SINOVATE Weekly Update 01/03/2021 ~ 08/03/2021

SINOVATE (IN) provides a summary of news, progress, and project development every week. This article serves as the latest version of an on-going series, keeping our community informed on all things SIN. Stay tuned to our social media and communication channels for updates as and when they happen.

ANNOUNCEMENTS & PARTNERSHIPS

SINOVATE successfully implements Hard Fork

The MINI Infinity Node Tier Hard Fork was successful. A Mandatory Wallet Upgrade was released, where PC and infinity node wallets had to be updated prior to block height 617,000 in order to continue receiving rewards, following the recent MINI Node reward generation issue.

The SINOVATE team was made aware of a reward generation issue specific to the MINI Infinity Node Tier at block height 583,500 to 617,000, where nodes created after the 1000th were not receiving rewards consistently. 71 Mini Nodes were affected in all. The impacted network participants were users that created a MINI Node between 09.01.2021 and 24.02.21.

Node limits have now been removed, presenting current and would-be network participants with enhanced opportunities to benefit from the SINOVATE network as it continues to grow in strength, security, and value. All impacted nodes will be fully reimbursed by 09.03.2021, with no long-term losses incurred. For further details on the Mini Infinity Node Tier hard fork, including how the associated issues were resolved and what modifications have been implemented to the Deterministic Infinity Node (DIN) codebase to ensure superior performance throughout the 12-month node life cycle, click here.

— @SinovateChain

SINOVATE releases 2021 roadmap video

SINOVATE recently released its 2021 roadmap. This year promises to be a very exciting one, with a multitude of upgrades, enhancements, and brand-new features on the horizon. These include the in-house built PoS4 hybrid algorithm, the SINOVATE InfiniteChain SideChain, our upcoming Alterra partnership, the highly anticipated decentralized cloud storage solution Incorruptible Data Storage (IDS), and much more. Check out this video, which breaks down everything we have in store for 2021.