TOP Network AMA recap with VOZblockchain: Let’s find out more about TOP Network technology
Yesterday’s TOP Network AMA was a huge success with thousands of blockchain technology enthusiasts joining. The following is a brief summary，those who are interested in TOP Network, interested in leading blockchain projects should not ignore this AMA. Mr. Steve Wei-Founder & CEO TOP Network is the guest of AMA program
Introduction to the project: In the history of technology, all the young innovations and revolutions need to wade through the river of doubt and find a breakthrough way to integrate with the established business. A public, high-performance, unauthorized, well-equipped public blockchain with enterprise-friendly infrastructure, TOP Network, the pioneer of the Blockchain 4.0 era, is ready to prove to the world that value: providing a truly open, decentralized platform.
Part 1: Vozblockchain will ask Mr. Steve Wei 5 QUESTIONS about TOP Network project
Question 1: Cross-chain staking will be launched this month with an offer offered to vote. Can you give us an update on how things are going on, and the meaning of the project has been staking directly on the mainnet?
Steve: Staking will ensure the security of the mainnet. In addition, it will significantly reduce the circulating supply of TOP tokens. Our short-term goal is to attract 10% of the tokens. At the moment, the total circulating supply is about 20% of the total token. That means half of the circulating supply will be staking
Question 2: Can you give details about TOP Staking? What is the minimum amount we can stake and what is the average profit?
Steve: There are two ways to participate in TOP stake:
1) Store your own nodes for the TOP main network. Basically, you will set up a cloud server on AWS or Azure and configure the server using the TOP node software. I usually suggest the second option.
2) Stake your TOP token for existing nodes.
Question 3: TOP Network is deploying fragmentation to achieve scalability, Ethereum also points out the same thing with its next development (ETH 2.0), the question is: Can the Top Network be achieved? What are the advantages to ETH 2.0 and your strategy to attract new investors?
Steve: Basically, TOP Network has implemented everything that ETH 2.0 intends to do. That was two years before ETH 2.0. Compared to ETH 2.0, the TOP Network is more secure because the TOP Network has two consensus network layers. A verified transaction in the segment will be tested in the advanced network layer. Sharding is hard to do. We have a huge development team who have worked for more than two years.
About how we attract new investors, we are developing some great blockchain applications on TOP Network. We have also built an eco-trading platform, www.flashex.me, an eco gd exchange to trade digital assets in the TOP Ecosystem. That being said, TOP Network will soon become a booming ecosystem with many users and transactions. After that, investors will pay attention to us.
Question 4: What are the main current issues in businesses trying to solve? What kind of business does TOP focus on? Explain some benefits and utilities of TOP? What is the use of TOP in the entire ECOSYSTEM?
Steve: I have been in the media industry for over twenty years. Privacy and security are increasingly important in the media business. TOP Network provides decentralized communication services that can ensure privacy and security. TOP Network is trying to fix privacy issues. We focus on media business. For example, we are building BitVPN — decentralized VPN.
You can download it from https://apps.apple.com/us/app/bitvpn-vpn-proxy-security/id1469022431?mt=12
Part 2: The community will ask and Mr. Steve will answer questions from the community
Question 5: You have been in the high-tech industry for a long time. How did your past experience inspire you to enter the blockchain industry?
The company I previously started with a VPN business. We have about 40 million users. Of course, it’s a centralized VPN service. That means we have control over all users. We have the right to know all Internet activities of a VPN user when he turns on the VPN service. You can see, it is very dangerous.
Question 6: How can you survive this longest bear market and continue building and developing TOP, many projects that have died during this time? Nobody achieves anything of their own value, please can you be intimate with us a little bit about how your partnership has brought you so much success in short span of time?
Steve: Most blockchain projects will die. That is for sure because a protocol layer does not generate revenue for the company. We are a very different team. We are a very experienced expert.
We have three groups: One is building a blockchain platform that doesn’t generate revenue. Other groups work on applications and games, such as BitVPN. These apps and games are generating revenue right now. They will make a lot of money in the future. That means our company will have a sustainable income. So the bear market doesn’t really affect us.
Question 7: Many investors only care about token price and their profit in the short term while only a small part of them are interested in the long-term development of the project as well as TOP technology. So, does the $ TOP group have a solution to balance this?
Steve: I totally understand what investors want. Most of them are long-term investors, similar in the stock market. It takes time to build value. We are doing something to balance short-term and long-term benefits. For example, we are buying significant amount of TOP tokens from the open market. Because we believe our tokens are so undervalued. The acquisition will have a positive impact on the short-term token price.
Question 8: Currently, in the Market, there are many VPN and Messaging applications available and working well! So, why is decentralized messaging platform better than centralized? What are the additional benefits of decentralized rather than centralized applications?
Steve: For example, everyone in China uses WeChat. WeChat checks are severely censored. If you mention a sensitive word, your account may be suspended. With a decentralized messaging app, no one can monitor and block your messages. My personal opinion, most Dapps have no future. Developers should build applications empowered by blockchain technology.
Question 9: The opinion of the community that most of the Dapps are operating effectively on ETH is betting Dapps, dice. The number of other Dapps users is very small. Making the mainstream become very difficult. Top think about this problem?
Steve: My personal opinion, most Dapps have no future. Developers should build applications empowered by blockchain technology.
You can find TOP Network on:
Email Contact: email@example.com
Official Website: http://www.topnetwork.org
About TOP Network
TOP Network is a decentralized blockchain ecosystem composed of 4th-generation public blockchain, decentralized Apps (DApps) and decentralized communications services.
TOP Chain, the public blockchain infrastructure underpinning the entire decentralized ecosystem, is the world’s first full-state sharding public chain and a high-performance platform for large-scale DApps. Powered by an innovative three-layered ledger architecture consisting of a main chain, service chains, and off-chain ledgers, TOP Chain is capable of handling real-world business of any size and volume. TOP Chain applies technological innovations such as a two-layer lattice DAG, two-layer sharding, and a parallel pBFT-PoS consensus mechanism, making a single chain capable of processing over 300,000 transactions per second. Equipped with high TPS, airtight security, and extremely fast confirmation times, TOP Chain is a reliable platform for services demanding high-frequency transactions such as communication, gaming, social media, big data, artificial intelligence, IoT, and more.
The long-term mission of TOP Network is to build a public blockchain infrastructure for all DApps. Our world-class team of over 100 developers is striving for this goal. We have already developed HiWallet, a cryptocurrency wallet, and are currently developing a series of blockchain games and more large-scale DApps on top of the ecosystem.
Moreover, over 80 million global users will be progressively migrated from the pre-existing communications Apps — Dingtone, CoverMe, and SkyVPN — to TOP Chain, generating a huge volume of transactions and traffic to make TOP a prosperous blockchain ecosystem.
TOP Network was founded by Steve Wei in Silicon Valley in 2017, with the R&D team based in China. Steve was one of the earliest employees of WebEx in the 1990s. After WebEx, he founded Cenwave Communications, a successful video conferencing software company which was acquired by Huawei in 2010. In 2012, Steve co-founded Dingtone, a publicly listed company operating a set of communications Apps with over 80 million global users.