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CVNT

Content Value Network  

#CVNT

CVNT Price:
$0.40
Volume:
$47.1 K
All Time High:
$4.87
Market Cap:
$2.0 M


Circulating Supply:
5,000,000
Exchanges:
1+
Total Supply:
1,000,000,000
Markets:
1+
Max Supply:
Pairs:
2



  CVNT PRICE


The price of #CVNT today is $0.40 USD.

The lowest CVNT price for this period was $0, the highest was $0.404, and the current live price for one CVNT coin is $0.40365.

The all-time high CVNT coin price was $4.87.

Use our custom price calculator to see the hypothetical price of CVNT with market cap of ETH or other crypto coins.


  CVNT OVERVIEW


The code for Content Value Network crypto currency is #CVNT.

Content Value Network is 3.7 years old.


  CVNT MARKET CAP


The current market capitalization for Content Value Network is $2,018,244.

Content Value Network is ranking upwards to #1283 out of all coins, by market cap (and other factors).


  CVNT VOLUME


The trading volume is modest during the past 24 hours for #CVNT.

Today's 24-hour trading volume across all exchanges for Content Value Network is $47,133.


  CVNT SUPPLY


The circulating supply of CVNT is 5,000,000 coins, which is 1% of the total coin supply.

Note the limited supply of Content Value Network coins which adds to rarity of this cryptocurrency and increases perceived market value.


  CVNT EXCHANGES


CVNT has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.

View #CVNT trading pairs and crypto exchanges that currently support #CVNT purchase.


  CVNT RESOURCES


Websitecvn.io
Whitepapercvn.pub/cvn_ch_20181207.pdf
TelegramCVN_NETWORK
Mediumcvnblockchain


