SINOVATE Weekly Update 13/07/2020 ~ 20/07/2020

SINOVATE (SIN) provides a summary of news, progress, and project development every week. As COVID-19 measures continue to ease and the summer holiday season now upon us, the crypto sphere is experiencing a quieter than usual period for new announcements. The closed testnet phase for the DIN (Deterministic Infinity Node) 1.0 codebase is well underway, with the SIN team thoroughly checking and rectifying bugs prior to the mainnet AURORA upgrade release. Exact details regarding the upgrade will be communicated shortly. Please stay at home, follow the rules, and most importantly stay safe.

ARTICLES & REVIEWS

SINOVATE: Blockchain Data Storage and Infinity Nodes with Proof-of-Burn Review released

Many thanks to Satoshi Sean for his fantastic review of the SINOVATE project. Sean provides a thorough analysis of our upcoming cloud data storage solution Incorruptible Data Storage (IDS), as well as the masternode enhanced Infinity Nodes. Details are given on how infinity nodes function, collateral requirements and node tiers, potential return on investment, and how the custom-created Infinity Nodes 1.0 will differ from all other masternode offerings.

An explanation is also provided on our Proof-of-Burn reward algorithm, and the essential role this plays for continuous network stability and security currently as well as latterly for IDS. Watch the blockchain data storage and infinity node review here.

COMMUNITY GROWTH & SOCIAL MEDIA

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

Sinovate.io STATS

DEVELOPMENT

Released:

be323da [threading] Take main here, so index parts don'... - giaki3003.

856a58c [threading] Avoided locking infnodeman before we ... - giaki3003.

cdd74f7 [threading] Avoided locking (and scanning) mempoo... - giaki3003.

b5d6027 [threading] Locking revert - giaki3003.

1a74a96 [threading] More locking reverts - giaki3003.

6351e41 [threading] Locked reverts (again) - giaki3003.

8a1cafd [threading] Locked reverts (final) - giaki3003.

ba05d50 [threading] Increased granularity when picking ... - giaki3003.

9371e85 Made sure miner/validator get all lock before b... - crptec.

fe70ec0 Locked both main and cs - crptec.

c4de1d8 Fixed deadlock possible - crptec.

929b962 Fixed deadlock and warning message - crptec.

73edeb8 [threading] Avoided locking here while calling Bl... - giaki3003.

00a6f50 [threading] Take this lock before locking mempo... - giaki3003.

In progress:

Infinity Node 1.0

  • Revolution of node structures.
    • Pure new custom code.
    • Deterministic Infinity Node infrastructure.
    • Schnorr Signatures.
    • Double run in mainnet.
  • I.D.S. — Step 1
  • Incorruptible Data Storage.
    • SIN Messenger (Decentralized Direct Messaging).
    • Blockchain-based Electronic Mail.

Blockchain Stats

Monthly Update

Our latest Monthly Report can be accessed on Medium:

June 2020 Monthly Report Medium

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

June 2020 Financial Statement Medium

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.

Author: Amit Kaushal

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