Qitmeer Network Monthly Bulletin (2023/01/01-2023/2/28)
To our beloved Qitmeer community,
We wish you all the best in 2023!
As we begin the new year, Meer has launched a new trading platform to enhance liquidity and increase popularity for Meer. The Qitmeer QNG network has also undergone iteration with a new version to optimize node synchronization efficiency, allowing for more effective performance. The Qitmeer Team is currently testing POA models for high-speed subnets and side-chain models to provide better technical support for future commercial deployments.
We will be offering more products and services to our community, including but not limited to TestNet Faucet, theGraph, Oracle, NFT, AIGC, and other related products. Additionally, the Ecological Fund will actively support more exceptional developers to join the ecological construction and incubate more high-quality ecological projects.
Meer Engry is an overseas computing power company that has started clean energy mining jointly with local people in North America. The Meer mine is also being built to further enhance the global distribution of Qitmeer Network computing power.
Following the earthquake in Turkey, the Qitmeer Team launched the Meer fundraising channel at Qitmeer.io to provide assistance to the affected communities in Qitmeer Turkey/Syria in a humanitarian spirit.
Furthermore, the Qitmeer Team will continue to iterate and improve products based on the feedback and opinions of the community to provide quality services. In terms of future community governance and product innovation, we hope to meet the needs of the community. We have made a good start in 2023, and we expect Qitmeer to continue to improve in the future.
We will be publishing our monthly review report in the Community Dynamics section on the homepage of our website, which will include the following main contents:
Community dynamics
MEER was listed on the LBank trading platform
To achieve a better trading experience and improve MEER's trading liquidity and value, MEER has officially launched LBANK, a digital asset trading platform, at 18:00 (UTC+8) on January 15, 2023.
LBank registration link:
https://twitter.com/QitmeerNetwork/status/1613838680153817089
Staking rewards :
Pledge interest release (Honor and Guard) pools
Qitmeer Network opened the "Majority Game Model" in the Umayyad 1.0 era, that is, the lock-up incentive activity of the glory pool and the guardian pool. The total lock-up amount of the guardian pool and the glory pool: 9228012.742854Meer, which attracted many Meer supporters to participate.
The amount issued by the verified pledge account 8621434.67088562; Return the principal without verifying the original way of account 358087.02396838; The 582.048 MEER transferred from the Jubi exchange is unclaimed.
https://twitter.com/QitmeerNetwork/status/1625166361558421505?t=O9yDYsYTyZLefkCsql4Izw&s=19
After Staking , On October 20, 2022, Qitmeer Team launched the Staking-related data query channel (address, quantity, income, etc.), as well as the redemption address confirmation and right confirmation channel on the official website (qitmeer.io).For community users who do not submit redemption information during the verification period, we also humanely opened the interest redemption application form. All users who submit the application before February 20th can still normally issue the lock-in interest. The interest has been released in 8 phases. Up to now, all the interest has been released.
- Interest actually issued 7313714.68166293 (verification completed), form application for redemption 37114.4572178 (secondary verification channel) and 66381.1249 (V0 pool)
V0 pledge
After communication and verification with the KAHF Wallet team, the principal amount of BSC V0 pool pledged Meer was sent to the EVM Meer address on February 24, 2023, and the principal was sent in full.
The interest sending rule is based on the average rate of return of the guardian pool and the honor pool. At present, all the interest has been sent out, and the total V0 interest is 66,381. The rate of return is 84.5% according to the weighted average rate of the Guard pool and the Honor pool.
EVM Meer and BSC Meer cross-chain transfer functions have been opened
The BSC Meer and EVM Meer can be converted into WMeer in Kahf wallet, and then into EVM Meer via the Bridge. (Warm reminder: Due to the lack of liquidity of BSC Meer, please do not carry out EVM Meer to BSC Meer contract operation, so as to avoid unnecessary asset losses.)
Community Activities
New Year’s Day raffle
In order to welcome the Lunar New Year, Qitmeer Network Chinese community held a one-week Meer lucky draw in QQ community to celebrate the Lunar New Year! Community partners actively forward the invitation of New Year’s Day activities, attracting more users to return to the community.
