[POC]Lava - A Root-of-Trust and Top-level indexing for global storage


 

Lava
- A Root-of-Trust and Top-level indexing for global storage

What is Lava?
Lava is a digital and cryptographic infrastructure based on Proof-of-Capacity (PoC). Also, it embodies Root-of-Trust and Top-level Indexing mechanism for the global storage space.
PoC is a consensus mechanism with high security but low energy consumption, and of great fairness and openness. It is therefore conducive to building a stronger trustless on- chain ecology and assembling a wider range of consensus and value. Lava has adopted an improved PoC mechanism, namely Lava- Firestone, greatly relaxing the hardware barriers set to maintain a decentralized network, and making it easy and cost- effecient for anyone to utilize handy but idle storage devices to participate in block forging.
The whole ecology is designed for a complete close loop: Lava builds consensus from global storage space, and in return gives feedback to the space with the trust-value gained from consensus. The concept of “building” comes from the PoC consensus mechanism adopted by the main chain. It requires a large and distributed storage
networks to contribute “capacity power” to create Root-of-Trust on the blockchain. And the trust-value feedback, based on the decentralized trust facility, Lava, is widely used as a general and core open protocol for indexing and mobilizing global storage resources by third-party applications and services through such proven mature technical solutions as cross-chain extension, virtual token coloring, and distributed content-addressable storage networks.

About Lava
Consensus from Space
Lava Blockchain operates on Lava-Firestone, a Proof of Capacity (PoC)-based consensus mechanism. You prove to the network the storage capacity you hold, participate in the competition of block forging, and maintain the security and credibility of the whole decentralized network. As a permissionless and threshold-free consensus protocol, Lava enables you to participate in our consensus by contributing storage capacity wherever you are and whatever storage devices are in your hand. Lava is featured by such protocols of great openness that in return makes itself infinitely scalable.

Green Mining
PoC mining in Lava Blockchain does not consume electricity as in stereotypes. Rather, it relies on statically stored data, with no high-powered computing devices required. One percent of power consumption merely will be enough for PoC protocol network to achieve security equivalent to that of PoW. What is more, as PoW will inevitably go ASIC, which as a result weakens the degree of system decentralization. PoC protocol, however, has naturally bypassed such problems by working on mining blocks with storage devices.

Meaningful Storage
Lava Blockchain has all the way been refining and presenting a powerful consensus practice from global storage space and become a trust infrastructure for distributed social collaboration. But it doesn't stop there: Thanks to the growing maturity of cross-chain communication technology and the ever-increasing scale of distributed content-addressable storage networks, Lava can come with decentralized storage applications that help feed trust value into social value. In the future, Lava will in stages build a master protocol based on Layer 2 Embedment and Underlying Indexing, and support all distributed content-addressable storage networks to be embedded into the Lava mainchain in the form of Layer 2.

Info
Website
https://www.lavatech.org

Block Explorers
http://explorer.lavatech.org/

White Paper
https://www.lavatech.org/en/pdf  

Twitter
https://twitter.com/LavaConsortium

Facebook
https://www.facebook.com/LavaStorage/

Medium
https://medium.com/@Lavatech

Github
https://www.github.com/lavaio

Telegram
https://t.me/lavatech

QQ group
869133068

discord
https://discord.gg/ddEhBPp

Lava Specifications
Mining alhorithm:Shabal
Blocktime:4 min
Max Supply:332,800,000 LV
Block Reward:640 LV if a Firestone is consumed by the miner, or 320 LV if not; Halving period: 260,000 Block Height (which last approximately two years);
Lava mainnet officially launched:28-Aug-2019
Premine:
·Tech team 2%;
·Community development start-up fund 2%;
·Lava Foundation, for mid to long-term ecology development 3%;
······Total 7%

