Weekly Development Update 22 May to 29 May
Kick off Hcash V2.0 Development planning Goals: construct higher dynamic TPS than other main network while still preserving security 1. Consensus mechanism design 2. Block compression algorithm 3. P2P acceleration 4. High efficiency storage engine 5. Smart contract engine 6. Layer2 Roll-up multi-chain system HCash V2.0 progress： 1. Consensus mechanism V1.3 has been developed and can improve consensus performance. 2. P2P acceleration development has been 60% completed. 3. EVM-compatible smart contract v2.0 development has been completed. 4. Layer2 multi-chain system design has been completed and has been sent to test. 5. Design of NFT safe storage system, with 30% completed.