SINOVATE Monthly Update: September 2021

Greeting SINOVATORS,

The BETELGEUSE release had successfully passed the testnet phase some time ago. Furthermore, it requires additional development to fix compatibility issues among our custom Proof-of-Stake, Deterministic InfinityNodes, and the Bitcoin core codebase of 0.21x.

We have been developing our upcoming mainnet for a while, but we have encountered unforeseen delays. Delays always happen for code perfection.

Members who have been with us for a long time already know that hardfork times are always like this. The community is a little quiet, and there is less activity than usual.

However, every hardfork release constantly improves everything and, of course, our code. This hardfork is especially important due to moving to a new codebase and adding proof of stake to our consensus. The new codebase and the infrastructure it brings will be the foundation of everything that we will build for the future, so it must be rock solid.

We are here to build a storage platform for decentralized cloud services. That is our only goal. We want to give power of data in the hands of people, and we will achieve this sooner or later in slow but sure steps.

Again, we thank you all for your patience and support, and we will not let you down ever!

ANNOUNCEMENTS

COMMUNITY GROWTH & SOCIAL MEDIA

We continue to experience growth across all social media and communication channels:

Sinovate.io STATS

DEVELOPMENT

Released:

10a3db8 [sin]add broken blocks - crptec

61df67f [nodeSetup] node list screen and other UI fixes - MIPPL

b74cf0b [stats] fix ROI calculation bug for MINI - MIPPL

In progress:

  • Betelgeuse & Constellation Mainnet.
  • Fourth-generation custom proof-of stake algorithm PoS4 hybrid-consensus.
  • BTC 0.21 Codebase.
  • Collateral side chain, asset creation InfiniteChain.
  • Incorruptible Data Storage. IDS — Step 1. bMAIL. Blockchain-based Electronic Mail.
  • bFTP. Blockchain File Transfer Protocol.
  • SINCORD Messenger (Decentralized Direct Messaging).

BLOCKCHAIN STATS

MONTHLY NETWORK STATS

The latest Network Stats is also available to view:

July 2021 Network Statistics

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

September 2021 Financial Statement

ALL UPDATES

All weekly and monthly updates are available on our blog here.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

Website Discord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

SINOVATE

Blockchain dCloud Storage