VNT Weekly | VNT Chain Project Progress
VNT WEEKLY, June 26

VNT Chain Labs
VNT Chain Labs
Published in
4 min readJun 27, 2018

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.On June 21, Dr. Huang Butian, the co-founder of Yunphant Blockchain, and Roger Zimmer, the technical consultant of Yunphant Blockchain, were invited to the 4th China-Singapore International Conference on Science and Technology Exchange and Innovation. At the conference, Dr. Huang Butian made a speech titled “New Trends in Blockchain Technology”, illustrating the integration of public chain and consortium chain is the inevitable development trend of future blockchain technology. The speech covered wide range of contents including consensus algorithm transition from low-frequency and low-efficiency to high-frequency and high efficiency, service fragmentation from comprehensive observation to detailed awareness, processing methods from on-chain to collaborative governance of on-chain and off-chain, organizational form from single chain to multiple chain combinations, as well as data and assets exchange via the cross chain, etc.

2. On June 22, Dr. Huang Butian, the co-founder of Yunphant Blockchain, AKA the technical service provider of VNT Chain, announced that he would participate in the recruitment of Huobi public chain leaders program. Dr. Huang Butian is not only the founder of Yunphant Blockchain, but also the co-founder of VNT Chain and the initiator of Computer Society's Blockchain Technical Committee of China. As one of the earliest blockchain technology practitioners in China, Dr. Huang has applied for nearly 40 invention patents, making him ranked ninth in global blockchain patents by 2017. Moreover, he is also the chief editor of “Blockchain Decryption: Building a Credit-Based Next Generation Internet”.

3. On June 23, in CCTV’s “Wisdom China” column, Professor Jin Xuejun, Chairman of Zhejiang Blockchain Technology Application Association and Director of the Applied Economic Research Center of Zhejiang University, mentioned Dr. Huang Butian, the co-founder of Yunphant Blockchain multiple times in the topic of “100 leaders in global blockchain industry”.

Community News

1.On June 24, the original team of Yunphant Blockchain, who ranked No. 9 on global blockchain patents, the leader of Hurun blockchain Top 20, and the predecessor of Zhejiang Pre-unicorn, as well as the technical service provider of VNT Chain, promoted VNT Chain into Chengdu’s market, announcing the start of its global roadshow tour. The roadshow was hosted by VNT Chain. Xiao Bo, the secretary general of Chengdu Big Data Association Blockchain Committee, Liang Xuedong, the director of Blockchain Application Research Center of Sichuan University Business School, Li Zhengguang from Huayi Blockchain Institute and other distinguished guests participated. More than one hundred blockchain entrepreneurs, enthusiasts, and industry insiders gathered at the event. Zhou Feng, the co-founder of VNT Chain, communicated with audience and answered related questions, bringing the atmosphere of the event to a climax.

2. On June 21, the essay session of "VNT Chain National Unified Examination" - Million VNT Challenge was full of firepower. Out of the 223 articles received by VNTer, 12 excellent essays emerged, and all participants actively built up their own VNT back-up groups to fight for the 108888 VNT Super Awards in the fierce competition. Will you regret it now If you did not submit an essay?

Development Progress

1. Consensus algorithm — 95% Completed

2. Smart contract programming prototype development –35% completed

3. WASM-based virtual machine prototype development — 40% Completed

4. Gas Design — 10% Completed

5. P2P module — 65% Completed

6. 3rd round functional testing of the Consortium chain Raft — 100% Completed

7. Stability test of the Consortium Chain Raft — 25% Completed.

8. The Performance test of the Consortium Chain Raft — 25% Completed

9. Consortium chain state encryption algorithm Development — 25% Completed

10. The block backup and archive solution of consortium chain — 55% Completed

11. The development of log module function of consortium chain –25% completed

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VNT Chain Labs
VNT Chain Labs

VNT Chain targets to build a global distributed smart value network based on blockchain technology.