Weekly Report 丨 Insight Chain (INB) Public Blockchain & Ecosystem (September 9 to 15, 2019)

Insight Chain (INB)
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.
Abstract: INB Public Blockchain completes the development of INB transaction engine.
▶ Public Blockchain ◀
I. INB Public Blockchain

1. Optimize 18-bit decimal place to 5-bit decimal place to save storage space.
2. Modify the net consumption so that the solidity contract can be created and executed on the chain and make it possible to create wasm contract.
3. Complete the development of the INB transaction engine and realize the issuance and transfer of Token that is native support on the chain and does not require smart contracts.
4. Cooperate with interface joint debugging of app and browser.
5. Conduct preliminary tests on the newly added functions.
   II. INB Wallet
   INB Wallet added interface for locked position and reward last week, and modified the mortgage release interface. This week, it will mainly debug the browser interface and the interface of Public Blockchain.
   ▶ Ecosystem ◀
   I. Insight DApp
6. UI changes on Insight official website have been completed; engineers have optimized the code; testers have conducted functional tests.
7. Optimize prototype and functional process for Insight DApp transaction data’s storage onto blockchain.
8. Insight Chain VI is under development.
9. Background for Insight DApp transaction data’s storage onto blockchain interfaces with the Public Blockchain, and strategies are being formulated.
10. The function of Insight DApp users to create their own questionnaires is under development.
    II. Insight Research Institute
11. This week, a total of 21 questionnaires were launched, including 7 hotspot survey questionnaires, 7 market questionnaires, and 7 investor sentiment questionnaires.
12. Insight's "Eagle Program" is continuing to help professional block chain financial analysts grow. Hundreds of thousands of INB will be officially offered as incentives for analysts. Welcome to joining us. For the latest news of the activity, please pay attention to the notice of official community.
    ▶ Operations ◀
13. Insight issued and recycled 9,419 questionnaires this week.
14. The number of participants in Insight's community rating has reached 6,205, with BTC score of 7.40, ETH score of 7.33 and USDT score of 7.26 (Ten-point system) so far.
    -END-
    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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