GAINS Associates
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GAINS Associates

ThunderCore — Telegram QUIZ & AMA — May 4

On Monday, May 4, we had the pleasure to welcome to our Telegram chat:

Darla Huang, Product Director of ThunderCore

We asked her questions about the development of ThunderCore, currently ranked 129 on Coinmarketcap.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

In this AMA, Darla Huang, Product Director of ThunderCore joined the GAINS community to tell us about the project.

ThunderCore is an EVM-compatible public blockchain that offers higher throughput, faster confirmation times, and lower costs to make it quick and easy for DApps to deploy and scale.

ThunderCore’s mainnet has been online since early 2019 and has never had a security breach thanks to its PaLa consensus algorithm that has rigorous mathematical proofs of correctness.

ThunderCore’s main use cases are data storage service, smart contracts, and decentralized finance (DeFi).

Recently, ThunderCore has attracted more than 80k users through its mining events, for a total of more than 300 million TT tokens and 1 million USDT deposited.

ThunderCore is also launching a blockchain incubator.

Introduction

Q — Alexandre R from GAINS: Can you tell us what you did before crypto, how you got into crypto, and if you’ve had any other venture in crypto previous to being involved with ThunderCore?

A — Darla Huang from Thundercore: Before I got into crypto, I worked in the Media industry for quite a while. The reason why blockchain drew my attention is that I had a chance to talk to a vendor in Hong Kong who used blockchain as a solution to solve digital advertising problems while I had worked in Hearst media.

I joined ThunderCore in 2018 and have worked on the platform product side with my beloved and talented team ever since. I used to be the co-director of Ladies that UX (Taipei society) which is one of the local groups based in cities worldwide. I believe in the new-booming blockchain services. Improvement of user experience is one of the sectors that I can contribute to.

Darla Huang, Product Director of ThunderCore

Q — Alexandre R from GAINS: Can you tell us what your role is at ThunderCore and what the project is about in a few simple sentences?

A — Darla Huang from Thundercore: I am Product Director of ThunderCore, focusing on platform products including our native wallet — ThunderCore Hub, blockchain explorer — ThunderScan, ThunderCore DeFi services such as TT-mining, Stablecoin Bridge and Data on Chain mechanism.

Also, I will search for strategic partners who can provide alternatives for product innovations that help us reinforce our blockchain ecology.

ThunderCore is committed to building a public blockchain platform that is fast, scalable, and secure. Made possible by years of rigorous academic research, ThunderCore is an EVM-compatible public blockchain that offers higher throughput, faster confirmation times, and lower costs to make it quick and easy for DApps to deploy and scale.

Product

Q — Twitter user @jazieph: After the recent hacks on Vechain, IOTA, and Steem, how do you provide better and good security to the project? And how can Thunder Protocol protect its users from hackers?

A — Darla Huang from Thundercore: This is one of the good questions about blockchain security.

Our mainnet has been live since early 2019, the market cap of ThunderCore currently exceeds 30M USD, but we’ve never had a security breach. Here’s how we do it:

  1. Our PaLa consensus algorithm has rigorous mathematical proofs of correctness

2. We follow standard security practices such as using smart contracts, threshold signatures and cold wallets for fund protection

In short, we use proven security designs for our systems, and we execute them faithfully.

For further details, you can check our white paper here.

Q — Twitter user @davidrebahan: For the Record, You have attracted 67,000 mining users and 300 million TT Tokens mining holding in the Recent Mining Event.

How did you do it? What strategy did you apply to achieve such a feat?

A — Darla Huang from Thundercore: TT-mining V3 is based on the upgrade version from V1 and V2. In V1 and V2, we implemented the mining mechanism and referral system which were very popular within our target audience. We find that there is more and more usage of our TT-20 stable coin in ThunderCore Hub recently which gave us an idea to include stable coin-mining into TT mining V3.

The Thundercore mining event, which is very successful

Hold your TT and USDT in their app using this link to get even better returns!

Q — Telegram user А: Thundercore is the best platform to store data, how secure is Thundercore platform?

A — Annie Chen from Thundercore: Our mainnet has been live since early 2019, the market cap of ThunderCore currently exceeds 30M USD, but we’ve never had a security breach. Here’s how we do it:

1. Our PaLa consensus algorithm has rigorous mathematical proofs of correctness

2. We follow standard security practices such as using smart contracts, threshold signatures and cold wallets for fund protection

In short, we use proven security designs for our systems, and we execute them faithfully.

Q — Telegram user Oluap 23: What is PaLa and how does it differ from Proof of Stake (PoS)?

A — Darla Huang from Thundercore: Pala is based on PoS, but is more simple and has rigorous academic mathematical-proven.

Q — Telegram user Cardo Dalisay: How does ThunderCore realize the true value of the public chain?

Can you share some specific cases with us?

A — Darla Huang from Thundercore: We categorize some use cases on our official website including 1. data storage service 2. smart contract 3. Defi. For data storage, some of our partners such as “Taipei gives” have implemented the public policy opinion survey platform with ThunderCore. Due to blockchain technology “open, transparent, non-tamperable”, voting records are hard to be tampered with. ThunderCore maintains its security and credibility through the data on the ThunderCore chain. Not only for the voting case, real-world usage in logistics, or supply chain industry where tasks involve a lot of documentation are also good fits for ThunderCore.

Q — Telegram user Alejandro Urich: I thought 2 seconds was the fastest I had ever seen. But ThunderCore has confirmations in just 1 second and 4000 TPS! How is that possible? How does ThunderCore work?

What is ThunderCore 101 and why is this PoS based consensus the choice for you? What advantages does it offer?

