SINOVATE builds a Blockchain respecting a Green Trilemma

SINOVATE aims to provide a decentralized Cloud (dCloud) infrastructure to download and upload data in a secure, fast, and low-cost way. It is then necessary to build a blockchain technology that may respect Buterin’s trilemma as much as possible. Decentralization, security, and scalability is a keystone of blockchain technologies. The release of BETELGEUSE tends to respect this trilemma by guaranteeing a lower carbon footprint in its consensus.

How can a blockchain be green?

In 2008, Bitcoin, a peer-to-peer (P2P) network, generated its first block with the first Nakamoto consensus called Proof-of-Work (PoW). This mechanism puts in competition the power of multiple machines that concur to be the first to submit a valid block to the P2P network. Whereas this solution is highly decentralized and secure, its scalability and high network carbon footprint became genuine concerns for the massive adoption. Statista reveals that one Bitcoin transaction requires 10 more kilowatts per hour than 100,000 VISA transactions. However, BTC and ETH represent only 0.11% of all the CO2 emissions.

For these reasons, the blockchain ecosystem saw emerging manifold consensus solutions such as Proof-of-Stake (PoS) and practical Byzantine fault tolerance (BFT) solutions that are secure and highly scalable. PoS solutions remain decentralized compared to delegated-PoS or BFT-solving solutions where the number of validators is known and very limited.

This effective centralization of the P2P network allows these solutions to compete with worldwide massive-adopted solutions such as VISA (more than 2,000 transactions per second (TPS)). These weakly decentralized methods bring the possibility to have a very-low network carbon footprint that can be lower than the VISA system. However, could we say these technologies are still cryptocurrency decentralized solutions?

Save the Decentralization and makes the Blockchain Greener

This loss of decentralization will surely be a question that will come back to the choice of technologies in the next few years as a fundamental of humankind governance. SINOVATE cannot accept centralizing so much of the governance in the hands of a few validators. We developed in multiple steps different Nakamoto solutions by leveraging the best of the recent implementations in Bitcoin Core.

The first step is developing the X25X GPU PoW mining solution, which is designed to limit dedicated equipment while using low-power consumption for competing with other computers. A second step was to implement the Proof-of-Burn (PoB) mechanism for transaction fees and other use of the blockchain, limiting attackers’ gain. The third step was to create the InfinityNode technology, an upper-layer that provides additional security with the novel mechanism called LockReward, and complimentary services such as data storage or unique payment gateways.

InfinityNode uses the PoB mechanism to commit a 12-month service contract, a high-security vector. The InfinityNode will transfer and store data. This contract commitment in the blockchain improves the energy efficiency of a dCloud ecosystem. This is mainly due to the guaranteed uptime of InfinityNode that must recover the contract commitment with the network rewards. Hence, data proof-of-integrity does not require complex algorithms such as the proof-of-space time or IPFS. The last step is BETELGEUSE (31st of March 2022).

SINOVATE evolved its layer-1 solution to implement the first step of the fourth generation of Proof-of-Stake (PoS4) with Bitcoin Core 0.22. This makes SINOVATE a highly-decentralized triple-layered secure blockchain alongside the LockReward and X25X.

SINOVATE wanted to not use the consensus as a vector of scalability. Hence, the latest updates of the Bitcoin core allows the blockchain to increase the block size to 32 MB and 64 MB in SegWit mode with a block generation of 1 minute. This allows more than 2k TPS to compete with BFT-solving solutions. The technical solution guarantees SNOVATE a Layer-1 solution with the greenest trilemma-solving consensus.

Everything to know about the imminent SINOVATE mainnet upgrade, the BETELGEUSE!

SINOVATE is innovating to build the decentralized Cloud (aka dCloud or Cloud 3.0) for the future of businesses and individuals’ data storage. After two public testnets in June 2021 and February 2022, SINOVATE is happy to announce the official release of the BETELGEUSE upgrade on the 31st of March 2022 (block height 900,000). Therefore, we remind our users it will be mandatory to upgrade their wallet to its last version, where the links are provided at the end of this article.

