The DeFi world is changing rapidly and new gameplay is updating everyday. As the most popular and fastest-developing trading product in the DeFi field, DEX obviously will not miss the fastest-growing derivatives market in the cryptocurrency trading market. In the field of cryptocurrency derivatives, the distinctive perpetual contract has naturally become a high ground for competition in the new battlefield of DEX derivatives.

It is understood that since 2020, at least seven DEX platforms including YFX, DerivaDEX, dYdX, Futureswap, Injective Protocol, MCDEX, and Strike Protocol have announced the launch (or will launch this year) of the decentralized perpetual contract trading market and every of the platforms has adopted different designs in terms of transaction mode, contract mechanism, product specifications and infrastructure, which means all have its own characteristics and strengths.

Compared with several other DEXs, YFX's advantages are particularly obvious and the trading process is more convenient.

1. YFX is the world's first and only decentralized derivatives trading platform that supports 100x leverage trading.
2. YFX is the first platform that launched on the TRON mainnet and the handling fee during transfer and transaction is the lowest among all DEXs.
3. YFX only supports decentralized derivatives trading and the products are more professional and convenient.
4. YFX is the world's first cross-chain decentralized derivatives trading platform that supports the four public chains of ETH, TRON, BSC, and Heco.
5. All funds of YFX are managed by smart contracts. The platform cannot operate any funds of users. All smart contract codes are open source and have been audited and verified by professional institutions. Through smart contracts, users can deposit and withdraw their funds at any time.
6. YFX is the world's first decentralized contract trading platform that supports USDT、coin and hybrid swap.
7. YFX’s current trading method adopts an isolated margin trading method, each order is independent of each other, profit and loss are independently settled.
8. YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage. Traders directly trade with QIC-AMM to open and close their position. The depth is a function of the available balance of the LP pool, there is no impermanence loss in the LP pool.

Since the development of the Internet, the ownership of the code has always been monopolized by the centralized institutions using patent barriers. Unilateral network protocols inevitably have some security risks. With the rise of the concept of blockchain, open-source code is expected to replace traditional network protocols and become the core infrastructure of the Internet. In recent years, many decentralized solutions have been proposed for various blockchain projects, and the network decentralization and security have been significantly improved. However, the incentive mechanism for developers of many projects is still in the early stage of development. Developers cannot obtain continuous incentive in open-source projects, which means that the project will face the problems that the developer community cannot be expanded, the number of core developers will stagnate, and the project will not be able to repair loopholes and upgrade iteratively. Therefore, how to encourage developers to make long-term contributions to open-source projects is the key to the iterative development of projects.

Recently, the v1.0.1 version of the testnet of BitCherry, a distributed commercial public chain, officially started testing. BitCherry also used a 10 million reward to recruit developers for the test network. The advantage of reward incentive is that developers get corresponding rewards according to their contributions, which is fairer than other ways, and can encourage competent developers to join the community. It is also helpful for project expansion and suitable for solving the security related problems of the project. But on the other side, the bounty model also has some disadvantages. First of all, it will produce reverse incentive to the project. Simple tasks are popular, and difficult tasks are easy to be ignored, which is not conducive to the long-term development of the project. Moreover, the release of reward tasks is usually unsustainable, and developers passively accept tasks to get paid, which cannot motivate developers to actively contribute.

BitCherry, as a distributed commercial public chain, pays more attention to commercial ease of use and security, and relies more on the contribution of developers to the project. Both core developers and application layer DAPP need to have a reasonable incentive mechanism for funding, so the traditional way of motivating developers cannot be the main incentive mode of BitCherry. As the world's first scalable blockchain infrastructure based on IPv8 technology to serve distributed commerce, BitCherry designed the aBFT+PoUc consensus mechanism. Based on the asynchronous Byzantine fault-tolerant algorithm (aBFT), any node that meets the conditions (selects the neighbor node according to the unique bit-u value first) can participate in the whole network PoUc consensus process, while almost all the important nodes in the circle of friends can participate in the process. Important nodes will also participate in a friend's PoUc consensus process to maximize decentralization. Mainly uses the unique Bit-U incentive mechanism, which is composed of four dimensions, including time activity, user relevance, user activity, user contribution, etc. Developers with any dimension will be motivated, and the more dimensions, the greater the incentive.

The development of a project is inseparable from the developers and is closely related to the incentive mode of the project. Therefore, the combination of governance mechanism and incentive mode will become the key to the development of BitCherry developer community. It can be predicted that in the future ecological development of BitCherry, BitCherry will set up a special incubation fund for developers to cooperate with the incentive mechanism to further improve the sustainability of the project.

10 Million Prize to be Reward | An Invitation to Global Developer to join BitCherry Testnet

BitCherry Testnet v1.0.1 will start testing soon, and now we are recruiting well-performing developers from all over the world. By the time, developers and users can participate in the BitCherry Testnet environment and win the reward up to 10000000 BCHC through our subsequent developer missions. We encourage all blockchain developers to participate in the testnet with us and bring us more valuable opinions.

Activity Time: Long Term Effect

Registration Link: https://forms.gle/NsZCmaPFaz7EHjYb8

Join Us:

Discord：https://discord.gg/nNY9A9tn2D

Telegram：https://t.me/BitCherryDevelopersGroupEN

Email：developergroup@bitcherry.io

BitCherry Testnet is about to Online, Countdown: 1 Day

BitCherry Testnet v1.0.1 will start testing at 12:00 PM on December 24, 2020 (GMT+8). As a scalable blockchain infrastructure based on IPv8 technology and serving for commerce, BitCherry has been focusing on defining and providing the most basic and critical system components. By improving the existing technology pain points of blockchain, BitCherry can create a scalable IPv8 blockchain infrastructure platform with high performance, high security and high availability that can serve all types of commerce.

