HLC(HalalChain) Blockchain Project Status Report — Week 53

  • BY:HALALCHAIN
  • May 16, 2019
HLC(HalalChain) Blockchain Project Status Report — Week 53

Completed transaction testing on DAG full node of test-net; Designed the UI of thee wallet official website

Work Completed:

Cross Chain Development:

1. Developed HLC chain P2SH script

2. Designed cross-chain client interaction prototypes

DAG Development:

1. Online confirmation time hip submission

2. DAG Test Plan

3. GitHub training

Economic Model Design:

1. Research the block reward schedule and transaction fees design for a PoW system

2. Research taxation system and how to use it on blockchain network

3. Research mining and pre-minding design for a PoW system

4. Research the token staking design of cryptocurrency

5. Research the Industry Autonomous Organization(IAO) about OnChain Governance

Wallet Development:

1. Refactored the Seed program for p2p net

2. Released iOS client of wallet

3. Added the function of scanning qr code to the wallet client

4. Completed transaction testing on DAG full node of test-net

5. Refactored the logic of the wallet server

6. Designed the UI of thee wallet official website

7. Researched the USDT transaction logic

Work In Progress

Cross Chain Development:

1. Completing the p2sh address generation script

2. Completing the OP script compilation function

3. Researching BIP-65 nLockTime Implementation method

4. Completing nx user user guide and commit to Github

DAG Development

1. Proof of concept of online confirmation time

2. Continue DAG test plan 

Economic Model Design

1. Write HIP: block reward schedule and transaction fees design of DAG-PoW system

2. Write HIP: taxation design on blockchain network

3. Write HIP: mining and pre-minding design of DAG-PoW system

4. Write HIP: token staking design of cryptocurrency

5. Write HIP: IAO design about OnChain Governance

Wallet Development:

1. Refactoring the Seed program for p2p net.

2. Completing transaction testing on DAG full node of testnet

3. Refactoring process logic of the wallet server

4. Starting to code the official website of wallet

5. Deploying a full node for the USDT

About HalalChain(HLC):

HalalChain is the first public blockchain company that focuses on serving Muslim countries and regions. By implementing blockchain technology into the Halal supply chain and Islamic financial industry they will help to increase transparency and traceability in Islamic financial products and services, traceability of halal and healthy products, Zakat donations, heritage and property registration, cultural communication etc.

HalalChain is built on the newly distributed ledger Directed Acyclic Graph (DAG). This underlying technology guarantees security and decentralization while achieving “High Throughput”. Advanced DAG technology with unique use cases enables HalalChain to build across the multi-layer payment system within the Islamic economy ecosystem.

For more details, please join our global community.

HalalChain Global Community:

https://t.me/HalalChainGroup

HalalChain Nigeria Community:

https://t.me/HLCNigeria

HalalChain Indonesia Community:

https://t.me/HLCIndonisea

HalalChain MENA Community:

https://t.me/HLCMENA

HalalChain Uganda Community:

https://t.me/HLCUganda

HalalChain Korea Community:

https://open.kakao.com/o/gznfF1ab

HalalChain India Community:

https://t.me/HLCIndia

HalalChain Zimbabwe Community:

https://t.me/HLCZimbabwe

HalalChain South Africa Official:

https://t.me/HLCSouthAfrica

HalalChain Pakistan Community:

 https://t.me/HLCPakistanHalalChain Sub-Sahara Africa Community:

 https://t.me/HLCSubSaharaAfrica