Weekly Report 丨 Insight Chain (INB) Public Blockchain & Ecosystem (October 07 to 13, 2019)

Abstract: The official version of INB V1.1 has been released and will be used as the running version of the mainnet.

▶ Public Blockchain ◀

I. INB Public Blockchain

  1. The official version of INB V1.1 has been released and will be used as the running version of the mainnet
  2. Server deployment and performance optimization for the launch of mainnet
  3. Compilation of API documentation, smart contract and other related documentation
  4. Design of plan for node-monitoring platform
  5. Design and development of go SDK and nodejs SDK
    II. INB Wallet
    The development of INB Wallet is coming to an end. Last week, it completed the optimization design for UI and interaction, and connected with the Public Blockchain data to test the connection between front-end data and back-end data.
    Ⅲ. INB Block Browser
    The INB Block Browser completed the switch between the mainnet and the testnet, and made many improvements and optimizations for UI and interactive design. It has re-adjusted the account address page, and meanwhile conducted connection test with the Public Blockchain data to ensure the accuracy and integrity of the data on the chain.

▶ Ecosystem ◀

I. Insight DApp
The Insight DApp was under normal development last week

  1. The design of Insight official website was completed.
  2. The Insight DApp transaction data’s storage onto blockchain is under development; and the current development focuses on the transaction details.
  3. The IOS version is adapted for IOS 13 and has solved the problem that it cannot be opened in IOS 13 system.
  4. The Insight Chain VI is under design.
  5. The Background for Insight DApp transaction data’s storage onto blockchain is conducting connection debugging with Public Blockchain data.
    II. Insight Research Institute
  6. This week, a total of 21 questionnaires were launched, including 7 hotspot survey questionnaires, 7 market questionnaires, and 7 investor sentiment questionnaires.
  7. Insight's "Eagle Program" is continuing to help professional block chain financial analysts grow. Hundreds of thousands of INB will be officially offered as incentives for analysts. Welcome to joining us. For the latest news of the activity, please pay attention to the notice of official community.

▶ Operations ◀

  1. Insight issued and recycled 8,810 questionnaires this week.
  2. The number of participants in Insight's community rating has reached 6,631, with BTC score of 7.41, ETH score of 7.34 and USDT score of 7.27 (Ten-point system) so far.
  3. As one of the ecological members of the INB Blockchain, INB SHOP enriches the application scenarios of INB, and meanwhile forms a closed loop of user experience from “investigating = mining” to commodity exchange. Since go-live, 1,014 orders have been completed, with a cumulative turnover of 52,827 INB. Last week, the turnover is 831 INB, up 18.25% week on week. In addition to the time-limited commodity exchange function, INB SHOP will offer a fair-price commodity on a daily basis and an off-price commodity on every Friday to meet the needs of more INB mining users.

About Insight Chain
Insight Chain is the next generation of commercial basic public blockchain, aiming at establishing the world's first data ecosystem public blockchain with infinite scalability by realizing a secure and efficient blockchain system, as well as business data’s structural storage onto blockchain and transaction, and truly supporting high-concurrency Internet applications’ operation on the blockchain.
[The First VRF-based VDPoS Consensus in the World]
Insight Chain applies a new consensus algorithm: VDPoS (Validated DPoS, Verifiable DPoS) consensus. This algorithm is an organic combination of DPoS + BFT + Validated Nodes. Validated nodes are introduced, based on DPoS consensus; validated nodes are selected based on VRF random lottery mechanism; and validated nodes use BFT consensus to perform secondary verification on blocks.
[First Sharding of the DPoS Consensus Kind in the World]
Insight Chain will conduct sharding based on VDPoS consensus to further improve TPS of the blockchain. We use a hybrid architecture of Multi-Main Chain + Multi-Child Chain. According to the resource utilization of the whole blockchain, the super nodes are automatically sliced to form a multi-main chain parallel block generation mode to take the best of network resources and super node resources, so as to greatly improve the block generation speed as well as the vertical scalability of the blockchain; meanwhile, multiple child-chains can be started on the main chain according to the application situation to support more DApp business data’s storage onto blockchain and increase the horizontal scalability of the blockchain.
[The First 3D Data’s Storage onto Blockchain in the World]
Insight Chain can realize business data’s structural storage onto blockchain to form a unique on-chain storage model for three-dimensional data. The traditional blockchain can only store the data content or the hash. And the on-chain data are not structural which cannot express the information such as association between data and data attributes, thus unable to guarantee the credibility of data. We use a structural way to save business data and ensure its credibility through the consensus of the chain. Business data can then be self-interpreted through the chain itself, while unstructured data need to be interpreted through third-party applications, thus truly realizing the credibility of data and ensuring the value delivery of data.
At present, the INB team has applied for more than 300 patents for technological invention related to blockchain to protect the technology and ecology of the INB Public Blockchain in a defensive manner. In the meantime, Insight Chain is preparing to establish a Blockchain Patent Alliance within which all enterprises will be authorized to use the patent free of charge, so as to inherit the openness and sharing spirit of blockchain, and to appeal to more partners to make contribution to the patent pool by joining us.
Contact Us
Official Website: http://www.insightchain.io
WeChat Official Account: InsightChain

BiYong (Chinese Community): http://0.plus/InsightChain_CN
BiYong (Global Community): http://0.plus/InsightChain

Sina Weibo: @InsightChain
Twitter: @Insight Chain
Facebook: @InsightChain
Medium: https://medium.com/@insightchain
Steemit: https://steemulant.com/@insightchain
Reddit: https://www.reddit.com/r/Insight_Chain/

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