Faucet test activity
2023 New Year’s Day is coming, Qitmeer Network Chinese community in order to build community culture and enhance community interaction, opened the Faucet test activity, all users participating in the test, shared 3000Meer bonus. When participating in product testing, users will also give positive feedback to Qitmeer product development team.
https://twitter.com/QitmeerNetwork/status/1618957230698790914
Turkey and Syria Earthquake fundraiser
After the earthquake in Turkey and Syria, the Qitmeer website launched the Meer fundraising channel at https://qitmeer.io/#/earthquake-charity. On February 10, 2023, at 5 PM, the Qitmeer Global Community officially launched a disaster relief fundraising campaign to help the affected people return to their normal lives and rebuild their homes as soon as possible.
The campaign lasted for seven days, during which Qitmeer received extensive support and response from its communities both at home and abroad. By 5 PM on February 23, a total of 121,011.02 Meer had been collected, and 117 community donors had provided donations for 1,234 people affected by the disaster.
Donations for Syria, another quake-hit region, will be delayed until March 1.
In addition, Daily Planet, a blockchain media outlet, reported on the Qitmeer Network fundraising activities.
https://twitter.com/QitmeerNetwork/status/1629013291199762434
International community dynamics
Turkish community user growth
The earthquake donation activities in the disaster areas have not only helped the affected people but have also had a positive impact on the Qitmeer Network’s community expansion in Turkey. As a result of these activities, the total number of people in the Turkiye community of Qitmeer Network has increased by more than 1,300. This increase in community members has helped establish a solid user base and reputation for the expansion of the Turkish community. Currently, the total number of people in the Turkish community stands at 2,532.
Syrian community launch
Disasters are indiscriminate and can affect anyone regardless of their nationality. Similarly, love and compassion are universal emotions that transcend race and ethnicity. In light of this, the Qitmeer Team recognized the need to extend assistance beyond their own borders and created the Qitmeer Network Syria community.
After extensive discussions on how best to support those impacted by the ongoing crisis in Syria, the Qitmeer Team established a community with the goal of aiding in the recovery efforts and promoting the long-term development of the Syrian community.
The Qitmeer Network Syria community is a testament to the power of unity and collaboration in times of crisis. Through this initiative, the team hopes to make a meaningful contribution to the lives of those affected by disaster and provide a platform for individuals from all backgrounds to come together in pursuit of a common goal
The international community hosts AMA events
Qitmeer International community manager, Solex, and Web3 creator, Benjamin, recently hosted an Ask Me Anything (AMA) session in the Qitmeer International community. The primary focus of the discussion was on the core technological advancements of the Qitmeer Network, as well as the team's plans for future development.
The AMA session garnered a positive response from users in the international community, who were keen to learn more about the latest updates and innovations from the Qitmeer Team. The collaboration between Solex and Benjamin provided valuable insights and perspectives on the Qitmeer Network, particularly in the context of the broader Web3 ecosystem.
As a result of this informative and engaging event, the Qitmeer Team continues to strengthen its relationship with the international community and foster a sense of transparency and inclusivity in its operations. The AMA session represents a commitment to open communication and collaboration, two essential values that underpin the Qitmeer Network's vision for a more connected and equitable future.
https://twitter.com/QitmeerNetwork/status/1623460869823950848
The Qitmeer Network Nigeria community has been actively organizing raffles and contests through their Telegram group, which has garnered positive feedback from users and has resulted in an influx of new members. This initiative has been met with great enthusiasm from the community, contributing significantly to the network's growth.
Furthermore, the Qitmeer Network Discord community channel has experienced a remarkable surge in membership, with over 3,300 members as of the time of this writing. This growth rate is a testament to the network's appeal to users and its potential to attract a larger audience.
As a result of this impressive growth, the Qitmeer Team is planning to implement innovative management strategies that will help sustain the network's popularity while ensuring continued development. These strategies will be designed to ensure that the network remains relevant, user-friendly, and capable of meeting the needs of its growing community.
Community Ambassador scheme
Start the Community Ambassador Program to build a more empowered community——
The success of the Qitmeer Network project is built on its strong community engagement. The project is dedicated to blockchain industry research and has developed a mature governance system in various aspects such as technology, product, community, and talent introduction.
