Sep 18, 2019
TOP Network Weekly Report: September 9 — 15
Breaking News
As TOP Network Mainnet launch is approaching, we are thrilled to announce that TOP has begun to open-source its code. A few of the core repositories of TOP Mainnet will soon be available on GitHub, a critical milestone to the success of creating an open, transparent decentralized ecosystem. We built everything of TOP Mainnet from scratch by designing, implementing and writing every line of code on our own, which involved far more workload and challenges than most of the existing public chain projects. TOP Chain supports network sharding, computing sharding, and state sharding, which enabled the blockchain to fully horizontally scale out to achieve high TPS.
In addition, we kicked off our Node Recruitment starting on Sept. 16, an open, borderless campaign for global candidates to join our permissionless public chain. There are three types of nodes on TOP Network: Edge Nodes, Validator Nodes, and Advanced Nodes. Candidates can deposit a minimum of 100,000 TOP and simply rent a cloud server to operate nodes and earn a whopping of 65% annual return. If you would be interested in becoming a node operator of TOP, please submit your application through this link.
Upcoming Events
TOP is flying to Prague, Czech Republic, in two weeks! We are co-hosting a global hackathon with our strategic investor Rockaway Blockchain. This two-day gathering for cypherpunks also involved top-tier blockchain projects including Binance DEX, Oasis Lab, and Matic. We have prepared four challenges that will give the developers hands-on experience of TOP’s technical stacks including the smart contracts and TOP SDK/API. Check out the official website of Hack To The Moon for more details!
Technical Development
· Code freeze of basic modules on TOP Chain: Completed testing and acceptance of the basic modules of TOP Chain (network layer, consensus layer, management modules for transaction and lattice). Started code freeze.
· TOP Developer Service Center: Developed the first version of the website for developer documentation and sample code.
· Optimization of TOP Staking and smart contracts to distribute incentives on Mainnet: Completed V2 optimization of node staking, voting and smart contracts to distribute incentives.
· Simulation and Testing of TOP Mainnet: Scaled TOP main testnet up to 1500 nodes, which cover the world’s major cloud computing providers and data centers.
Community
· Our global community keeps growing. The number of community members in our WeChat group, Kakao group and Twitter continue to rise. We will roll out more activities with fun to spark conversations and help you get more engaged with our fellows around the world.
· We published two articles going through the details of what Taylor talked about at Whiteboard Session with NEAR Protocol’s CTO Illia Polosukhin. For those of you who haven’t watched the video yet, check out this technical analysis for more details.
Media
TOP CEO Steve was interviewed by Blockcast, one of the leading blockchain media outlets. In the one-hour interview, Steve talked about the recent progress of TOP Network, the approach to developing a booming decentralized ecosystem, and the upcoming plans for Mainnet launch. According to Steve, TOP is finishing the final parts of the Mainnet which is scheduled to launch soon, two years ahead of the launch of Ethereum 2.0 that shares similar features with TOP like sharding, smart contracts, staking, etc. Moreover, Steve said TOP has formed two teams to develop large-scale, in-depth blockchain games, a way to create a comparatively prosperous ecosystem with massive transactions for DApp developers after the Mainnet launch.
You can find TOP Network on:
Email Contact: contact@topnetwork.org
Official Website: http://www.topnetwork.org
Telegram: https://t.me/topnetwork_top
Twitter: https://twitter.com/topnetwork_top
Medium: https://medium.com/@topnetwork
Kakao: https://open.kakao.com/o/g7g9YBwb
Steemit: https://steemit.com/@topnetwork-top
Reddit: https://www.reddit.com/user/topnetwork_top
Instagram: https://www.instagram.com/topnetworktop/
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-PoS*, 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 80 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.
On March 26th, TOP Network made its debut as the first project launched through Huobi Prime — Huobi’s selective Direct Premium Offering platform. A total of 1.5 billion TOP Tokens were sold out in seconds, after which the price of TOP surged 2770% once it was freely tradable. Upon the listing, TOP’s trading volume hit $100 million in just eight seconds, and surpassed the trading volume of Bitcoin at $250 million in less than a week, ranking first in terms of volume on Huobi Global. Before that, TOP Network has closed $15 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.
