SimpleChain Weekly Report: October 28-November 3
Mainnet Data
Since its launch on January 4th, SimpleChain mainnet has been running steadily. Up until November 3rd, the amount of total addresses on SimpleChain is 10,559. Average peak computing power is 209.905GH/S, and average peak difficulty is 2628G. The amount of total transactions is 115,437.
Techinical Development
SimpleChain 2.0
- Completed contract of one-to-many cross-chain transactions;
Wallet-ChainBox
- Completed golang demo of payment platform;
- Completed UI adaptation of notch screens, waterdrop screens and normal screens.
Mining Pool-Simpool
- Tested pool fee data;
- Completed the function of filtering certain data packages and limiting speed.
Blockchain Explorer
- Completed front end development, including contract details, contract verification.
- Tested frontend & backend, smart contract 1.0 completed.
Ecosystem & Partnerships
B.VIP Launching Soon: Premium Cryptocurrency Management Services for Global High-Net-Worth Individuals
To help global high-net-worth individuals cope with economic risks, improve their asset diversification and robustness, and meet their needs for efficient, convenient and secure cryptocurrency management, Zheng Hairuo, Li Qiaofeng, Liu Qiang and others co-founded a decentralized global cryptocurrency management platform — B.VIP.
B.VIP will operate as a decentralized autonomous organization (DAO). As a DAO, B.VIP will file to run in the election to become a board member of the SimpleChain Foundation.
B.VIP will provide members with personalized, one-on-one cryptocurrency management services such as asset management, custody, insurance, trading and quantitative trading. Members will receive dividends of B.VIP’s service fees and SIPC’s long-term growth.
B.VIP will be launched in early November. Only 100 members will be accepted through recommendation. Members must hold 100,000 SIPC and have a net worth of more than 20 million US dollars. B.VIP is expected to manage up to 100,000 bitcoins in cryptocurrency assets.
SimpleChain Partners with Keystore: Crypto Asset Security to Fuel Blockchain Ecosystem
In October 2019, SimpleChain and Keystore announced partnership to advance the development of blockchain technology and applications.
The SimpleChain team has advanced concepts and rich experiences in public chain architecture, ccommunity management and asset management. Keystore has advantages in asset management, private key security management and node operation and maintenance. Together, SimpleChain and Keystore will cooperate in asset custody, node services, market expansion and other fields to jointly expand the enterprise-level crypto asset service market.
At the same time, B.VIP, an important member of the SimpleChain ecosystem, has also announced a long-term cooperation with Keystore. B.VIP focuses on decentralized crypto asset management, and the security of its users’ assets is highly valued. Therefore, the platform needs to manage the user’s crypto assets professionally, efficiently and securely, and Keystore offers enterprise-level crypto asset security services. The cooperation between the two will provide a strong guarantee for the security of the entire SimpleChain ecosystem.
SimpleChain and Banqu(版趣) Announced Strategic Partnership
SimpleChain announced strategic partnership with Banqu(版趣). Banqu will join SimpleChain’s application ecosystem and provide use cases for SIPC circulation. Banqu aims to provide a blockchain solution for copyright issues. Content producers can authenticate and circulate content copyrights and users can buy copyright and profit from copyright gains. Banqu can be understood as a combination of copyright authentication, copyright circulation and novel reading. Banqu 1.0 has launched and users can buy copyright to gain dividends from others reading the novel and possible later film adaptations.
Community
2019 Training for Judical Authenticators
SimpleChain core board member Leo Yu was invited to give a training session in the “2019 Training for Judical Authenticators” training course hosted by the Department of Justice of Zhejiang Province and and Zhejiang Judicial Authentication Association.
Leo gave a speech about blockchain evidence and judicial authentication, and shared the first case in China that used blockchain for judicial authentication.
About SimpleChain
The mission of SimpleChain is to simplify the blockchain for business.
SimpleChain is a PoW main chain with flexible sub-chains. Different sub-chains can adopt different kinds of consensus and block data structure as needed, to enable a variety of applications and use cases on blockchain. Sharding is also implemented to improve performance. This double-layered structure of one main chain and multiple sub-chains can fuel various applications while ensuring the consistency of the network.
Built on VeraxChain, SimpleChain’s first sub-chain, Baoquan.com provides record keeping services which serves to keep records of online data and authenticate electronic evidence. In June 2018, Hangzhou Internet Court of China judged a case of copyright dispute based on data stored on Baoquan.com. For the first time in China, the legal effect of the electronic data stored on blockchain is recognized in the judicial system. (News link: https://www.coindesk.com/blockchain-can-legally-authenticate-evidence-chinese-judge-rules)
Find SimpleChain at:
— -Overview — -
Website: www.simplechain.com
Whitepaper: www.simplechain.com/ims/chain/download?spm=1922.1381.010729.122&language=english
Github: www.github.com/simplechain-org
Blockchain Explorer: www.explorer.simplechain.com/
— Community — -
Twitter: www.twitter.com/SimpleChain
Telegram: www.t.me/SimpleChainEN
Medium: www.medium.com/SimpleChain
Reddit: www.reddit.com/r/SimpleChain
Facebook: www.facebook.com/SimpleChainOfficial
— -SIPC Mining & Trading — -
Wallet-Chainbox (Chinese only at the moment): download available at www.simplechain.com
Mining Client-SimpleNode (English & Chinese, can also act as a wallet): download available at www.simplechain.com
Mining Pools
1. SimPool (Chinese only): www.simpool.vip
2. MATPool (Chinese only): www.matpool.io/
3. DXPool (English & Chinese): www.dxpool.com/
Mining Guide with DXPool: https://www.dxpool.com/help/en/sipc-mining-tutorial
Mining Machine: SimpleNode X1 USB mining machine: 2M hashrate, 5W power use. Please contact @Laurenxy on Telegram if interested.
Trading:
SIPC/USDT: www.bitsoda.com
SIPC/CNT: www.zt.com
