CCHN Project Processed Weekly Newsletter 11/24

CCHN Project Processed Weekly Newsletter

11/24–11/30

Welcome to read the 21st Weekly Publication of CCHN Project Progress（24/11–30/11）Celes Chain as the first DPoW financial organized public chain uses the consensus mechanism 3.0. This public chain creates a chance for the financial institutions to innovate their financial applications on the chain.

Technological Progress

1. Major Network of CelesOS

We have sorted out JS SDK and conducted partial interface tests on it. We have completed 12 interface tests, among which 9 have passed debugging and 3 have yet to be analyzed.

2. Development of the Main Network

We have adjusted BP’s block reward logic, and set up all the nodes of the test network and tested the BP account number of the test network to become the test network BP and participate in the block.

2）We have sorted out the documents of CelesOS developers, and the current progress is 50%. We summarized the random number scheme provided by CelesOS.

3. Application of DAPP

1）DAPP realizes the functions of H5 page and APP client such as debugging, language switching and sharing.

2）DAPP enters the pre-release state. We modified and checked with the questions of users who participated in the internal testing, and we will collect a list of further requirements.

Assessment Progress

Celes added two overseas assessment agencies this week: coinpaprika and PRIMEICO.

PRIMEICO, a website of an overseas assessment organization, has increased the weight of Cells Chain and put it on the front page to attract many overseas users.

By the time of publication, Celes had been favored by 41 well-known assessment agencies at home and abroad. The American rating agency TrackICO scored 5 points out of 5 and the ICLINK scored as high as 4.98.

Celes has aroused enthusiastic response from the overseas communities. The organizations that assess Celes conduct comprehensive and multi-angle professional assessments in terms of projects, teams, technologies, white papers, official websites, social media, number and activity of telegraph groups, and CCHN information.

CCHN Newsletter

CelesOS attended the China Blockchain Conference of China Computer Federation

From November 23 to 25, 2018, the first China Blockchain Conference of China Computer Federation (CCF CBC 2018) was held in Hangzhou. CelesOS attended the meeting and was successfully elected as a member of CCF Technical Committee on Blockchain, about which the CCTV News has covered.

The China Blockchain Conference is crowded with famous experts such as academician Chen Chun of the Chinese Academy of Engineering, academician Rong Chunming of the Norwegian Academy of Sciences, director Bai Shuo of the ChinaLedger Technology Committee, director Si Xueming of the CCF TCBC, professor Zhu Liehuang of the Beijing Institute of Technology, professor Gu Dawu of the Shanghai Jiao Tong University, and president Zhang Yifeng of the Zhongchao Blockchain Technology Research Institut, etc. Leaders of the CAC, Ministry of Industry and Information Technology, Ministry of Science and Technology, State Information Center and other relevant departments attended this meeting.

Chen Chun, an academician of the Chinese Academy of Engineering and a professor of Zhejiang University, said it is urgent to study the safety supervision technology and supervision standards of the blockchain, which is a key issue for the healthy and sustainable development of the blockchain industry. One of the major constraints to the development of blockchain industry in China is regulation. The supervision department should pay more attention to the consortium blockchains.

The conference also held the opening ceremony of the secretariat of the CCF Technical Committee on Blockchain. Michael Yeung, chief scientist of CelesOS, participated in the election for the member of CCF Technical Committee on Blockchain.

Michael Yeung, as the chief scientist of CelesOS, got himself elected successfully of the member of the CCF Technical Committee on Blockchain, and on behalf of the company he participated in the discussion of the annual work and the next year’s work plan. Michael Yeung believes that when the country develops blockchain technology, strong supervision will also help to radically reform the industry and optimize the allocation of innovative resources, which will have an important significance in promoting blockchain technology and industrial progress.

CelesOS, as a member of CCF Technical Committee on Blockchain, has conducted in-depth exchanges with guests on new theories, technologies and achievements in the field of blockchain, jointly discussed the key technologies, innovative applications, standards and norms of blockchain, and jointly promoted the development and application of blockchain technology in China.

There are many opportunities for financial institutions to use CelesOS, which can reduce cost scale and accelerate business operation of financial backstage. According to statistics of BainCapital, there are 15 billion to 35 billion yuan of cost savings for financial industry every year. Celes will guide the blockchain financial industry booming development by using the latest DPoW mechanism.

Celes would like to thank every follower for your support and love for Celes. Welcome to follow us and we will continue to broadcast more informative news about Celes. Let us witness the reform of the blockchain together.