Lava Mining
Pools
www.168pool.com
www.b3pool.com
www.onepool.co

-About:
Lava Plotting & Mining Instruction:https://github.com/lavafy/testnet/blob/master/Lava-Plotting-and-Mining-Guide-EN.md
Lava-Miner-Guide-EN:https://github.com/lavafy/testnet/blob/master/Lava-Miner-Guide-EN.md
Lava Full Node (Lava Core) Guide:https://github.com/lavafy/testnet/blob/master/Lava-Full-Node-Guide-EN.md
A Guide for Lava Firestone:https://github.com/lavafy/testnet/blob/master/Lava-Firestone-Guide-EN.md
A Guide for Lava Binding Mechanism:https://github.com/lavafy/testnet/blob/master/Lava-Binding-Guide-EN.md

Wallets & Downloads
Linux full node wallet:https://github.com/lavafy/testnet/releases/download/lava-v0.3.4/lava-linux-v0.3.4.tar.gz
Osx full node wallet: https://github.com/lavafy/testnet/releases/download/lava-v0.3.4/lava-osx-x64-v0.3.4.tar.gz
Windows full node wallet: https://github.com/lavafy/testnet/releases/download/lava-v0.3.4/lava-win64-v0.3.4.zip
windows-disable full node wallet: https://github.com/lavafy/testnet/releases/download/v0.3.2/lava-win64-disable-asm-v0.3.2.zip
Lava Miner:
https://github.com/lavafy/testnet/releases/download/v0.3.0/lava-miner-v0.1.7.zip
Windows light wallet:
https://github.com/lavafy/testnet/releases/download/v0.3.2/lava-light-wallet-1.0.5-mainnet.apk
Win full node gui wallet:https://github.com/lavafy/testnet/releases/download/lavaGui-v0.4/lava-qt-v0.4.zip
Mac full node gui wallet:https://github.com/lavafy/testnet/releases/download/lavaGui-v0.4/lava-qt-mac-v0.4.zip
Android light wallet:https://github.com/lavafy/testnet/releases/download/v0.3.2/lava-light-wallet-1.0.5-mainnet.apk.1.1.zip 


Comments 6


Events | PoC Emerging Project LAVA will Open Source on this 16th Day

According to LAVA official news, LAVA will open code source on the 16th of this month, which will later be released on Github. In the early stage of the launch, the LAVA team has clearly stated that it will open source after product moving online. The source opening this time will greatly promote the overall ecological development of LAVA. It is also hoped to attract more open source developers to join the LAVA community to co-build the LAVA ecosystem and develop infrastructure for global storage.
Lava is a fully decentralized PoC project. The entire network computing power is without limits. Lava’s vision is for itself to become a root of trust and top-level index of the global storage spaces, positioning to develop into a meaningful storage infrastructure and supporting applications and services based on decentralized storage networks.

Telegram: https://t.me/lavatech
Twitter: https://twitter.com/LavaStorage
Lava official website: https://www.lavatech.org/

12.12.2019 21:22
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Lava’s Open Source丨A New Era of PoC Ecology Development

In 2009, the Bitcoin came into the world. Its creator, Nakamoto, wanted to develop a new decentralized payment system that frees a centralized accounting unit thereby enabling everyone the right to do the accounting. The entire process is completely open and transparent. That’s how the concept of “decentralization” has arisen.

Nakamoto also opened the Bitcoin project code in the community, and Bitcoin became the first open-source blockchain project in history.

Since then, Bitcoin and PoW (Proof of Work) began to enter the public attention. While due to the waste of resources and centralization of computing power shown by the PoW mechanism over time, it became increasingly unfit for the current environment. Luckily, with the continuous exploration done by many blockchain practitioners, projects centered on the PoC (Proof of Capacity) mechanism have emerged.

In 2014, Burst embarked on the PoC (Proof of Capacity) consensus mechanism. The strength of this consensus is that it only requires the equipment of lower cost and enables everyone to participate in the forging by using idle resources. By doing so, Burst followed the spirit of decentralization and sharing, where he made the source code of the project available for all. Though the project did not achieve substantial success in the traditional sense due to the economic model it adopted, the code sharing has provided inspirations for many latecomers.

On Oct. 16th, 2019, Lava officially opened its source on Github, a platform with more than 9 million global developer users, in order to involve more people to participate in the project and promote the development of PoC and even the blockchain as a whole. Lava is there committing to building an open-source, inclusive, and decentralized ecosystem.

What does open source mean to us?