Join Us:
Discord：https://discord.gg/nNY9A9tn2D
Telegram：https://t.me/BitCherryDevelopersGroupEN

Original News: https://medium.com/bitcherrygl...n-1-day-e951217c8d72

December 17, BitCherry officially start the testnet v1.0.1 closed beta test and is expected to launch test net version v1.0.1 next week. Before BitCherry mainnet is formally launched, test net will be conducted multi-stage iterations, functions updates according to a fixed stage, will achieve transaction, smart contract interfaces, create/ node election, electoral consensus/verification, cross-chain interaction, and peripheral tools, perfect developer system, etc. As the world’s first commercial, scalable blockchain infrastructure based on IPv8 technology, is committed to building commercial thoroughfare blockchain technology and the reality of social links to help traditional enterprises constructed trusted distributed business environment, it can serve to create all types of commercial high-performance, high-security, and high-availability expandable IPv8 blockchain infrastructure platform.

Behind the Amazon server downtime: how does blockchain technology IPv8 protect data from leaks.

Nov 26, 2020, According to AWS, the outage only affected one of Amazon’s 23 geographic AWS regions. Still, the problem has been severe enough to affect many Internet companies’ services.

Many companies tweeted about how the AWS outage affected them.

Including 1Password, Acorns, Adobe Spark, Anchor, Autodesk, Capital Gazette, Coinbase, DataCamp, Getaround, Glassdoor, Flick, iRobot, The Philadelphia Inquirer, Pocket, RadioLab, Roku, RSS Podcast, Tampa Bay Times, Vonage, The Washington Post, and New York Public Radio (WNYC). Downdetector.com, a website specializing in monitoring network conditions, also shows that many users throughout the day have reported that many Amazon services have problems.

It is worth mentioning that on the eve of “Black Friday” in North America, AWS downtime may affect Amazon’s e-commerce business. Some sellers said that their order data on Amazon suddenly dropped sharply, and even advertising costs were abnormal.

With the advent of the digital age, the generation and storage of massive amounts of data have prompted technology giants in various industries to develop and deploy their centralized cloud servers gradually. Although it has solved the storage and calculation of data to a certain extent, the drawbacks of centralized cloud servers have been criticized.

Companies such as Google, Facebook, Sony, etc., control massive amounts of user data. Even their business models revolve around profiting from user data stored on their centralized cloud servers. In the event of a downtime event, enterprises and ordinary users have to bear the resulting losses and face the risk of data leakage.

BitCherry’s future is to provide high-performance, secure enterprise technical support blockchain.

BitCherry is the world’s first technology-based services to IPv8 distributed business expansion can provide blockchain infrastructure, with efficient performance, data security, governance, consensus three characteristics. Building a ‘P2Plus’ Encryption Protocol with new thinking of innovative physical layer, BitCherry is a general blockchain infrastructure that meets commerce’s demand. BitCherry provides the operational mechanism such as smart contract & cross-chain consensus to achieve highly scalable data architecture by the hash map, which is improved by the relationship atlas. This blockchain infrastructure dramatically reduces development costs, provides a high-performance, high-secure, and high-available underlying public chain support for distributed commerce on the chain.

Compared with the downtime of a centralized server that will cause the paralysis of large-scale Internet applications and information leakage, the rest of the individual cloud servers in the decentralized cloud server system will not affect the user experience at all, let alone cause data leakage and other problems. At the same time, decentralized cloud servers also have the characteristics of low cost, fast response speed, and too high information security.

BitCherry IPv8 use as the primary technique, coupled with the chain and cross-binding fragment technology, improves the transmission speed while building a network protocol P2Plus end encryption high performance, high safety, high availability support blockchains.

*NEWS FROM BITCHERRY*

Public welfare is the abbreviation of " common benefit of public and society ", it refers to those non-governmental social organizations that do not take profit maximization as their primary goal, and whose main pursuit is social welfare undertakings. Earlier non-profit organizations were mainly engaged in humanitarian relief and poverty relief activities, and many non-profit organizations originated from charities.

However, there have been many incidents of "public welfare fraud & money scam" in the history. Some illegal organizations initiate public welfare fraud activities in the name of charity to seek for personal interests from individuals or enterprises and use the raised funds for some improper activities. In this context, many people feel uncomfortable when they hear about charity and public welfare. We do not know whether our money has been handed over to the people in need when we are choosing to donate. But when we choose not to donate, we will feel heartache when we look at the children who cannot afford to eat, educate, or get sick because of poverty. The behavior of public welfare fraud is not only the desecration of charity, but also causes great psychological harm to the people who offer love.

The inducement of "public welfare fraud" is mainly due to the opacity of information and the difficulty of supervision. The openness, transparency and unforgeability of capital flow data are the just needs of public welfare. At present, it seems that the use of blockchain technology can effectively put an end to the "public welfare fraud". In an environment where all data cannot be tampered with and all data are open and transparent, which criminals cannot take advantage of it.