To further strengthen the community’s involvement, the project has launched a Community Ambassador Scheme.
This initiative will invite encryption enthusiasts, influential media practitioners, and senior Kols to participate in the development and construction of Qitmeer Network. By doing so, the project aims to enrich the team’s organizational structure and provide users in the crypto world with a channel to understand Qitmeer Network and its Block DAG technology.
This initiative is an essential step towards enhancing the popularity of Qitmeer Network in the crypto industry, particularly as it navigates the trough of value. By leveraging the expertise and influence of community ambassadors, the project can increase its exposure and engagement with a broader audience, laying a solid foundation for its continued growth and success.
Qitmeer Network product and tool update
TestNet Faucet
The Qitmeer TestNet Faucet serves as a resource for individuals who are interested in building on the Qitmeer platform, particularly for Dapp developers who are in the process of deploying their applications and need access to Meer on the test network. By utilizing https://faucet.qitmeer.io/, Dapp developers can collect test network Meer and thoroughly test the security and stability of their applications before releasing them on the mainnet.
Official verification channel
https://test.meertalk.org/#/verification is a verification channel for users to avoid scam, it is important to ensure that you authenticate your information through official channels. This will help you to effectively manage your authentication information and avoid any potential security risks to your assets. It is crucial to be vigilant and guard against any threats to the security of your assets.
Biibot
Biibot (https://www.biibot.com/) is an indexing protocol for The Qitmeer network, The Graph is a decentralized protocol for indexing and querying blockchain data, it started with Ethereum, It makes it possible to query data that is difficult to query directly.
The current progress of Biibot:
The current progress of Biibot:
1. Deployment of The graph on the test network and main network has been completed, and corresponding data acquisition nodes have been established；
2. Basic functions of front-end browser have been realized；
3. Data acquisition subgraph of test network and a monitoring subgraph of ERC20 token transfer have been established；
4. The main network data acquisition subgraph and an ERC20 token transfer monitoring subgraph have been established；
5. Most docking documents of technology development and subgraph deployment have been established, and subgraph deployment use cases have been added.
Next, The graph product development plan
1. Continue to improve Biibot documentation；
2. Started the development of oracle project；
-2.1 chainlink Node Deployment
-2.2 Oracle Machine Node Deployment
-2.3 Oracle Machine Smart contract Deployment of major modules
-2.4 Deployment of BTC ETH price contract
We will first deploy on the test network, clarify the business process clarity and technical security, and then transition to the main network.
Dimai
Dimai is a next-generation NFT content production engine powered by AIGC. It is specifically designed to create an AIGC NFT platform on the Qitmeer Network that combines a one-stop authoring tool with an efficient marketplace. Dimai’s vision is to eliminate barriers to NFT creation for Meer Token holders, accelerate the NFT creation process, and offer a think tank for professional creators. Furthermore, it provides a trading and co-creation ecosystem for artists and collectors. Dimai is scheduled to launch in mid-March 2023
Technology development
On February 21, 2023, the QNG network received a major update with the release of the latest node version
qng-1.0.19+release-083abdb
It has been nearly three months since the last stable version was pushed, and during this time Qitmeer Network has submitted another excellent answer. In the latest release, some of the issues that existed in the previous version have been fixed, some new attributes and features have been added, and what's more impressive is that the Qitmeer Layer 2 high speed network, the Qit subnet, is supported in the new version. It is a POA consensus high speed subnet designed for high-performance applications. Of course, the Qit subnet is just a newborn baby that needs a lot more nurturing.
Download the latest node version: https://github.com/Qitmeer/qng/releases/tag/v1.0.19
New function
1. QitSubnet Support POA high-speed subnet QitSubnet: This network belongs to Qitmeer layer 2 extension. It adopts the Proof of Authority (POA) consensus protocol and is escorted by the bottom layer network of Qitmeer POW to create a high-performance application network with high speed confirmation. Since QitSubnet is not yet mature, you can only use it in a test environment.