If you compare the blockchain technology to a super-large ledger that everyone can view, then such a large ledger will naturally require multiple parties to participate and collaborate. But how to quickly establish mutual trust in the process of collaboration? Perhaps the best way to do this is through the open source.

First, the code is kept wholly transparent. The whole blockchain ensures the trust of the network and data through increasing the number of participants. Only when the whole network is transparent and open-source can it attain such a level of real trust.

Besides, more technical talents will be involved. The diversity of the community after the open source needs more global blockchain enthusiasts and co-builders, which to some extent can also help increase the innovative ability of the project.

Moreover, the efficiency will be improved with lower code error rates. With a multi-party supervision, the team will pay more attention to the code quality of the project and minimize project vulnerabilities, thus lowering development costs in some way.

Finally, the development of the whole blockchain industry will be boosted. In the future, all the public chains are expected to be more closely connected. Only by opening source, can we effectively reduce those repetitive work and achieve the real high-speed development of the blockchain as a whole.

It is worth mentioning that among the many PoC projects, Lava was the first to propose opening the source at the beginning of its project. Lava's core development team is made up of a group of tech-loving blockchain geeks crazy about challenges and sharing. Opening source on Github means that Lava will face global enthusiasts and co-builders of the industry in a more open and fully-fledged way in the future. Also, it means that Lava starts to pay more attention to external feedbacks, which will in turn urge Lava to build more standardized code and constantly improve project security and usability.

Through opening source code, Lava demonstrates its rigorous technical foundation and exploration of decentralized ecology in front of global technicians and blockchain investors. If there is someone claiming that PoC is nothing more than the underlying model of Bitcoin, which only replaces PoW with PoC. Lava definitely is going to rock his mind.

The reason is that apart from optimizing the PoC consensus mechanism, Lava also creates the unique "Binding" and "Firestone Mechanism." The following are the highlights of these two mechanisms.

  1. Binding

"Binding" is a computing power allocation mechanism innovated by Lava. It allows users to bind the computing power of their own hard disk capacity to another user, so that both parties' revenues are transferred to the bound address. This can help miners to flexibly switch and combine computing power while maintaining existing Plot files, which at a certain point blurs the boundaries between miners and non-miners. In the future, "Binding" will also support more diversified organizational forms of mining pools. It will also extend the expansibility and operability of the Lava ecology in some way.

  1. Firestone Mechanism

The "Firestone Mechanism" is a Lava-specific on-chain proof used for representing the user's contribution and share of economic rights. Currently, it is mainly generated by freezing or mortgaging Lava, and you can also obtain double mining rewards by consuming "Firestone". Through this " Firestone Mechanism", Lava has carried out the Staking mining philosophy and is trying to strike a balance between the supply and demand of miners and tokens in a decentralized way.

Instead of designing it as a mere reshuffling process, Lava hopes to create a more moderate, stable and sustainable development model through its original Binding and Firestone Mechanism. The Lava team wants to do something that brings value to society, which is committed to building a PoC-based, decentralized, and global generalized storage space-based Root of Trust and Top-level Indexing.

In addition, Lava has released the Lava Improvement Proposal (LVIP) for the open source, which is similar to Bitcoin BIP mechanism. The LVIP refers to maintaining and managing Lava through texts or files. Through this mechanism, users and developers can propose any improvements to the Lava-related processes. There are two types of LVIP mechanism: one responsible for the improvement of Lava protocols (protocol type) and the other responsible for the improvement of aspects other than the protocol type, such as the use and mining by users. The two types also demonstrate different result orientation and process flow.

The process map of lvip

Lava hopes to manage the community in a planned and traceable way through LVIP. By paying enough attention to the suggestions made by developers and presenting the developing process of these suggestions in a written fashion, it helps users and developers to better speak their minds and participate in the project construction. This mechanism will build a stronger consensus for Lava and provide institutional guarantees for the long-term prosperity of the project and community, thereby attracting more industry co-builders to participate into the development of the PoC ecosystem.

Lava's open source and the launch of the mechanism this time adhere to the spirit of rigorousness, and strictly follow the principle of decentralization. It is never a groovy-sounding gimmick under the "decentralization" name, but one that really wants to do its bit for the construction of PoC ecology. In the future, the Lava team will continue to dive deep into the exploration of technology, and we welcome all blockchain enthusiasts and co-builders around the world to join us!

