InsurChain Weekly Report (Apr.24th – Apr. 30rd)

InsurChain Weekly Report (Apr.24th – Apr. 30rd)

Business & Cooperation
1. InsurWallet Spring version update
Data for this week: Weekly Active User: 245.9 thousand, Daily Active User: 93.2 thousand, Hashpower: 353.285 million.

InsurWallet V2.0 strategy has been released
A. Product name changed to ‘InsurBox’;
B. Brand new UI and support for better experience;
C. Launch of withdraw and deposit of INSUR;
D. Launch of INSUR-based financial product;

2. INSUR Ambassador

INSUR Ambassador action has been launched, the action will be on from April 17th to 24th. Top 100 users in terms of votes will be the ambassador of INSUR and split a 1 million INSUR pool and join the InsurChain community.

The action is now over. Total candidates: 11,341, total participants: 99,971. The rewards have all been delivered. If you are a top 100 candidate but receive no rewards, please search ‘insurchain’ on wechat for help.

Last week, the trading volumes of INSUR reached 5.6 billion and 800 million daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 360, 100 and 320 million respectively.

Technical Development
1. InsurBox
We are 70% of V1.6 development. V1.6 features:
A. Support deposit and withdraw of InsurChain Coin Contract;
B. Add error report on both front and back end;
C. Certain pages will upgrade to app pages;
D. Add monitoring function on abnormal account and a double check on transactions.
New version will be open for certain users for test and will be formally launched when it’s running stably.

And updates on the withdraw/deposit function:

A. Completed nodes implementation on Ethereum;
B. Completed the development of transfer, monitor and balance enquiry;
C. Completed the development of withdraw address set and fund password.
D. Developing interface services.
The review and internal test on the core codes will be processed next week.

2. InsurChain Blockchain
The development of public chain will be accelerated, and roadmap is as follows:

Estimated specification and characteristics:
1. TPS>10000, trade confirmation 60s tops;
2. DPOS;
3. Graphene as our underlying tech with high-performance infrastructure service for blockchain.

Smart policy virtual machine:
1. System will support configurable data type and support all kinds of risk expression;
2. Data will be isolated and a trustworthy environment will be implemented;
3. Arbitration mechanism will be introduced.

3. InsurChain Coin smart contract review
BatchOverFlow is a security risk which has caused huge troubles for the cryptocurrency market and investors. After multiple checks, we are confirmed that INSUR smart contract is secure. Investors can make transactions and trades without further worries.

4. Server test optimization


Community data update:
Telegram: members (27994)
Weibo: subscribers (1421)
Wechat assistant: friends (2511)
Twitter: subscribers (6332)

InsurChain official channels:
Twitter: @InsurChain
Weibo: @InsurChain
Wechat Assistant account: InsurChain or InsurWallet
Wechat official account: insur666

We are still recruiting HR, blockchain developers and smart contract developers as well as operating partners for InsurChain community from community members and fans. If you are interested in InsurChain and capable of doing the aforementioned tasks, you can contact our Wechat Assistant to learn more as well as inquiring about the recruitment or send your resume to