VNT Weekly | VNT Chain Project Progress
VNT WEEKLY, November 18
This is the weekly report of VNT Chain in which you will find about the latest project updates, community news and development progress. It would be a great honor for us to share exciting news and build the ecology with you!
Project Updates
1. Recently, Yunphant Blockchain, the technical service provider of VNT Chain, has completed tens of millions of Series A Raising which was led by Shenzhen Capital Group Co., Ltd. and followed by US WI Harper Group. Dr. Huang Butian, co-founder of VNT Chain and founder of Yunphant Blockchain, said: Through this financing, Yunphant will further expand in the fields of letter of credit, Forfeiting, supply chain finance, asset securitization, intellectual property, and e-government, building up the ecological commercial layout of blockchain infrastructure and at the same time promoting the infrastructure construction of the next generation distributed smart value network, creating the whole ecosystem of blockchain technology, application and community, and empowering the distributed commercial economy.
2. On November 19, at the ceremony of “Annual Best Blockchain Awards” of “Reconstruct the world--2018 Blockchain New Economy Hangzhou Summit” hosted by Hangzhou government, Yunphant Blockchain was selected into “2018 Pioneer list”. Yu Zhibei, co-founder of Yunphant Blockchain, said that “Yunphant Blockchain has always practiced the concept of ‘technology-driven economy’, which has been applied in the letters of credit, Forfeiting, supply chain finance, asset securitization, intellectual property, e-government and other fields, constructing an ecological commercial layout of blockchain infrastructure.
3. On November 19, at “2018 Blockchain New Economy Hangzhou Summit”, nearly 20 companies and institutions including Yunphant Blockchain, Property Zhongda, Huali Group and Insigma jointly launched the establishment of Blockchain Technology Application Industry Alliance. The alliance is guided by Hangzhou Economic and Information Committee, Hangzhou Financial Office and Hangzhou Daily Group. In the future, it will promote the development of blockchain technology, serve the blockchain industry groups, accelerate the blockchain empowering entity, and enrich the blockchain spiritual culture.
Development Progress
Consensus Module
1. The research of offline Witness Removal Program—45% Completed
2. BFT message pool and message encapsulation – 100% Completed
3. BFT message processing logic implementation – 95% Completed
4. BFT messaging interface and message interaction development – 100% Completed
5. Non-witness development of verification scheme for BFT process –35% Completed
Smart Contract Module
1. Contract compiler code refactoring completed, unit test under progress -- 40% Completed
2. Improve string implementation —100% Completed
3. The development of compiler test framework—90% Completed
4. The optimization of Intelligent contract formalization proof design – 65% Completed
5. The development of contract secondary compilation function—40% Completed
6. WASM virtual machine decoupling completed, debugging—65% Completed
7. Contract sample development (Q language)—55% Completed
8. Gas injection in WAVM, complete WASM code block parsing – 75% Completed
P2P Module
1. Multi-node communication test and defect repair—100% Completed
2. Network environment and fault-tolerant testing, repairing disconnection reconnection bugs—65% Completed
3. Handle protocol read timeout bugs and test past – 100% Completed
4. The update of P2P module design document—35% Completed
5. Fix failed node reconnection bug and verification passed – 100% Completed
Cross Chain
1. Side chain technology pre-research – 95% Completed
2. Combination of ring signature technology and notary schemes—95% Completed
3. Design of cross-chain interaction scheme based on notary – 45% Completed
4. Cross-chain interaction demo based on notary public—30% Completed
Consortium Chain
1. Consortium chain V1.1 stability test – 90% Completed
2. Consortium Chain V1.1 performance test – 65% Completed
3. Demand analysis of Consortium Chain V1.2 –75% Completed
4. The development of Consortium Chain V1.2 design – 25% Completed
5. BaaS platform V1.1 stability test – 40% Completed
6. The PRD development of BaaS Platform V1.2 – 90% Completed
7. The development of monitoring platform design—40% Completed
8. Research on the technical design of zero-knowledge proof – 100% Completed