As the world's first scalable blockchain infrastructure based on ipv8 technology for distributed commerce, BitCherry has proposed feasible blockchain solutions for public welfare problems. The first is the transparency and trust of public welfare funds. By using advantage of the unique advantages of BitCherry IPv8 point-to-point public chain, BitCherry able to records every donation data in real-time on the BitCherry data link, donors can trace the each of the donation and donation records are open, transparent and non-tamperable. At the same time, it can realize the visualization of donation with smart contract and eliminate the needs of donors for third parties, which means that donors can donate money to the people they want to help without relying on charity organization, and ensure that these donations can reach the donors.

As the world's first scalable blockchain infrastructure based on ipv8 technology for distributed commerce, BitCherry has proposed feasible blockchain solutions for public welfare problems. The first is the transparency and trust of public welfare funds. By using advantage of the unique advantages of BitCherry IPv8 point-to-point public chain, BitCherry able to records every donation data in real-time on the BitCherry data link, donors can trace the each of the donation and donation records are open, transparent and non-tamperable. At the same time, it can realize the visualization of donation with smart contract and eliminate the needs of donors for third parties, which means that donors can donate money to the people they want to help without relying on charity organization, and ensure that these donations can reach the donors.

Visit https://www.bitcherry.io/   to know more about BitCherry 

A smart TV, also known as a connected TV, is a traditional television set with integrated Internet and interactive Web 2.0 features, which allows users to stream music and videos, browse the internet, and view photos. Smart TV is a technological convergence of computers, television sets, and set-top boxes. To easily understand it, Smart TVs are a television just like your phone and laptop, and they are vulnerable to the same kind of threats. If security holes exist in a smart TV, it is only a matter of time before hackers find a way to break in and control it.

According to the news by James Gelinas, KOMANDO.COM. Last year, the FBI warned that hackers could use unsecured smart TVs as a backdoor into your network. In 2020, the risks are even more obvious. One of the most popular smart TV brands has a critical flaw in its operating system that gives a hacker full access to the system’s back end. All they need to know is the TV’s IP address.

White-hat hacker finds a critical flaw in TCL smart TVs

Millions of TCL Android smart TVs are at risk for hacking thanks to a flaw found by a security researcher from Sick.Codes. The flaw involves open networking ports in the smart TV’s back-end, which hackers can scan to gain access without you knowing. If a hacker scans the ports, they can learn the TV’s IP addresses and see its hidden files with an ordinary web browser.

After testing different IP addresses, the researcher came upon http://10.0.0.117:7989/sdcard. This page let him see critical system files stored on the TV’s memory card, and none of them had any form of protection. With enough of time, a hacker could rewrite code on the smart TV, inject malicious files or disable it altogether. The researcher forwarded his findings to TCL, and it took 13 days for the company to get back to him.

TCL responded and claimed to have fixed the issue, but the researcher decided to dig even further. He found that while TCL did alter some of the TV’s most critical files, all of them could still be edited by any user with access to the file system.

TCL is the world’s third-largest TV manufacturer. Millions of the company’s smart TVs could be at risk for hacking or intrusion with no way to protect against it. There is no word whether or not a new security update will be released for the bug.

BitCherry IPv8 Technology redefined IP Security & Privacy

To address these issues, the blockchain project BitCherry was the one who first proposed, the blockchain network protocol built on top of IPv8 Technology and defines it as P2P + to enhance the IP security & privacy. BitCherry IPv8 works in the lower IP network layer and data link layer, which it can work at the host and router at the same time, because IPv8 uses 8-byte network address for addressing and works on the protocol layer which is lower and closer to the hardware device compare to IPv4 and IPv6, 4 and 6 bytes. Therefore, IPv8 can easily penetrate any network, firewall, network wall etc. To easily understand it, with the implementation of IPv8, virtual private network (VPN), proxy server and so on are no longer needed, and IPv8 can express more abundant network target address information.

The additional 2 bytes from IPv8 compare to IPv6 we can easily to understand are one byte is mainly used to express the shortest network path gateway service information between source address to target address to realize decentralized and other one byte will use to the high-speed interconnection and interworking between different networks.

Different from the traditional P2P network protocol. To ensure the security & privacy of network transmission and prevent the gateway node from doing evil things, BitCherry’s P2P plus network protocol implements point-to-point encryption. Although digital signature technology is used to ensure that the transmission content will be unalterable with, but it does not have the function of confidentiality and privacy protection.

In conclusion, we believe there will be more new secure technologies that will build with BitCherry IPv8 for a most secure and privacy environment. The release of IPv8 and BitCherry will work together to implement the upgrade of the security and privacy of Internet. Let us look forward a whole new safety internet to the arrival of IPv8 together!

BitCherry Testnet AMA Event On Telegram
Date/Time: Thursday, Dec 10th at 8PM(GMT+8)

Telegram: https://lnkd.in/gAp3nFJ
We will pick the 5 best questions about BitChery Testnet to answer, and each reward $20USDT.

Form: https://lnkd.in/gfEXXgF

#IPv8 #BCHC #Blockchain #BCHC

Do You Know IPv6?
IPv6 is slowly but irresistibly making its way into the Internet and into our networks. In industrial countries, the average user adoption rate is around 30%, Belgium being the leader with over 50%. Over 25% of the Top Alexa 1000 websites are dual-stack, which means, they are reachable over IPv4 and IPv6.

🌐 Blockchain Will Change It

Blockchain is a new architecture, that revolutionizes the Internet and replaces the common centralized client-server design. Blockchain stores data on a chain of nodes. It is a shared public ledger on which the entire decentralized distributed peer-to-peer network relies.

