Project Progress | YOYOW Progress Weekly (2020/07/01–2020/08/30)

This article was first published on Stories by yoyow on Medium
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Thank you for your long-term attention and support for the YOYOW project. This article contains the development progress of YOYOW in the past eight weeks. Welcome to read.

Project Progress

OKChain and YOYOW Foundation Reached an Ecological Partnership

The YOYOW Foundation and OKEx’s native public blockchain OKChain have reached an ecological partnership. Through this cooperation, the two parties will be committed to building an interconnected inter-blockchain ecosystem, bringing USDK, OpenDEX, OKT, OKB and other Defi services provided by OKChain to the YOYOW blockchain via inter-blockchain technology. At the same time, the smart tokens of the YOYOW blockchain can also be applied to the OKChain ecosystem through inter-blockchain technology to jointly strengthen and improve the ecology of the OKChain and YOYOW blockchain.

The First YOYOW Developer Competition Entered the Stage of Work Development

The first YOYOW Developer Competition has entered the work development stage. As of July 15, 2020, the YOYOW Foundation has received dozens of applications for entry.

The development phase of the work starts from July 15, 2020 to November 15, 2020. The participating teams must send their entries to the email address: DevRelations@YOYOW.org before November 15. Around mid-December, the YOYOW Foundation will select the award-winning works based on the comprehensive consideration of the user experience, usability and reliability of the submitted works.

YOYOW 2.1 New Feature Introduction: Delegated Staking

Delegated Staking is a brand new feature provided by the YOYOW Mainnet 2.1. YOYOW uses a mixed consensus algorithm of “POS+DPOS”, allowing users to easily participate in YOYOW’s network governance as a Staker. Users can lock the tokens they hold to the YOYOW network, and authorize trusted nodes to use the block processing weights contained in their tokens to obtain block processing rewards corresponding to the weights. For the specific steps on how to participate in delegated staking, ...

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