This challenging everyday objective allowed the main blockchain to be more scalable, secure, and decentralized. The following describes what is SINOVATE before this novel upgrade to understand our path, what brings the Bitcoin core 0.22 to our network, a brief description of Proof-of-Stake, and the next steps of our network evolution.

The existing technologies of SINOVATE

SINOVATE had its blockchain genesis on the 26th of September 2018. Its creation has initially been to tackle the scalability issue of Proof-of-Work (PoW) technologies by bringing a new GPU mining, X22i, with a block size of 1MB generated every 2 minutes for 40 transactions per second (TPS). The founder, Tamer Dagli, proposed to the community to rebrand to SINOVATE to become the most efficient dCloud infrastructure that will compete with centralized solutions.

In June 2019, SINOVATE evolved the X25X algorithm to be more eco-friendly and ASIC/FPGA-resistant and introduced the Proof-of-Burn (PoB) mechanism and the first iteration of the InfinityNode technology. PoB enabled SINOVATE to have a self-regulated circulating supply by burning transaction fees and coins in the commitment of the InfinityNode contract. InfinityNodes were essential to be explicitly created because they will communicate with users for transferring and storing data. Hence, burning the collateral of the InfinityNode contract forces the owner to maintain a 100% uptime to retrieve its funds and earn a certain APY. InfinityNodes are then the keystone of our dCloud infrastructure called SINOVATE Nephele: The Incorruptible Data Storage.

In December 2020, SINOVATE improved its website and offered the possibility to set up an InfinityNode from the wallet in only one click. This came with implementing an improvement proposal with a deterministic InfinityNode reward system. This completely removed any luck possible in rewards distribution while improving security by using the InfinityNode-oriented algorithm called LockReward.

In 2021, the development team provided a Mobile wallet solution where it is possible to set up an InfinityNode from these devices. In addition, the team focused on multiple iterations of BETELGEUSE implementation to bring all the features from Bitcoin Core 0.22 in the SINOVATE technology while creating the fourth generation of Proof-of-Stake.

Bitcoin 0.22: Novel solutions and blockchain specifications

InfinityNodes will be the medium of file storage. At the same time, the blockchain must be scalable, secure, and reliable for file transfers and coins transactions. Furthermore, the blockchain infrastructure plays a non-negligible role as the backbone for providing smart contracts, tokenization, and sidechain technologies released in further releases. Therefore, updating SINOVATE to the last Bitcoin Core provides us with the possibility to enjoy the previous technological breakthrough done by the Bitcoin community. Moreover, it enables any developer to adapt quickly to SINOVATE infrastructure in decentralized applications or any Bitcoin-related services.

The Bitcoin Core 0.22.0 is mainly a tech-wise-oriented update to improve the development ecosystem and the blockchain infrastructure. As a result, regular users will notice a performance improvement during the network synchronization and smoother wallet usage.

This update will guarantee a higher degree of security for “light client” wallets of users, exploiting a “Bloom filters” mechanism that seems privacy-unfriendly. This filter requests from the client wallet a validation of blocks that only concerns the client itself. With Bitcoin Core 0.22, this mechanism is replaced by a “compact client-side block filtering” method. Instead of having the wallet doing this operation, it is full nodes of the network which create the filters and send them to the “light client” wallets. Then, the wallet will process the data with filters, fetch the whole blockchain database, and pick what is relevant for the client.

The update introduces other features such as descriptor wallets, new broadcast attempts control, TOR V3 Support which is major because TOR V2 is becoming deprecated in one year.

The developers improved the options with SINOVATE by activating Taproot natively to use the Schnorr signature efficiently. From Binance Academy, Taproot is: “… a soft fork that enhances Bitcoin’s scripts to improve privacy, efficiency and the network’s ability to handle smart contracts. It is considered the most significant Bitcoin upgrade since the SegWit upgrade in 2017.