  CVNT DEVELOPER NEWS



AMA Recap: CVNT Mainnet Starts The Next Era

1. To begin with, we ask today’s guest to briefly introduce himself and the CVNT public chain, and the current stage of the project?. — Hello, everyone, I am Neo Wang, the head of CVN Foundation. CVN Foundation is a public chain development team after 4 years. Those who know us probably know that we upgraded from CWV1.0 public chain and merged with the original CVNT of YYeTs, and then changed our full name to CVN conscious value network. CVN (Conscious Value Network), as the underlying facility of the blockchain Web 3.0 world, completed the upgrade of consensus, governance and storage solution at the end of 2020, adopting the original VRF consensus master chain, overlaying PoSt consensus, and supporting both traditional HTTP interface and IPFS file transfer protocol. Relying on an efficient, secure, low GAS fee, relatively more decentralized and more credible main chain, it can provide a stable mainnet, technical support and developer tools for DAPPs and more decentralized application developers on the ecological scene application platform. Thus, every user/developer can equally enjoy the value of the feed, and its excellent high-speed road network can also smoothly carry all kinds of rich functions (applications) running. This largely improves transmission quality and provide a complete PoST time-proven decentralized storage solution that enables large user volumes of high-frequency-used decentralized DAPPs, and enables real-time decentralized storage of any personal public and private data such as users’ assets, numbers, transaction hashes, etc. The end is to achieve a revolutionary disruption to Web 2.0. After 4 years of hard work in development and operation, the public chain debate made us feel the strong short-term competitive pressure and development path problems. We clearly realized the difficulty of user migration and information data silo problems that may be faced by developing a public chain alone. So from 2020, we started to study the decentralization advantage of using VRF high-speed independent public chain, but at the same time, we could leverage the existing network ecology and trust of Ethernet. We adopted Rollup;s technical solution to build the CVN public chain into an off-chain network of the Ethernet layer2, so that the transactions within the layer2 network itself are more credible, and at the same time the transactions and data are synchronized to the Ethernet nodes to complete the verification of transaction data, so that everyone can have more trust in the transactions and assets. CVN Conscious Value Network is a new paradigm of Web3.0, combining the independent high-speed decentralized network of VRF public chain and the security and trustworthiness of the public chain network under the Layer2 chain of Ethernet, while carrying a new positioning of decentralized storage + BaaS operating system + ecological scenario application platform; Ay the same time, the independent nodes of the Layer2 network are expanded to a maximum of 2100, maximizing degree of decentralized consensus and governance. In response to the problem that the POC consensus-based Filecoin storage network can only carry inefficient transaction demands, the PoST time-proven decentralized storage solution overlaid on the high-speed Layer2 network with CVNT VRF consensus algorithm is more adaptable to the upcoming Web3.0 era’s demand scenario of decentralized storage for large user volume applications. The CVNT mainnet has been developed and already launched HUOBI GLOBAL trading mainnet coins. Recently, we have just completed the upgrade of the economic model and will soon start the mainnet super node and verification node mining. Furthermore, we will soon start the process of CVNT storage space P disk mining. — 2. What consensus mechanism is used in the CVNT public chain? What are the reasons for the choice of consensus mechanism?. — Much of the focus of the public chain debate has centered on the consensus mechanism. Bitcoin’s proof-of-work mechanism achieves complete fairness, but at the great expense of efficiency. Other later consensus mechanisms have significantly improved efficiency while sacrificing fairness to varying degrees. No matter which consensus mechanism we come up with separately, there are always reasons to challenge and question it. The choices each public chain makes now are all about reaching what they consider to be the ideal balance. Whoever can follow the course of development and get closer to this balance point will have a better chance of winning in this battle of the public chains. Currently, CVNT adopts a truly decentralized and original consensus mechanism — VRF consensus main chain + DAO governance, scaling nodes to a maximum of 2100; overlaying PoSt consensus, supporting both traditional HTTP interface and IPFS file transfer protocol — -Layered to achieve ledger consensus and proof-of-storage consensus, building out a fast and stable blockchain underlay. — 3. What are the advantages of the newly upgraded CVNT mainnet compared to other public chains in the industry today?. — This is a very good question, our advantages are 6 points 1. VRF consensus algorithm + DAO governance + decentralized storage + scenario application platform. We believe that an efficient public chain should be supported by a strong ecosystem and DAPP user base. Therefore, with a new positioning, CVN Conscious Value Network aims to solve the problems of low decentralization of existing blockchain Web3.0, weak decentralized storage cloud services, lack of landing scenarios, high development difficulty and over-reliance on fees. The CVN Conscious Value Network provides account/authentication, storage clouds, asynchronous communication and program scheduling on tens of thousands of CPUs or clusters. The technology in its final form manifests itself as a general-purpose grade blockchain storage cloud + BaaS platform + DID upper application Dapp platform that can support millions of transactions per second, smoothly carrying all kinds of rich functions (applications) on the run, landing commercial grade decentralized applications at true scale while also supporting the migration of current connected projects and the digitization of traditional physical enterprise assets, including the integration of BaaS technologies needed to integrate into their own business, ultimately driving the revolutionary evolution of Blockchain Web 3.0. 2. Decentralized storage cloud CVN’s decentralized cloud prioritizes the sovereignty of the individual for the benefit of the people, rather than the world’s wealthy elite and rent-seekers. Anyone can mine their own storage space and rent it out. CVN’s decentralized cloud can be thought of as Amazon Web Services or Google Cloud, decentralized data/storage services capable of supporting enterprise and complex DAPPs, but it is not a company that controls the flow of data, rather anyone can participate in the process. This is exactly the inevitable evolution of Web 3.0 delivery of web services. Blockchain technology should, in general, be seen as a distributed database system. This means that a large part of the world’s data could potentially be stored in such a system, just like traditional relational databases and the recently emerging cloud databases. The CVN Conscious Value Network explores this aspect of blockchain technology, proving that blockchain has the potential to be a very competitive option for a decentralized storage cloud (distributed database) in the future. The CVN Conscious Value Network Decentralized Storage Cloud is an infrastructure for commercial-grade blockchain, with a perfect response to application scenarios such as high concurrency, relational, key-value pairs, large capacity, efficient indexing, and data security. With this object-oriented level blockchain database feature, it can support more complex blockchain applications, such as finance, games, social, deposition and other application scenarios with high requirements for storage cloud (database). 3、BaaS Platform In order to support the faster arrival of the blockchain Web 3.0 era advocated by CVN Conscious Value Network, CVN Conscious Value Network is conceived from the bottom with ease of use and developer-friendliness as the core idea, allowing enterprise developers to focus on blockchain operation business through modular development functions and cloud platform tools, instead of delving into the difficult issues of coding. 4、Smart Contracts The newly upgraded CVN Conscious Value Network’s next generation of smart contracts, featuring the following advantages: - Contract engine optimization to support new versions of Solidity contracts. - Support for the implementation of CRC20, CRC721 contract applications on the mainnet. - Support for new versions such as require. - Support for CRC721 structure optimization to support large-scale applications at the billion level. - Better utilize the main chain and layer 2 network to provide a basic smart contract platform for other upper layer applications. 5. Decentralized finance The financial infrastructure that the financial giants have built over time features their high entry barrier. Financial giants use traditional financial facilities to manage the way users save and invest and use this to charge users high transaction fees. As digital asset trading becomes increasingly popular, the financial industry in the traditional world is born to mirror and grow rapidly in the blockchain world, and there is an increasingly urgent need for a stable, efficient and trusted decentralized financial project. As a public chain under the blockchain Web 3.0 Ethereum chain, we believe that the most prioritized landing and expansion scenario for CVN Conscious Value Network should be the financial sector with high requirements. This includes but is not limited to: - Solving the problem of cross-border payments, which can be done with the public chain’s native token CVNT or on-chain tokens, like Bitcoin. - Issuing digitized stablecoins, which would make transfers and transactions in legal digital currencies faster and smoother. - Defi and its derivatives applications. - Enabling comprehensive liquidity management services for users globally, including spot trading, contract trading, data analysis, cryptocurrency financing, crypto asset management, etc. - Facilitating Primebrokers in the cryptocurrency market, more specifically, MarketMaker in the traditional financial industry to build efficient distributed applications. 6. CVN Storage Mining One of the major features of the upgraded CVN Conscious Value Network is decentralized storage, which turns cloud storage into a marketplace for arithmetic power, or storage mining. This marketplace runs blockchain tokens called CVNT, where - Users/customers pay tokens for data storage and retrieval - Storage miners earn tokens by providing storage space - Retrieval miners earn tokens for providing data services - Verification miners earn tokens for bookkeeping As Bitcoin, CVN miners mine blocks competitively for huge rewards. But CVN’s mining efficiency is proportional to storage activity, which provides a useful service directly to customers, unlike Bitcoin’s mining which is solely for the purpose of maintaining consensus on its own blockchain network. — 3. What technical insights can CVNT share with us about Layer 2 network design as a representative solution for the Ether layer2 scaling track?. — Layer2 is a set of solutions specifically designed to scale applications by processing transactions outside of Layer1 on the main Ethernet network. When the network is busy, the speed of transactions on the network suffers, resulting in a poor user experience for many Dapps, and the rising price of Gas makes Ether very expensive for its users, e.g., a single on-chain transaction can cost tens of dollars, or even hundreds of dollars for complex operations such as invoking smart contracts. In contrast, Ethernet Layer2 runs on top of Ethernet Layer1. Operating on Layer2 frees up Layer1 and strips transactions from the main chain. Since transactions are processed off-chain on Layer2, it increases transaction speed, speeds up confirmation times and reduces gas. CVN acts as an off-chain public chain for layer2, placing both computation and data storage on the home chain as a layer 2 network and synchronizing transaction settlements to the main Ethernet network, creating a symbiotic relationship. — 4. “Mining” has always been one of the most sought-after topics in the industry. CVNT mainnet mining is coming soon, can you introduce the basic mining mechanism of CVNT here?. — One of the major features of the upgraded CVN is decentralized storage, which turns cloud storage into a marketplace for computing power, or storage mining. This marketplace runs on a blockchain called CVNT. Where: users/customers pay tokens for data storage and retrieval. Storage miners earn tokens by providing storage space. Retrieval miners earn tokens for providing data services. Verification miners earn tokens for bookkeeping Like Bitcoin, CVN miners mine blocks competitively for huge rewards, but CVN’s mining efficiency is proportional to storage activity, which provides a useful service directly to customers, unlike Bitcoin’s mining which is solely for the purpose of maintaining consensus on the blockchain. There are three forms and roles of mining in CVNT. 1) VRF Super Node Lossless Pledge Mining VRF Super Nodes are mainly responsible for the bookkeeping of the CVNT network. They need to rent a certain threshold of server equipment according to the system requirements and pledge USDT for mining (each super node needs to pledge 150,000 USDT). The total number of super nodes has been determined to be 201 and 21 have already been launched, with additional nodes to be added at a later date depending on the application status. Users can enjoy the benefits of super node mining once the system is deployed after completing the equipment lease and pledge: the initial daily output will be 12,000 coins, and the daily output will increase simultaneously according to the number of super nodes. The daily output will increase by 12,000 pieces for each additional 21 nodes in a gradient of 21 nodes. Tips: When the number of super nodes increases to 105, the daily output will not be increased when it reaches the maximum of 60,000 pieces, and the same applies to the reduction of output. Super nodes can apply for withdrawal and retrieve the pledged principal after six months of effectiveness. 2)Ethernet Layer2 verifier node mining The verifier node contains two roles: verifier + reporter; the role is randomly assigned and is mainly responsible for synchronizing transactions to the Ethernet network. It is required to rent a certain threshold of server equipment and pledge CVNT for mining according to the system requirements (each verifier node needs to pledge 10,000 CVNT). Users can enjoy the benefits of verifier mining after completing the equipment rental and pledging when the system deployment is completed: the initial daily output is 0.6 million coins, and the daily output will increase simultaneously according to the number of verifier nodes. The daily output will increase by 0.6 million coins for each additional 105 nodes in a gradient. Tips: When the number of validator nodes increases to 1050, the daily output will not be increased when it reaches the maximum of 60,000 pieces, and the same applies to the reduction in output. After six months of validation, you can apply for withdrawal and retrieve the pledge, and you will no longer have any income within the 7-day release period, and the pledged CVNT will be returned in full. 3)PoSt Time Proof Storage Space Mining Users need to provide storage space to the system with storage devices and pledge it to obtain storage arithmetic power for mining. The process includes purchasing the hardware device for packaging (this part can be entrusted to a third party), deploying the device and pledging Tokens (1TB of storage space requires 100 Tokens to be pledged). Once the user has completed the hardware package, deployed the equipment and pledged the Tokens, the system can be deployed to start storage mining: the initial output is 84,000 pieces per day, with a 25% reduction in output every six months. Tips: If the storage mining device is offline for more than 72 hours, the pledged tokens will be temporarily locked and returned after expiry minus 30% of the tokens. The sector is valid for 360 days. If you choose to release it midway, 30% of the pledged Token will be deducted. If you choose to release at expiry, all pledged Tokens will be returned.5. One of the biggest advantages of “mining coins” is the relatively fair issuance mechanism, with the majority of tokens being allocated through arithmetic contributions. What is CVNT’s token allocation model? A: CVNT has a total issuance of 200 million tokens, of which 195 million are currently locked, with a market circulation of 5 million. In terms of token allocation: 25% (0.5 billion) for super node mining; 25% (0.5 billion) for verifier node mining; 35% (0.7 billion) for storage mining; 15% (0.3 billion) reserved by the foundation to support community ecological construction, including but not limited to crypto properties, games, NFT, etc., CVN mining pool options, and CVN3.0 upgraded token mapping. — 6. One last question, what else does the CVNT team have planned for the second half of 2021? What is the vision for CVNT going forward?. — In the second half of the year, we will kick off our storage mining and our app ecosystem, and we welcome more developers to join us and help us complete a better ecosystem. Initially, the Internet needed pioneers and businesses to develop the tools to make the Internet an accessible infrastructure for people, and those pioneers were duly rewarded. As long as the existing design of the internet continues to be centralized, users will continue to give data, time and money to the big tech companies in exchange for the promise of free access to convenient products. But in the coming web 3.0 era, all of us users will own the results of our labor and the privatization of our personal behavioral data. This will completely disrupt existing centralized applications and the era of web 3.0 slowly taking shape. As we approach a world that is increasingly controlled by technology, it is important that we redesign the system and adapt the incentives to benefit the masses. The shift from existing web 2.0 to blockchain web 3.0 is a long-term process that will fundamentally change the way we interact with the internet. The decisions and work done by CVNT today will add up and influence subsequent generations. Just like the financial revolution led by DeFi, the revolution brought about by Blockchain Web 3.0 is inevitable.