1.1 QitSubnet support:
https://github.com/Qitmeer/qng/commit/8ebe4a71ca90fb7aa5df2719a183789d47564e36
1.2 Add Qit network consensus:
https://github.com/Qitmeer/qng/commit/7472e18019060b0d82e9a2d67ab2e9bf3f6fa506
1.3 QitSubnet RPC support:
https://github.com/Qitmeer/qng/commit/d93dfa208953b2eba86f3bec6293b4a1e585c5d8
1.4 QitSubnet Consensus supports web3 js interfaces:
https://github.com/Qitmeer/qng/commit/1d7a1b4690e39dfe6a3bb1cd809a5b7878038842
2. Optimize data indexing and storage management: Improve data indexing services, enhance data synchronization/storage flexibility, and realize flexible choice between light data nodes and complete data service nodes.
2.1 Add a virtual machine block indexing service and data store:
https://github.com/Qitmeer/qng/commit/c29e5f3da6e589fb0ee50844c1402fbf6ebcbabf
2.2 Support vm block index deletion command --dropvmblock：
https://github.com/Qitmeer/qng/commit/f99c64463a31e3160eb5c000d9651058e2193f1c
2.3 Support vm block index fetching function:
https://github.com/Qitmeer/qng/commit/53fbe553c299a7630b7c81a666111e2411c9b25d
2.4 Optimize the storage of illegal transactions:
https://github.com/Qitmeer/qng/commit/70bf42c8ef6eb549225714b80637bf1f5a4d7d00
2.5 Support the removal of illegal trading orders:
https://github.com/Qitmeer/qng/commit/167d485d3e0d2dd9b4316a34abcbf7237216a109
3. Consensus protocol and network service architecture optimization, DAG memory and resource load optimization, block data load optimization
3.1 Consensus optimization and testing:
3.2 Service structure adjustment:
https://github.com/Qitmeer/qng/commit/a3aa4f44de96416e92e10dfea16d7018c5ffb3bc
3.3 Optimized block synchronous path search algorithm:
https://github.com/Qitmeer/qng/commit/676583f49d97f4d3ad03687fe7d57c1c4f8fe480
3.4 Optimize blockchain config:
https://github.com/Qitmeer/qng/commit/676583f49d97f4d3ad03687fe7d57c1c4f8fe480
3.5 Optimize the vm service interface:
https://github.com/Qitmeer/qng/commit/89e23a363b6ed554b85c98c67c5b837b20f606f8
3.6 Support consensus rebuilding order:
https://github.com/Qitmeer/qng/commit/d22cfa72cf8696f1a5a089f2e050ebf48939d8a2
3.7 Optimized block template cache:
https://github.com/Qitmeer/qng/commit/87bfa3b4d4a506d6dade504c9d48045212281427
3.8 Added the dump blockchain command:
https://github.com/Qitmeer/qng/commit/fd19a8a4b2085de556d4681afb0775c75e764e69
3.9 Simplify block and transaction processing:
https://github.com/Qitmeer/qng/commit/5435b3b9ca3b8f7e4d3ce7b3151370cacf2c06be
3.10 blockchain export and update, and blockchain aidmode update command migrated to fastbid:
4. Dependent update:
4.1 go-ethereum upgraded to v1.10.26
4.2 libp2p is upgraded to v0.25.1
4.3 Golang v1.20 is supported
BUG fix
BUG: Invalid vm block index data update:
https://github.com/Qitmeer/qng/pull/308
BUG:MeerEVM data extension:
https://github.com/Qitmeer/qng/pull/321
BUG:meerevm p2p port confusion:
https://github.com/Qitmeer/qng/pull/325
BUG: Log format is inconsistent:
https://github.com/Qitmeer/qng/pull/328
BUG: Block synchronization is interrupted abnormally:
https://github.com/Qitmeer/qng/pull/329
BUG: Database error with traditional format in QitSubnet:
https://github.com/Qitmeer/qng/pull/330
BUG: Startup and block reorganization are very slow:
https://github.com/Qitmeer/qng/pull/331
BUG:mainet meerevm restart error:
https://github.com/Qitmeer/qng/pull/336
END
Qitmeer Network aims to create an open, transparent, secure, efficient and usable public blockchain network. Based on the current planned product layout, the ecological infrastructure of Qitmeer Network has been basically built.
Qitmeer Network will continue to explore the direction of Web3, and we hope that excellent community users and developers who are interested in Qitmeer will join us.
Please follow us for more information about Qitmeer Network projects.
