Usechain Bi-Weekly Report NO.21 20190121

Usechain
3 min readJan 24, 2019

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Events:

◆ Usechain x TokenClub Live stream ◆

At 8:00 pm on January 11th, Huining Cao, professor of finance at Cheung Kong Graduate School of Business, invited a guest to do the livestream for the first time. The TokenClub column “Huining Cao and his professor friends” had a live stream with more than 78,000 people online.

The mysterious guest who came to the TokenClub live stream this time is: Professor Jie Hu, a professor of practice at the Shanghai Advanced Institute of Finance and a former senior researcher at the Federal Reserve Bank of the United States! During the live stream, the two professors deeply analyzed the impact of the blockchain from the field of the bank on the theme of “why the traditional banks yearn toward blockchain”.

◆ Usechain Chief Experiencer Recruitment ◆

On January 18th, the Usechain team launched the Eco Dapp Alpha Edition for the first time, and sincerely invites community members to experience it! Excellent proponents, in-depth participants, and good suggestions will be given priority access rights for future Usechain sponsors or co-sponsored offline meetings, in-kind rewards, and priority participation rights for follow-up main net release.

◆ The 3rd Blockchain Connect Summit ◆

On the morning of January 11, Usechain’s founder, professor Huining Cao attended the 3rd Blockchain Connect Global Blockchain Summit in San Francisco. The theme of the summit was “Blockchain: Academic and Technological Innovation”. More than 60 professors from the world’s top universities were present, also researchers, and more than 80 blockchain projects, more than 200 developers, and more than 1,500 blockchain practitioners.

The guests of the summit included Professor Huining Cao, founder & CEO of Usechain, Vitalik Buterin, founder of Ethereum, David Chaum, a cryptograph expert with the name “The Father of Online Anonymous”, Dawn Song, who is known as “the godmother of computer security”, and many other academic circles.

Technical development:

Code Update

◆ Underlying Blockchain Development ◆

Consensus algorithm:

l Remove the ethash algorithm

l Optimize the time penalty mechanism to increase the difficulty of implementing malicious forks

l Optimize trading events to avoid frequent trading events affecting system performance in high TPS situations

l Check for memory leaks and optimize memory usage

l Public network test chain test

Multi-level identity authentication:

l Anonymous sub-account generation algorithm implementation

l Packaging of the commission message processing module

l Update the encrypted public key to the public key generated by the committee and the user through the AB account model.

Sub-chain:

l Debugging test of sub-chain recharge, transaction, and exit

l Subchain block generation, formula module, block synchronization test

◆Dapp◆

l Usechain Dapp Alpha Edition Android and IOS platform version Released

l Dapp opened wallet, supports ETH, USE, CUSE charge, station 0 fee transfer

l Dapp openly browses the latest blockchain industry information, Usechain dynamics and activity features

l Optimized digital asset display accuracy

l Fixed “In-site transfer CUSE error” BUG

l Fixed “CUSE recharge accounting exception” BUG

Above is Usechain development report in the last two weeks. Thank you all for your kind support and trust!

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