12.12.2019 21:23
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Q & A about LAVA

Q:What is PoC?
A:PoC is an abbreviation of Proof-of-Capacity. Capacity here refers to hard disk capacity.

Q:What makes PoC different from Proof-of-Space?
A:Actually, Proof-of-Space is an old term which basically means the same with PoC. Since the abbreviation of Proof-of-Space (PoS) coincides with that of Proof-of-Stake (also PoS), PoC is then commonly adopted to represent the Proof-of-Capacity. Normally speaking, PoC=Proof-of-Capacity=Proof-of-Space, but Proof-of-Space is not that commonly used now.

12.12.2019 21:24
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Lava “Firestone Mechanism”: An Updated Version of Staking

Staking is no longer a stranger to those who are active in the mining field this year, which has set off a new trend of “everyone mining” and has also brought PoS back to the spotlight.

The rise of Staking is largely due to the fact that drawbacks of PoW mining are becoming ever more apparent with the current market not doing very well. Those early participants had been lucratively rewarded, while latecomers could only feed themselves on beautiful fancies. What is more, today's currency price is by no means the same as that of 2017. To increase computing power, the cost and the energy consumption are both climbing. The Golden Age of those mining machines that used to be held fantastic has silently begun to fade away. If the situation continues, with the number of the miners reduced and the head mining pools still occupying a large proportion of computing power, 51% attack is no longer something far away.

Against such a backdrop, the Staking came into birth, following the PoS mechanism. By strength of a few star projects, such as Tezos and Cosmos, Staking has been one of the hottest stars for a long period of time. In PoS or any PoS-resembling mechanism, anyone can use encrypted assets to obtain token rewards through the “lock-up” by Staking. Also, the rate of return is calculated in terms of the currency standard, and it depends entirely on the expansion model of the corresponding cryptocurrency.

Staking consists of two modes: MasterNode and Dividends. MasterNode means that a node could only be able to provide network services and obtain interest rewards after itself having stored a certain number of tokens. In other words, a node can gain corresponding returns if there are users receiving network services provided by it.

The other mode, Dividends, as the name suggests, is a dividend-like way referring to obtaining interest by holding tokens, which is commonly adopted by the market today. Also, there are modes of dual tokens, such as those getting token reward from B while holding A tokens.

In the Staking model, it is not the case that the more tokes you pledge, the more tokens you will accordingly obtain. Rather, the fact is that the more tokens you pledge, the bigger your possibility of mining will tend to be. However, with the market being so excited about Staking, coupled by the recent market rise, many exchanges and mining pools have also launched their Staking service lines, attempting to lobby for a slice of this pie.

From the perspective of maintaining decentralization, Staking can guarantee the normal running of the blockchain and ensure the activity of the public chain, thus improving the security. This may be the biggest value of Staking. Despite this, Staking is not without problems. Staking's so-called “interest” and “dividend” have long been questioned, that is, the value of the token after additional issuance.

The current Staking projects all have an additional issuance mechanism, with the rate generally between 3% and 6%. While inflations caused by the additional issuance of projects have long been noted by the industry. According to the data where rates of inflation are ranked from high to low, we can find that - the top 10 inflation rates are close to 80% with the lowest stay at 16%, indicating that bubbles inside it may come into a break any time.

In addition, Staking is inseparable from the “lock-up”. Building on this, many Capital projects will require investors to do the lock-up for half a year or more, but it will take more than half a month to unlock. What's worse, the investors have no control over the return gained from the lock-up, and the rate may be 6% or simply 1%, totally in the hands of Staking providers.

As a leader of PoC, Lava proposed the concept of “Firestone Mechanism” and completely mitigated the above problems. So, what is the “Firestone Mechanism”? Actually, it is a Lava's unique proof with the consensus building as a previous goal, supporting the pledge of LAVA token LV to obtain double mining output, which however is not mandatory. Also, the value of the Firestone is regulated by the market. Therefore, the project has no final say over how many LVs can be pledged to generate the Firestone.

