VNT Weekly | VNT Chain Project Progress
VNT WEEKLY, October 14
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. VNT Chain invites you to focus on the blockchain on October 25! The Sub-Forum of 2018 China Computer Conference held by Yunphant Blockchain “Blockchain Technology and Application Trend” is about to open! Hot topics will be discussed at the forum. What it the Industry, technology and application development trends? What excellent implemented blockchain projects look like? How to break through the industry winter? Where is the next trend in blockchain technology development? Under what conditions may blockchain industry generate a phenomenon level application? How can individuals and enterprises achieve breakthroughs under the wave of blockchain technology? Blockchain experts from IEEE Fellow and big companies will get together to talk about those topics and explore the future!
Community News
1. On October 11, VNT Chain co-founder Zhou Feng was invited to “Let's Talk Blockchain” Event, and made a speech on "The Application Exploration of Future Public Chains". In the speech, he shared his opinion that there are five major challenges in the process of public chain application: 1. Limited Scenarios: Many applications can hardly be implemented by a single organization; 2. Privacy security issues: How to ensure the security of data and asset transactions; 3. Insufficient performance: Most of the applications are only suitable for medium and low frequency scenes for now; 4. Disunited technical standards: Asset and data interaction between chains is very difficult; 5. The cost is high.
Regarding these problems, Zhou Feng believes that the future development trend of blockchain technology should be the integration of consortium chain and public chain, and the coordination of on-chain and off-chain management. Therefore, VNT Chain proposes the "consortium chain + cross-chain + public chain" aggregation chain technology to promote the commercial application of the blockchain and to empower the distributed economy. When talking about the VNT business eco cases, he said that VNT Chain has been applied in various scenarios such as “equity transaction”, “supply chain”, “asset securitization”, “Internet finance” and the like.
2. The voting session of “National Day Scissors Creative Competition” is in full swing! The contest was shortlisted for voting by 20 VNT fans. Who will win the final gold V with a 38888VNT Award? Please pay attention to our official public account.
Development Progress
Consensus Module
1. Witness management function completed, debugging — 20% Completed
2. Pre-research of Verifiable random function application pre-research in consensus prototype — 75%
3. Integrated BFT plan design — 90% Completed
4. Non-witness investigation and design of verification scheme for BFT process — 30% Completed
Smart Contract Module
1. Improve the contract language compiler and implement vitual call & vtable and while / loop; basic Turing completed – 75% Completed
2. Contract language runtime type system is under constructing – 60% Completed
3. Research on smart contract formalization demonstration program—100% Completed
4. Optimize virtual machine exception handling mechanism—90% Completed
5. WAVM supports the pre-research of uint256 – 60% Completed
6. Design of WASM Virtual Machine Decoupling Scheme – 85% Completed
7. ABI generation tools support map and array -- 100% Completed
8. Scheme design of contract secondary compilation – 60% Completed
9. Strip virtual machine core library and support contract offline debugging--20% Completed
P2P Module
1. Perfect event calls in the P2P layer, debugging – 80% Completed
2. Intranet penetration function development of network layer – 70% Completed
3. Support for protocols such as les, bzz, and shh – 55% Completed
4. The research of Metrics function, and realize the demo verified its function—100% Completed.
5. Research the reason of whisper protocol receiver’s failure on recognizing the massage, debugging – 40% Completed
Cross Chain
1. Hash Lock technology feasibility verification – 100% Completed
2. Notary public technology pre-research – 75% Completed
3. Side chain technology pre-research – 60% Completed
4. Combination of ring signature technology and notary public technology—60% Completed
5. Design of cross-chain interaction scheme based on Hash Lock – 10% Completed
Consortium Chain
1. Consortium chain V1.1 stability test. Memory leak in the node is under debugging – 40% Completed
2. The memory leak problem of State Secret Algorithm Module memory is fixed and verified – 100% Completed
3. Second round of functional testing consortium chain v1.1 – 60% Completed
4. Demand Analysis of BaaS platform V1.2—100% Completed
5. The PRD development of BaaS Platform V1.2 – 20% Completed
6. Stability test of developer platform – 90% Completed
7. Research on the technical design of zero-knowledge proof – 75% Completed
