FAB Development Progress Update: May 3, 2018

The FAB Foundation provides technical updates related to the project every week.

Mining

Software Upgrade

The mining software upgrade(CUDA) has been updated on the official software website. CUDA significantly increases mining efficiency.

The Ubuntu version has been published in https://fabcoin.pro , (click: Runtime files > Fabcoin Ubuntu 16.04 (cuda build — Apr 30 2018) to download.

Instructions for use of Ubuntu 16.04 Nvidia with CUDA are also on the page.

Mining Difficulty

The difficulty of mining this week has been as high as 15 million degrees of difficulty. Community members can check the mining progress by logging in to https://fabexplorer.info. At https://fabexplorer.info you can view mining progress, search for trades, and search for blocks.

Mining Lock-In

There is no pre-mining period for the foundation chain network and it is directly open for public use and mining. During the first three months, the new currency generated by the mining will be locked for three months. During this period, it will not be transferred or traded. It will be automatically unlocked three months. The first wave of unlocking is expected to be in June (after listing.

The lock-in system is designed to protect the interests of investors and prevent a large number of sell-offs after the listing. The lockout system is temporary. The current block time is the same as Bitcoin. The Bitcoin maturity period is 100 blocks during that time while the FAB network speed is eight times that of Bitcoin, so it is 800 blocks for the allotted time. Any future coins will take less than one day to mature.

Receive Your Fabcoin

Fabcoins have begun to be issued in the official website last week have been completed before the end of the month. If you participated in the public sale and you haven’t received your Fabcoins yet, follow these steps:

  • Sign in to the account you purchased your Fabcoin with in the website https://fa.biz. When signed in, go to Account > Login Information
  • Complete your KYC/ check to see that your KYC is complete.
  • In your account, enter both your FAB wallet address (you can download your wallet at https://fabcoin.pro ) and your ETH wallet address in the relevant spaces. Update and save the addresses.
  • After 24 hours, you will see your specific refund address for refunding ERC20 tokens in your account.
  • Within 24 hours after the ERC20 token is returned, you will receive your Fabcoin.

Note: Please ensure that the address you provide is complete and correct.
The correct FAB Wallet address should start with the number 1 or 3.

MAC Wallet

The Mac OS version of the full-node wallet has now been developed. We will upload it by the end of the week so that you can download it from the help page of https://fabcoin.pro or from our Github https://www.github.com/blockchaingate/fabcoin.

Official Website Update

The official website is undergoing a large development process in parallel with our blockchain project. Last week, the official website underwent a basic temporary design upgrade. The official website construction will continue to involve a new upgraded design theme, UI improvements, applications and remodeling this week and next. The UI design of the homepage will be completed on Wednesday, after follow-up development and testing.

The design goals of the website are mainly to implement functions. The website will include functions such as web wallets and a decentralized exchange. These functions are expected to be announced in the second half of this year. By then, the blockchain will fully embody the functions of our entire system design, support large-scale transactions, and achieve truly decentralized exchanges using CCUA (Cross Chain Protocols).

Community Building

The development and marketing departments are building a “community activity website” to support community construction. The website will contain various instructions for using and downloading the FAB blockchain, precautions, and various types of resources, forums, and event updates.

Through this site, everyone can learn more about the FAB network and provide all of FAB Core’s construction needs. After the official development is completed, it will be formally announced to everyone for joint development and use. At that time, the entire community can participate in the construction of the FAB Core ecosystem. The mining poosl, programmers, and other interested friends are welcome to participate in the development. The site is expected to be completed and put into community use within the next two weeks.

Project Cooperation

The FAB Foundation has now begun the formal expansion of the developer community and has jointly began developing projects and applications with independent developers. The currently signed partnerships involve five industries including supply chain, manufacturing, healthcare, payment systems, and exchanges. We will assist in the technical development in cooperation with the projects. At the same time, there are three major worldwide corporations that we are in discussions with to partner on application building. We will officially announce these important partnerships when officially signed and appropriate.

The Force

The first hard fork of the Foundation Chain is “The Force”. The Force will inherit all the data on the chain and have SCAR, KanBan and CCUA functions. Not only can we implement rapid transactions, but we can also implement cross-chain operation functions and have a basically complete application development framework.


https://fa.biz

The Fabcoin and Doxygen documentation are available at fabcoin.pro.

The source code has also been published on the Github website. You can visit https://github.com/blockchaingate/fabcoin to view it.

Interested programmers are welcome to participate in the development and testing work.

Telegram Chinese group: https://t.me/Fabcn
Telegram English Group: https://t.me/fabtoken 
Facebook: https://www.facebook.com/FABcoin2017/
Youtube: Fab Coin Info
Twitter: https://twitter.com/FAB_coin
Medium: https://medium.com/@FABBlockchain
Github: https://github.com/blockchaingate/fabcoin