TrueChain Monthly- February 2020

Abhilash Atmaram
3 min readFeb 29, 2020

TrueChain (TRUE) is the world’s first public chain to achieve a fPoW + DPoS hybrid consensus, providing a high-performance and high-security public chain infrastructure for decentralized applications and asset circulation. Founded in October 2017, it was strategically invested by well-known capital angels in many industries such as ZB Group. So far, it has been reported by CCTV as an excellent public chain infrastructure case five times. Partners include the world’s top 500 Microsoft China and Amazon. Currency institutions such as Paxos and MakerDAO. On March 30, 2019, the main net was launched. TRUE has logged in more than 20 globally-known platforms including OKEx, Binance Dex, ZB, Bithumb, HitBTC, and BW.

TrueChain Monthly Report February 2020

Product and technology sections:

1. Upgrade hybrid consensus to 2.0 and upgrade from original PBFT + fPoW to DPoS + fPoW:

  • Develope a pledge contract

(address: 0x000000000000000000747275657374616b696E67), used to record the commission information of the nodes and accounts of the committee;

* Add TIP7 to start the deployment of DPoS system contracts;

* Add TIP8 for nodes to start hybrid consensus 2.0 from hybrid consensus 1.0;

* Add RPC interfaces such as query and get mining incentive information;

2. Add TIP9 to adjust mining incentive algorithm and reduce mining rewards every year; 3. Development Committee nodes operate CLI tools, and participating nodes can use CLI tools to participate in elections and adjust rate;

3. Users apply for node function development, and all users can become mining nodes;

4. Bulk coin upgrade function, judge the validity of all addresses, and give tips for unqualified addresses;

5. TRUE Wallet upgrade, asset page adds advertisement display page;

6. Official website update to support more contact information and media partners;

7. TRUE announces production cuts and announced rules for production cuts, reducing output by 20% each April

8. The TrueChain initial chain mainnet will undergo a hybrid consensus upgrade to Dpos + fpow

9. The details of TrueChain’s pledge mining mining were announced, and the nodes participating in the election of the DPoS committee requested to pledge 20,000 TRUE.

User, community and market segments

1. TrueChain and SWFT Blockchain officially reached a cooperation, supporting more than 200 tokens

2. TRUE login to mytoken hot search list for two consecutive days

3. OKEx, ZB, TRUE WenZhou, Phoenix Team, JXL, Red Rice Node, Raiders Capital, TRUE India and other 19 institutions and organizations worldwide have registered for the DPoS Committee node election

4. TRUE launches VIP user rights survey for core VIP WeChat groups with more than 10,000 positions

5. TRUE is extremely popular in South Korea, ranking first in Korea ’s largest industry forum coinpan discussion

6. TRUE Korea’s kakao community exceeded 2,000

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Abhilash Atmaram

Community Manager | Growth Hacker | Customer Success Manager