A — Roger Hsu from Thundercore: Our confirmations speed and TPS come from our consensus protocol PaLa.

The full details of the PaLa protocol are readily available in the PaLa research paper.

A few related medium posts here and here.

Q — Telegram user AMA ANNOUNCEMENT: Where does ThunderCore get profit from running the project?

What are the features that distinguish ThunderCore from other similar applications?

A — J. from Thundercore: 1. Work with the local GOV department.

2. Partner with an existing service provider, such as an e-commerce platform.

3. ThunderCore is faster and cheaper than similar applications.

Token

Q — Telegram user Sunny Bright: So, are you guys ThunderCore or Thunder Token? What gives?

A — Darla Huang from Thundercore: Thunder Token is the native currency of an independent public blockchain, ThunderCore.

ThunderCore is an Ethereum Virtual Machine (EVM) compliant blockchain. Tokens based on the ERC-20 standard can be minted and deployed on ThunderCore.

Q — Telegram user Rsty: Can you tell us some use cases of TT token In real Life? Where can I implement use cases in real life?

A — Annie Chen from Thundercore: We can use $TT to pay for Era VPN, Here is an example.

Q — Telegram user Kai @23: What is the function of TT token in the @ThunderProtocol ecosystem. How do we get a reward by holding TT, do you have a staking or mining program?

A — Darla Huang from Thundercore: We do have a staking program. Actually, we will have a new staking service soon called “Supernode” Please stay tuned to our official announcement.

Business Development

Q — Twitter user @davidrebahan: As a DApps developer, why should I choose Thunder Protocol? What features and benefits do you offer developers?

A — Darla Huang from Thundercore: We have recently reached strategic cooperation with StakeZero, a top European investment institution, to set up an En [code] TT club. TT club will be the incubator of blockchain projects, providing business opportunities for blockchain enthusiasts, especially students, and supporting the ecological construction of TT projects. The team approved to join the club will be supported by a £ 4000 TT token project incubation fund.

ThunderCore will provide development support for members, help products better meet the market, and help to raise more investment.

For more details you could find in our Medium post.

Medium post URL right here.

Q — Telegram Anza: What are the achievements that have been obtained by ThunderCore in 2020? And what goals do you want to achieve in 2020?

A — J. from Thundercore: — PaLa R1 Mainnet upgrade

- Cross-chain Defi applications

- Hardware wallet support improvements

- ThunderCore EVM feature update

- Developer tool and library enhancement

- Proof-of-Stake design release

You can also check our Roadmap.

Q — Telegram user Amazing: On moving forward through your roadmap, what are your most important next priorities? Does the ThunderCore team have enough fundamentals ( Funds, Community, etc ) to achieve those milestones?

A — Darla Huang from Thundercore: Our next stage is Pala R2. It will be released soon. We are confident that we can reach our next few milestones of course. I think our team did a good job in Q1 and Q2.

Q — Telegram user John: What are the plans to make the Thundercore platform popular? And what companies are you partnered with or seeking to partner with in the future?

A — Annie Chen from Thundercore: We are building the self-enhanced positive cycle including users, developers, and us. With our mining events, we attracted more than 80k users with TT with us, as you know, more than 300M TT and 1M USDT in our hub. It is a great opportunity to build dapps on our platform for developers.

For the partnership, we partner with many platforms to attract users and developers, such as dapp radar and dapp birds.

Darla and the ThunderCore team, thank you so much for coming to our group today and telling us about your project. The concept is simple: a public blockchain platform that is fast, scalable, and secure.

What makes it interesting is your world-class team that has coded the PaLa consensus algorithm which has rigorous mathematical proofs of correctness. It’s also fully compatible with Ethereum Smart Contracts and you’ve reached 4,000+ TPS!

You claim the PaLa consensus is simpler and faster than any other consensus algorithm including Hotstuff, Tendermint, FBFT, and FBA, which is very impressive.

Join the exciting mining event with our referral link, we both get more tokens.

Alexandre R from GAINS

Is your question still not answered?

Please get in touch with our team at the Discord channel, Telegram channel, and support channel.

We are so surprised that there are so many good questions today.

Darla Huang from Thundercore

Or you can check out our Support Center for further help.

J. from Thundercore

We are pleased to announce the growth of our global international community!

Our international communities

Indonesian — https://t.me/ThunderCore_Indonesian

Portuguese — https://t.me/thundercore_portugish

Malaysian — https://t.me/ThunderCore_Malaysian

Philippine — https://t.me/ThunderCorePhilippines

Vietnamese — https://t.me/ThunderCoreVietnam

Romanian — https://t.me/thundercore_romania

Pakistani — https://t.me/thundercore_pakistan

German — https://t.me/thundercore_germany

Spanish — https://t.me/ThunderCore_Spanish

Japanese — https://t.me/thundercore_japan

Russian — https://t.me/ThunderCoreRussia

Italian — https://t.me/ThunderCore_Italian

French — https://t.me/thundercore_french

Chinese — https://t.me/thundercore_china

Korean — https://t.me/thundercore_korea

Arabic — https://t.me/thundercore_arabic

Iranian — https://t.me/ThunderCoin_Iran

Indian — https://t.me/thundercore_india

English — https://t.me/thunder_official

Turkish — https://t.me/ThunderTR

Feel free to join us anytime, anywhere

Annie Chen from Thundercore

Join us now! Enjoy quality articles, daily curated news, insightful infographics and enter a vibrant, fun and knowledgeable community!

If you want to email us: contact@gains-associates.com.

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GAINS Associates provides you with the latest news and research in blockchain and crypto. It’s a community for everyone to learn and grow together.

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