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DREP Bi-Weekly Report 4.01–4.15 | Optimized Smart Contract Execution in DREP Public Chain, Explored the Internal Risk-Control Mechanism of Financial Institutions Based on Blockchain

Dear DREP Community Members,

In the first half of April, DREP paid more attention to the optimization and update of DREP technical solutions.

In technology, continuous test and optimization in public chain, including fixing the failure of smart contract execution, repairing the problem that unpackaged transactions in the pool for a long time and cannot be discarded; In DREP mobile client, optimized the performance of DREP MINING, improved opening speed, submitted the final version of DREP mobile client iOS version, fixed the display issue of latest balance in cloud wallet.

In ecosystem, DREP Research Institute deeply analyzed how can blockchain technology optimize and enhance the internal risk-control mechanism of financial institutions, promoting its technological upgrades; DREP announced the completion of DREP Foundation Buyback & Lock Program 2020 Q1; DREP released its core technologies and products in well-known global forums, actively promoting brand building.

Technology Development

In technology, continuous test and optimization in public chain, including fixing the failure of smart contract execution, repairing the problem that transactions are not packaged in the transaction pool for a long time and cannot be discarded; In DREP mobile client, optimized the performance of DREP MINING, improved opening speed, submitted the final version of DREP mobile client iOS version, fixed the display issue of latest balance in cloud wallet.

Public Chain Development

1. Fixed the failure of smart contract execution.

2. Optimized contract command load, solved the failure of smart contract query.

3. Repaired the problem that transactions are not packaged in the transaction pool for a long time and cannot be discarded.

DREP Mobile Client Product Development

DREP Mobile Client

1. Optimized the performance of DREP MINING, improved opening speed.

2. Submitted the final version of DREP mobile client iOS version to App Store for approval.

3. Optimized the logic of saving invitation picture to make it easier.

4. Fixed some bugs in wallet import.

5. Modified the refresh logic of balance in homepage. The latest balance can be displayed without refreshing after the transaction in cloud wallet.

Ecosystem Development

In ecosystem, DREP Research Institute deeply analyzed how can blockchain technology optimize and enhance the internal risk-control mechanism of financial institutions, promoting its technological upgrades; DREP announced the completion of DREP Foundation Buyback & Lock Program 2020 Q1; DREP released its core technologies and products in well-known global forums, actively promoting brand building.

DREP Research Institute | How Can Blockchain Improve the Internal Risk-Control Mechanism of Financial Institutions?

As one of the most challenging innovations in the field of Fintech, blockchain has fundamentally overturned the inherent logic, operating mode and business scope of traditional finance. It breaks through the limitations of the innumerable rules and regulations, entering a totally new application field. Blockchain technology can effectively solve some long-standing problems in the internal risk-control of financial institutions, and it has proposed a new direction for the internal risk-control mechanism.

Announcement on DREP Foundation Buyback & Lock Program 2020 Q1

DREP Foundation had completed the Buyback & Lock Program scheduled for 2020 Q1 as of 31st March. Through this program, DREP Foundation had acquired a total of 158,705,180 DREP tokens from the open market. They will be transferred to a permanent lock up address visible to the public, and this batch of repurchased DREP tokens will no longer be in secondary market circulation. As a result of the buyback program, the market circulation has been reduced by 7.12%.

The lock-up address for the buyback program: 0x03AE3C6c9dc23923944A1268e75b69cC8A72352a

Lock-up Txid: 0x11881c34782fe5d3659b200070c4f6e6376128c978c21bcceb87b30cc7964f64

DREP Actively Promotes Brand Building in Global Communities

To further develop the brand building in overseas market and expand community members, DREP released relative contents in several well-known global crypto forums and actively answered netizens comments during 1st — 15th, April. It further deepens overseas netizens’ understanding of DREP technical products and applications. According to statistics, the views of these articles has reached 50,000 in the first half of April.

The above is the first DREP bi-weekly report in April 2020. Next, DREP will further promote the development of technology and ecosystem according to DREP roadmap, realizing more applications. Thanks for the attention and support of DREP community members, please stay tuned!

About DREP Foundation

DREP is committed to building “connectors” and “toolkits” based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID and DREP SDK, DApp R&D teams are able to release multi-public-chain asset versions, built-in wallets and asset trading platforms with one-click.

Reach us on social channels

Website — www.drep.org

Telegram — https://t.me/drep_foundation

Twitter — https://twitter.com/FoundationDrep

Reddit — www.reddit.com/user/DREP-FOUNDATION/

Medium — medium.com/@DREP_Foundation

Linkedln — www.linkedin.com/company/drep-foundation/

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