It was indeed a fruitful week. The much anticipated ASCH v1.4 is finally launched, cross-chain of BCH is accomplished, and the investment from Bitcoin has also injected more resources and funds into ASCH, and also brought confidence to the community.

Technical Updates

ASCH v1.4

Repair bugs in the regression test of ASCH V1.4;

ASCH V1.4 launched;

Identify and resolve the post-launch testing issues.

Mobile Wallet

Complete 50% of the work of the account management module of the iOS mobile wallet

Complete 30% of the work of the asset list and transfer function of the iOS mobile wallet

Bugs in v1.4 Android mobile wallet have been fixed and it is expected to be launched next week

Block Explorer

The development of the front-end interface components is in progress;

Complete the product design, product flow chart and product structure diagram of the light version of block explorer;

Approve the prototype and requirements review, confirm the development timeline.

Others

Technical support for DAPP project.

Technical support in nodes after the upgrade of ASCH V1.4;

Marketing and Operation Updates

ASCH received a $7.5 million investment from Bitmain, one of the largest blockchain and cryptocurrency companies in the world. The investment is recognition of ASCH team’s efforts of past two years, and it can help ASCH to make great progress in R&D and business promotion. The two sides will then carry out in-depth cooperation in capital, technology, community and overseas promotion.

On August 1st, 2018, the 1.4 version of ASCH’s main network was officially launched. This upgrade not only realizes the cross-chain interoperability between ASCH and Bitcoin Cash (BCH), but also adds many other functions, such as decentralized gateway, group account, token and vote exchange, voting proxy, account nickname setting, etc. It also improves the overall UI visual effect and makes rules more democratic and standardized, greatly improving the performance of the main network, and further improving the decentralization characteristics.

On August 1st, 2018, the Bitcoin Cash Anniversary Global Summit was held at the Ritz-Carlton, Hong Kong. As a strategic partner of BITMAIN, ASCH was invited to attend this summit, and Hantao Qian, CTO of ASCH Platform, delivered a wonderful speech on the theme of “cross the history and chain to the future”, sharing the importance of cross-chain and the contribution of ASCH’s cross-chain technology to BCH Ecosystem, which aroused strong resonance and unanimous recognition of the participants, and actively explored the possibility of strategic cooperation with ASCH after the meeting.

At 7:00 p.m. on July 30, Daping Kuai, SVP of ASCH chain, conducted a live Q&A session in the ASCH community. The main content was around the operation promotion and future planning, and focused on the issues of community concerns. The number of views was as high as 140,000. This broadcast not only further enhanced the interaction between ASCH official and the community, but also strengthened the confidence and cohesiveness of the ASCH community.

21:30 p.m. on August 3rd, the ASCH Night Talk at Shenzhen station will be held in Grand Skylight Garden Hotel Shenzhen. CEO Qingfeng Shan and SVP Daping Kuai will show up and have a face-to-face communication with ASCH fans.