TOP Network Optimized to Further Improve Performance and Onboard Masses to Build the Web 3.0 Infrastructure

TOP Network, a high-performance public blockchain platform built for real-world applications, continues to be optimized, further improving the transaction speed.

Over this past decade, blockchain projects have grown tremendously, but still, there is no public chain that is fast, cheap, and scalable enough to host the large-scale implementation of various high-level applications.

While Ethereum is the most popular and used blockchain in the cryptocurrency space, it is slow and expensive.

Moving towards this ambitious target, our team has been making continuous efforts to improve performance, expand our ecosystem, and become the first public chain to build the new phase of the internet, Web 3.0. For this, our developers have created a comprehensive full-stack blockchain platform to bring it to the masses and accelerate the development of dApps.

Recently, we launched the V1.3.0 version of the TOP mainnet optimized for real-time performance and data cutting efficiency and modifying loopholes. The second model of TOP-compatible Ethereum specifications and contracts has also been completed. TOP Networks is now officially ready to enter the development of the Ethereum-compatible sharding stage.

As for the model development of the decentralized cross-chain bridge project between the Ethereum ecosystem and the TOP ecosystem, our team will be introducing a new relay chain because the Solidity contract lacks an API that can directly verify TOP’s block and receipt proofs.

Optimizing the Public Chain

We marked the beginning of 2022 by deleting the consensus of “confirming transactions,” which has reduced the time it takes for transaction process, greatly increased its transaction speed, and made a major improvement in the user experience which is of great significance for becoming a Web 3.0 infrastructure.

Besides the performance, we have also reduced the disk space required by REC and advanced nodes. We have further relieved the storage pressure of nodes and simplified transaction information. These changes help bring down the cost for miners to participate in mining because as the required storage space gets lower, the cost for miners to purchase disks decreases accordingly.

As for the security of node selection, our team has been conducting constant stress tests to ensure the data on the chain is safe and reliable as well as to monitor if the node election is still accurate and feasible in case of a significant increase in the mainnet nodes in the future.

We have built exclusively for Web 3.0, and to achieve the business goals of this evolution, we took the lead in realizing the full-state sharding as well as innovatively applied technologies such as double-layer sharding, double-layer lattice, and DAG data structure-based parallel PBFT.

Bringing Masses to TOP

While focusing on improving the performance of its public chain, we are also working on bringing more users to the TOP Network blockchain via the launch of BitVPN on its mainnet.

A couple of months back, BitVPN, the decentralized VPN service specifically created for users of the blockchain world, announced its plans to migrate to the TOP Chain and bring real business on it.

In addition to being decentralized data storage, BitVPN aims to be the decentralized transmission technology of data traffic. Users can contribute their idle computer bandwidth to serve as VPN nodes to receive TOP ecological incentives. Also, we provide better privacy protection for BitVPN.

Built for small high-frequency transactions, this integration brings more addresses and transactions on the TOP Chain, proving that the network is capable of carrying real-world business. Already, the TOP public chain maintains a daily transaction volume of around 20,000, which makes us one of the most active public chains.

Besides bringing a large number of users to the TOP mainnet, this launch will further bring new application scenarios to the TOP ecosystem as BitVPN users are required to pay in the TOP token, which means all BitVPN users effectively become TOP users.

The native token of the TOP Network, TOP, has a total supply of 20 billion, while only less than 4.1 million tokens are circulating in the market. Our team actually has plans to migrate to the GAS mechanism of the Ethereum EIP-1559, which will destroy TOP tokens.

All of this is just the beginning though, as we are prepping to create Ethereum-compatible shards of TOP mainnet and cross-chain bridge between them and ETH, BSC, and HECO Chain. Our team will also launch a decentralized exchange TOP DEX, an NFT hosting platform, and GameFi products this year.

Find More

Official Website | Telegram | Twitter | Medium | Kakao | Steemit| Reddit | Instagram| Email