Proof-of-Stake: First Iteration of the Fourth Generation

The scalability of the blockchain is required for the efficiency of the SINOVATE Nephele solution. However, even though the Bitcoin Core 0.22 provides novel features that will considerably play for the smart contracts and Layer-2 solutions, the Layer-1 consensus with PoW consensus does not allow it to be rightfully scalable. Hence, SINOVATE changed the consensus layer with a hybrid consensus mixing X25X PoW with the fourth-generation Proof-of-Stake: PoS4. PoS is a cryptographic proof in a peer-to-peer network where peers provide their stake instead of computational effort to create valid blocks. The stake is based on the number of coins held. Yet, fair participation for all is enforced through heavy maturity requirements on stake transactions.

To be eligible for staking, PoS4 integrates a novel feature called LockStake, where a transaction can not be spent for a considerable time. This safety guard ensures a lower attack surface of an already complex vector. In other words, it will require a user to stake coins for ten days, where a block will remain unspendable for one day (1,440 blocks). Furthermore, it will be necessary for the user to have a permanently connected wallet to the network to enjoy the staking rewards.

The Changes of the SINOVATE Blockchain

Furthermore, it allows developers to fully consider segregated witness (SegWit) technology by increasing the block size from 1MB to 32 MB and 64 MB with SegWit. This block size is significant for SINOVATE. It must guarantee that the users can transfer their data quickly and at a low cost. The transaction fees can also be easily adjusted with an e-governance vote to follow the SIN coin market and the dCloud infrastructure evolution.

PoS4 allows SINOVATE to reduce the block generation time from 2 minutes to 1 minute, reducing the time to wait for the first confirmation. Plus, a block full of non-SegWit transactions, standing at around 32 MB in size, would allow about 2,420 TPS with this new block generation time.

However, if this block was full of SegWit transactions, instead, we would be looking at double the number of tps, around 4,000 TPS.

The reduction of block generation time leads to changes in the reward distribution model. Indeed, keeping the same value would double the rewards per InfinityNode. In order to keep the same network state, the developers will reduce by half per block. In this way, the InfinityNode owner keeps the same ROI as before. It reduces by two the number of lost rewards by uptime issues. The new InfinityNode reward per block (every 1 minute) is:

BIG: 876 SIN coins,

MID: 419 SIN coins,

MINI: 280 SIN coins.

NEPHELE dCloud!

What is next?

The main blockchain is as scalable as the VISA system. It ensures SINOVATE as a suitable payment medium while being an ultra-secure and decentralized data storage by fusing InfinityNode LockReward, Proof-of-Work, and 4th-gen Proof-of-Stake. In addition, BETELGEUSE brings many improvements for guaranteeing a scalable, decentralized, and secure blockchain. PoS4 will consider implementing Casper and Slasher elements for a unique mechanism in further modifications.

SINOVATE will focus on numerous upgrades and innovations that will make its dCloud, the most efficient one. For example, explorer, websites, and mobile wallets will be enhanced to guarantee the best user experience. Furthermore, alongside improving the current technologies, SINOVATE will integrate the blockchain-based File Transfer Protocol (bFTP) fundamental for storing and transferring data in the InfinityNodes. Hence, it will bring the first piece of a long list for becoming a worldwide, decentralized Cloud infrastructure.

Betelgeuse Wallet link (MANDATORY)

Wallet upgrade guide

Mandatory upgrade!

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

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Author: Brieuc Berruet

SINOVATE Codebase Set to Update to Bitcoin Core 0.21.99

SINOVATE Codebase Set to Update to Bitcoin Core 0.21.99

The open-source blockchain dCloud storage solution, SINOVATE, is all set for a significant technological update by adding the Bitcoin Core 0.21.99 in its blockchain. This upgrade is an integral part of the SINOVATE roadmap’s Q2 2021 milestone by the codename BETELGEUSE, which will also see the hybridization of a custom fourth-generation Proof-of-Stake (PoS) with the X25X Proof-of-Work (PoW) consensus algorithm.

