Welcome to the 6th Bi-weekly Updates of COVA. In this bi-weekly update, we will recap what we’ve done starting from Dec 11th to Dec 24th.

Technical Development

Finally, we have released our public testnet, code-named COVA-Nyx. Using COVA-Nyx you can easily write privacy preserving DApps using python, here is our announcement with details: https://medium.com/@covatoken/cova-debuts-public-testnet-with-30-times-the-processing-power-of-ethereum-13c6fc250664

In addition, if you want to use our testnet, please read our technical documentation: https://docs.covalent.ai/

In addition, we ran a benchmark and our public testnet with only a few hundred nodes perform about 30–100X faster than Ethereum network. We believe that this is where we can see a massive advantage when it comes comes to adoption, because we can easily scale our network a few orders of magnitude, compared to the computing power of traditional blockchain solutions such as Ethereum or Bitcoin. You can read more here: https://medium.com/@covatoken/cova-vs-ethereum-mainnet-benchmark-why-scaling-beyond-tps-matters-b657ccf953e9

Business

Huobi Listing

COVA token is finally listed on Huobi and BitMax in the afternoon on December 21st (GMT+8).

Meeting with Terra

Co-founders of COVA and Terra had another successful meeting in Shanghai. With Terra’s help, COVA will accelerate its adoption in Korea by providing privacy-preserving data transaction solution for Terra’s e-commerce users.

Terra’s investors included top Korean exchange Upbit, VC firm Kakao Ventures and Hashed. It has secured 15 of some of the largest e-commerce partners in Asia — including Woowa Brothers, Qoo10, Carousell, Pomelo, and Tiki — which between them boast a cumulative 40 million customers and some $25 billion in annual transaction volume.

Press

3rd Round of Press Release

COVA carried out its third round of press release globally, with +50 media channels, regarding the release of public testnet “COVA-Nyx” and exchange listing. A number of influential media outlets, including CoinTelegraph, Yahoo Finance, NASDAQ picked up the release.

Media Interview

Our co-founder Vincent Li was interviewed by two Chinese crypto media outlets, Jinse Finance and 31Qu. Vincent gave an thorough introduction of COVA’s vision and testnet, shared his thoughts about how to build a data exchange. You can read more here. (In Chinese language)

Community

Airdrop Token Distribution

COVA has finished the distribution of the airdrop tokens before getting listed. Approximately 1.5 million tokens were airdropped to over 30,000 wallets.

If you participated in one of COVA’s airdrop and haven’t received the token, please fill in the form. We will reach out to you soon.

AMA with BitMax

On December 17th and 18th, COVA’s co-founder Raymond Gao, conducted several AMA (Ask Me Anything) sessions with Dr. George Cao, founder of BitMax.io, an innovate crypto exchange founded by a group of Wall Street veterans, which later became our another listing exchange. The discussion attracted over 10,000 community members to participate. You can read the transcript here.

Upcoming events

Xi’an International Workshop on Blockchain

COVA’s Co-founder Raymond Gao is invited to speak 2018 Xi’an International Workshop on Blockchain co-hosted by Tsinghua University and Cornell University. His session will be on December 14th, whose topic is “Practical Data Usage Control through a TEE-based Protocol”.

You can read Raymond’s abstract here.