Hello, and welcome to our all-encompassing biweekly report on IOST! We are here to keep you updated with all the recent news and events that happened within the IOST ecosystem over the past two weeks. And, for sure, a lot has happened! So let’s have a quick overview before going deeper into details.
In more than a year since the mainnet launch, the IOST development team has maintained an innovative attitude and has frequently updated and optimized its versions. The keywords for the newly released v3.3.6 of the Olympus are Security and Code Refactoring. For the first, they fixed the bug that could let a large number of malicious constructs using BigInt64Array in virtual machines exhaust the virtual machine pool, which makes the node unable to execute transactions and neither synchronize. As for the Code Refactoring, more golangci-lint options have been opened, and 19 sub-linters have been added. The release of Olympus v3.4.0 is planned for the near future. In addition, the dev team proceeded with the revision of the DeFi-related plans and the support of community developers.
What’s more, IOST partner node Sonata released the very first version of the .NET IOST SDK. This serves as an entry point to the IOST ecosystem for all the new .NET developers as well as experienced ones.
Another major update — IOST has been approved by the Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, and will be listed on the largest compliance exchange in Japan, Coincheck. Coincheck, a major cryptocurrency exchange and a subsidiary of the Japanese financial listed company Monex Group, announced the listing of IOST. With this, IOST has become the 14th compliant token on Coincheck and the 29th compliant token in the Japanese market.
Furthermore, Pumpking Team officially launched the first Yield Farming project on the IOST chain — Pumpkin. The total supply of PPT is 2,927,232, and 95% of the total supply will be released to users through yield farming. Start your participation by creating an IOST account via Citadel.One, Sonata, TokenPocket, or Jetstream.
Apart from the mentioned above, IOST Partnered with The Dvision Network, a new blockchain-empowered virtual reality content platform. IOST is excited to work with the Dvision Network team in the area of technical assistance, business development, and marketing to further explore and exploit the potential of blockchain and VR technology combined.
By the way, IOST Foundation is shining a spotlight on talented writers in the second writing competition, in collaboration with IOST’s partner node BTCMANAGER. The winner with the best-written entry about IOST for DeFi will receive a prize of $100 and a chance to be published on BTCMANAGER — a globally leading blockchain & cryptocurrency news publication.
That’s all for today — follow us to learn more in the coming weeks!
Development
In more than a year since the mainnet launch, the IOST development team has maintained an innovative attitude and has updated and optimized its versions on a frequent basis. The keywords for the newly released v3.3.6 of the Olympus are Security and Code Refactoring.
1. Security Update
Fixed the bug that could let a large number of malicious constructs using BigInt64Array in virtual machines exhaust the virtual machine pool, which makes the node unable to execute transactions and neither synchronize.
2. Code Refactoring
More golangci-lint options have been opened, and 19 sub-linters have been added.
In addition, IOST will release Olympus v3.4.0 in the near future.
For the next version, the technical team has the following plans:
- Add incremental Merkle hash to the block header to facilitate light nodes to verify transactions and facilitate the cross-chain implementation
- Upgrade golang version
- Upgrade main dependent versions, such as libp2p and grpc
An IOST mainnet account is the key for every user to enter the IOST mainnet ecosystem. Every account name must be from 5 to 11 characters long and will only contain numbers, letters, and “_”. In addition, every mainnet account is unique. This way, IOST allows users to create an account that is easier to remember and fun to use.
There are multiple ways to create an IOST mainnet account. Here are the popular ways:
- Via Citadel.One Wallet (New & Free)
- Via TokenPocket Mobile Wallet (Costs 150 IOST)
- Via Sonata Website (New & Free)
- Via Jetstream Chrome Extension Wallet (Free)
A. Technical Ecosystem
[Development]
- Released version 3.3.6, which fixes a memory-related issue.
- Revision of the DeFi-related development plans of each development team.
- Support community developers and answer related questions.
[Operation and maintenance]
- Performed node’s technical communication for access and exit
B. Community Growth & Mainnet Statistics
IOST partner node Sonata released the very first version of the .NET IOST SDK. This serves as an entry point to the IOST ecosystem for all the new .NET developers as well as experienced developers. The Software Developers Kit (SDK) is based on .NET Framework 4.7.2. It is free to use for any .NET based projects that want to build on top of IOST Blockchain. .NET Framework SDK, are software development kits (SDKs) from Microsoft that contain documentation, header files, libraries, samples, and tools required to develop applications for Microsoft Windows and .NET framework.