🍒 BitCherry Technology Implementation — IPv8

IPv4 / IPv6 are all IP layer protocols, the point of difference is the number of bytes of the network source address and the destination.IPv4 supports more than 4 billion addresses, but you at home or office are sharing a floating IP address to connect the internet with everyone because the number of IP addresses is not enough. When you be home is using the temporary IP address to connect the internet; only the data center computer room and private network have has a fixed IP address.

In order to solve the problem of insufficient IP addresses, the IPv6 protocol was upgraded. The essence of the protocol is almost exactly the same as IPv4, but upgrading the address to 6 bytes can express 262 trillion addresses, which exceeds the number of each grain of sand in the world. Therefore, it is sufficient for all Internet-connected computers and IoT devices now and in the future.

The IPv8 address is based on the IPv4 / IPv6 address, adding 2 bytes to express the topological relationship of the network and the double-layer P2Plus gateway node. P2Plus will establish a decentralized fast, safe, and private point-to-point on the IP layer Communications network.

For example, IPv4 / IPv6 are regular roads, and all the villages have the roads; IPv8 builds a highway, and all the cities have the highway entrances and exits, while IPv8 addresses build a highway entrance link the regular road.

In 2020, up to 82% of IP traffic will come from video, and 2/3 of network traffic will come from wireless networks and mobile devices. With the continuous evolution of video services, such as the provision of ultra high definition of 4K-8K video, virtual (VR)/augmented reality (AR), it will also promote the design of future 5G networks to better meet the needs of mobile application development. It has ultra high bandwidth and ultra low delay. At the same time, video consumption is also undergoing a series of changes: the consumption of people watching videos on TV is decreasing, the consumption of watching videos on mobile devices is increasing, the number of broadcast videos is decreasing, and the number of live videos is increasing at the same time. These changes will have a direct impact on the end-to-end network output.

Of course, all factors will put pressure on the future of 5G network performance. Whether the traditional IP network architecture can support the future 5G network performance has also become a topic of concern. Therefore, with the applying of 5G network, the innovation of IP network architecture became very imperative. As we all know, network protocol is the basis of network program, therefore, the security and connection speed of network protocol directly affect the security and performance of blockchain. However, all existing P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to network security gradually becoming a potentially huge problem, because the TCP/IP protocol was not fully considered when it was originally formulated. Because of its security, there are types of attacks such as IP address spoofing, source of routing attacks, and network eavesdropping in actual applications. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete during data transmission.

BitCherry redefined IP

To address these issues, the block chain project BitCherry was the one who firstly proposed, the block chain network protocol built on top of IPv8 technology, and defines it as P2P +.

P2P+ avoids monopoly caused by centralization

As we all know, a high degree of centralization leads to very low network security and a high degree of monopoly. While high degree of monopoly makes the entire Internet lack of vitality and the development speed will gradually decrease. In P2P+, each node is both a client and a server. In this way, you can download data from other nodes or let other nodes download data. The work provided by the large server in the original professional computer room is scattered and transferred to countless on ordinary nodes. In this case, each node only undertakes a small part of the work that originally belonged to the server. Even if a node has a problem, it can work automatically connected by other nodes. Therefore, a server problem may cause a relatively large impact (for example, the service operator has a downtime event). Once P2P+ is used, even if a few nodes or even hundreds of nodes have problems, it will not affect the operation of the network.

P2P+ saves bandwidth costs

The current Internet TCP/IP protocol will obtain content from the central data center. This method causes network congestion and low file access efficiency. However, in P2P+, the protocol works in the lower-level of IP network layer and data link layer (which can work on the host and router at the same time); because it works at the lower level and is closer to the protocol layer of the hardware device, so P2P+ It can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.

P2P has a high secure system

In today's Internet, communication between nodes relies on intermediate servers. Therefore, once the server is attacked by hackers, data privacy can easily be stolen, traded, or even made public, directly causing huge harm to users. In order to ensure the privacy of network transmission and the gateway node to make some harm, the P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of the transmission content and node privacy. The public and private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Different from the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes the network read/write of an 8-bit virtual IP address and recognizes it through the public key signature of the virtual IP address to prevent false IP address attacks.

The pace of commercialization of 5G is gradual, and it is now in the initial stage of development. In the future, there will be a broader imagination for the application of IP. The BitCherry as a practitioner of innovative technologies, adhering to the "innovation is king" concept, pays close attention to the development trend of the global industry, through P2P + let IPv8 applied to the broader scene to make people happy and enjoy the technology brings Extraordinary experience.

IPv8 - Explore BitCherry on IP level.

As mankind is about to move towards an intelligent, fully-connected world of Internet, Internet of Everything, is an integration of virtual and real, is to face new generations, new services, and new needs, traditional IP networks have long been unable to handle it. How to make IP networks inherit the genes of success to make it to continue the development on the basis of meeting the new needs of the future industrial Internet, and promote the digitization of the entire industry, this issue has become a common concern of the industry.

The current IP technology started in 1969 and the protocol was finalized in 1978, it nearly operated for 50 years and has achieved great success. It turned out that IP technology focused on connecting computers around the world before, mainly in the office field; later it extended to mobile internet, so all mobile phones connected by later IP technology; but for so many years, traditional IP technology has been unable to meet the rapid development of industrial internet which has a series of requirements such as low latency and security.

According to a report in the ‘Financial Times’, Huawei, in conjunction with the Chinese Trade Union, China Telecom, and the Ministry of Industry and Information Technology, submitted a proposal called "New IP" to the International Telecommunication Union (ITU).

