SINOVATE Weekly Update 19/07/2021 ~ 26/07/2021

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 August, 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

We are very close to our massive 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.
  • InfiniteChain will have asset creation, tokenization, and a new partner, Alterra Worldwide American real estate company.
  • The new Bitcoin core codebase, 0.21.99, contains vast improvements in security, speed, and accessibility.
  • InfinityNode 1-Click node setUP will be included in our mobile wallet app with the never-before-seen status features.
  • Constellation release is the end of service nodes and consensus infrastructures. Time for our dCloud use case releases!
  • 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:

c497720 add doc files - hardwarewise

bb08f3c add doc images - hardwarewise

715988d add more doc images - hardwarewise

3d51306 [nodeSetup] send burn and meta, get node info f... - MIPPL

9de0c71 [nodeSetup] implement custom burn script - MIPPL

67a506d [nodeSetup] rebuild utxo management to support ... - MIPPL

10a3db8 [sin]add broken blocks - crptec

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

BLOCKCHAIN STATS

MONTHLY NETWORK STATS

The latest Network Stats is also available to view:

June 2021 Network Stats Medium

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

June 2021 Financial Statement Medium

MONTHLY UPDATE

Our latest Monthly Report can be accessed below:

June 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