SINOVATE Weekly Update 30/08/2021 ~ 06/09/21

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:

[nodelist] read owner address label if exists

[nodeSetup] fix errors derived from rpc changes

[gui] fix setUP login tab order

[testnet] Fork with async @ 11000

[pos] Move block download windows down

[misc] Check we don’t disable our own wallet

[ui] implement tx detail screen

[ui] add Cryplander’s design suggestions

[ui] change dark blue to darker (Cryplander)

[iOS] adapt textinput style for iOS devices, bump to 26

[gui] Change ROI term to APY

[send] fix send bug with older privkey wallets

[ui] implement design suggestions in network stats screen (Cryplander), bump to b27

[sin] change GBT for Sinovate [Qt] gui message

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:

August 2021 Financial Statement

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

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