Huawei distributed an impressive article (titled "New IP framework and Protocol for Future Applications"). The article explains that new IP is a new Internet protocol framework which can better support emerging network applications, such as multi-network and holographic communication, etc., The new IP will fundamentally support the variable length of the network layer, multiple semantic addresses, and user-defined networks.

It is not difficult to observe that the innovation of IP network architecture has become the top priority in the current network society. The emerging technology of blockchain, relies on the Internet, whether or not will launch its own journey of ‘IP revolution’.

As we all know, the network protocol is the basis of the network program, and the peer-to-peer network is also the basis of the blockchain operation. Therefore, the security and connectivity speed of the network protocol directly affects the security and performance of the blockchain. However, all existing public P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to have a network security issue which is gradually becoming a potentially huge problem, because the TCP/IP protocol was not formulated with a full consideration of security at all. We should fully consider its security, so in the actual application process there won’t be attacks such as IP address spoofing, source routing attacks, network eavesdropping and so on. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete transmission during data transmission.

In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.

BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.

As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like:

1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive networked subjects, has low transmission efficiency, instability, and is prone to attacks.

2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.

When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP, will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!

Nowadays Blockchain has become an important technology which promotes business development. So whoever can manage well core technologies may become the leader in this field. However, while using blockchain technology we still can experience some shortcomings. For example, most blockchain systems still adopt a single linked list structure and on chain commercial applications. The privacy and security of the company might be limited because of the performance of a single chain. So for this issue some public chain projects proposed a multi chain system structure. Unfortunately a multi chain system structure has the low efficiency between cross chain interoperability and the simple multi-chain structure. The commercial demand of monetary valued enterprises indirectly leads to some issues like: ineffective connection of traditional user groups and commercial institutions, the problem of weak liquidity, the low user trust caused by the lack of effective supervision methods in the existing blockchain. All of the problems mentioned above deeply limit the desire of enterprises in various fields to use blockchain technology.

As the world’s first scalable blockchain infrastructure based on IPv8 technology, BitCherry has built an innovative physical layer network protocol which is P2Plus end-to-end encryption. Current innovative network protocol has already achieved some improvements like: an improved spectrum from the high scalable hash map data architecture, improved smart contracts, cross chain consensus and other operating mechanisms. The innovative network protocol can provide global businesses with a high performance, high security, and high underlying technical support. Current services might be involved in different fields like: finance, product traceability, asset digitization, commercial consumption, e-commerce, cloud computing and also in many other fields.

The article above gives a quick introduction of project- BitCherry. The detailed explanation about aBFT+PoUc consensus algorithm will be explained on the following text content.

1. aBFT+PoUc consensus mechanism

Basic consensus algorithm of aBFT

BitCherry uses a distributed blockchain system; the consensus algorithm running environment is similar to the execution environment of distributed systems. It ensures the safety and reliability of the consensus algorithm. aBFT is the basis of consensus algorithm which is fully asynchronous by BitCherry. It does not have to waste a lot of energy for PoW problems caused by nor node PoS / DPoS bugs. The system has also inherited the advantages of aBFT distributed consensus algorithm in solving the problem of fault tolerance and malicious nodes. But it also has the following shortcomings:

1. There is no complete certainty of consensus. It is just operates by timing, the probability of tampering becomes smaller and smaller, forming final certainty, so the time for consensus determination is also related to the number of nodes;

2. All nodes participating in the transaction participate in the consensus as well, this also limits the TPS of the hash graph from both the network bandwidth and the CPU/GPU computing power.

Safe and efficient consensus algorithm: aBFT+PoUc consensus mechanism

On a consensus algorithm, BitCherry’s data structure is based on the hash map. It is the block chain pioneering technology with six degrees of separation theory, which demonstrates the value of PoUc user, selects consensus nodes, optimizes the network propagation consensus process. Current system is combined with BitCherry original P2Plus network protocols, and multiple types of applications BitCherry side chains which allows to create a unique aBFT + PoUc consensus.

It is different from the DPoS method; all users can participate in the PoUc consensus. The algorithm automatically selects neighboring nodes and non-neighboring nodes to virtual voting according to the relationship graph algorithm, and refers to their weights for virtual voting. The selected nodes will receive accounting rewards. The selection rule of the neighboring endorsed nodes is based on the node network bandwidth/delay, the close centrality of the main/side chain relationship map and the node’s Bit-U value. The node network connection and relationship map are only calculated by level. The Bit-U value of the node is selected first; the selection rule for the large V node gives priority to the Bit-U value of the node when the node bandwidth/delay threshold is met. In the node selection process, the degree of deduplication and randomness between rounds are specified. The nodes that are repeated between two adjacent rounds do not exceed 1/3 and are randomly selected. Newly selected nodes are randomly selected according to 1/3 of the number of candidate nodes.

In simple terms, BitCherry consensus algorithm is based on aBFT, so any node that satisfy the condition (based on the unique value of Bit-U prefers the neighbor node) can participate in the process of the whole PoUc consensus and almost all important nodes in the circle will also participate in the PoUc consensus process.

2. Incentive Mechanism Bit-U

Although Hashgraph is based on the aBFT algorithm and treats all nodes equally and can be decentralized to the greatest extent, it also lacks incentives for the entire economic system. Thus, BitCherry uses Bit-U incentives, Bit-U formed by the superposition of four dimensions, the user will have any dimension obtained for excitation, the excitation multidimensional is greater. T is the time dynamics, R for the user relevance, A is for user activeness and C is for user’s contribution.