We all know that prices fluctuate around value. In addition to the supply and demand of the market, the supply of Firestone also depends on the value of projects in some way. Moreover, Lava does not carry out ICO (Initial Coin Offering) or any token pre-sale, so the concept of valuation is not fit for Lava, whose price is completely determined by the market.

The freeze ratio of Firestone is dynamically adjusted at the beginning of each slot (every 2048 block height). When the number of Firestone in the previous Slot exceeds the target value 2048, the freeze rate of the Slot will increase by 5%; And when the number of Firestone in the previous Slot is less than the target value 2048, the freeze rate of the Slot will decrease by 5%.

At present, rules for the Firestone also vary according to different mining pools. For example, in B3pool there is an 2-8 split of the income between miners and users who buy Firestones, while the split becomes 6-4 in onepool, where users who discover a new block can be awarded an additional 50 Lavas. Besides, 168pool features a combination of the exclusive mode of Firestone income and the sharing mode of Firestone income.

The above-mentioned exclusive mode of Firestone income can be understood as a miner holding the Firestone and generating block, will enjoy the full income (double mining reward). While the sharing mode refers to that all miners holding the Firestone will share the block reward. When generating blocks, mining pools will automatically detect the proportion of each miner's Firestone share and their valid capacity ratio so that block reward can be calculated based on the corresponding weights assigned to each miner.

The joining of Lava Firestone Mechanism has made Staking no longer just a way of obtaining “interest” by the pledge, greatly enriching the modes of Staking. In addition, Lava is also capable of a power binding mechanism, which allows users to bind their own computing power to another user, so that the income of both parties can be transferred to the bound address. The binding of computing power means that the organization of mining pools will be more diverse, and the ways it can be shaped in the future are also more varied.

Simply put, the Firestone Mechanism is like an upgraded version of Staking, which inherits all the merits of Staking and mitigates the inflation rate that has long been criticized.

The reason why the Firestone Mechanism was designed by Lava is to enable the natural adjustment of the Firestone price by the market. In this way, the enthusiasm of the miners can be incentivized in the first place, ensuring the activity of the chain. Moreover, it will prompt the market to generate increased vitality and hence have more possibilities to make the miners and the mining pools to work more closely together. Also, the price can be a signal to reflect the gap between supply and demand, and the economic model of projects can be timely adjusted. All these will be more conducive to the development of the Lava ecosystem. Also, it aims to make itself inclusive enough to accommodate more blockchain co-builders and face the market with more freedom, rather than perusing a steeply changing economic model.

Lava has always focused on improving the problems of existing consensus mechanisms by focusing on the PoC consensus mechanism. As indicated by its vision, it has been working to build an underlying framework for global PoC participants, to create a “root of trust”, and to establish a global “top-level index” based on this.

12.12.2019 21:27
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Lava Chinese community online interview

In this period, we will interview the developer of the Lava core development team, Uncle ZHONGBENYING, on some related issues the community is now very concerned about.
Q:What about your team’s recent development progress?
A:
Currently, the Lava technical team is focusing on developing two projects. One is the Cold Firestone we mentioned before. By this far, an alpha version has been fully developed and used in conjunction with mining pools. Yet since the Cold Firestone is complementary to the rest elements of the entire Lava development blueprint, using the Cold Firestone before the development of other elements are completed will unavoidably bring about some flaws in the business (we will talk about this later). Meanwhile, however, the development of the Cold Firestone is the most fundamental part of the entire development blueprint. That’s why the Lava technical team eventually decided to give priority to the development of the Cold Firestone in the whole process.
The second is the Symmetric Cross-chain Atomic Switch which has not been talked about before (the official name has not been decided yet). I guess you might think this is a very obscure name. In fact, the Symmetric Cross-chain Atomic Switch functions in a very simple way, that is, to achieve decentralized and trustless Bitcoin and Lava cross-chain transactions. Imagine how convenient and exciting it will be when Alice holding BTC immediately completes a transaction with Bob holding LV through our switch without any intermediary or the need to recharge BTC, purchase LV, and take LV through exchanges, which otherwise will require a huge sum of transaction fee and trouble users with the worry of exchanges being stolen.
At present, the Lava technical team has completed the technical verification of the Switch and is gradually advancing subsequent development and tests. I believe that in the near future, we will be introducing the design and use of the switch to the community in great detail.

