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PCHAIN Bi-Weekly Progress Report

(02/01/2019–11/01/2019)

Welcome to PCHAIN weekly report.

We would like to present you with our latest progress update. Please read below for a rundown of some important things that have occurred last two weeks.

Development Progress

1. Maintain Pchain TestNet 2.1 for testing

2. Coding for delegation mechanism of pchain

3. Adjust consensus module of pchain

4. Continue the documentation work

5. Ready to complete the coding of pchain wallet

6. Start simulation of going online of pchain mainnet

PCHAIN News

PCHAIN First Plan in 2019: PANDA-X Plan

Many of you may know that we have announced our PANDA Plan (Excutive Super Nodes Campaign) in August 2018 and received very positive feedback and results from the community members. Meanwhile, a lot of people have missed this plan. At the first week in 2019, we would like to annunce a new incentive plan: PANDA-X Plan.

Before Jan.20th. 2019 23:59:59 (UTC+8), PANDA Plan users are welcome to add any new PAI into PANDA address and will be distributed with 3% annual divideds.Also, new registers will be distributed with 2% annual divideds. People who participate in both PADNA/PANDA-x Plan and PCHAIN Public Test will be distributed with 1% annual divideds.

Registration link: http://supernode.pchain.org

Details: https://twitter.com/pchain_org/status/1080462096083472384

Five external Validators have deployed on PCHAIN successfully

Up to 8th Jan, there are five external Validators which deployed on PCHAIN Testnet successfully. They are coming from Germany, Singapore, Netherlands, and China. Thanks for the supports. PCHAIN Public Test is going on well. If you are interested in PCHAIN tech, welcome to join us and get the PCHAIN mainnet ready jointly.

What’ s Your Favorite New Ticker of PCHAIN

Up to 14th Jan 2019, 14:00 (UTC+8), we have received 544 votes on PCHAIN Twitter since 7th Jan. The PCX has taken a lead with 64% votes. During 7 days, we got many other suggestions about PCHAIN new ticker from community. And we will start the second Ticket poll based on this round. Stay tuned.

What’s the 3 major improvements in PDBFT 2.0

PDBFT2.0 is a Byzantine Fault Tolerance (BFT) protocol deployed in PChain, a multi-blockchain platform that processes over 100k smart contract transactions per second in production. PDBFT2.0 is based on the classic PBFT protocol, with 3 major improvements:

(1) PDBFT2.0 achieves linear worst-case communication volume, in contract to PBFT’s O(n4);

(2) The leader of each round in PDBFT2.0 is selected by a verifiable random function (VRF), which avoids that the leader is attacked by DDos;

(3) In the ordinary case, PDBFT2.0 involves only a single round of voting instead of two in PBFT, which reduces both communication overhead and confirmation.

Details: https://twitter.com/pchain_org/status/1083363233572872192

PCHAIN & Qiangsheng Holding achieved Strategic partnership

We are glad to announce that PCHAIN & PCHAIN & Qiangsheng Holding have achieved partnership. Qiangsheng Holding is a top taxi listed company in China. PCHAIN’s first commercial child chain will be built for Smart Data and Smart Vehicle via the cooperation with Qiangsheng Holding.

PCHAIN Founder was invited to visit partnership FutureMoney

On 10th Jan 2019, PCHAIN Founder Dr. Feng Cao was invited to visit our partnership FutureMoney. Dr. Feng Cao and the core team of FutureMoney had a deep discussion re how to better deal with trust issue of fund management based on blockchain technology. In 2019, PCHAIN will gradually carry out the blockchain business cooperation based on PCHAIN and promote the construction of PCHAIN ecosystem.

PCHAIN is now on Blockfolio Signal!

PCHAIN has been on Blockfolio Signal now, which will keep you updated on our latest project news. Blockfolio Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities, which has about 90K + reviews and 5M users. https://blockfolio.com/coin/PAI

What happened in last AMA ?

Last Tuesday, Dr. Feng Cao,founder of PCHAIN, held online AMA in telegraph as scheduled. You can check the details here (https://twitter.com/pchain_org/status/1083008074653159425)about the business cooperation or cooperation with government based on PCHAIN technology that people are particularly concerned about, as well as the current technological progress of PCHAIN.

Thank you for reading!

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