TOP Network
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TOP Network

TOP Network Biweekly Report: October 20 — November 2

In the past two weeks, TOP Network keeps making breakthroughs in technical development, fundraising and community operations. TOP Network attended meetups hosted by Ontology, one of TOP’s strategic partners, in San Francisco and Seattle, meeting with local developers and blockchain enthusiasts. Our community members actively participate in the Testnet Bounty program. TOP keeps raising investment from top-notch venture capitals. An experienced designer joined the team. It has been three months since TOP Network came out of stealth mode. We appreciate all your help and support, and we will strive to make TOP the best!

I. Event Highlights | Ontology x TOP Network Meetups

TOP Network attended two meetups hosted by Ontology, one of TOP’s strategic partners, in San Francisco on Oct. 30 and Seattle on Nov. 1. TOP CEO Steve Wei and CFO Noah Wang spoke to over 100 attendees including developers, investors and blockchain enthusiasts.

Steve elaborated on the goal of the partnership between TOP and Ontology — to build an open platform and developer community that boosts the communication ecosystem on the blockchain technology. Depending on the infrastructural technology and services implemented by Ontology, TOP Network provides the developers with a suite of secure and low-cost communication services that enable them to easily build their own applications. The existing communication applications of TOP Network are bringing a large number of users to Ontology’s ecosystem. TOP Network attracted plenty of attention at the events. The specially-designed TOP metal coins were given away immediately.

TOP CEO Steve Wei at Ontology San Francisco Meetup
TOP CFO Noah Wang at Ontology Seattle Meetup
TOP met with over 100 attendees including developers, projects and blockchain enthusiasts.

II. Technical Development

  1. Reconstructed the PBFT consensus module that not only supports the transaction, but also any other decision-making consensus and the Plug-in extension.
  2. Reconstructed P2P network modules to support the virtualization, and multi-number and multi-layer structure of P2P network.
  3. Reconstructed P2P storage modules to support storage virtualization, and any DB and file system (including network NTFS file system).
  4. Optimized the decentralized node selection process and security.
  5. Optimized the security of RPC API.

III. TOP Community

The number of our official Telegram group members has been growing fast at a rate of more than 100 people a week and members are extremely active. TOP offered a special Halloween “treat” on Oct. 31 to our community members — the Bounty program with more than 1 million tokens given away. TOP Testnet Bounty program will end soon on Nov. 5 PST. Please hurry up to participate in node test application and transaction to win up to $1000!

IV. Partnership

Alumni Venture Group announced strategic investment in TOP Network. Alumni Venture Group, founded by alumni from top universities including Harvard, Yale, Stanford and MIT, is focusing on investment in alumni startup projects. It was named as the “most active” venture capital by TechCrunch, with more than $200 million invested in tech startups every year.

V. Team

John Zhu joined TOP team as a designer. John has years of experience in visual design and has participated various projects including the font design of Geely, the visualization project of The Dow Chemical Company, and brand upgrade of POVOS Electric. John will be responsible for visual design after joining TOP team.

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About TOP Network

TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more.

TOP Network is also a high-performance public blockchain platform designed to handle real-world business of any size or volume. Powered by innovations including three-layer network, two-layer sharding, two-layer lattice DAG and PBFT-DPoS*, TOP can process several hundred thousand transactions per second on the blockchain.

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.

TOP Network originated from the common underlying network layer of Dingtone, CoverMe and SkyVPN, three communication apps built by the TOP team before the blockchain project. These apps, having attracted over 50 million users in total, will be ported to TOP Network upon the launch of TOP and generate huge volumes of transactions in the TOP ecosystem.

TOP Network was founded by serial entrepreneur Steve Wei and his colleagues in late 2017. Steve was one of the earliest employees of WebEx in the 1990s. After WebEx, he founded a successful video conferencing software company which was acquired by Huawei in 2010. In 2012, Steve co-founded Dingtone, a public listed company operating popular communication apps such as Dingtone, CoverMe and SkyVPN.

TOP Network has closed $8 million early investments from prestigious institutional investors and individual billionaire investors, including DHVC, Fenbushi Capital, NEO Global Capital (NGC), Ontology Global Capital (OGC), LD Capital and more.



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