(Details) BitCherry Test Network Officially Launched Version v2.0.1

BitCherry Test Network Officially Launched Version v2.0.1

BitCherry test network v1.0.1 version has been successfully running for three months. In the meantime, BitCherry held a variety of developer events to encourage developers worldwide to participate in testing the user together, which brought us a lot of valuable advice. At the same time, BitCherry’s technical team is constantly being improved and rich technical content.

Singapore time in March 22nd 2021, BitCherry test network formally launched version v2.0.1. BitCherry test network BitCherry v2.0.1 version is the v1.0.1 version of the upgrade version. Optimized the block synchronization and stability of the consensus algorithm and added the verifier function, verifier penalty mechanism, user staking function, sub-account management function, and ERC20 standard sub-currency, which can provide developers with a safe, stable, and efficient development environment.

BitCherry’s purpose in the building can serve all commercial, high-performance, high-security, high availability of expandable IPv8 blockchain infrastructure platforms. Since BitCherry released the roadmap, a lot of progress of the project; at present, BitCherry test network version v2.0.1 has achieved most of the main network functions, BitCherry test network version v2.0.1 release also means closer to the main network BitCherry a step away.

BitCherry test network v2.0.1 version update details

1. Add validator join function

According to the manual, community users can build their verifier nodes, and verifiers whose mortgage token reaches the top 100 can join the mining;

2. New verifier punishment mechanism

After the verifier drops more than 100 blocks, he will lose the mining qualifications;
After punishing 200 blocks, you can vote again to restore the validator’s mining authority;

3. Added user staking function

Users can be staking their tokens to the verifier to obtain staking rewards;
The user can redeem the staking Token by releasing the staking;

4. ERC20 standard sub-currency
BTC contract address: 0x0000000000000000000000000000000000000010
EOS contract address: 0x0000000000000000000000000000000000000011
ETH contract address: 0x0000000000000000000000000000000000000012
ONT contract address: 0x0000000000000000000000000000000000000013
USDT contract address: 0x0000000000000000000000000000000000000014

5. New sub-account management function
Users can create/delete multiple sub-accounts, and the user can set sub-accounts with different permission combinations.

· Permission 1: Main Trading assets
· Permission 2: Staking
· Permission 3: Trading sub-asset- BTC
· Permission 4: Trading sub-asset- EOS
· Permission 5: Transaction sub-asset- ETH
· Permission 6: Transaction sub-asset- ONT
· Permission 7: Trading sub-asset- USDT

6.The optimization of block synchronization and stability of consensus algorithm

Before Bitcherry Mainnet officially launched, we will continue to carry out multi-stage iteration of testnet. We will deliver and update functions according to the schedule. Next, BitCherry’s key work direction will be to optimize the speed and data redundancy of consensus algorithm based on the operation of BitCherry Testnet v2.0.1 and continuously optimize the infrastructure, system stability and security. In addition, it will iterate and improve the cross chain and IPFs modules.

BitCherry will continue to strike for excellence, provide a safe, stable and efficient development environment for developers, and create a scalable IPv8 blockchain infrastructure platform with high performance, high security and high availability for users that can serve all types of businesses.

Developers and users can continue to pay attention to the BitCherry developer community, participate in the BitCherry network testing environment through our newly released developer tasks, and win up to 10 million BCHC task awards. We will also encourage blockchain enthusiasts and developers to participate in the testnet with us and bring us more valuable opinions.

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