Time Dynamics T: Determined by the length of time the user holds to pass. This indicator is mainly determined by the time the user holds the pass. We believe that long-term pass holders are more credible than non-holders and have less motivation for evil.

User relevance R: It is determined by the user relationship circle and relationship activity. The relationship map includes: social relationship, e-commerce relationship, knowledge sharing relationship, and resource sharing relationship;

User Activeness A: It is composed of user online time/frequency, social activeness, transaction activeness, and sharing activeness;

User contribution C is divided into two categories:

Cloud computing mining machine resource Cm: In addition to mining participation, cloud computing mining machine resource Cm also includes: IPFS storage resources, gateway bandwidth resources, and CPU/GPU computing resources;

External interface resource Cb: External resource Cb mainly refers to the provision of external resources for the public chain, including: advertising/sales and other commercial intermediary services, arbitration/mantra services, etc., mainly for the public chain to open up information about the external physical world, the traditional Internet, and the Internet of Things , Funds, equipment, and services that goods to provide.

Blockchain technology is leading a new round of global technological development and industrial transformation and has become an important technical technique for global technological innovation and model innovation. Many countries regard blockchain technology as the main national development strategy. In simple terms, blockchain technology Is the future.

2020 is a year for the development of public chain projects. Now the blockchain has entered a period of contention. Many public chain projects have appeared and developed, but there are good and bad situations. Under such circumstances, this article will introduce two value of investment, growth, and practicality blockchain project, and cited compare their technology. Both projects are similar to Polkadot and BitCherry, two projects are decentralized blockchain platform, with multi-chain fragmentation and network architecture, which will share the following technical advantages of the two projects, we welcome the discussion.

The structural design of the multi-chain fragment difference between Polkadot and BitCherry

Polkadot is a heterogeneous multichain with shared security and interoperability, composed of "relay chain + parachains", based on a multi-chain and heterogeneous sharding design based on nominated proof of stake (NPoS). There will be many different consensuses and parachains of different structures in the network. Each parachains has its unique data, P2P network architecture, and shares security by linking to the relay chain. The Availability and Validity (AnV) protocol of Polkadot is what allows for the network to be efficiently shared among parachains while maintaining strong security guarantees.

BitCherry is based on technology created IPv8 expandable blockchain infrastructure, according to the actual needs of different application scenarios do segmentation data, according to different types of content to provide the appropriate side chain, the main chain is only responsible for a consensus with the main transaction of Token, The number of side chains can increase with the increase of business volume and data. Nodes of different sub-chains handle their respective businesses and based on the design of a multi-layer systematic security assurance mechanism, to resist various attacks.

Sharding is based on the hashgraph division of the relationship graph. According to the six-degree split theory, the same type of relationship is usually concentrated in the surrounding small circles, and the relationship fragments from large to small form a hash circle, so the final 96% The above transactions are carried out in the same shard, cross-shard transactions will be greatly reduced, reducing a lot of unnecessary losses.

The Consensus algorithm difference between Polkadot and BitCherry

Polkadot adopts the NPoS consensus mechanism, that is, the "nominated equity proof mechanism". Simply put, all the holders of the project pass are the nominators of the Polka Ecology, and they have the right to nominate a certain node as a validator. The validator needs to pledge a certain amount of project tokens. Once successfully nominated as an active validator, it has the right to participate in the network block production. Besides, there is another feature at the consensus level that all shard networks share security, that is, the blockchain of the shard network shares the set of validators.

BitCherry using original aBFT + PoUc consensus mechanism, namely "user value of proof", and NPoS of different ways, all users can participate PoUc consensus algorithm according to the relationship map algorithm automatically selects the neighbor node and non-contiguous node, and concerning the weight Perform virtual voting, and the selected node will receive an accounting reward.

In simple terms, the BitCherry consensus algorithm is based on an asynchronous Byzantine fault-tolerant algorithm (aBFT), so any node that satisfies the condition (based on the unique value of Bit-U prefers the neighbor node) can participate in the process of the whole network PoUc consensus And almost all important nodes will also participate in the PoUc consensus.

How Polkadot and BitCherry could against the malicious attacks and protect chain security?

Polkadot maintains every chain around Polkadot by randomly selecting verifier nodes. The larger the pool of verifiers that can be randomly selected, the fairer and safer it will be. The probability that a group of people who want to do evil will be divided together will decrease. Therefore, Polkadot Official hope to have 1000 nodes to maintain the Polkadot chain, At the same time, fisherman, as a police officer in the system, can further strengthen the security of the system by finding out the evil operations and getting rewards.

BitCherry constructs the network protocol of P2Plus in the physical layer through the technology of IPv8. The P2Plus network protocol adopts the point-to-point high-strength private key encryption technology. Only the receiving node can decrypt the transmission content after encryption, which ensures the confidentiality of the transmission content and the privacy of the node. The operation of the whole node is attached to the structure of hashgraph, which can ensure the decentralization without heavy workload proof. At the same time, it can realize the point-to-point encryption of information and ensure the privacy and security of user data in the interaction process.

Although the two projects are different in terms of network architecture, consensus algorithm and privacy security, it is undeniable that Polkadot and BitCherry both project are beginning focus on security and make enough efforts to protect the privacy security on the chain, which is very important for users of blockchain projects.