SINOVATE has already made quite a name in the industry because of its solutions for individuals, developers, and enterprises. For example, it had delivered the AURORA operating network last year with the cutting-edge technology of Infinity Nodes, created and built in-house by its development team.

With Bitcoin as a critical component of the updated security, efficiencies, and technological make associated with all blockchain projects, the SINOVATE codebase is in a position to take advantage of Bitcoin’s latest update. Bitcoin Core 0.21.99 is no less than a turning point for the Bitcoin Core wallet with the introduction of two significant features and the eventual breaking of compatibility.

Why is SINOVATE updating to Bitcoin Core 0.21.99?

SINOVATE’s state-of-the-art, community-driven decentralized storage solution leverages thousands of Infinity Nodes for their Incorruptible Data Storage (IDS) feature. This calls for the blockchain codebase to be scalable, secure, and reliable for file transfers and coin transactions. Blockchain-based Infinity Nodes are, in fact, the backbone for SINOVATE dCloud’s decentralized storage servers, lending users a cost-effective, stable, and fast cloud platform.

“Updating SINOVATE to the last Bitcoin Core provides us with the possibility to enjoy the previous technological breakthrough done by the Bitcoin community… In addition, SINOVATE developers can enjoy new features to improve the quality of services and users’ experiences,” SINOVATE’s latest press release discussing the upgrade mentioned.

Updating to the latest Bitcoin Core 0.21.99 will enable developers worldwide to adapt quickly to SINOVATE’s up-to-date infrastructure for Bitcoin-related services. Besides, the upgrade comes with several guarantees concerning compatibility, support, and testing, along with a transaction request overhaul that SINOVATE can leverage.

Bitcoin Core 0.21.99: What’s New?

Bitcoin Core 0.21.99 was officially released in January 2021, the 21st major release of Bitcoin’s original software client launched by Satoshi Nakamoto about 12 years ago. This latest release took six months and hundreds of contributors to develop and boast several new features, enhanced privacy, and augmented performance.

One of the primary changes introduced is descriptor wallets, which are especially useful for application developers designing software on top of Bitcoin core. These descriptor wallets allow users to categorize their UTXOs based on the types of conditions that are required to spend them. Therefore, a particular application can involve only a specific kind of UTXO in its design, for instance, multisig UTXOs, and ignore any non-multisig UTXO.

Bitcoin 0.21.99 update will also offer smoother wallet usage with a guaranteed higher degree of security for “light client” wallet users. The full nodes of the network will create “compact client-side block” filters and send them to the “light client” wallets, which will then process any data using these filters and pick only what is relevant for the client. Other new features include fewer broadcast attempts, TOR V3 support, and improved network synchronization. Bitcoin Core 0.21.99 is also set to take a big step towards the Schnorr/Taproot protocol upgrade.

However, Schnorr/Taproot is not available on Bitcoin’s mainnet yet, but Schnorr signature is in the SINOVATE Security layer. Therefore, the upgrade will have to be activated first, requiring an activation logic so far not included in the Bitcoin Core release. This activation logic could be included in a minor release in the course of a few months hence.

As always, Thank you for your tremendous support.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

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SINOVATE Team

The upcoming release introduces a total overhaul of the core desktop wallet

New Blockchain Core Wallet

SINOVATE (SIN) is a state-of-the-art innovative community-driven cryptocurrency project that brings novel and cutting-edge technological features without an ICO, pre-mine or funding. Since 2019, SINOVATE has been releasing different Mainnet upgrades with significant improvements in terms of technological features and the expansion of the ecosystem.

