LITEX WEEKLY UPDATE, 29th OCT - 5th NOV, 2018
Highlights:
- Technically, LITEX Lab continues to optimize and upgrade the test network.
- Leo, CEO of LITEX Lab, was invited to attend a block chain forum and delivered a keynote speech.
- LITEX Lab CMO Laura was invited to share with the bull market financial community and share the latest progress of LITEX Lab in Layer 2 with block chain enthusiasts.
- LITEX Lab CMO Laura was invited to participate in the sharing of the DAPP application community at Bit University and shared the latest progress of LITEX Lab in Layer 2 with blockchain believers and developers.
Ⅰ. Technology Research
- Front-end Progress
Add Video Guide on Welcome Page ; In Cross Chain, the Pending Cross Chain Transactions module is merged into the ETH list and BTC list display;
- Fast Routing
The traditional DV algorithm generally only supports single-path paths. Based on the traditional DV, we redesigned a DV routing algorithm - MPDV ( Multi - Path DV ) that supports multiple paths and implemented it in LND. With the support of MPDV, multi-path payment becomes possible. At present, the multi-path payment function is also being implemented intensively and will be completed in the near future.
- Cross Chain
This paper studies how to realize exchange rate when BTC changes token. This paper discusses the scheme of splitting transactions when the balance of intermediate nodes is insufficient during cross - chain. Optimize the cross-chain controller network module to improve the efficiency of message delivery.
Ⅱ. Marketing Progress
- Offline Activity
On Oct 31st, LITEX Lab CEO Leo was invited to participate in the " When Blockchain Meets Real Economy" forum. Leo pointed out that before the blockchain serves the real economy, we have to solve the two major technical pain points -- low efficiency of the main chain and isolated island of the public chain, and Layer 2 technology is one of the most promising directions to solve these pain points. LEO also introduced LITEX Lab's recently launched test network V 0.2 to the guests, and on-site showed three technical achievements of the test network V 0.2: flash network state channel expansion and partial withdrawal; Distributed fast routing; BTC & ERC 20 Token Cross Chain Atom Swap. This activity received the attention and support of many medias, and everyone gave good feedback to LITEX Lab test network V 0.2.
- Online Activity
On Oct 31st, LITEX Lab CMO Laura was invited by bull market finance and economics to share the online title " LITEX's Important Technological Progress in Layer 2" to show everyone the technological progress of LITEX Lab while popularizing Layer 2 technology. Laura pointed out that the team is currently testing and upgrading the performance of the test network, and hopes to achieve more complete functions in the future. On the market side, we are also actively paying attention to the ecology of blockchain, hoping to use Layer 2 technology to support the landing application of future large-scale commercial DAPP and provide infrastructure for the outbreak and landing of block chain industries. The sharing class received a warm response and received attention and publicity from the relevant media.
On Nov 1st, LITEX Lab CMO Laura was invited by the DAPP application community of Bit University to participate in the community sharing, and launched an online sharing entitled " The Important Technical Progress of LITEX in Layer 2" to show everyone the technological progress of LITEX Lab while popularizing Layer 2 technology.
Ⅲ. Exchange
The volume of LXT / BTC on Hadax Exchange accounted for 44.73 %.
LXT / ETH trading volume accounted for 39.41 %.
Ⅳ. Join our official community!
Homepage: LITEX.io
Facebook: https://www.facebook.com/LITEX-2024570374476812/
Twitter: https://twitter.com/LITEX_io
White paper: LITEX.io/wp
Telegram (EN): https://t.me/LITEX_official
Github: github.com/LITEXio