Different application scenarios targeted by Polkadot and BitCherry

Polkadot focuses on the interoperability of the blockchain network and the flow of the whole information. The final consensus of other parallel chains（Parachain） is provided by Polkadot, which makes it easier for the relay chain of Polkadot to record all the information of the whole network. Polkadot can directly call the intelligent contracts on other chains.

BitCherry focuses on providing customized commercial applications for different business scenarios. It solves the problem of blockchain network scalability through multi chain structure and physical fragmentation technology, by provides fully customized services and supports completely private side chains. Each side chain is a complete commercial level blockchain solution.

Polkadot's model snatches the function and value of the security protection of the native token of other chains. The chain established on Polkadot only has its own business scenario to support the market value of the currency. So, I guess a chain that wants to have autonomy may choose to build on the BitCherry network architecture. However, BitCherry is still in the early stage of technology research and development, and its main network has not been launched yet. There is no actual case in the market to verify the practical applicability of its technical concept.

Polkadot and BitCherry are both outstanding blockchain project representatives in the market at present. Both projects have distinct technical characteristics, and their different characteristics will attract different developers and users with different needs.This article only shares two blockchain projects that the author believes are forward-looking, growing, and practical. Nowadays, more potential public chain projects are springing up in the market. In the future, we will see who the winner of this public chain empire is.

How do you think?

Do You Know IPv6?

IPv6 is slowly but irresistibly making its way into the Internet and into our networks. In industrial countries, the average user adoption rate is around 30%, Belgium being the leader with over 50%. Over 25% of the Top Alexa 1000 websites are dual-stack, which means, they are reachable over IPv4 and IPv6.

🌐 Blockchain Will Change It

Blockchain is a new architecture, that revolutionizes the Internet and replaces the common centralized client-server design. Blockchain stores data on a chain of nodes. It is a shared public ledger on which the entire decentralized distributed peer-to-peer network relies.

🍒 BitCherry Technology Implementation — IPv8

IPv4 / IPv6 are all IP layer protocols, the point of difference is the number of bytes of the network source address and the destination.IPv4 supports more than 4 billion addresses, but you at home or office are sharing a floating IP address to connect the internet with everyone because the number of IP addresses is not enough. When you be home is using the temporary IP address to connect the internet; only the data center computer room and private network have has a fixed IP address.

In order to solve the problem of insufficient IP addresses, the IPv6 protocol was upgraded. The essence of the protocol is almost exactly the same as IPv4, but upgrading the address to 6 bytes can express 262 trillion addresses, which exceeds the number of each grain of sand in the world. Therefore, it is sufficient for all Internet-connected computers and IoT devices now and in the future.

The IPv8 address is based on the IPv4 / IPv6 address, adding 2 bytes to express the topological relationship of the network and the double-layer P2Plus gateway node. P2Plus will establish a decentralized fast, safe, and private point-to-point on the IP layer Communications network.

For example, IPv4 / IPv6 are regular roads, and all the villages have the roads; IPv8 builds a highway, and all the cities have the highway entrances and exits, while IPv8 addresses build a highway entrance link the regular road.

Nowadays Blockchain has become an important technology which promotes business development. So whoever can manage well core technologies may become the leader in this field. However, while using blockchain technology we still can experience some shortcomings. For example, most blockchain systems still adopt a single linked list structure and on chain commercial applications. The privacy and security of the company might be limited because of the performance of a single chain. So for this issue some public chain projects proposed a multi chain system structure. Unfortunately a multi chain system structure has the low efficiency between cross chain interoperability and the simple multi-chain structure. The commercial demand of monetary valued enterprises indirectly leads to some issues like: ineffective connection of traditional user groups and commercial institutions, the problem of weak liquidity, the low user trust caused by the lack of effective supervision methods in the existing blockchain. All of the problems mentioned above deeply limit the desire of enterprises in various fields to use blockchain technology.

As the world’s first scalable blockchain infrastructure based on IPv8 technology, , BitCherry has built an innovative physical layer network protocol which is built P2Plus end-to-end encryption. Current innovative network protocol has already achieved some improvements like: an improved spectrum from the high scalable hash map data architecture, improved smart contracts, cross chain consensus and other operating mechanisms. The innovative network protocol can provide global businesses with a high performance, high security, and high underlying technical support. Current services might be involved in different fields like: finance, product traceability, asset digitization, commercial consumption, e-commerce, cloud computing and also in many other fields.

The article above gives a quick introduction of project- BitCherry. The detailed explanation about the technical framework and innovative technologies will be explained on the following text content.

1、 BitCherry Technology Concept

BitCherry is the world’s first scalable blockchain infrastructure based on IPv8 technology. It has three major characteristics: they are high performance, data security and consensus governance. The company aims to build a commercial level blockchain infrastructure with an innovative physical layer which will be able to provide a high-performance, high security, high availability public chain support for distributed business applications on the chain.

BitCherry Key Technologies are:

IPv8, P2Plus Network Protocol（BlockChain Plus）, Sharding technology (Hash Ring Sharding Technology based on dividing the Related Hashgraph), aBFT+PoUc consensus algorithm, Bit-U incentive mechanism, smart contracts, and Cross Chain interoperability.