In December 2020, SINOVATE changed the core desktop wallet radically for AURORA Release with novel features such as HCO and setUP tools. Since then, many improvements have been integrated for the incoming release fusing BETELGEUSE with CONSTELLATION. Let us check the details that have been integrated until now.

Teaser: https://sinovate.io/teaser/

What are the changes and novel interfaces in Betelgeuse?

Notes: The Images come from an alpha version for the Betelgeuse Testnet phase, and the content may change in the final release. The displayed values are random and full screen.

SINOVATE has been developing its brand and the technological features of its blockchain for a better experience since the beginning. Hence, developers perform many changes in user interface designs and features to ease the users’ experience. Specifically, the BETELGEUSE Upgrade was the opportunity to settle the design as pushed by the branding code, remove old features, and integrate novel features such as Proof-of-Stake and Bitcoin Core 0.21 tools.

Loading Page

AURORA version uses a loading page that was dynamic but could lead to severe time drops in the wallet open. The image is now static in the novel version, and the developers added the current state of the wallet load. The goal was to reduce as much as possible the time spent on this page.

(NEW!) Multi-Theme Wallet

Until now, the wallet was developed in a unique theme but could be inconvenient for some users. For a fancy experience with the desktop wallet, developers decided to propose three custom themes:

  • DEFAULT: A black and blue theme related to the branding code of SINOVATE proposed in March 2021. This theme is very convenient at night or for people who want to stay in the original design concept of SINOVATE.
  • DARK BLUE: A darker blue version of the wallet, which is relatively convenient for people who appreciate smooth colors while efficient at night.
  • LIGHT BLUE: A light blue version that is very useful in a very enlightened space.

Users would choose the wallet at their convenience and enjoy the best experience of the desktop wallet. The theme is applied to the whole wallet, and SINOVATE proposes choosing your favorite one from the settings panel.

Landing Page

The landing page of the desktop wallet is commonly when the wallet presents the status of synchronization with the network and different bars around it. This window can be hidden in both versions and are very similar. However, the MENU bar remains inactive in the new version until the synchronization is complete or the window hidden.

(NEW!) Wallet Creation Page

The integration of Bitcoin core 0.21 leads to a change in the wallet load and display. In the new version, for the first time, you will create a new wallet according to different options as presented on the right side of the image. You can see many features, such as the descriptor wallet introduced in the last version of Bitcoin core. You will be able to give a specific name and encrypt it directly. The encryption can be a password or a passphrase like when you start the Mobile wallet. In the top bar, you will be able to load an old wallet.

Home Page

The homepage keeps the amount in SIN coins, and the relative price in USD and BTC retrieved from different platform APIs. The new version presents different boxes that redirect you to specific parts of the wallet or specific external services. The home page does not contain the last transactions in the wallet because the information can be seen in the “transactions” of the left menu bar.

Menu Bar

The Menu bars of both versions are pretty close in terms of the user interface. However, the “SEND “ and’’RECEIVE “ sections have been fused into one section called “My Wallet”. The icon changed, and the EARN has been replaced by “Staking” to welcome the Proof-of-Stake consensus integration. History is renamed as “Transactions”, where all the transactions will be traceable in this panel.

At the bottom of the Menu bar, the new version keeps the version code but adds the settings option, the debug console for performing specific command lines, and the setUP button to redirect to the 1-Click setup solution proposed by SINOVATE.

Bottom and Top Bar

In the new version, all the bottom bar links of the AURORA version have been split between the Home Page and the Menu Bar. Then, only the ongoing synchronization and the network status icon on the right have been kept in the new version.

The icons on the right have also been split between the Menu bar and the Home page. However, the “File” and “Settings” got many modifications, and’’Window “ and’’Help “ have been introduced there. “File” will contain the wallet management options with the signature of transactions, such as the partially signed Bitcoin transactions (PSBT). “Settings” will only have options for wallet encryption and display settings. “Window” gives you access to network management panels and options for sending and receiving addresses. Finally, “Help” is everything you need to use and explore the SINOVATE ecosystem.

