SINOVATE Weekly Update 05/07/2021 ~ 12/07/2021

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. In July, CONSTELLATION will bring the first technological development of InfiniteChain, the Layer-2 technology of SINOVATE, with sidechains. 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

https://sinovate.io/blog/articles/upcoming-release-introduces-a-total-overhaul-of-the-core-desktop-wallet/

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:

235f538 [nodeSetup] implement basic HD wallet - MIPPL

3866d90 [nodeSetup] check balance - MIPPL

25c118a [nodeSetup] getOwnerAddress, prepare and burn t... - MIPPL

In progress:

  • Betelgeuse Mainnet upgrade.
  • Fourth-generation custom proof-of stake algorithm PoS4 hybrid-consensus.
  • BTC 0.21 Codebase.
  • Collateral side chain, asset creation InfiniteChain. Alterra Worldwide Partnership.
  • Incorruptible Data Storage. IDS — Step 1. B’Mail, Blockchain-based electronic mail.
  • bFTP. Blockchain File Transfer Protocol.
  • SINCORD Messenger (Decentralized Direct Messaging).

BLOCKCHAIN STATS

MONTHLY NETWORK STATS

June 2021 Network Stats Medium

The latest Network Stats is also available to view:

June 2021 Network Stats Medium

FINANCIAL STATEMENT

June 2021 Financial Statement Medium

The latest Financial Statement is also available to view:

June 2021 Financial Statement Medium

MONTHLY UPDATE

May 2021 Monthly Report Medium

Our latest Monthly Report can be accessed below:

May 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