SINOVATE Weekly Update 23/08/2021 ~ 30/08/21

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:

064aa20 Add files via upload - Cryplander

9015953 [misc] Remove obsolete double check - giaki3003

54cd51d [PoS] Move checks to block ctx - giaki3003

98adaea [PoS] Avoid index/block async for PoS - giaki3003

5619f58 [gui] add more burn address - crptec

f97e387 Merge branch 'gui-0.21.1-backport' of github.co... - crptec

decee79 [gui] remove Show InfinityNode Tab option - hardwarewise

734729e [testnet] Move mods down for speedy activation - giaki3003

3971aa1 [misc] Enable staking wallet selection for mult... - giaki3003

4e43ead [misc] Add interface helpers for multiwallet st... - giaki3003

6a73ec2 [misc] Improve logging on block creation - giaki3003

adcb8a2 [misc] Add wallet name on getstakinginfo for mu... - giaki3003

53ee658 [misc] Add core stake wallet selection for mult... - giaki3003

424d553 [misc] Show wallet from staker ctx instead of c... - giaki3003

424d553 [misc] Show wallet from staker ctx instead of c... - giaki3003

1click testnet to main

[gui] add message string to transaction list row tooltip

[gui] add node message to transaction list

[gui] change MotD color

[nodelist] read owner address label if exists

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