(NEW) My Wallet page

In the philosophy of centralizing the deposit and withdrawal of SIN coins with Mobile, developers extended it to the desktop version. Hence, two buttons, “SEND” and “RECEIVE”, will open you an interface for withdrawing or depositing your SIN coins.

(NEW) Staking page

In AURORA, SINOVATE offers a specific investment plan by locking for a period a certain amount of SIN coins, Holding Coin Offering (HCO). It was the precursor of staking that is now introduced in the SINOVATE technology. You will find the amount of staked SIN coins, a button to activate the staking on the right, some information related to the staking such as the reward per block or the expected ROI, and finally, a table that lists the history of earned rewards.

Infinity Nodes page

This interface did not change from AURORA. Nevertheless, many bugs have been fixed, and displayed messages have been made more consistent.

Would the wallet have more features with the CONSTELLATION release?

The BETELGEUSE upgrade has been recently united with the CONSTELLATION one. This release will bring InfiniteChain to create an interconnected ecosystem of blockchains.

Hence, it will be possible to create your token or blockchain supported by the SINOVATE ecosystem! For example, here is what could be the interface for InfiniteChain (not full screen):

Teaser: https://sinovate.io/teaser/

SINOVATE is constantly developing to provide the best user experience. The desktop wallet is essential for expanding our ecosystem and going beyond. Keep in touch; more will come!

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

Website Discord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

Author: Brieuc Berruet

Betelgeuse unites with Constellation for a Unique Upgrade of SINOVATE Network

SINOVATE (SIN) is a state-of-the-art innovative cryptocurrency project which brings novel and cutting-edge technological features. In March 2021, SINOVATE announced plans to develop three different releases called BETELGEUSE, CONSTELLATION, and DOPPLER. Every release will bring significant improvements in terms of technological features and the expansion of the ecosystem.

Today, the BETELGEUSE release has successfully passed the testnet phase. Still, it requires additional development to fix some compatibility issues between our custom codebase and the Bitcoin core. In July, CONSTELLATION will bring the first technological development of InfiniteChain, the Layer-2 technology of SINOVATE, with sidechains. The recent resolution by the SINOVATE decentralized autonomous organization (DAO) is to combine BETELGEUSE with CONSTELLATION to reduce upgrade workloads and avoid repetitive updates for users and exchanges.

What is the BETELGEUSE upgrade?

BETELGEUSE release introduced different technological improvements such as:

  • Bitcoin Core 0.21: The SINOVATE codebase is built upon the Bitcoin Core technology because of its reliability and security. It is a tech-wise-oriented upgrade to improve the development ecosystem and the blockchain infrastructure. Regular users will notice a performance improvement during the network synchronization and smoother wallet usage. For instance, this update will guarantee a higher level of security for “light client” wallets, such as optimizing the “Bloom filters” mechanism that is originally privacy-unfriendly. This upgrade also includes descriptor wallets, TOR v3, new RPCs, and other changes. You can find more information here:

https://bitcoinmagazine.com/technical/bitcoin-core-0-21-0-released-whats-new

https://bitcoin.org/en/release/v0.21.0

  • Proof-of-Stake (PoS4): Nowadays, SINOVATE guarantees Nakamoto’s block validation consensus with a Proof-of-Work (PoW) mining. The network is reinforced with different components such as LWMA, ReOrg Fork 51, and a unique feature, LockReward, to secure the Proof-of-Service (PoSe) layer. Scalability, decentralization, and security are crucial for blockchains and worldwide blockchain-based cloud infrastructures. Even though the X25X used in SINOVATE PoW mining is one of the lowest energy-consuming algorithms, PoS is the king for a greener block validation while bringing an extra layer of security and higher decentralization. Hence, SINOVATE developers introduced a new iteration of the already solid kernel-based PoS protocol pioneered by Peercoin. Compared to PoW mining based on the hardware powers, PoS is the more funds you hold up as a stake, the more rewards from produced blocks you are eligible to receive.