Q: What is the Cold Firestone, can you tell us about its origin?
A:
As we said in our previous live broadcast that the Cold Firestone is the key to our entire development blueprint. Also, it complements other elements. Then how should we understand the Cold Firestone? We shall start with explaining the reason why it was needed, which involves two known defects of the current Firestone.
The first is about private key being leaked. I believe everyone has found out that if you want to use Firestones in finding a block, you have to deposit your private key in the full nodes of the block. However, for those average users, the full nodes are exposed to a network that is not that secure, where you cannot create a firewall to protect your own host like when you are dealing with Firecoins. Some users of huge computing power consumption may put their nodes on the Alibaba Cloud, which in fact is just relatively safer than their own PCs. Even if your storing platform is as strongly credible as the Alibaba Cloud, there is still a possibility of your coins being hacked. There is a man in the community who suffered a painful loss of 50,000 LVs when forgetting to exit the program after logging in the Alibaba Cloud.
The second is the issue of trust crisis. I don’t know if you have seen that the purchase of Firestones has actually developed into two modes. One is that miners buy Firestones for their own, and the other is that token holders buy Firestones for miners and they privately make agreements on dividing the gains of finding blocks (in fact, it is like renting Firestones to the miners). Though both these two modes are actually what we hope to see, the technical team still has some concerns about the latter.
Technically speaking, a token holder buying Firestones for a miner is the same as the token holder buying Firestones for an address that does not belong to him/her. This will cause a problem, that is, mortgage funds will nevertheless be released by the very address regardless of whether Firestones have been actually used for finding blocks or just expired. The decision is never in the token holder’s hands. This also means that the token holder has no choice but to trust the miner address, or in other words, he/she has to face trust risks. We can’t ignore the existence of such risks because we haven’t seen terrible things happening. We need to be clear in our mind that there is no unbroken bottom line in the blockchain world, which may imply that sometimes our loss cannot be covered by our gains.

Q: Can we understand that the Cold Firestone is actually providing us with a safer and more decentralized Firestone lending mechanism?
A:
You may say so. Given the security and trust related issues that we previously described, the Lava team felt it necessary to provide a safer choice for our community users, and that’s how the Cold Firestone came into being.
In using Cold Firestones, you do not need to have your private key stored in block nodes, and it is not necessary to directly purchase Firestones for users of great computing power consumption. Users can directly purchase Firestones to their own addresses and process Firestones into Cold ones by using some new functions (this step only requires the user’s own private key, so it can be operated in an offline environment). The data packet serialized by the Cold Firestones can be transmitted to the users of great computing power consumption (the transmission process can even be through WeChat, mail, etc.). Then users load the packet into their own block nodes based on their received Cold Firestone data and wait for the block generation and the Cold Firestone CRIT. We can see from the whole process that users of great computing power consumption no longer need to import their private key into their block nodes. Also, users do not need to buy Firestones to the address of others. Thus, released LVs will directly return to the purchaser’s address after the Cold Firestone CRIT, eliminating our aforementioned security and trust issues.
Of course, the current Cold Firestone is definitely without flaws:

  1. There will still be 320 LVs entering the address of the blockers (the above-mentioned users of great computing power) after the Cold Firestone CRIT, the proportion of which needs to be determined by the two parties through negotiation.
  2. The Cold Firestone data packet may be intercepted or stolen by others. Although the release will eventually return to the buyer, the 320LVs after the Cold Firestone CRIT may be siphoned off by hackers.
    These flaws will be gradually resolved and finally perfected after the rest elements mentioned in the blueprint are launched.

learn more link:
Telegram: https://t.me/lavatech
Twitter: https://twitter.com/LavaStorage

12.12.2019 21:28
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Quarterly Inventory & Review by Lava China

Quarterly Development Report by Lava China Tech Team:

