The Internet of Services Foundation is developing a next-generation, scalable blockchain capable of handling the throughput necessary for mass adoption. Its openness, ultra-high TPS, privacy protection, scalability, security, and adoption of many pioneer innovations will provide infinite new possibilities for online service providers to serve their customer base.

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Summary

This week was extremely eventful as the team was active across the globe. Jimmy and Terry flew to Singapore where Terry spoke on several panels at the World Digital Asset Summit, an exposé on IOST was featured on MK — the Korean equivalent of the Wall Street Journal, our developer team was ranked as the third most active based on commits to our GitHub, and Jimmy was interviewed by several platforms!

Developer Update:

We are committed to earning the moniker “the hardest working team in crypto” and this week we have some data to back it up. According to statistics from TokenInsight, the IOST team had 129 commits in the past 7 days, ranking third; and in the past 30 days had 367 commits, again ranking third. Currently our R&D team is working overtime to produce the next generation of blockchain infrastructure, and we are on track to meet our aggressive deadlines.

1. [Transactions] Endorsing peers signature visa and payload resolution have been put into use. The performance and function of the basic unit of any trading object are completed.Transaction ordering and commitment has entered the testing phase.

2. [Nodes] The end-user functionality and data dissemination mechanism of the nodes as well as the guaranteed delivery of the delivery service and the full-sequence broadcast have been tested and put into use. Peer links, function execution, and ledger’s event updates have been implemented and are being subjected to further testing.

3. [Ledger] All state modules and state transition modules, the sorting service APIs that the sorting service uses, and the modules that send ordered transaction generation blocks are all in use. The base and key lookup functions for query ledgers have been implemented. The configuration blocks for defining policies and access control lis in the books have been investigated.

4. [Debug] An IOST debug library including debug mode and debug related equations has been put into use.

International Development

Last week, MK, South Korea’s largest economic newspaper, interviewed IOST CEO Jimmy Zhong and published a feature length article on IOST. MK is extremely influential in South Korea and holds status comparable to the Wall Street Journal. The IOST team is extremely honored to have received the support of the Korean market.