + decentralized storage + scenario application platform. As the real decentralized practice, VRF+DAO breaks through the difficult problem of blockchain Web3.0 landing; With superimposed on PoSt, CVNT’s decentralized storage not only supports the traditional HTTP file transfer interface, it also supports the IPFS file transfer protocol. In the future, it will work with Filecoin to support a more decentralized IPFS; Scenario application platform completes the BaaS developer platform and independently develops a decentralized video content distribution platform and player lifecloud based on the RR dVod. On this basis, a personal privacy data storage management system DID (application) that conforms to the first principle and meets the just needs of ordinary Internet users is derived. CVNT has set an example of timely change for many blockchain projects, creating a new beginning for web3.0 content sharing and public chain storage. For more details:

https://t.co/7hHhhtcKnw?amp=1

3. On Mar 8, Defiking, CVN and BICC blessed all ecological partners, users and communities Happy Women’s Day!

5. After the completion of the CVNT mainnet mapping switch, Bicc.Pro has canceled the DAO community’s transaction authorization restrictions on CVNT to improve the user’s transaction experience. For more details:

https://www.bicc.pro/zh_CN/noticeInfo/51

Operational Progress

The growth of the communities:

Welcome to follow and connect us through the following channels:

Website: cvn.io

GitHub:github.com/CryptoWorldChain

Twitter: https://twitter.com/CVN_Blockchain

Telegram: https://t.me/CWVCommunity

Medium:https://medium.com/cwv-blockchain

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