DREP Half-year Progress Report | A Fruitful Past, A Promising Future
What’s Past is Prologue
2019, as a transitional period, is witnessing rapid changes in the blockchain space as more stakeholders join in. This not only leads to industry reshuffle but brings more players and voices on board. As Blockchain becomes more known by the public, DREP stands out with the mission of building “connectors” and “toolkits” on blockchain. With that in mind, DREP relentlessly develops technologies that are accessible and user-friendly and provides solutions that are customized and frictionless in a way to help partners and fellow developers utilizing blockchain technology within their own domains.
Although blockchain space is constantly changing, DREP always holds that data-interoperability, accessibility and user experience are the core values of blockchain technology. So when we embrace these values and work in the direction, we believe this would certainly yield good results in the end. In 2019, the rise of many buzzwords coincides with the key concepts of DREP, for example, DeFi, Staking, and Cross-chain, proving that the technical framework built by DREP is forward-looking. In addition to improving and adapting to trending technologies, DREP also innovatively and independently develops its own products, such as Smart Pipeline, DREP SDK, etc. These applications, without doubt, would help DREP and its partners bear fruits in the product deliveries.
DREP Half-year Review — A Fruitful Past
Part One: Development Progress
- Evolution | DREP Testnet 1.0 Darwin Launched
201-day witnesses DREP tech team completed more than 1000 code submissions, fixed 34 bugs and improved 12 technology points. Then DREP Testnet 1.0 was released and officially opened source to the public.
The key technical breakthroughs for DREP Testnet 1.0 Darwin are as follows:
① Hook Technology : scalability would no longer limit mass adoption
② Reputation System and POR (Proof of Reputation): an incentive system that allows the redistribution of digital assets
③ Account Privacy Model: providing a new set of decentralized ID (DID) system to protect privacy
④ Customization: the parameters of DREP sub-chains could be easily customized according to their own needs, including block timing, gas, etc.
⑤ Smart Contract: reputation-based Smart Contracts are compatible with Ethereum Smart Contracts (EVM) and capable of lowering the threshold of technical usage and cost of learning
2. The Breaking Point | DREP Testnet 2.0 Riemann Launched
DREP Testnet 2.0 Riemann, evolved from DREP Testnet 1.0, optimizes a number of components including Client and Wallet in application side, Smart Pipeline technology enhanced from Hook, APIs and Plug-ins used by developers, making DREP the next-generation of “connector” and “toolkit” on blockchain.
An Overview of Functions in DREP Testnet 2.0 Riemann:
① Smart Pipeline: DREP, based on Hook, innovatively created Smart Pipeline, which is capable of data processing in batches and active calling.
② DREP ID System: DREP ID, serving as users’ “second identity”, is able to manage a large number of scattered addresses and accounts through DREP ID, connecting various digital assets.
③ DREP Client: DREP Client, the carrier of DREP ID, not only connects with corresponding Wallets at present, but also with DREP tradition platform partners and DApp platforms in the future to form an interconnected DREP ecosystem.
④ DREP Wallet: DREP currently supports BTC, ETH, DREP and other cryptocurrencies, and would continue to add more cryptocurrencies in the future. Under this circumstance, DREP manages to support multiple Wallets using the same currency.
⑤ DREP API and DREP Plug-in: DREP provides a multitude of API, Plug-in and many other development tools to facilitate traditional platforms integrating with blockchain, which greatly lowers the threshold for mass learning and using, and effectively links blockchain with real economy.
3. The Eternal Method | DREP Testnet 3.0 Euler Launched
DREP Testnet 3.0 Euler was launched on May 31, aiming at accelerating enterprise blockchain adoption and lowering the threshold for technology integration. DREP Testnet 3.0 Euler, evolved from DREP Testnet 2.0 Riemann, optimizes a number of components including P2P module, transaction pool module, node synchronization and transaction query. The 3.0 version also adds address alias feature, making DREP Chain more user-oriented and easy-to-use.
Optimized features in DREP Testnet 3.0 Euler include:
① Optimization for P2P module: improves the stability and efficiency of the outbound nodes within the network, and enhances the security for the entire network.
② Optimization of transactions/data block query for historical data: improves read and write speeds from 10 transaction data per second to 10,000.
③ Optimization of the transaction signature verification process: greatly increases TPS in the main chain. Previously, TPS for one single main chain was 1000, and now it could reach 6000 TPS.
④ Add golang to the Client, and use http to connect with the server: provides more options for exchanges to release free trial and official launch, and facilitates third-party developers to build platforms by using DREP source code.