Of course, this release considers other features and improvements. The wallets for Desktop have been designed with three different themes and the “Staking” option! The 1-Click setUP has been improved to propose an increased experience for our users. The Mobile Wallet integrates the 1-Click setUP, enabling users to set up an Infinity Node directly from the Mobile. The SINOVATE DAO developers make all their efforts to improve the synchronization and reduce the latency with the network and applications.

The following list resumes the different implementations performed by the developers during the BETELGEUSE Development phase:

What is the CONSTELLATION Mainnet upgrade?

SINOVATE aims to develop a scalable and multi-project ecosystem of its decentralized Cloud (dCloud). The dCloud requires different features such as a high level of security in its protocol and sustainable infrastructure. This comes with the development of Infinity Nodes in the Proof-of-Service (PoSe) layer, the hybrid PoW/PoS Nakamoto consensus, and in the future with the blockchain-based file transfer protocol (bFTP).

While waiting for the development of bFTP, introducing a Layer-2 called InfiniteChain supported by the BIG Infinity Node Layer (BIL) will ensure SINOVATE is scalable for many projects that want to join the ecosystem. Globally, Layer-2 comprises many protocols to reduce the primary chain’s load by creating “off-chain”. An “off-chain” can then interact with the main chain while executing several operations and providing services.

The InfiniteChain will bring this capacity with the sidechain technology that interconnects the mainchain (SINOVATE chain) with the project’s blockchain with its consensus, protocols, and token. It requires a “two-way peg” contract between both chains to maintain a reliable connection.

For SINOVATE, InfiniteChain brings an infinitely extensive ecosystem for data storage. It will also be possible to introduce the first partnership with Alterra, a real estate company. They will issue a blockchain in the InfiniteChain Layer to maintain and monitor their estates’ contracts, shares, and inheritance.

When will the next update occur, and why a unique release?

The Giant Release, which gathers BETELGEUSE and CONSTELLATION, is initially scheduled for the 31st of July 2021, the date of the CONSTELLATION release. Combining both releases will allow making only one hard fork that offers a more sustainable and trackable development. Furthermore, two releases would lead to difficulties with exchanges and third-party to maintain an updated wallet in such a short time. In this way, SINOVATE removes the pressure on third-party services and avoids the risk of expenditure for everyone or the delay of wallet update for customers who would not be able to transfer their coins.

BETELGEUSE Mainnet Upgrade Public Testnet is Live!

SINOVATE (SIN) is delighted to announce the Public Testnet for the BETELGEUSE Mainnet Upgrade, which marks the final stage before it goes live.

Testing will last for one week from May 25, 2021, UTC 00:00 AM to June 1, 2021, UTC 00:00 AM, permitting hybrid consensus and proof-of-stake functionality with the latest, most cutting edge Bitcoin core 0.21 codebase experience for the first time. Get ready for the best looks and features.

The official BETELGEUSE Mainnet release date will be announced during testnet.

Wallet

The Public Testnet Wallet 0.21.0rc2 is available to download here.

Further details of the testnet are available on the SINOVATE discord server testnet-testing channel.

Testnet Wallet v0.21.0rc2

Guides

In order to set up a testnet DIN Node using putty or any other SSH (Secure Shell) client program, this guide needs to be followed.

Click here for instructions to set up a testnet wallet.

Testnet Coins

Testnet coins can be obtained from the SINOVATE Faucet for free here.

Faucet

Please note that testnet coins will hold no value. Please do not send testnet coins to mainnet addresses and vice versa. Doing this will result in the permanent loss of your funds.

As always, the SINOVATE team remains on standby to address any queries via our discord and telegram channels. Thank you for the fantastic support.

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SINOVATE

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