SINOVATE (SIN) provides a summary of news, progress, and project development every week. We are thoroughly testing the PoS4 hybrid algorithm before the implementation of the upcoming Betelgeuse Mainnet upgrade. Staking will go live soon with no major bugs found. We are in the final testing phase in private testnet, and we will open our doors for public testnet tomorrow.
Stay tuned for new announcements as they happen via Discord, Telegram, and Twitter.
ANNOUNCEMENTS & ARTICLES
SINOVATE solving cryptocurrency inflation with Proof-of-Burn.
https://sinovate.io/blog/weekly-update/sinovate-solving-cryptocurrency-inflation-with-proof-of-burn/
Burning transactions fees is another great way to combat inflation. The more SINOVATE network transactions mean, the more $SIN coins that get burnt. This reduces the supply of coins available on the market.
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:
10fc6d7 [misc] Fix estimates, add RPCs - giaki3003
86a9fb8 [PoS] enable staking by default, add `setstakin... - giaki3003
357f114 [qt] Fix openssl compilation - giaki3003
30cb06f [PoS] Add new modifier algo, fork testnet - giaki3003
92c775a [gui] minor visual fixes - hardwarewise
ee2aea0 [sin] use the same fork Height of nPoSModSwitch... - crptec
34af1ae [gui] remove lines of code that caused the error. - hardwarewise
b12b8ee [sin] add more controle in updatemetadata - crptec
c49bb82 [build] fix MAC Os compilation error - hardwarewise
63c9821 [sin] add broken blocks - crptec
a5dde5e [gui] change staking switch state - hardwarewise
a7652ee [sin] Fix xpub/xprivs - giaki3003
bcbed70 [sin] set tempo nPoSModSwitch in mainnet, use f... - crptec
aef9846 [sin] set forkheight for new updatemetadata - crptec
b63a60b [sin] use fork height param for meta update - crptec
0ea4afd Update inwallet_1click_guide.md - 008
f757764 [qt] Make select all inputs aware of byte const... - hardwarewise
29c019e [gui] fix home behavior when changing wallet - MIPPL
d7a8eac [gui] expand stats page total nodes field - hardwarewise
e32c91c [pos] Fix restakes - giaki3003
9fe37dc Change Bitcoin to SIN in hardcoded output strings - hardwarewise
628ffa9 [nodeSetup] adapt unlock method to multiwallet - MIPPL
0c7ca5f [nodeSetup] fix commit string for API, remove u... - MIPPL
78d9ab9 [nodeSetup] remove other logprints - MIPPL
6287e4a [sin] Let the indexer catch up when validating ... - giaki300
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 UPDATE
Our latest Monthly Report can be accessed below:
FINANCIAL STATEMENT
The latest Financial Statement is also available to view:
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.