⑤ Optimization for transaction pool: the read-write separation method is adopted so that the speed of receiving data in the transaction pool would not be constrained.
⑥ Optimization for node synchronization: the new node would only synchronize data to one full node, optimizing synchronization and increasing efficiency.
4. DREP Development Roadmap
So far, DREP has completed DREP Testnet 3.0 and is preparing for the launch of Testnet 4.0 and DREP Mainnet. The following is DREP development roadmap.
Part Two: Business Cooperation
- Daniel Wang, COO at Riot China (The Birthplace of League of Legends), Joined DREP as Gaming Ecosystem Advisor
Mr. Wang joined Riot Games in 2011 and is currently serving as Chief Operating Officer at Riot Games China. Mr. Wang, a professional with many years of experience in the gaming industry, holds positive outlook for blockchain technology and its ability to innovate and empower traditional gaming industry, and DREP’s capability in blockchain gaming R&D.
As DREP Gaming Ecosystem Advisor, Daniel plays an important role in expanding DREP gaming ecosystem, promoting the integration of DREP Game SDK in top games and increasing the adoption of this product solution.
2. DREP Joined DIF along with Microsoft, IBM, Accenture to Exploring DID Development
DREP was invited to the Decentralized Identity Foundation (DIF) which was established to promote interoperability and standardization of blockchain-based ID system. So far, Microsoft, IBM, Accenture and many other leading corporations have joined this organization.
DREP is highly recognized by the Foundation for its commercial deployments in the Middle East and Australia, and also the features of decentralization, auto-management, privacy protection, security and easy-of-use within DREP DID system. The Foundation would utilize the innovations and products of DREP to improve users’ experience in DID system and lower the barrier of using blockchain technology in different industries.
3. CryptoDiffer Updated the Cooperation between DREP and Yeeyi, the Largest O2O Platform in Australia
On May 13, CryptoDiffer, a leading blockchain media, updates the partnership details between DREP and Yeeyi, which traces back to 2018. At that time, Forbes also featured this partnership and expressed an optimistic outlook for enterprise blockchain adoption, exemplified by DREP and Yeeyi. This time, CryptoDiffer reports the cooperation progress, especially the blockchain tools DREP would deploy to facilitate the development of Yeeyi, such as DREP SDK, DREP reputation system and DREP ID system.
4. DREP Reached In-depth Strategic Partnership with BlockVC, a Top Blockchain Venture Capital Firm
It is acknowledged that BlockVC has a deep understanding of FinTech and a good reputation from investment vision to post-investment consultation. The DREP team chose to reach an in-depth cooperation with BlockVC out of two considerations: on the one hand, it could reach a brand strategy synergy with BlockVC, jointly improve the blockchain infrastructure and march into the emerging markets; on the other hand, DREP would fully utilize BlockVC’s investment incubation and asset management services to support DREP ecosystem.
5. DREP Partnered with Chinese top Gaming Incubator Tuoluo to Build Killer Games
On March 14, DREP announced strategic partnership with Youxituoluo.com, which focuses on mobile games development and incubation. As a top gaming company, Youxituoluo has provided services to more than 3,000 gaming companies, attracting a large number of game developers and players.
With DREP SDK, Youxituoluo is able to provide their gaming enterprises with more convenient account system, payment system and operation system, thereby seamlessly educating players to use blockchain games and enriching the gaming ecosystems of both parties.
6. DREP Partnered with Gamebank to Build Seamless Gaming on Blockchain
GameBank boasts a public chain designed for gaming industry. It aims to provide decentralized blockchain services and build a comprehensive ecosystem for the gaming industry. So far, there are over 100 games available on this platform.
By working with DREP, users on GameBank are able to trade assets across different gaming platforms with the built-in payment and transaction engine, further optimizing users’ experience in terms of digital asset trading. At the same time, game developers within GameBank are able to launch presale by using DREP, realizing games on chain for mass adoption.
7. GameFarmer Integrates DREP SDK into More Gaming Ecosystems
GameFarmer is a blockchain gaming developer dedicated to the mass adoption of blockchain gaming. Through the cooperation with GameFarmer, DREP SDK would be integrated into more gaming ecosystems, giving more values to virtual assets and connecting more game players. This would further accelerate the development of blockchain gaming system and community, offering an inventive to incubate more high-quality blockchain games.