CVNT public chain: Web 3.0 + Decentralized Storage + Rich Application Scenarios

Where there are needs, there are markets and capital. In physics, singularity refers to a point of both existence and nonexistence, where space and time have infinite curvature and end. Classical general relativity theory predicts that singularity is definitive but as theories are not applicable anymore at that point, it cannot be described what exactly will happen. The singularity theory was proposed by the American futurist Raymond Kurzweil in his book, The Singularity Is Near. Before we dive into this singularity theory, we have to understand AI. The industry classifies AI into three types according to its level of sophistication: weak AI, strong AI, and super AI. AlphaGo Zero is a weak AI. Although it is very powerful in the eyes of the public, it can show its intelligence only in limited areas and with certain established rules. If you ask him to draw or write articles, then you will find it is nothing more than a piece of junk. In the Singularity book, Raymond Kurzweil records and traces the trajectory of human history, arguing that the progress of technology and the evolution of civilization show the a similar pattern as exponential laws. In the last 1 million or even billion years ago, nothing happened. But for the past 250,000 years, many epoch-making events have occurred, such as the birth of man 100,000 years ago. In terms of technology, if you look back at human’s history, nothing happened in the first 1,000 or even 50,000 years. This forms a contrast to the development of the Internet, which started from non-existence to its present popularity in only 10 years. Therefore, Kurzweil predicts in his book that pure human civilization will end in 2045. By then, strong AI will eventually appear and have the intelligence level of a toddler. Then, one hour after reaching this node, the AI can immediately work out Einstein’s theory of relativity and other theories that are the basis of human cognition; in one and a half hours after that, the strong AI becomes a super AI, with an intelligence that is 170,000 times that of ordinary humans. This is the “singularity” that will change the human race — the moment when computer intelligence becomes compatible with human intelligence. In the year of 2020, Conscious Value Network (CVNT) embodies a new meaning — the block height was nearly 50 million, the number of supported super nodes reached 100, and the TPS/CTPS exceeded 50,000. Besides, the concurrent processing speed of the main chain was fast and the fee was low, and it can support tens of thousands of commercial-grade distributed applications at the same time, carrying the historical mission of ushering in the “value era”. CVNT has made a breakthrough via using Web3.0. By now, it has completed a new upgrade that integrates VRF consensus algorithm + DAO governance + decentralized storage + rich scenario application. 1、VRF+DAO: a real decentralization practice that successfully enables the application of blockchain Web3.0. 2. Decentralized storage, plus the superimposition of PoSt not only supports the traditional HTTP interface, but also allows IPFS file transfer protocol, which will work with Filecoin to support a more decentralized IPFS. 3. A platform with scenario applications: CVNT has improved the BaaS developer platform, and independently developed a decentralized video content distribution platform and player based on Renren Cloud and the basic lifecloud. It has also developed a personal privacy data storage management system DID (application) that abides by the First Principles and meets the immediate needs of ordinary Internet users. The ups and downs of blockchain in 2021 have brought us both bulls and bears, opportunities and challenges. Eventually the whole market will return to the rational state in which value determines price. CVNT has set an example of timely change for many blockchain projects. We also look forward to CVNT’s over-the-top practice in multiple ways and bringing more value to the implementation of Web3.0. — 1. CVNT awakes with capital influx. — In 2021, CVNT adopts a new tokenomics, to attract more capital and resources and to form a more flexible mechanism. The new tokenomics has undoubtedly opened up more possibilities for crypto finance and demonstrated for many crypto projects that are currently “silent”. From the information we have obtained so far, CVNT is the first project in the world that utilizes the traditional financial “capital increase” method to upgrade “token swap”. The new tokenomics lays a solid foundation for CVNT to evolve in a better direction. It has the following two distinctive advantages. 1) Capital strength and strong growth The increase of capital can further enhance CVNT’s risk resistance and credibility of the project, which is conducive to its ecological expansion, technology upgrade and innovation of application platform, as well as development of decentralized applications. For example, the subsequent launch of other products such as lifecloud decentralized video content distribution platform/player, DID privacy data validation management system, etc., make full use of capital to implement CVNT’s Web 3.0 strategy. It is important to know that crypto assets have a relatively limited capital replenishment channel compared to traditional finance where capital increase is the main capital replenishment method. Blockchain projects, especially those of infrastructure levels, require a certain scale of capital for expansion. With the empowerment of the new tokenomics, CVNT undoubtedly boasts more advantages in the process of ecological expansion this year. 2) Value Capture and Decentralization When designing its brand new tokenomics, CVNT relies on the global storage of state space to ensure the value capture function. In doing this, it has more independence and autonomy, which, together with the DAO mechanism, can truly realize decentralization. Most tokenomics designs in the market regards the underlying blockchain as a decentralized transaction processing system. The developers tend to focus on providing incentives and penalties in the consensus process to ensure that the participating nodes can verify transactions and reach consensus. However, apart from enhancing the efficiency of underlying decentralized public chains, Web3.0 development also needs to address a very important mission: the development of decentralized storage. Just like the basic computers and cell phones that gave birth to the development of the Internet network era, they not only had to have good chip speeds, but also needed to solve the storage space problem of hard disk memory. From this perspective, CVNT superimposed the consensus algorithm of VRF+DAO on the PoSt spatio-temporal proof of decentralized storage. In the same vein, CVNT’s underlying public chain is also a distributed storage platform and accordingly contributes to a state-storage-based tokenomics. On the one hand, as a leading smart contract platform and the BaaS developer tool and application platform, CVNT has sustainable premium capability of its tokens through better interoperability, layer 2 cross-chain, and supporting decentralized applications, etc. On the other hand, the CVNT native token is intended to represent an interest in occupying that state’s storage space for a sustained period of time. Its utility is similar to that of land as a storage platform, but also has the functions of currencies (transfer value) and gas (payment calculation). It is thus clear that CVNT tokens are a resource in the entire blockchain field, and represent storage space. Due to the established total supply, CVNT tokens are a limited resource with scarcity. You can think of the CVNT network as a piece of land. When you own CVNT tokens, you have the right to use and own this decentralized storage space to store data and build applications, or to lease to enrich the CVNT ecology. Or you can simply use it to ensure liquidity, which is very similar to the concept of land. The prosperity of the ecology on a piece of land will act on the value of the land itself. This logic is the same for the CVNT token system and represents the latest way to achieve value capture in the blockchain Web 3.0 era. Throughout the process of value capture, CVNT governs the community through DAO contracts. The “outward” part of DAO governance, as we will see below, includes setting a monetary policy to limit the growth of state storage and adjusting the strategy of charging fees from users of storage state. These strategies are to balance the decentralization of the project storage cloud and user costs, while regulating inflation and deflation to maintain a stable increase in token prices. — 2. VRF+DAO enables the implementation of Web 3.0. — As long as the centralization problem persists, the dream of Web3.0 would not come true. Most of the public chains in the market use POS and its derivative consensus algorithms such as DPOS. They share a common issue that needs to be addressed — the high degree of centralization, such as EOS, TRON, etc. 21 super nodes are easy to make people consider the low cost of vicious practice and manipulations from big whales. Economists use the Gini index to measure the distribution of wealth in a country. From 0 to 100, the larger the number the more unfair the distribution of wealth. Applying this theory to EOS yields a number of 97. Even though cryptocurrency communities and countries are two different concepts, the fact remains that a Gini index above 60 means something is very wrong. EOS’s Gini score of 97 is a record breaker. Web 3.0 needs a new paradigm to subvert the high degree of centralization featured the public chains and protect the interests of every crypto participant. And CVNT’s VRF+DAO may be the right solution for implementing blockchain Web3.0. 100% natively developed by CVNT, the VRF consensus algorithm can enlarge the nodes to a maximum of 2100, making the Gini index 1%. This greatly reduces the possibility of low-cost mischief. In terms of decentralization and security, the technical advantages of its VRF consensus mainnet also include: 1) Based on thousands of verifiable nodes and tens of thousands candidate verifiable nodes, the VRF-based random function makes the list of next block producers unpredictable, thus increasing the system complexity to encounter malicious attacks in the network. 2) It improves the decentralization of the project, so that the general public can truly participate in the co-construction of the system. During the operation process, the fairness of the block-generation nodes is ensured by random functions and decentralized control, so that the consensus of interests can be accomplished. 3) It provides users with strong and verifiable assurance that their privacy and data are under their control, i.e., the information they receive and provide, and their payment information flows in a trusted network. 4) The fault tolerance capability realized by PBFT enables fast bookkeeping and block generation at the ledger level, making the mainnet of CVNT more efficient, stable and reliable. CVNT is committed to be the most decentralized, secure and the largest network. Although the nodes can be scaled up to thousands through the VRF consensus mainnet, it is still not sufficiently decentralized, which is the main weakness that people criticize Web 3.0 for. Thus, the governance of the public chain is of particular importance. Based on this, CVNT innovatively created the VRF+DAO consensus algorithm, which merges the community governance of DAO and the consensus of chain-forming mechanism, truly realizing a decentralized governance to run the whole project. To be more specific, CVNT adopts DAO contract to govern the entire ecological development in two aspects: using DAO contract to govern all matters of the community, and to control all work processes of the core development team, such as code management, etc. First of all, community governance. The DAO core governance team will vote to set up incentives and penalties and further to formulate strategies for community development. In other words, CVNT DAO is a decentralized consensus “organization” led by outstanding community leaders and quality nodes. It can identify the decisions and directions that are truly beneficial to the development of the project. By voting, community members make joint decisions without subject to the influence of any centralized institutions/individuals. Neither do they need trust endorsement from them. For investors, adopting DAO contracts means the whole community governance is based on smart contracts, which is transparent and traceable, avoiding private fraud on the project side and greatly reducing investment risks. At the same time, CVNT also focuses on the value expansion of the project and the building of the community. For example, under the DAO contract, the issuance of CVNT tokens will be delegated to the community, and the community consensus will decide the issuance price and volume of CVNT tokens. A fair, transparent and participatory issuance environment will certainly encourage more community and investor participation. Secondly, the public chain process. All the code development and management of CVNT core team, including new modifications and upload updates, will be supervised by the DAO community core management team. What’s more innovative is that CVNT has designed a mechanism of two private key in halves. One is hidden private key and the other is non-hidden private key; each member of the community core management team only owns the latter. Among them, the hidden private key is generated by DAO contract and strictly supervised to ensure that the core code is not copied and that any hidden operation is prohibited; the non-hidden private key is stored in the first decentralized storage space and belongs to DAO organization management. In other words, all changes related to the project process, including but not limited to technical upgrades, application platform updates, application development, etc., will be known to all DAO community core management team members and are immune to individual controls. — 3. CVNT general-level decentralized database and cloud distribution platform. — CVNT Storage Cloud is essentially Ali Cloud or Amazon Cloud of the distributed storage. It supports decentralized data/storage services for enterprises and complex DAPPs. Bitcoin is designed as a virtual currency. What is stored in the Bitcoin blockchain is its ledger, the bookkeeping needed to determine ownership of Bitcoin. Later, to adapt to a variety of different applications, many people tried to use the Bitcoin blockchain to store data. However, Bitcoin largely discourages this practice, and its own design makes such applications very difficult and expensive. Blockchain technology should generally be thought of as a distributed database system. This means that a large portion of the world’s data could potentially be stored in such a system, much like traditional relational databases and the more recent rise of cloud databases. The CVNT has explored the storage potential of blockchain technology and proved that it could be a very competitive option for a decentralized storage cloud (distributed database) in the future. There are a lot of problems to be solved in decentralized storage projects. While striving to overcome these problems, it is very important to avoid long project cycles and setting too large goals. Therefore, CVNT uses a fast and slow dual-chain parallel mechanism and superimpose on VRF consensus mainnet to give full play to all the advantages of PoST. (1) The stored power of PoSt in CVNT is based on real and useful storage services, which is different from hash calculation that is energy consuming but lacks practical uses. Mining based on PoW consensus mechanism causes huge energy waste and produces no actual value to the real economy. (2) PoS reaches consensus through coin age. CVNT improves this model by superimposing PoST consensus, which uses the percentage of effective storage in the network as the basis for claiming block generation rights. The tokens staked are only to avoid the mischieving storage by miners, and is of little damage to the liquidity. While securing the advantages of PoST, CVNT decentralized storage cloud will become a powerful commercial-grade blockchain infrastructure with rich application scenarios such as high concurrency, relational, key-value pairs, large capacity, efficient indexing, data security, etc. It can support more complex blockchain applications, such as financial, gaming, social communication, depositing, etc. that have high requirements for storage cloud (database). — 4. CVNT’s Journey. — So far, there have been distinct themes running through various blockchain stories for each year. The story in 2009 was Bitcoin and in 2015 it was ethereum; 2017 witnessed the world’s first ICO; 2020 saw the explosion of decentralized finance around DEX; the trend in 2021 is obvious: the blockchain Web 3.0 movement has been by far the most influential value trend with the most sustainability. The massive decentralized storage cloud market space, coupled with its diverse scenario applications, creates favorable conditions for CVNT to take off. Where there is a need, there is a demand, where there is a market, where there is capital. The trends create heroes, and the market makes star projects. While securing both the trends and market demands, the value point from which CVNT will explode depends on the size of the demand and the technology fit. This value node is probably the password towards wealth in 2021.




