XXX Weekly Review Blog — Nov 6, 2024
Greetings, XXX Community!
It has been another week full of challenges and volatility, With BTC leading the charge, the market remains swayed by the approaching elections, struggling to break out of an uncertain trend, its price oscillating like the sentiments of undecided voters ;)
The crypto world continues to churn out new narratives, often centered around political and global phenomena. Last week’s unexpected “black swan” event caught everyone off guard: a mere squirrel, with an uncanny ripple effect, captured the pulse of the world’s largest political entity.
Yet, regardless of the election outcome or market fluctuations, nothing deters XXX Labs’ steady progress. From infrastructure and ecosystem building to narrative development, and more collaborations — we have a multitude of goals to pursue. And, as with everything, it all unfolds step by step, doesn’t it?
Just like the news that follows, we hope each update brings a fresh wave of excitement to the XXX Chain community.
XXX Chain White Paper Update
After over a month of meticulous refinement, we have finalized the XXX Chain white paper. The official release of V2.1 is set for next week, accompanied by in-depth articles spotlighting its enhancements. Compared to V1, V2 brings a wealth of advancements, including:
Enhanced APoS consensus mechanism
Improved performance and fortified security
Elevated developer experience
Cross-chain interoperability
DAO-driven governance frameworks
Additionally, V2 outlines plans for AI-integrated on-chain risk management, governance tools, and scalable solutions through sharding and parallel EVM capabilities.
AiPay Enhancements and Cross-Chain Compatibility
Listening to our community’s feedback, we’ve diligently addressed minor issues in the previous AiPay version:
Display errors? Eliminated.
Slow market data loading? Fixed (clearing your cache periodically helps).
UX/UI inconsistencies? Resolved.
Transaction failures? No more.
Web2 connectivity issues? Seamlessly integrated now.
Moreover, we’ve achieved seamless cross-chain compatibility between XXX Chain and other EVM chains on the testnet, with a full rollout expected soon. At this week’s development meeting, our team delved into V2’s on-chain governance, discussed potential expansions to the 600-node network with backup nodes, and explored optimizations using EC-Schnorr multi-signatures for efficient communication.
These improvements, though incremental, promise substantial long-term benefits.
Preview for next week
As we gear up for another dynamic week, here’s a sneak peek of what’s in store for the XXX Community:
WikiBit Event An interactive session with WikiBit, diving into crucial insights for our community.
Twitter Space on U.S. Elections and Crypto Market Dynamics Join us on November 8 at 20:00 UTC+8 for an in-depth Twitter Space themed “2024 U.S. Elections: Opportunities and Risks for the Crypto Market.” This discussion will explore how the U.S. election outcomes might influence the trajectory of digital assets and market sentiment.
SecondLive Event Participate in our SecondLive virtual gathering, designed to engage our community with immersive interactions in a metaverse setting.
Special Mystery Campaign We are preparing a major mystery campaign with substantial rewards for our community! Details are under wraps for now, but we’ll reveal more soon. Keep an eye out for this game-changing event — you won’t want to miss it!
These activities are designed to engage, educate, and empower our community. Stay tuned for the official announcements and join us in making an impact!
Community Building Initiatives
We have refreshed our official channels on Telegram, Twitter (our original account remains active), and Discord. Links are provided at the end of this report, and we encourage community members to join or migrate accordingly.
Looking ahead, our upcoming Web3 growth initiatives — such as Twitter Spaces — will amplify community engagement. Starting in early November, we will draw in new users through targeted campaigns, educational content, and interactive programs designed to build trust and foster belonging.
Don’t miss our “Unlock the Future of Web3” event series, offering rewards of up to $5,000. We remain committed to innovation and keeping pace with the ever-evolving digital landscape. Soon, we will release comprehensive articles mapping out our significant plans for community and ecosystem growth.
Share your insights and join the conversation:XXX
Last updated