Weekly Development Update Jan 10-Jan 14

The following is a weekly progress report from the HyperCash development team.

We have intiated HyperCash Development Plan V2.0 this month and are aiming to achieve HIGHER TPS than any other products in the market while ensuring the safety of the mainnet.

Key points of development and design:

1. Consensus mechanism

2. Block compression

3. P2P accelerate

4. Highly efficient storage engine

5. Smart Contract parser engine

6. Layer 2 Rollup multi chain system

V2.0 Current Progress:

1. Plan of design and discussion in progress
2. The consensus mechanism design is based on DAG model, this has already been in progress
3. Commenced the development of block compression technology
4. Development on engine with EVM Compatibility
5. Commenced HC 1.0 and HC 2.0 crosschain design
6. Researching the viability of alternative blockchain transaction model