CVN Weekly Report_Apr_the third week_2021

Technological Progress Till Apr. 18, the development of the mainchain is below:Code has been submitted 30 times, with the main increase of the data governance process.The manager of storage node have been completed.The design of chain governance architecture have been completed.The transaction record on the block browser has been updated. Project Activities 1. The blockchain project BXH incubated by CVN is about to start the Global Ambassador Program. BXH puts community opinions first. The plan aims to discover high-quality users through online activities, competitions and other forms, and maximize the role of the community. While promoting and improving the further development of BXH, it also strengthens communication and contact with users. And bring more vitality to the community. 2. The blockchain project BXH incubated by CVN will soon launch the BigBang combustion mining function. Using the BXH burning and destruction model to obtain high-quality project tokens can make BXH possess deflationary attributes, and it also allows community users to get more early opportunities to participate in high-quality new projects. 3. In order to solve the problem of blockchain server congestion, CVN creatively adopts a four-layer technical architecture namely the basic technical layer, the consensus layer, the protocol layer and the application layer. Among them, the basic technical layer includes CVN, fast-slow dual chain, shard, layering, LeveLDB, StateTrie tree and blockchain IOT gateway; the consensus layer mainly covers consensus management, VRF, PoST and PBFT; the protocol layer supports multi language supported smart contract virtual machine, new version of solid contract, CRC20, CRC721 contract application, CRC81 stable currency issuing instruction, Bip44 protocol, digital identity, transaction processing, asynchronous communication, data input and output protocol; and the application layer supports decentralized storage cloud, development platform, Buffle test framework,CVN.js and others in SDK development framework, chrome plug-in wallet, blockchain browser, add / destroy standard interface, PC-WEB side offline transaction and signature interface, and database management / operation / query components. The layout of the four-tier technical architecture effectively reduces server congestion and effectively improves the user experience while ensuring product safety. Operational Progress The growth of the communities:English community (https://t.me/dfkofficial): 6733Vietnamese community (https://t.me/CVNT_Vietnamese): 3511Philippine community (https://t.me/CVNT_Filipino): 4015Indonesian community (https://t.me/CVNT_Indonesian): 5012Rassian community (https://t.me/CVNT_Russian): 753Spanish community (https://t.me/CVNT_Spanish): 508Turkish community (https://t.me/CVNT_Turkish): 422Arabian community (https://t.me/CVNT_Arabic): 1124Korean community (telegram: https://t.me/CVN_Korea): 637Korean community (kakao:https://open.kakao.com/o/gxSiarnc): 665 Welcome to follow and connect us through the following channels: Website: https://www.cvn.io/#/ GitHub: https://github.com/CryptoWorldChain Twitter: https://twitter.com/CVN_Blockchain Facebook: https://www.facebook.com/CWV-601430300517425/ Medium: https://cvnblockchain.medium.com/ CVN Weekly Report_Apr_the third week_2021 was originally published in CVN Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.




CVN Weekly Report_Apr_the second week_2021

Technological Progress Till Apr. 11, the development of the mainchain is below:Code has been submitted 50 times, with the main optimization of data structure and clarification of data storage relationship logic.The document merging process and document verification process have been improved.The contract code update and contract data analysis have been completed.The transaction record on the block browser has been updated. Project Activities 1.CVNT is expected to start the super validator node election at the end of April. After the election, it will start super node mining and hardware mining machine storage mining. The mainnet will be upgraded simultaneously, and the CVNT public chain will be used as the public chain of the Ethereum layer 2. The VRF mainnet superimposes PoST space-time proof decentralized storage, and jointly builds an IPFS storage ecosystem. At the same time, the PoST space-time proof algorithm of the CVN mainnet will support the IPFS protocol. There will be a total of 201 super nodes in the main network, of which 1/3 will be selected as super nodes for accounting each time a block is generated, and the remaining 2/3 will be used as validator nodes for verification. 2. On April 8, the DEX platform project BXH, which was invested and incubated by Neo Wang, the managing partner of the CVN Foundation, conducted an AMA event on the Deep Chain Finance platform. Biki founder Winter and IDC Capital founder Wesley, who are also BXH investors, participated in this event. Please check this link for more details: https://www.shenliancaijing.com/a/96788.html 3. With the influx of more and more users gradually becoming crowded in the blockchain ecology, this dynamic change puts forward new requirements for the technical architecture. As the core part of the CVN technology upgrade, the hierarchical blockchain ecology effectively alleviates the problem of ecological congestion. The entire system is divided into two levels: the settlement layer (CSL) and the calculation layer (CCL), which solve the problems of currency and smart contracts respectively. For the settlement layer, the problems encountered in digital currency transactions can be upgraded and replaced through soft forks. For the computing layer, targeted expansion and improvement can be made according to the operational requirements of DAPPS. 4. As a one-stop decentralized platform, CVN has always been committed to seeking innovative solutions for the development of blockchain, and putting forward new ideas in the operation of storage clouds and traditional financial industries. CVN adopts a fast and slow dual-chain parallel working mechanism, and selects the working mode of miners according to the content and priority of the generated data blocks.Through the dual-chain structure and the two underlying technologies, the superior GPS of CVN has reached 30,000 per second, with a theoretical peak of 100,000. It not only has sufficient storage capacity, thus realizes a privatized data storage, but also greatly improve the on-chain storage capacity, reading efficiency, and security of the personal data. It provides technical premises for the decentralized ecology of the CVN which is based on storage and mining. Operational Progress The growth of the communities:English community (https://t.me/dfkofficial): 2183Vietnamese community (https://t.me/CVNT_Vietnamese): 3508Philippine community (https://t.me/CVNT_Filipino): 4230Indonesian community (https://t.me/CVNT_Indonesian): 5351Rassian community (https://t.me/CVNT_Russian): 784Spanish community (https://t.me/CVNT_Spanish): 569Turkish community (https://t.me/CVNT_Turkish): 422Arabian community (https://t.me/CVNT_Arabic): 1095Korean community (telegram: https://t.me/CVN_Korea): 637Korean community (kakao:https://open.kakao.com/o/gxSiarnc): 665 Welcome to follow and connect us through the following channels: Website: https://www.cvn.io/#/ GitHub: https://github.com/CryptoWorldChain Twitter: https://twitter.com/CVN_Blockchain Facebook: https://www.facebook.com/CWV-601430300517425/ Medium: https://cvnblockchain.medium.com/ CVN Weekly Report_Apr_the second week_2021 was originally published in CVN Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.