8.28 Launched the mainnet and released the full node wallet (Stable Version 0.3.1).
9.1 Released the LightWallet (Version 1.0.5).
9.7 Released the full node wallet (Stable Version 0.3.2) and fixed the double spending of Genesis Block.
9.15 Joined to 168pool and B3pool and provided technical support for them.
9.25 Launched Lava Android Wallet (Version 1.0.5) officially.
9.27 Developed the Scavenger mining software.
9.30 Submitted Scavenger code to Github.
10.9 Launched Gui Wallet V0.1.
10.16 Opened source officially and published specific rules for LVIP.
10.16 Released the full node wallet (Stable Version 0.3.3) and developed new functions by:

  1. Adding a 15000-height Checkpoint to prevent computing power attacks;
  2. Modifying the submitnonce interface to support wallet mining in an encrypted state.
    10.18 Provided technologies for Zettapool and Onepool and assisted the launch of mining pools.
    10.22 Proposed the concept of “Cold Firestone” and submitted it to LVIP0002.
    10.30 Completed the design of the Cold Firestone structure, realized the functions of the Cold Firestone, and passed the internal test on the test network.
    11.1 Joined to mining pools abroad, such as Foxypool.
    11.5 Finished a design draft (LVIP0003) for cross-chain Atomic Switch.
    11.10 Passed the internal review of the cross-chain (BTC to Lava) Atomic Switch implementation plan.
    11.22 Finished the cross-chain Atomic Switch code and prepared for internal test.

Quarterly Report by Lava China Community:

  1. Community building: The number of community users has exceeded 7,000 in 12 weeks since the launch of the mainnet.
  2. Network capacity: As of now, the computing power of the network has exceeded 700p.
  3. Mining pool ecology: Several mining pools both at home and abroad have officially launched Lava to jointly promote Lava's ecology development.
  4. Support policies from Foundation: In order to fuel the development of Lava's decentralized consensus, the Lava Foundation authorized the Lava China Community to provide LV lending services to mining pools, so that those new mining pools can obtain the initial funds for the purchase of Firestone, thereby lowering the threshold of joining Lava mining ecology.
  5. Community token airdrop: By this far, 500,000 LVs have been distributed to the community as rewards, including testnet airdrop rewards, community activity rewards, and volunteer rewards.
  6. Lava peripheral support: The Lava China Community has distributed a total of 367 peripheral products to community users and media of strategic cooperation.
  7. Foundation address announcement: The Lava Foundation has announced its address, and members of the Lava Community can check the address through Lava Block Explorer.
  8. Overseas market development: A preliminary cooperation consensus has been established with overseas mining pools, overseas online forums, overseas media, and overseas communities.
  9. Media influence: A long-term strategic cooperation has been reached with a number of mediums. So far, 297 technical essays have been posted with more than 1.58 million views.
  10. Lava announcing Plotter Bounty plan: Lava officially announced the details of the Plotter Bounty plan. The Lava Foundation decided to offer a reward of 1BTC and 50,000 LVs to activate all PoC ecosystem participants to develop new P-disk software. New P-disk software approved by the Lava tech team will be open-sourced for free for PoC developers to have deep exploration and learning, thereby promoting the development of the PoC ecology.
  11. Strategic cooperation with WUJILIAN Tech: On August 25th, 2019, Lava announced that it has officially reached a strategic cooperation with WUJILIAN Technology, a blockchain hardware equipment supplier and also a company dedicated in both constructing and escrowing mining fields. Lava will receive hundreds and thousands of investments from WUJILIAN Tech, who is very optimistic about the prospects of the PoC ecology. Also, WUJILIAN decides to promote the transformation of the mining machine and mining service business from the pure PoW model to a “PoW + PoC” dual track and make use of its own resource advantages in the field of mining and data energy services to vigorously promote its business layout in the PoC field by focusing on supporting the development of such high-quality PoC and storage projects as Lava.
  12. Lava project rewarding attackers targeting loopholes in testnet with Bitcoin: According to official news, a “future timestamp” attack had occurred during the internal test on Lava testnet. Attackers could gain the computing power advantage by modifying the system timestamp. At present, the problem has been well fixed, and the Lava project team decided to reward attackers with 1BTC reward.
12.12.2019 21:29
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