TOP Network
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TOP Network

TOP Network Biweekly Report: May 26th — June 6th, 2021

TOP Mainnet

According to TOPScan data, there are currently 702 miners and nearly 1.5 billion voting deposits on the TOP mainnet chain, the mining reward is about 260 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. Mainnet v1.2.2 has been released and deployed to the open beta network. The main changes added in the last 2 weeks are to simplify the docking and integration of exchanges and 3rd party wallet/DApp.

2. The progress of the mainnet v1.2.3 is basically in line with expectations, there are still some optimizations and bugs to be solved, and the upgrade of the TOP mainnet is expected to start in mid to late June.

3. Mainnet v1.2.3 already supports Ethereum private keys and addresses, which helps bridge the Ethereum ecosystem and TOP, and will also simplify the mapping of TOP ERC20 holders.

4. Most of the adjustments of peripheral DApps, homepage, documents, browsers, etc. of TOP Chain Token mapping have been completed, and the remaining part will be completed by mid-June for acceptance.

Event Review

From June 2nd to June 4th, TOP Network teamed up with TopIPFS attended the “TIDES Wave 2021 Blockchain Industry Influence Summit” hosted by Cabin VC and Blocklike at Diaoyutai Hotel in Hangzhou, China, and had in-depth communication with the high-quality blockchain projects on the current blockchain technology status and progress. At the same time, it also made 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 application 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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TOP Network Official Account

TOP Network is a decentralized blockchain ecosystem composed of public blockchain, DApps & decentralized communication. Website: www.topnetwork.org