SINOVATE Weekly Update 02/08/2021 ~ 09/08/2021

The BETELGEUSE release has successfully passed the testnet phase. Still, it requires additional development to fix some compatibility issues between our custom codebase and the Bitcoin core. The recent resolution by the SINOVATE decentralized autonomous organization (DAO) is to combine BETELGEUSE with CONSTELLATION to reduce upgrade workloads and avoid repetitive updates for users and exchanges.

ANNOUNCEMENTS & ARTICLES

We are very close to our release, a combination of Betelgeuse and Constellation mainnet upgrades.

  • The combined mainnet upgrade will consist of a new custom fourth-generation proof-of-stake algorithm, aka PoS4.
  • The new Bitcoin core codebase, 0.21.99, contains vast improvements in security, speed, and accessibility.
  • Mobile Wallet will include InfinityNode 1-Click node setUP in our mobile application with the never-before-seen node status features.
  • Binance Smart Chain and Ethereum bridges for DeFi exchanges and more.

Thank you for your patience and tremendous support!

COMMUNITY GROWTH & SOCIAL MEDIA

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

Sinovate.io STATS

DEVELOPMENT

We have been, as always, busy developing.

The upcoming Betelgeuse mainnet upgrade and the addition of proof-of-stake for hybrid consensus keep our development team occupied.

Released:

10a3db8 [sin]add broken blocks - crptec

f4c20d2 [nodeSetup] re-arrange the flow to avoid accide... - MIPPL

f4c20d2 [nodeSetup] re-arrange the flow to avoid accide... - MIPPL

cac5648 [nodeSetup] fixed bugs on wallet utxo and tx db... - MIPPL

94c1890 [nodeSetup] list unused burntx, test unused bur... - MIPPL

6ed042a [openssl] build Qt5.12.11 with openssl 1.1.1 - crptec

7af0ea6 [nodeSetup] implement wallet migration screen a... - MIPPL

f350bc2 [nodeSetup] implement wallet migration - MIPPL

c2571b9 [nodeSetup] finished migration screen - MIPPL

440b858 [Qt5] change to last version openssl 1.1.1k and... - crptec

aa7a85a [sin] flush infinitynode state after connect block - crptec

efde30b [sin]change testnet param - crptec

43d4855 [test] [gui] [Cryplander} remove the staking fo... - MIPPL

2bf9c57 [test] [gui] [Maxim] switching theme, results i... - MIPPL

123c1d4 [test] [gui] [BEET] change stats API endpoint. - MIPPL

c481f88 [nodeSetup] identify burn/meta tx in tx list - MIPPL

f00734b [test] [gui] fix light theme in several screens - MIPPL

94af2bf [test] [setUP] improve setup UI and flow (build... - MIPPL

BLOCKCHAIN STATS

MONTHLY NETWORK STATS

The latest Network Stats is also available to view:

July 2021 Network Stats Medium

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

July 2021 Financial Statement Medium

MONTHLY UPDATE

Our latest Monthly Report can be accessed below:

July 2021 Monthly Report Medium

Stay tuned for new announcements as they happen via Discord, Telegram, and Twitter.

As always, Thank you for your tremendous support.

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 Team

Blockchain dCloud Storage