CVN Weekly Report_Apr_the first week_2021

Technological Progress Till Apr 4, the development of the mainchain is below:Code has been submitted 30 times, with the main optimization of fragmentation rules and file fragmentation verification;The file download authorization process and file download merge process have been improved.The contract code audit has been completed.The transaction record on the block browser has been updated. Project Activities 1. Neo Wang, the managing partner of the CVN Foundation, participated in the AMA live broadcast event held by Jinse Finance as an incubator at 14:00 on March 30th, and introduced his investment incubation BXH to the center at the event. In the future, Neo Wang will also organically integrate BXH’s decentralized financial advantages with CVN’s main chain ecology, so that the two can generate greater ecological value. For more details: https://www.jinse.com/blockchain/1046554.html 2. The Bicc platform token BSS has officially launched the BXH.com decentralized trading platform, and the BXH/BSS liquid mining pool has been opened. Up to now, APY exceeds 700%, and users who hold BSS can flow in BXH liquidity mining to obtain more holding income. For related announcements: https://www.bicc.pro/noticeInfo/54 3. The CVN hackathon is already in the preparatory stage, and the long-term third-party development interface is currently being prepared. For more details, please follow the official announcement, stay tunes! https://www.cwv.io/ 4. The untrustworthy nature of blockchain technology has led to the emergence of many new products dedicated to improving trust issues, and decentralized video network systems are one of them. As the most important substantive product of CVNT in blockchain applications, RR dVod has made a huge breakthrough in ecological construction and user experience. On the one hand, video, software, music, pictures, games and other third parties who need network resources can easily access, use and deploy on RR dVod, enjoy the convenience of ecology and become the builders of ecology. On the other hand, RR dVod provides massive distributed storage space, high QoS, encrypted data transmission services, and uses DHT (distributed hash table) to achieve complete decentralization. Users with computers, mobile phones and TV boxes can join in and have a good user experience. In RR dVod file transfer network, any content creator can upload his own works. Users can browse and search through RR dVod to find and download data in CVNT network. After more and more people visit, the works of content creators will be saved by multiple devices which effectively guarantees the safety. 5. What does the future of YYeTs + Public storage chain looks like? Witness the future with CVN’s RR dVod! RR dVod is a decentralized and innovative video network system deployed on the CVNT network, with 20 million users of YYeTs deployed on the chain. The product system covers three functional modules: video content player /distribution /search, high-quality content investment, and distributed DSN. Based on users’ high-frequency rigid demand for content, RR dVod will quickly have a large number of high-quality digital asset users. In the process of high-speed promotion of CVNT coverage, RR dVod will become the highest quality user traffic pool in the blockchain market, which will make CVNT token more advantageous in commercial extension and extension. Correspondingly, through CVNT token, RR dVod can better collect and summarize bandwidth and storage resources, intelligently schedule to serve all enterprise end users with demand in an optimal form, and quickly obtain scale economic benefits by taking advantage of the advantages of token economy in transparency, trustworthiness and incentive. RR dVod will bring CVNT a circulation scenario beyond the current mainstream public chain, provide real value support for landing profitable business, and make it unique in terms of liquidity and deflation effect. Operational Progress The growth of the communities:English community(https://t.me/dfkofficial): 2101Vietnamese community(https://t.me/CWV_Vietnamese): 3582Philippine community(https://t.me/CWV_Filipino): 4104Indonesian community(https://t.me/CWV_Indonesian): 5154Rassian community(https://t.me/CWV_Russian): 772Spanish community(https://t.me/CWV_Spanish): 517Turkish community(https://t.me/CWV_Turkish): 438Arabian community( https://t.me/CWVArabic): 1124Korean community(telegram:https://t.me/CWV_Korea): 637Korean community(kakao:https://open.kakao.com/o/gxSiarnc): 665 Welcome to follow and connect us through the following channels: Website: cwv.io GitHub:github.com/CryptoWorldChain Twitter: https://twitter.com/cwvblockchain Facebook: https://www.facebook.com/CWV-601430300517425/ Medium:https://medium.com/@cwvblockchain CVN Weekly Report_Apr_the first week_2021 was originally published in CVN Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.




CVN Weekly Report_Mar_the last week_2021

Technological Progress Till March 28, the development of the main chain is below:Code has been submitted 40 times, with the main optimization of file upload and download interface;The authorization contract and authorization circulation security audit have been completed;The code review has been completed;The transaction record on the block browser has been updated; Project Activities/ Ecology Construction 1. On March 23, CVNT held an AMA event with BLock Talks community. Founder of CVN, Neo Wang, was invited to participate and gave meticulous answers to the hot issues of CVNT that everyone was concerned about, and put forward the future concept of CVNT development. Neo Wang stated that CVNT will always continue to improve the existing blockchain issues and continue to move towards real decentralization. CVNT is committed to solving the problems of low performance, poor security, high development difficulty, and excessive reliance on gas fees for existing blockchain applications. CVNT is also committed to the performance scaling and decentralized storage of distributed applications, creating a value network of distributed storage and video (content) transmission consisting of multiple user nodes. Compared with other projects, strong financial strength guarantees the risk tolerance and project reputation of the CVNT project, and promotes the expansion of the ecosystem, technology upgrades, application platform innovation, and the development of decentralized applications. In addition, CVNT pioneered the VRF+DAO consensus algorithm, which combined the community governance of DAO and the consensus of chain forming mechanism to solve the risk of high decentralization of most public chains in the market. For more details: https://blocktalks.medium.com/blocktalks-x-cvn-ama-transcript-afd8aee7f251 2. Recently, various media have conducted in-depth analysis of CVNT and elaborated on the topic of “Broad development prospects and major changes of CVNT: leveraging blockchain Web 3.0 with large-scale business”. With the gradual transition from Web2.0 to Web3.0, the number of users and throughput on the chain will inevitably expand exponentially in the future. The mission of the public chain in the new era is to prepare for the explosive growth of on-chain activities and provide more powerful underlying support. Based on this, Wang Xiaobin, the leader of the CVNT project, mentioned the three key points of the future development of the blockchain: real decentralization; decentralized storage and the landing of the ecological scene application platform. For a long time, the innovation and development of CVNT never deviated from its purpose of “creating a blockchain Web3.0 public chain”. VRF+DAO governance makes the upgraded CVNT truly decentralized, and the decentralized data storage of CVNT has also reached a holy grail level with unlimited innovation in the infinite scalability and value capture of upgraded CVNT. In terms of the landing of the ecological scene application platform, ecological scene application platform of CVNT can provide efficient services for decentralized financial applications. The vast decentralized storage cloud market space coupled with the landing of the ecological scene application platform has created good conditions for the CVNT dynamism. 3. “CVNT White Paper 4.0” will be released soon. The CVNT is a Web3.0 paradigm public chain, with a new positioning of decentralized storage + BaaS operating system + ecological scenario application platform, adopting the original VRF consensus main chain + DAO governance, and expanding the maximum number of nodes to 2100, achieve the largest degree of decentralization. In addition, the PoSt consensus is superimposed, which can support the traditional HTTP interface and the IPFS file transfer protocol at the same time. CVNT has designed a new decentralized mining model that supports four forms of hardware mining, computing power mining, cloud mining pool, and third-party mining. Among them, the hardware mining machine of CVNT storage space mining can simultaneously support the mining of Filecoin’s FIL and CVNT certificates. The current decentralized applications of the ecological scene application platform include: storage cloud, lifecloud video content distribution platform, player, and privacy data storage management system Lifecloud_DID. As the underlying facility of the blockchain Web3.0 world, CVNT can provide stable mainnet, technical support and developer tools for DAPP and more decentralized application developers on the ecological scene application platform to achieve real decentralization and a revolutionary subversion of Web2.0. 4. Last week, CVNT officially connected to the DEFI platform BXH.com which is based on the Huobi eco chain (Heco) and opened CVNT/USDT liquidity pool at the same time. Up to now, the annualized return of mining is 1135%. Before withdrawing CVNT to BXH, users need to contact CVNT official customer service to convert their CVNT tokens into Heco chain tokens. Do not transfer CVNT tokens of CVN main chain to BXH directly, otherwise it may cause asset loss. Operational Progress The growth of the communities:English community(https://t.me/dfkofficial): 2141Vietnamese community(https://t.me/CWV_Vietnamese): 3637Philippine community(https://t.me/CWV_Filipino): 4165Indonesian community(https://t.me/CWV_Indonesian): 5241Rassian community(https://t.me/CWV_Russian): 771Spanish community(https://t.me/CWV_Spanish): 550Turkish community(https://t.me/CWV_Turkish): 455Arabian community( https://t.me/CWVArabic): 1141Korean community(telegram:https://t.me/CWV_Korea): 637Korean community(kakao:https://open.kakao.com/o/gxSiarnc): 665 Welcome to follow and connect us through the following channels: Website: cwv.io GitHub:github.com/CryptoWorldChain Twitter: https://twitter.com/cwvblockchain Facebook: https://www.facebook.com/CWV-601430300517425/ Medium:https://medium.com/@cwvblockchain CVN Weekly Report_Mar_the last week_2021 was originally published in CVN Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.