Part Three: Marketing Activities
- DREP IEO on Gate.io Exceeded the IEO Hard Cap by 22.6 Times
On April 25, DREP listed on Gate.io Startup. A total of 32,923 participants joined this event and sent about 115M GT tokens with an oversubscription rate of 22.6 times.
2. DREP Listed on BitMax.io
On May 21, DREP got listed on Bitmax.io. Right before listing, there’s an exchange listing AMA co-hosted by Xiaolong, DREP co-founder and Dr. George Cao, CEO of BitMax.io. During this AMA, the two experts answered questions related to exchange listing strategy, current market conditions, the IEO craze and the future plans of DREP, serving as a boost to investors’ confidence.
3. DREP is Accepted by More Exchanges
Apart from Gate.io，Bitmax.io, DREP is also available on BitForex.com，CoinW.com，Hotbit.io and Bilaxy.io, showing the increasing popularity of DREP among the crypto space and its position as a high-caliber project. As DREP is striving for new exchanges, the road ahead is promising.
Part Four: Community Building
- Github AMA with DREP Lead Developer, Eric
DREP Lead Developer Eric has many well-known open-source projects in Github before joining DREP, among which two projects stand out with over 1,400 and 960 followers respectively and being cited more than 100 times each. It is noteworthy that many of Eric’s followers are tech savvies from Tencent and Alibaba, two giant tech companies in China. In this AMA, Eric answered questions from community members about DREP tech development and its strength comparing with other projects. Many participants were impressed by his command of technical knowledge and humorous remarks.
2. DREP Received Rating Upgrade from Top Rating Agency ICODrops as High Interest
The DREP team is expanding to English, Korean, Japanese, Russian, Chinese, Indian and other major markets, and striving to build a strong brand identity in these regions. Moreover, with the concerted efforts of community members in different markets, many well-known media and agencies have granted DREP high ratings and evaluations so far. ICODrops, the biggest IC0 rating & analytics platform gave DREP the “High Interest” rating after DREP successfully launched its Testnet 3.0 Euler recently.
3. DREP Testnet TPS Performance
From the first day of registration on December 23, the participants’ enthusiasm far exceeded the expectations. And by the end of the event deadline on January 7, more than 8,000 users from around the globe participated. Apart from rewarding winners, such a high TPS peak also sparked a heated discussion about the performance of DREP Testnet. Although TPS does not directly prove whether a public chain is excellent or not, it indicates that DREP has the capacity to fulfill the vision of building a high-quality ecosystem on chain with Testnet 1.0 Darwin achieving such incredible TPS.
4. DREP Launched a Lucky Draw as DREP SDK Garnering Increasing Attention from Gaming Industry
DREP SDK has been attracting more attention in the gaming industry as Daniel Wang, COO at Riot China joined DREP as Gaming Ecosystem Advisor. With the successful onboarding of Daniel, it is anticipated that more adoption of DREP SDK would be achieved. To this, DREP specially launched a Lucky Draw event and gave back to the community members. Altogether, this event attracted more than a thousand community members from more than 30 countries.
5. DREP Launched Games of D.R.E.P to Give back to Global Supporters
As more new members and supports joining DREP globally, DREP launched the Games of D.R.E.P with 1 million DREP giveaway. During this three-day event, 321 members from Chinese, English, Korean and Russian community participated with a total of 380 million DREP engaged (the current circulation supply of DREP is 1.7 billion). After fierce competition, team D and team R won this 1 million award together.
DREP’s Outlook for the Second-half of 2019 — A Promising Future
The second half of 2019, without doubt, is going to be a prime time for the development of DREP in terms of marketing, tech and ecosystem expansion.
First and foremost, we will continue to build DREP Mainnet, and perform sufficient testing before launching it so as to make sure the Mainnet is well-equipped and stable. At the same time, we will also optimize related facilities like DREP Wallet and DREP Browser to make them more convenient and accessible for users. After that, we will focus on work that related to DREP Mainnet. Other than maintaining, upgrading the Mainnet on a regular basis, we plan to release commercial applications and blockchain games on the Mainnet. In this way, more commercial DAPPs would be developed, and further achieving brand building objectives of DREP.
As a connector, DREP always lives up to the mission to increase enterprise blockchain adoption by attracting developers from all walks of life to build blockchain protocols, applications and ecosystems based on DREP Chain. Besides, DREP, as a toolkit, has launched DREP ID, DREP SDK and other applications for partners and fellow developers to utilize. With the support of DREP technologies, developers are capable of customizing their own blockchain services, and further remodeling industries like gaming, finance and supply chain and setting standards for industries accordingly.
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/
