TOP Network Biweekly Report: May 12th — May 25th, 2021
TOP Mainnet
According to TOPScan data, there are currently 700 miners and nearly 1.5 billion voting deposits on the TOP mainnet chain, the mining reward is about 240 million TOP. At present, TOP mainnet mining is still in the bonus period. The earlier you join the mining, the higher profit you can get. With the expansion of the TOP ecosystem and the rise of currency prices later, the long-term miners in the TOP mainnet will gain immeasurable benefits.
Technological progress
TOP Chain
1. The 2nd release candidate (v1.2.2) of the major version upgrade of TOP mainnet has been developed and tested, and new features and functionality have been included.
2. A third-party agency has completed an audit of the code for the new module of the main chain. The code audit report has been delivered to the exchange for internal security review and the process completion date is uncertain.
3. The 3rd release candidate (v1.2.3) of the major version upgrade of TOP mainnet has been launched, focusing on stability testing, stress testing and security testing. The testing of this version focuses on business services after mapping.
4. The development of TOP API-Service has been completed and will be deployed to the official environment next week. The completion of the development of this service will provide convenience for TOP Chain to connect to third-party wallets and so on in the future.
Upcoming Event
From June 2nd to June 4th, TOP Network will attend the “TIDES Wave · 2021 Blockchain Industry Influence Summit” hosted by Cabin VC and Blocklike at Diaoyutai Hotel in Hangzhou, China, to have in-depth communication with the high-quality blockchain projects on the current blockchain technology status and progress. At the same time, it will also make more users understand the technical advantages, ecological layout and long-term planning of TOP Chain. It is now the key point of TOP Chain development, the mainnet mapping and the Apps on the chain with more than 100 million global users will become the focus of users’ attention.
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 100,000 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 100 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.
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