2、 Main technology innovations and their advantages

P2Plus Network Protocol（BlockChain Plus）

The existing P2P public chain protocols work above the TCP transport layer on the host side of the IPv4 / IPv6 wide area network, while the IPv8 protocol of BitCherry works in the lower layer of IP network and data has a link layer (which can work at the host side of routers and other machines at the same time). In other words, BitCherry starts to build the protocol which operates from the lowest physical layer, because it works at a lower level and located closer to the hardware. On the protocol layer of the device, P2Plus can easily penetrate any network, banning wall or network wall. Shortly, VPN, proxy server others are no longer needed. The P2Plus Network Protocol advantages are as follows:

High Performance: The transaction performance is improved by the horizontal fragmentation and vertical side chain of HashRelationGraph Algorithm. The consensus layer of the whole network is expanded to more than 100 000 nodes. The nodes participating in consensus in each transaction are controlled within hundreds nodes. In this way, BitCherry network can be completely decentralized, and the TPS of the network can reach for more than one million. Even if there are tens of thousands of BCHC transactions per second, the security and stability of BitCherry network will not be affected.

Scalability: Based on the aBFT Asynchronous Algorithm and relying on the expansion design of vertical side chain and horizontal fragmentation, the problem of block congestion is solved, which means that the resource occupation of phenomenal pop up applications will not affect other chain applications.

Privacy Security: The operation of the whole node is attached to the structure of hashgraph, which ensures the decentralization without heavy workload. It can realize the point-to-point encryption of information at the same time it can obtain a value high-speed interconnection, ensure the privacy and security of user’s data in the interaction process.

2. Sharding technology

The biggest problem of existing shard technology is cross chain transaction. Cross chain synchronous transaction in most of the time lose performance and asynchronous transaction damages security, the transaction is also occurring under some restrictions, the transaction must specify the partition in which it is located, so because of the issues mentioned above the actual application scenario will be greatly limited. As the solving way of the issues BitCherry uses Hashgraph partition based on the Relationship Graph. According to the six degree segmentation theory, the same type of relationship is usually concentrated in the surrounding small ring (similar to WeChat circle of friends), and it will form a Hash Ring from large to small relationships, such as the ring of friends or people who may know. Therefore, more than 96% of the final transactions are carried out in the same segment, and unnecessary cross segment transactions will be greatly reduced.

3. aBFT + PoUc Consensus Algorithm

In terms of consensus algorithm, BitCherry creatively combines blockchain technology with six degree segmentation theory on the basis of hash graph data structure which. It is proved that the value of PoUc would benefit in selection of consensus nodes and optimize the communication process of network consensus propagation process, and create a unique aBFT + PoUc consensus. Different from DPoS, all users can participate in the PoUc consensus. The algorithm automatically selects adjacent nodes and non-adjacent nodes according to the relationship graph algorithm, it conducts virtual voting with reference to their weights, and the selected nodes will get bookkeeping rewards.

4. Smart contract

BitCherry smart contract is a fully functional Docker containerized smart contract that supports multiple programming languages and supports external resource isolated by sandbox. In terms of programming language, it supports solidness, C + +, Java, go, typescript and other mainstream programming languages. The smart contract supports IPFs and the network upper layer protocol based on P2Plus point-to-point encryption. Its services involve supply chain finance, asset digitization, commercial consumption, e-commerce, distributed cloud computing and many other commercial fields.

5. Digital token

The main role of project’s BCHC token in the BitCherry ecology is to confirm the rights and price. It is the digital carrier of assets and the value support of BitCherry ecology. Its existence facilitates the flow of value in the form of digitization in the BitCherry ecology, realizing the mapping from the physical world to the digital world.

In the near future, we will give you a detailed introduction to the technology, consensus, product, ecology, and value of the distributed commercial public chain BitCherry.

As mankind is about to move towards an intelligent, fully-connected world of Internet, Internet of Everything, is an integration of virtual and real, is to face new generations, new services, and new needs, traditional IP networks have long been unable to handle it. How to make IP networks inherit the genes of success to make it to continue the development on the basis of meeting the new needs of the future industrial Internet, and promote the digitization of the entire industry, this issue has become a common concern of the industry.

The current IP technology started in 1969 and the protocol was finalized in 1978, it nearly operated for 50 years and has achieved great success. It turned out that IP technology focused on connecting computers around the world before, mainly in the office field; later it extended to mobile internet, so all mobile phones connected by later IP technology; but for so many years, traditional IP technology has been unable to meet the rapid development of industrial internet which has a series of requirements such as low latency and security.

According to a report in the ‘Financial Times’, Huawei, in conjunction with the Chinese Trade Union, China Telecom, and the Ministry of Industry and Information Technology, submitted a proposal called "New IP" to the International Telecommunication Union (ITU).

Huawei distributed an impressive article (titled "New IP framework and Protocol for Future Applications"). The article explains that new IP is a new Internet protocol framework which can better support emerging network applications, such as multi-network and holographic communication, etc., The new IP will fundamentally support the variable length of the network layer, multiple semantic addresses, and user-defined networks.

It is not difficult to observe that the innovation of IP network architecture has become the top priority in the current network society. The emerging technology of blockchain, relies on the Internet, whether or not will launch its own journey of ‘IP revolution’.

As we all know, the network protocol is the basis of the network program, and the peer-to-peer network is also the basis of the blockchain operation. Therefore, the security and connectivity speed of the network protocol directly affects the security and performance of the blockchain. However, all existing public P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to have a network security issue which is gradually becoming a potentially huge problem, because the TCP/IP protocol was not formulated with a full consideration of security at all. We should fully consider its security, so in the actual application process there won’t be attacks such as IP address spoofing, source routing attacks, network eavesdropping and so on. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete transmission during data transmission.

In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.

BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.

As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like:

1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive networked subjects, has low transmission efficiency, instability, and is prone to attacks.

2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.

When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP, will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!