CVN Weekly Report_Mar_the third week_2021

Technological Progress Till Mar. 21, the development of the mainchain is below:Code has been submitted 30 times, with the main optimization of file upload and download interface;The authorization contract and authorization transfer interface have been improved.The space cost calculation interface has been completed.The browser contract analysis and data statistics interface have been completed.The transaction record on the block browser has been updated. Project Activities 1.CVNT has been listed on Huobi and Matcha Exchange. The upgraded CVNT pioneered the VRF+DAO consensus algorithm, opening the era of Web3.0. The VRF consensus algorithm originally developed by CVNT extends the maximum number of nodes to 2100. The VRF-based random function not only ensures the fairness of the block-producing nodes during operation, but also enables the system to defend itself when it is attacked by malicious networks which provide users with a huge security guarantee. On this basis, the addition of DAO contract governance enables CVNT to truly implement the entire project in a decentralized manner. All project-related decisions will be jointly decided by the community, and will not be affected by any centralized organization or individual, and there is no need for any centralized organization or individual to carry out the trust endorsement of the project. CVNT creatively designed the two-half private key mechanism. The core management team members of each community only own half of the non-hidden private keys, and the other half of the hidden private keys are generated by the DAO contract and strictly monitored to ensure that the core code is not copied. The cooperation of the DAO mechanism makes CVNT truly decentralized. 2.On the basis of achieving decentralization, as an important underlying support, CVNT also has major innovations in the design of the main chain. The underlying public chain of CVNT is also a distributed storage platform, and an economic model based on state storage has been formed based on this. On the one hand, as a leading smart contract platform、BaaS developer tool and application platform, CVNT has sustainable token premium capabilities through solutions such as better interoperability, two-tier cross-chain, self-sustained decentralized applications, etc.; on the other hand, CVNT native tokens are designed to represent the rights and interests that occupy the storage space of the state for a duration. Its practicality is mainly similar to that of land as a storage platform, and it also has functions of currency (transfer value) and fuel (payment calculation). The ecological prosperity of a piece of land will affect the value of the land itself, and it will be the same for the CVNT token system. This will be the latest way to achieve value capture in the blockchain Web3.0 era. CVNT is committed to making the most distributed, safest and largest-scale network. 3.In addition to the need to achieve decentralization and efficient public chain foundation, the development of Web3.0 also puts forward higher requirements for decentralized storage. CVNT’s decentralized storage can support both the HTTP file transfer interface and the IPFS file transfer protocol. The brand-new CVNT represents the occupation of the global storage state space, and has more independence and autonomy. As a decentralized consensus “organization” led by more community leaders and high-quality nodes, DAO can truly identify decisions and directions that are conducive to project development. All members of the DAO community core management team will be aware of all changes related to the project process, including technology upgrades, application platform updates, application development, etc. For investors, community governance undoubtedly allows CVNT to have a completely fair and transparent issuance environment which greatly reduces investment risks. Through the perfect interpretation of DAO, CVNT realizes management and autonomy on chain, and strives to enable every community user to participate in financial projects on an equal basis. CVNT promotes the prosperity of the ecology by stimulating the endogenous power of the community, so that the blockchain can truly benefit the people. 4.After the completion of the CVNT mainnet mapping switch, Bicc.Pro has canceled the DAO community’s transaction authorization restrictions on CVNT to improve the user’s transaction experience. For more details: https://www.bicc.pro/zh_CN/noticeInfo/51 Operational Progress The growth of the communities:English community(https://t.me/dfkofficial): 2183Vietnamese community(https://t.me/CWV_Vietnamese): 3715Philippine community(https://t.me/CWV_Filipino): 4230Indonesian community(https://t.me/CWV_Indonesian): 5351Rassian community(https://t.me/CWV_Russian): 784Spanish community(https://t.me/CWV_Spanish): 569Turkish community(https://t.me/CWV_Turkish): 475Arabian community( https://t.me/CWVArabic): 1163Korean community(telegram:https://t.me/CWV_Korea): 637Korean community(kakao:https://open.kakao.com/o/gxSiarnc): 665 Welcome to follow and connect us through the following channels: Website: cvn.io GitHub:github.com/CryptoWorldChain Twitter: https://twitter.com/CVN_Blockchain Facebook: https://www.facebook.com/CWV-601430300517425/ Medium:https://medium.com/@cwvblockchain CVN Weekly Report_Mar_the third week_2021 was originally published in CVN Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.




CVN Weekly Report_Mar_the second week_2021

Technological Progress Till Mar. 14, the development of the mainchain is below:Code has been submitted 50 times, with the main accomplishments of file contract data analysis and contract call interface definition.The functions of fast file retrieval and resumable uploading have been completed.The file data space organization has been completed.The transaction record on the block browser has been updated. Till Mar 14, the development of RR dVod has come to an end, and version 2.0 is currently being designed and structured. The 1.0 public beta version will be released at a scheduled time for users to use. Project Activities 1. On March 9, the upgraded CVNT token which was switched to the CVN was launched on the Huobi and MXC Matcha trading platforms. CVNT new economic model after the “token swap” upgrade this time introduces capital, absorbs multiple resources, and forms a more flexible mechanism. As the first project in the world to introduce the traditional financial “increasing capital and expanding shares” method for “coin swap” upgrade, its brand-new economic model has laid a solid foundation for the evolution of CVNT to Web3.0. The capital strength and strong pull, value capture and decentralization are two breakthrough advantages of CVNT’s new economic model. CVNT pioneered the VRF+DAO consensus algorithm, which merges the consensus of DAO’s community governance and chaining mechanism into the consensus, and truly realizes the operation of the entire project in a decentralized manner. It solves the problem of the high degree of decentralization of most public chains on the market and marks the official landing of blockchain Web3.0. Since then, CVNT will also cooperate with Huobi and MXC to promote more related activities, bringing continuous fresh event experience to all CVNT investors. 2. On Mar 8, CVNT published an article “The upgraded CVNT: the first currency of Web3.0”. According to the official announcement, CVNT will be exchanged according to “old currency: new currency = 200:1”. Through this switch and upgrade, CVNT has completed the conversion from ERC 20 equity tokens to public chain native tokens, and has higher independence and autonomy. At the same time, through the concerted efforts of global technical personnel, CVNT has also made breakthrough progress on the landing of Web3.0, and completed the new upgrade of VRF consensus algorithm + DAO governance + decentralized storage + scenario application platform. As the real decentralized practice, VRF+DAO breaks through the difficult problem of blockchain Web3.0 landing; With superimposed on PoSt, CVNT’s decentralized storage not only supports the traditional HTTP file transfer interface, it also supports the IPFS file transfer protocol. In the future, it will work with Filecoin to support a more decentralized IPFS; Scenario application platform completes the BaaS developer platform and independently develops a decentralized video content distribution platform and player lifecloud based on the RR dVod. On this basis, a personal privacy data storage management system DID (application) that conforms to the first principle and meets the just needs of ordinary Internet users is derived. CVNT has set an example of timely change for many blockchain projects, creating a new beginning for web3.0 content sharing and public chain storage. For more details: https://t.co/7hHhhtcKnw?amp=1 3. On Mar 8, Defiking, CVN and BICC blessed all ecological partners, users and communities Happy Women’s Day! 5. After the completion of the CVNT mainnet mapping switch, Bicc.Pro has canceled the DAO community’s transaction authorization restrictions on CVNT to improve the user’s transaction experience. For more details: https://www.bicc.pro/zh_CN/noticeInfo/51 Operational Progress The growth of the communities:English community(https://t.me/dfkofficial): 2223Vietnamese community(https://t.me/CWV_Vietnamese): 3834Philippine community(https://t.me/CWV_Filipino): 4329Indonesian community(https://t.me/CWV_Indonesian): 5464Rassian community(https://t.me/CWV_Russian): 790Spanish community(https://t.me/CWV_Spanish): 618Turkish community(https://t.me/CWV_Turkish): 494Arabian community( https://t.me/CWVArabic): 1206Korean community(telegram:https://t.me/CWV_Korea): 637Korean community(kakao:https://open.kakao.com/o/gxSiarnc): 665 Welcome to follow and connect us through the following channels: Website: cvn.io GitHub:github.com/CryptoWorldChain Twitter: https://twitter.com/CVN_Blockchain Telegram: https://t.me/CWVCommunity Medium:https://medium.com/cwv-blockchain CVN Weekly Report_Mar_the second week_2021 was originally published in CVN Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.




