Weekly Report 丨 Insight Chain (INB) Public Blockchain & Ecosystem (2019.11.25-2019.12.1)

Abstract: Design the concrete implementation scheme of PBFT consensus of sub-chain.
▶ Public Blockchain ◀

I. INB Public Blockchain

1. The arrangement of sub-chain data structure and function development.
2. Design sub-chain economic model and its development.
3. Design the concrete implementation scheme of PBFT consensus of sub-chain.

II. INB Wallet

1. Token function of INB Wallet has been developed and is currently in the testing phase.

Ⅲ. INB Block Browser

1. The token viewing module of INB Block Browser has been developed.
   ▶ Ecosystem ◀

I. Insight DApp
Insight DApp is in normal development phase.

1. Insight DApp is making some beautification features on the UI for the new version.

▶ Operations ◀

1. Insight issued and recycled 8756 questionnaires this week.
2. The number of participants in Insight's community rating has reached 7,456, with BTC score of 7.41, ETH score of 7.33 and USDT score of 7.26 (Ten-point system) so far.
3. This week, a total of 21 questionnaires were launched, including 7 hotspot survey questionnaires, 7 market questionnaires, and 7 investor sentiment questionnaires.

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About Insight Chain
Insight Chain is the next generation of commercial basic public blockchain, aiming at establishing the world's first data ecosystem public blockchain with infinite scalability by realizing a secure and efficient blockchain system, as well as business data’s structural storage onto blockchain and transaction, and truly supporting high-concurrency Internet applications’ operation on the blockchain.
[The First VRF-based VDPoS Consensus in the World]
Insight Chain applies a new consensus algorithm: VDPoS (Validated DPoS, Verifiable DPoS) consensus. This algorithm is an organic combination of DPoS + BFT + Validated Nodes. Validated nodes are introduced, based on DPoS consensus; validated nodes are selected based on VRF random lottery mechanism; and validated nodes use BFT consensus to perform secondary verification on blocks.
[First Sharding of the DPoS Consensus Kind in the World]
Insight Chain will conduct sharding based on VDPoS consensus to further improve TPS of the blockchain. We use a hybrid architecture of Multi-Main Chain + Multi-Child Chain. According to the resource utilization of the whole blockchain, the super nodes are automatically sliced to form a multi-main chain parallel block generation mode to take the best of network resources and super node resources, so as to greatly improve the block generation speed as well as the vertical scalability of the blockchain; meanwhile, multiple child-chains can be started on the main chain according to the application situation to support more DApp business data’s storage onto blockchain and increase the horizontal scalability of the blockchain.
[The First 3D Data’s Storage onto Blockchain in the World]
Insight Chain can realize business data’s structural storage onto blockchain to form a unique on-chain storage model for three-dimensional data. The traditional blockchain can only store the data content or the hash. And the on-chain data are not structural which cannot express the information such as association between data and data attributes, thus unable to guarantee the credibility of data. We use a structural way to save business data and ensure its credibility through the consensus of the chain. Business data can then be self-interpreted through the chain itself, while unstructured data need to be interpreted through third-party applications, thus truly realizing the credibility of data and ensuring the value delivery of data.
At present, the INB team has applied for more than 300 patents for technological invention related to blockchain to protect the technology and ecology of the INB Public Blockchain in a defensive manner. In the meantime, Insight Chain is preparing to establish a Blockchain Patent Alliance within which all enterprises will be authorized to use the patent free of charge, so as to inherit the openness and sharing spirit of blockchain, and to appeal to more partners to make contribution to the patent pool by joining us.
Contact Us
Official Website: http://www.insightchain.io
WeChat Official Account: InsightChain

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