Social encounters
On August 26, 2020, the Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 19th CCID Global Public Blockchain Technology Assessment Index, comprehensively assessing and ranking 37 well-known public blockchain projects in the world. In this evaluation period, IOST ranks FIRST in the basic technology sub-index and took third place in the overall ranking! IOST has, again, moved up a spot in the global ranking compared to the previous period.
For basic technology, IOST ranked first with a score of 111.9. This sub-index mainly evaluates the technical realization, functionality, performance, security, and decentralization as described before, categories in which IOST has obvious advantages over other public chains.
- World’s first decentralized scalable platform that can simultaneously support thousands of nodes and high TPS
- Developer friendly
- 0 security issues after mainnet launch
- Original PoB consensus mechanism to ensure high decentralization of IOST blockchain network
Also read “IOST outperforms TRON to rank third on a global blockchain index”.
Enter IOST’s Article Contest for your chance to win and have your work be seen by blockchain and crypto enthusiasts! The winner with the best-written entry about IOST for DeFi will receive a prize of $100 as well as the chance to be published on BTCMANAGER — a globally leading blockchain & cryptocurrency news publication.
Finance
IOST has been approved by the Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, and will be listed on the largest compliance exchange in Japan, Coincheck. Coincheck, a major cryptocurrency exchange and subsidiary of the Japanese financial listed company Monex Group, officially listed IOST on 8 September 2020. With this, IOST has become the 14th compliant token on Coincheck and the 29th compliant token in the Japanese market.
Also, read more on IOST’s Robust Expansion Into Japan in a Complete 3-Year Overview, where the team reviews and walk through the prominent milestones and impacts of IOST’s 3-year hard work in Japan.
You can also participate in IOST’s 4th NFT Event Giveaway to Celebrate IOST’s Listing on CoinCheck.
Simple steps for the event period: Sep 3rd, 2020 — Sep 18th, 2020
- Follow https://twitter.com/IOST_Official
- Like and Retweet IOST’s Pin Post https://twitter.com/IOST_Official/status/1301086114132799493?s=20
- Send a congratulation message to IOST with hashtags #IOST #CoinCheck $iost #NFT
- Fill in the form: http://bit.ly/IOST4thNFT
If you think ETH’s DeFi fee is too high and the network is way too congested, then come to IOST and get some pumpkins, with 0 handling fee and 0 congestion, experience DeFi on IOST.
Read a Basic Guide to IOST’s Smooth Silky Version of SushiSwap.
Also, you can check a precise guide on How to Farm & Trade PPT (Pumpkin🎃) for IOST Users.
Roadmap
According to the recent roadmap update:
For the second half of 2020, IOST will fully explore the DeFi ecosystem. At the same time, IOST will continue to work on the Nodes Program, DApp ecosystem, cross-chain technology, implementations, compliance development, cooperation with government & enterprises, community expansion, and work with industry practitioners to jointly promote the construction, development, and growth of the blockchain ecosystem.
Q3:
- Implement and optimize IOST on-chain governance mechanism
- Implement and apply IOST cross-chain technology
- Explore DeFi, complete and land at least three DeFi applications
- Launch top IP series dapps
- Optimize the ecological mechanism and layout of partner nodes
- Expand the Community plan V2, optimize the core community structure
Q4:
- Complete compliance process in Japan, South Korea, the US, Singapore, Vietnam and other countries
- Utilize zero-knowledge proof technology for user privacy improvement
- Expand cooperation in blockchain business between at least five top global enterprises
- Cooperate with traditional industries in NFT deployment
- Build a richer partner node ecosystem
- Build community KOL matrix in 20+ countries around the world
Partnerships and team members
Dvision Network is a new blockchain-empowered virtual reality content platform. Leveraging on the advancement of blockchain and VR technology, the Dvision Network’s goal is to lower the barrier to entry for users to easily experience the virtual reality world, and to create an inclusive virtual reality ecosystem where the members such as various companies and developers can support one another. IOST is excited to work with the Dvision Network team in the area of technical assistance, business development, and marketing to further explore and exploit the potential of blockchain and VR technology combined.
Also read “Dvision Network & IOST Partnership”.
Other