CVN Weekly Report_Mar_the first week_2021

Technological Progress Till Mar 7th, the development of the mainchain is as follows:Code has been submitted 50 times, with the main accomplishments of defination of the price rules for space and time of file storage.The design of file space cleanup has been completed.The design of file migration has been completed.The transaction record on the block browser has been updated. Till Mar 7th, the development of RR dVod is below: PC:The bug of the file upload tool has been fixed.The number of concurrent downloads for a single task has been adjusted. Mobile:The file storage name has been modified to prevent errors caused by the same file name.The problem that the download cannot be started after the task is occasionally paused has been fixed. Project Activities 1. CVNT mainnet swapping work for CVN community users has started on March 4th. At the same time, CVNT deposits and withdrawals has suspended at 13:00 (GMT +8) on March 4th. CVNT/BTC and CVNT/ETH exchange pairs were reopened at 11:00 (GMT +8) on March 9th. CVNT (ERC20) will be swapped to CVNT(Mainnet) at a radio of 200:1 once the migration is completed. For more details: https://t.co/X4YG6uNYUV?amp=1 2. On March 4th, BICC.Pro has completed the maintenance of FIL wallet, and re-developed the deposit and withdrawal function of FIL token. For detailed announcement: https://www.bicc.pro/zh_CN/noticeInfo/50 3. This week, many media outlets conducted in-depth analysis and published articles on the future development and market potential of CVNT, which were recommended by the homepage on major websites and received a lot of attention. For more details: 1〉On March 1st, CVN published an article titled “After Ethereum 2.0 and DeFi, CVNT creates blockchain upstart” on《TechBullion》. The article demonstrates the overall development progress of CVNT awareness value network is relatively optimistic. The CVNT storage mining and RR dVod distribution mining, which will be started soon, are likely to give birth to a number of new rich people in the industry. With the expansion of market value and deflation effect, all holders will be able to make a real, sustainable and maximum profit. For more details: https://twitter.com/CVN_Blockchain/status/1367898571626799104?s=20 https://techbullion.com/after-ethereum-2-0-and-defi-cvnt-creates-blockchain-upstart/ 2〉On March 1st, CVN published an article titled “20 million users are reveling in CVNT” on《MarketWatch》. The article states that from the above analysis of the positioning and top-level design of CVNT value network, it is not difficult to see that CVNT creates a value network of distributed storage and video (content) transmission composed of many user nodes (hubs). In particular, the technical value of head application RR dVod corresponds to the commercial market scale, which brings huge predictable space. If we had not planted BTC before, we would not have the fruit of today’s BTC. Now why not just focus on the future and plant CVNT, the seed with time and opportunity. For more details: https://www.marketwatch.com/press-release/20-million-users-are-reveling-in-cvnt-2021-03-01?tesla=y 3〉On March 1st, CVN published multiple articles with the topic of “CVNT drives 20 Million Users Crazy” on 《COINNOBLE》、《THE BLOCKOPEDIA》、《KRYPTO WHEEL》、《KRYPTO NewsWire》、《CRYPTOATE》、《CoinCript》and《TRENDIGN》. The articles talk about the innovation and benefits of CVNT from four features: RR dVod breaks the blockchain business zero sum recreation; the consumption of community assets results in the growing demand for CVNT token; distributed finance, the “Holy Grail” of blockchain; digital belongings that may convey instant tangible advantages. CVNT is dedicated to resolve the issues of low efficiency, poor safety, excessive improvement problem and extreme dependence on dealing with prices of present blockchain purposes, and to appreciate the efficiency growth and decentralized storage of distributed purposes. For more details: https://coinnoble.com/cvnt-drives-20-million-users-crazy/ https://theblockopedia.com/cvnt-drives-20-million-users-crazy/ https://kryptowheel.com/cvnt-drives-20-million-users-crazy/ https://kryptonewswire.com/cvnt-drives-20-million-users-crazy/ https://cryptoate.com/cvnt-drives-20-million-users-crazy/ https://coincript.com/cvnt-drives-20-million-users-crazy/ https://www.thetechly.com/cvnt-drives-20-million-users-crazy/ 4〉On March 1st, CVN published multiple articles with the topic of “CVNT: 2021 New Trend in Blockchain Industry” on 《COINMES》、《COIN NEWS PAN》、《COINOLLY》、《ZECRIPTO》、《CRYPTONODE》、《CRYPTOCHAINWIRE》、《COINPOGO》and《The Bitcoin Daily》. Within the Q1-Q2 roadmap launched in January, we can see the 4 main update plans of CVNT: evolving the post consensus; redefine the operation mode of erc20; the subsequent era of smarter contracts; enhance the scalability of the underlying public chain and keep away from onerous bifurcation. From the framework of CVNT and the present operation of the principle community, we will see the dedication and braveness of the crew to open up the period of public chain 3.0. It’s an actual fundamental sturdy venture. For more details: https://coinmes.com/cvnt-2021-new-trend-in-blockchain-industry/ https://coinnewspan.com/cvnt-2021-new-trend-in-blockchain-industry/ https://coinolly.com/cvnt-2021-new-trend-in-blockchain-industry/ https://zecripto.com/cvnt-2021-new-trend-in-blockchain-industry/ https://cryptonode.us/2021/03/01/cvnt-2021-new-trend-in-blockchain-industry/ https://www.cryptochainwire.com/cvnt-2021-new-trend-in-blockchain-industry/ https://www.coinpogo.com/cvnt-2021-new-trend-in-blockchain-industry/ https://thebitcoindaily.info/cvnt-2021-new-trend-in-blockchain-industry/816/ 5〉On March 1st, CVN published multiple articles with the topic of “What is the Holy Grail of Blockchain?” on 《btc heights》、《HASHNEWS》、《Crypto Currency Financial》、《COINBLAZE》、《Coinedict》、《PENTAXCOIN》and《COINOMI》. The overall development progress of CVNT conscious value network is relatively optimistic, and the future has become more and more clear. Many institutional investors around regard CVNT as a very rare opportunity and focus on its position. The intercommunication between CVNT and RR dVod basically fulfills the needs of users in an all-around way. In addition to RR dVod, distributed finance is another major landing scenario of CVNT. Its unique holy grail ecology is strongly linked with CVNT token, enabling it to build an extremely deflationary economic model. CVNT has the potential of revolutionary blockchain infrastructure that is really used by people, so it will also burst out with inestimable economic value. Please look forward to how far can CVNT run in the golden track of public storage chain and video blockchain applications! For more details: https://btcheights.com/what-is-the-holy-grail-of-blockchain/ https://hashnews.us/2021/03/01/what-is-the-holy-grail-of-blockchain/ https://cryptocurrencyfinancial.org/index.php/2021/03/01/what-is-the-holy-grail-of-blockchain/ https://www.coinblaze.us/what-is-the-holy-grail-of-blockchain/ https://www.coinedict.com/blockchain/what-is-the-holy-grail-of-blockchain/ https://pentaxcoin.com/what-is-the-holy-grail-of-blockchain/ https://coinomi.us/what-is-the-holy-grail-of-blockchain/ Operational Progress The growth of the communities:English community(https://t.me/dfkofficial): 2254Vietnamese community(https://t.me/CWV_Vietnamese): 3945Philippine community(https://t.me/CWV_Filipino): 4418Indonesian community(https://t.me/CWV_Indonesian): 5560Rassian community(https://t.me/CWV_Russian): 794Turkish community(https://t.me/CWV_Turkish): 519Arabian community( https://t.me/CWVArabic): 1245Spanish community(https://t.me/CWV_Spanish): 633Korean community(telegram:https://t.me/CWV_Korea): 637Korean community(kakao:https://open.kakao.com/o/gxSiarnc): 665 Welcome to connect with us Website: cwv.io GitHub:github.com/CryptoWorldChain Twitter: https://twitter.com/cwvblockchain Medium:https://medium.com/@cwvblockchain




