TOP Network Biweekly Report: June 23th — July 6th, 2021

TOP Mainnet

According to TOPScan data, there are currently 737 miners and nearly 1.5 billion voting deposits on the TOP mainnet chain, the mining reward is about 310 million TOP. At present, TOP mainnet mining is still in the bonus period. The earlier you join the mining, the higher profit you can get. With the expansion of the TOP ecosystem and the rise of currency prices later, the long-term miners in the TOP mainnet will gain immeasurable benefits.

Technological progress

TOP Chain

1. The mainnet v1.2.3 is ready, and the tools related to the mainnet upgrade have been accepted and prepared. However, its optimized version, Staking DApp in standard H5 page mode, is still under development.

2. The acceptance of DApps and Ethereum contracts etc. for TOP Chain mapping has been completed. Some tweaks and optimizations to the homepage, documentation, and blockchain browser are in progress.

3. TOP mainnet mapping wallet HiWallet has been prepared, and the docking with the 3rd party hardware wallet began to start.

4. The technical and engineering difficulties to list on 3rd party exchanges have largely been cleared up. However, the overall progress is still slower than expected, and the time required to finally complete the process is uncertain.

Event Review

On June 30, TOP Network teamed up with Infinity to conduct an AMA in the Telegram community on topics related to TOP mainnet planning and ecological construction in the Telegram community. Allen Zhang, Overseas Marketing Director of TOP Network, introduced the development status and future plan of TOP Network in detail in AMA, especially the ecological application of TOP Network with over 100 million users, TOP mainnet mapping, and the major deployment after mapping aroused great interest of the community.

Upcoming Event

On July 24th, TOP Network, with the support of Hangzhou Yuhang District People’s Government, Hangzhou Future Science and Technology City Management Committee and 8BTC, will participate in the conference as the organizer of “World Blockchain Conference 2021 · Hangzhou”, and grandly release the information about TOP mainnet mapping at the conference.

The blockchain conference has gained wide attention both inside and outside the industry, with big names such as Li Daokui, director of the China Institute of Economic Thought and Practice at Tsinghua University, Vitalik Buterin, founder of Ethereum, and Li Ming, director of the Blockchain Research Office of the Institute of Electronic Industry Standardization at the Ministry of Industry and Information Technology, all attending.

At the same time, the conference has also gained the all-round support of dozens of domestic and overseas and internal and external media, such as Caixin, Cailian, Bitcoin and Jinse Finance.

About TOP Network

TOP Network is a decentralized blockchain ecosystem composed of 4th-generation public blockchain, decentralized Apps (DApps) and decentralized communications services.

TOP Chain, the public blockchain infrastructure underpinning the entire decentralized ecosystem, is the world’s first full-state sharding public chain and a high-performance platform for large-scale DApps. Powered by an innovative three-layered ledger architecture consisting of a main chain, service chains, and off-chain ledgers, TOP Chain is capable of handling real-world business of any size and volume. TOP Chain applies technological innovations such as a two-layer lattice DAG, two-layer sharding, and a parallel pBFT-PoS consensus mechanism, making a single chain capable of processing over 100,000 transactions per second. Equipped with high TPS, airtight security, and extremely fast confirmation times, TOP Chain is a reliable platform for services demanding high-frequency transactions such as communication, gaming, social media, big data, artificial intelligence, IoT, and more.

The long-term mission of TOP Network is to build a public blockchain infrastructure for all DApps. Our world-class team of over 100 developers is striving for this goal. We have already developed HiWallet, a cryptocurrency wallet, and are currently developing a series of blockchain games and more large-scale DApps on top of the ecosystem.

Moreover, over 100 million global users will be progressively migrated from the pre-existing communications Apps — Dingtone, CoverMe, and SkyVPN — to TOP Chain, generating a huge volume of transactions and traffic to make TOP a prosperous blockchain ecosystem.

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