SINOVATE Weekly Update 16/08/2021 ~ 23/08/2021

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:

cf3156c [DIN] fix burn coin from owner address - crptec

81fc2e1 [gui] add burn icon - hardwarewise

fd6b644 [gui] add burn txrecord - crptec

54ec5ab [gui] Customize burn tx record icon by theme. - hardwarewise

faa4686 [gui] Add burn txrecord filter to Transaction List - hardwarewise

fca9d1d [gui] change release name - hardwarewise

8442448 [gui] fix qt test - hardwarewise

358055d Update bitcoingui.cpp - Cryplander

04682f6 [pos] Fix sync behaviour - giaki3003

ffcdaa2 [gui] restore codes (max bytes to select) - hardwarewise

23cdd01 [gui] change whitepaper link to litepaper - hardwarewise

b34e1b1 [gui] fix typos - hardwarewise

b02befe [gui] fix typos - hardwarewise

b2148f1 [ui] change tx amounts to white color (Cryplander) - MIPPL

594934b [sin] add broken block - hardwarewise

2c72430 [ui] fix textinput editing bug (Cryplander) - MIPPL

02b680c [nodeSetup] increase min relay fee and show err... - MIPPL

8339d81 [txlist] sort tx global list by confirmation nu... - MIPPL

096662e [nodeSetup] support special characters on password - MIPPL

89dc5d4 [tx] fix send transaction issues - 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