The upgraded CVNT: the first currency of Web 3.0

On March 4, Conscious Value Network (hereinafter referred to as: CVNT) officially opened the Huobi mainnet mapping. According to the official announcement, CVNT will be exchanged according to “old currency: new currency = 200:1”. It is expected to reopen CVNT/BTC, CVNT/ETH trading at 11:00 (GMT 8) on March 9th. Through this switch and upgrade, CVNT has completed the conversion from ERC 20 equity tokens to public chain native tokens, and has higher independence and autonomy. At the same time, through the concerted efforts of global technical personnel, CVNT has also made breakthrough progress on the landing of Web3.0, and completed the new upgrade of VRF consensus algorithm + DAO governance + decentralized storage + scenario application platform: 1. VRF+DAO. It is a real decentralized practice that breaks through the difficult problem of blockchain Web3.0 landing. 2. Decentralized storage. CVNT’s decentralized storage is superimposed on PoSt. In addition to supporting the traditional HTTP file transfer interface, it also supports the IPFS file transfer protocol. In the future, it will work with Filecoin to support a more decentralized IPFS. 3. Scenario application platform. It completes the BaaS developer platform and independently develops a decentralized video content distribution platform and player lifecloud based on the Renrenyun fast broadcast product. On this basis, a personal privacy data storage management system DID (application) that conforms to the first principle and meets the just needs of ordinary Internet users is derived. The big waves are rushing into the sand, and the blockchain industry will coexist with opportunities and challenges in 2021. In the end, the entire market will return to the value-determining price rule. CVNT has set an example of timely change for many blockchain projects. We also look forward to CVNT’s advanced practice in multiple dimensions, which can bring more value to the landing of Web3.0.1. “Token swap” upgrade, opening the way to pull the market The long bear market in 2020 has brought a heavy impact on the currency circle. Except for a few top DeFi projects, many new potential projects have not even had time to make a reasonable response plan. Its encrypted digital assets were constrained by the market in the harsh market environment and forced to enter a “silent state” due to lack of liquidity, which resulting in the stagnation of the project. And the currency holders are also affected to varying degrees. Judging from the reality of the encrypted financial market, it is more urgent to establish and improve capital replenishment mechanisms to increase capital strength. Therefore, we have reason to believe that seeking “capital increase” may be the optimal solution for the “rejuvenation” of current silent crypto assets. CVNT’s new economic model after the “token swap” upgrade this time introduces capital, absorbs multiple resources, and forms a more flexible mechanism. It will undoubtedly demonstrate the reactivation of many current “silent state” crypto assets and opens up more possibilities for crypto finance. Judging from the information obtained so far, CVNT is the first project in the world to introduce the traditional financial “increasing capital and expanding shares” method for “coin swap” upgrade. Its brand-new economic model has laid a solid foundation for the evolution of CVNT to Web3.0, and has the following two breakthrough advantages: Advantage 1: Capital strength and strong pull Increasing capital can further enhance CVNT risk resistance, enhance its project credibility, and conducive to its expansion of the ecology, promotion of technological upgrades and application platform innovation, as well as the development of decentralized applications. For example, the subsequent launch of a series of products such as the decentralized video content distribution platform/player lifecloud and the DID privacy data confirmation management system are all making full use of capital to achieve the implementation of the project’s Web3.0 strategy. You must know that compared to traditional financial capital supplement channels, encrypted assets are relatively simple, and capital increase is the most important capital supplement method. The advancement of blockchain projects, especially the advancement of infrastructure-level blockchain projects, need to match a certain capital scale. With the empowerment of the new economic model, CVNT is undoubtedly more advantageous in the process of ecological expansion this year. It is worth mentioning that after the 200:1 “coin swap” upgrade, although user token holdings are diluted, with the new capital “entry”, there is still considerable pulling power. This not only guarantees the constant value of user assets, but also has a high probability of ushering in a wave of opportunistic increases. Advantage 2: Value capture and decentralization Through this switch and upgrade, CVNT has completed the conversion from ERC 20 equity tokens to public chain native tokens. It represents the occupation of the global storage state space and creates an economic model with value capture function. The upgraded CVNT has higher independence and autonomy, and can cooperate with the DAO mechanism to truly achieve decentralization. At present, most encryption economic models design the underlying blockchain as a decentralized transaction processing system. In this case, the design of cryptoeconomics often focuses on providing incentives and penalties in the consensus process to ensure that participating nodes can verify transactions and reach consensus. However, in addition to the need to solve the decentralized and efficient public chain foundation, the development of Web3.0 lacks a very important link, that is the development of decentralized storage. Just like the basic computers and mobile phones that gave birth to the development of the Internet era, it not only requires chip speed and high efficiency, but also needs to solve the storage space problem of hard disk memory.So CVNT superimposes the decentralized storage of PoSt space-time proof on the consensus algorithm of VRF+DAO. Therefore, the CVNT underlying public chain is also a distributed storage platform, and based on this, an economic model based on state storage has been formed: On the one hand, as a leading smart contract platform, BaaS developer tool and application platform, CVNT has sustainable token premium capabilities through better interoperability, two-tier cross-chain, self-sustained decentralized applications and other programs. On the other hand, CVNT native tokens are designed to represent the rights and interests that occupy the storage space of the state for a duration. Its practicality is mainly similar to that of land as a storage platform, and it also has functions of currency (transfer value) and fuel (payment calculation). It can be seen that in the entire network, CVNT tokens are a kind of resource representing storage space. Due to the fixed amount of supply, CVNT tokens are a limited resource with a certain degree of scarcity. You can think of the CVNT network as a piece of land. We own the CVNT token, which means we have the right to use and ownership of this decentralized storage space. We can use it to store data, build applications, or use it for leasing to enrich the larger CVNT ecosystem, or only use it to ensure liquidity which is very similar to the concept of land. The ecological prosperity of a piece of land will affect the value of the land itself, and it will also be the same for the CVNT token system. This will be the latest way to achieve value capture in the blockchain Web3.0 era. In the entire process of value capture, CVNT governs all matters of the community through DAO contracts, which is the “outward” governance part of DAO mentioned below. This includes formulating a monetary policy to limit the growth of state storage and adjusting the strategy of charging storage state users to balance the benefits of the project’s decentralized storage cloud and user usage costs. At the same time, it can control inflation and deflation to maintain a steady rise in currency prices.2. VRF+DAO, blockchain Web3.0 officially landed As long as the centralization problem is not solved, the dream of Web 3.0 will not come true. Most public chains currently on the market use POS and its derivative consensus algorithm DPOS, etc. They have a common difficulty that needs to be overcome — — a high degree of centralization, such as EOS, TRON, etc., 21 super nodes make it easy to doubt that the cost of doing evil is low and the “big family” controls the disk. Economists use the Gini index to measure the wealth distribution of a country. From 0 to 100, the larger the number, the more unfair the distribution of wealth. The number obtained by applying this theory to EOS is 97. Even though the cryptocurrency community and the country are two different concepts, the fact that the Gini index exceeds 60 is very problematic. The EOS Gini index of 97 points broke the record. Web 3.0 requires a brand new paradigm to overturn the current high degree of centralization of public chains and protect the interests of every user in the encrypted world. And CVNT’s VRF+DAO may be the correct solution to the implementation of blockchain Web3.0. The VRF consensus algorithm originally developed by CVNT extends the maximum number of nodes to 2100, and the Gini index is one percent of EOS, which greatly reduces the possibility of small-scale evil. The technical advantages of its VRF consensus main chain in terms of decentralization and security also include: 1) Based on the above thousands of verifiable nodes and tens of thousands of candidate verification nodes, the random function based on VRF makes the list of the next block producer unpredictable, so it will increase the complexity of the system when encountering malicious attacks on the network. 2) The degree of decentralization of the project is improved, so that the general public can truly participate in the co-construction of the system. In the process of operation, a random function is used to ensure the fairness of the nodes of block generation and the consensus of rights and interests is completed through decentralized control. 3) Provide users with a strong and verifiable guarantee that their privacy and data are under their control. That is, the information they receive, the information they provide, and the content related to payment are circulated in a trusted network. 4) That the fault tolerance achieved through PBFT realizes fast accounting and block generation at the ledger level making the main chain of the CVNT consciousness value network more efficient, stable and reliable. CVNT is committed to being the most distributed, safest and largest-scale network. Although the node can be expanded to thousands of orders through the VRF consensus main chain, it still makes people feel that it is not decentralized enough. This is also the main problem currently criticized by Web3.0, so the governance of the public chain is particularly important. Based on this, CVNT pioneered the VRF+DAO consensus algorithm, which merges the consensus of DAO’s community governance and chaining mechanism into the consensus, and truly realizes the operation of the entire project in a decentralized manner. To further explain, CVNT uses DAO contracts to govern the development of the entire public chain ecosystem, externally using DAO contracts to govern all matters in the community, and internally, DAO contracts will control all the work processes and code management of the “core team” development team. First, community governance. The DAO core governance team generates incentives and punishment rules through voting to formulate strategies for community development. In other words, CVNT DAO is a decentralized consensus “organization” led by more community leaders and high-quality nodes, which can truly identify the decisions and directions that are conducive to project development. The organization can make joint decisions, be responsible for ordinary investors, and is not affected by any decentralized institutions/individuals, and does not require any centralized institutions/individuals to endorse the trust of the project. For investors, the adoption of DAO contracts makes the entire community governance process completely based on smart contracts. The realization of the complete transparency and traceability of the entire process effectively avoids the private fraud of the project party and greatly reduces the investment risk. At the same time, CVNT can also focus on the value expansion of the project and the construction of the community. Since CVNT delegates the real decision-making power to community autonomy, it can be assisted by the community. For example, under the DAO contract issuance mechanism, the issuance rights of CVNT tokens are delegated to the community and the issuance price and issuance volume of CVNT tokens are determined by the consensus of the community. A fair and transparent issuance environment allowing everyone to participate will inevitably inspire more communities and investors’ enthusiasm for participation. Second, the public chain process. The code development and management of all CVNT core teams, including new modifications, uploads and updates, will be supervised by the DAO community core management team. What is more innovative is that CVNT has designed a two-half private key mechanism, one half is a hidden private key and the other half is a non-hidden private key. Each member of the community core management team only owns the latter. Among them, the hidden private key is generated by the DAO contract and strictly supervised to ensure that the core code is not copied and the black box operation is eliminated. The non-hidden private key is stored in the first decentralized storage space. And the private key belongs to the DAO organization. This means that all changes related to the project process including but not limited to technology upgrades, application platform updates, application development or other changes will be known to all members of the core management team of the DAO community and will not be controlled by individuals.3. The journey of the first currency of Web3.0. The “mainnet mapping” upgrade to create a new economic model. VRF+DAO landed on the blockchain Web3.0. CVNT’s exploration and advancement make it have unlimited imagination in the near future. All projects that have the potential to illuminate the future of the industry will lead the market and will also be an important investment target for professional investors. CVNT is undoubtedly of great potential. Through the perfect interpretation of DAO, CVNT realizes on-chain management and autonomy, and strives to enable every community user to participate in financial projects on an equal footing. Promote the prosperity of the ecology by stimulating the endogenous power of the community, so that the blockchain can truly benefit the people. At this point, a truly decentralized, true prototype of the Web 3.0 paradigm public chain has surfaced. The journey of CVNT as the first currency of Web3.0 has just begun. The upgraded CVNT: the first currency of Web 3.0 was originally published in CVN Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.



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