Weekly Report|The Parliamentary System will be Adjusted in February

ChainX
2 min readJan 28, 2020

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1. Ecosystem

  • The amount of L-BTC lock-up: 17,274
  • The amount of S-DOT mapping: 1,429,937
  • The amount of PCX issued: 3,321,450
  • The rates of PCX locked up for voting:86.9%

2. Community Governance

  • On January 23, the Luckyve node proposed:Considering that the effect of L-BTC lock-up mining on the substantive function of the chain is far less than that of X-BTC, as well as ensuring the rights and interests of PCX mining users, and enhancing the confidence of PCX holders, the following proposals are launched:
    1: Reduce the mining power of L-BTC to a quarter of X-BTC, that is, L-BTC: X-BTC = 1:4.
    2: First adjust the mining power of PCX to ⅘ of the total mining power of the whole chain and the total mining power of other assets to ⅕ ; after one other chains are implemented, adjust the mining power of PCX to ⅔ of the total mining power of the whole chain and the total mining power of other assets to ⅓.
  • On January 23, the luckyve node proposed: Remove 20% of the parliamentary fund for trustees by replacing it with a deposit and withdrawal tax. The use of the bridge to enter and exit must cost.

3. Development progress

  • Chainx extension and signer enter the final test stage
  • New version of ChainXwallet adds a reminder of browser support
  • New version of ChainX wallet optimizes contract deployment process
  • New version of ChainX wallet adds the LOADING tips after pulling-up a plug-in.

4. Community atmosphere

Community data

  • Telegram: 1586
  • Twitter: 1538
  • WeChat official account: 1963
  • ChainX account: 4276

About ChainX

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ChainX
ChainX

Written by ChainX

ChainX is a BTC Layer 2 solution compatible with EVM that utilizes Bitcoin as a gas fee, serving as the predecessor network of BEVM.

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