Dear community,

We have more good news for you!

ITC’s technical yellow paper has been officially released on GITHUB.

Click on the following link to access the yellow paper

https://github.com/IoTChainCode/Documents/blob/master/ITC_YELLOW_PAPER_DRAFT.pdf

IoT Chain pioneered to combine two blockchain technologies — PBFT (Practical Byzantine Fault Tolerance) consensus mechanism and DAG (Directed Acyclic Graph). This will ensure higher security, decentralization and enhanced performance.

As a next generation blockchain project, IoT Chain has now released their technical yellow paper, open source DAG test network and main chain code. In the near future, the ITC development team will make further improvements to the yellow paper based on results from the test network.

The IoT Chain team is currently focused on network performance. The current test net has an expected throughput of 1,000 transactions per second. Our technical team has experience scaling to a magnitude of 10s of millions. The team plans to improve performance by a factor of 100x to reach 100,000 transactions per second before the main net is implemented. Many existing projects applying DAG technology are not decentralized enough. The team is dedicated to deepening decentralization while applying the PBFT consensus algorithm to keep the network secure.

2. The new version of ITC’s official website has been released, ahead of the Chinese New Year. The following upgrades have been completed:

Navigation to the official Medium was added to serve as a newsfeed for ITC’s international community.

Animations were added together with an improved layout.

We have received additional feedback from our dedicated community which is under review. If you have further comments or suggestions, please connect with us on Telegram.

Thank you for your support!