Bystack event
1. On July 12th, Bystack BP recruitment Shenzhen Station was held successfully. Bytom CFO and Bytom CTO Langyu introduced the special structure of Bystack and the development vision, Staking scheme and recruitment development.
Bytom CTO Langyu: One mainchain with multi-sidechain structure is one of the solutions of the trilemma. It can realize three features 1. Isolate sidechain with mainchain to isolate the risk 2. Isolate sidechain with sidechain to isolate business, privacy, and value. 3. Federation management to realize legal and customized management model.
Bytom CFO Li Zongcheng: We have to consider three directions of Staking economy design.1.Ecosystem scale 2. Inflation rate 3. Participation rate
2. On July 15th, the director of Tech&Operation Martin attended the BlockStack and Web 3.0 Hangzhou station. He said that Bystack platform adopts one mainchain with multiple sidechains architecture to ensure scalability and security. Vapor adopts DPoS+BBFT and the block time will be reduced to 0.5s and Block capacity has also increased(One block could contain 5,000 transactions).
3. On July 10th, StakingCon was held in Beijing. Bytom CFO participated in this conference and shared his points in the panel: Staking is an investment and investors should have risk awareness and manage the risk.
Bystack BP Recruitment
We received more than 60 applications and now there are 53 candidates. Bystack is a long-term event and there will be more BP candidates in the future. Up to now, several wallets, mining pools, exchanges, development teams have participated in Bystack BP recruitment. Now we are still in early bird voting and the official election will start after July 20th. Welcome those want to participate in Bytom ecosystem to join the Bystack BP recruitment!
