SEC Biweekly Report - Issue No.5

Dear SECblock followers:

It's time for our Biweekly Report!

With the progress of the project, SEC has made a breakthrough progress in ecological development. The SEC community has its own club, and now it opens limited quota recruitment co-founder. If you are interested in it, please do not miss it. After all, there is a limited quota!

Another good news for this week is that Youxin shopping Beta1.0 starts beta testing! This will probably be the first Wechat applet in the real sense to apply block chain technology to commercial applications. Of course, this will be come true after the SEC main chain is online to join up with the Youxin shopping.

Isn't it exciting?

Our Project schedule

• Define all data types of the main chain, block structure of transaction chain and block structure of Token chain.

• Develop a block generating database

• Develop block validity verification module

• Develop a single transaction Hash effectiveness validation and find module.

• Develop the validation module with transaction legitimacy.

• Develop the set based on integration of network protocol matched with the bottom of devp2p, which has been implemented RPL data coding, decoding module and started to testing period. The node to node communication and node DHT algorithm are being developed.

• The professional Merkle Trees for SEC has written and tested.

• The random number algorithm for generation private key and the algorithm used for generate the Elliptic Curve Cryptography and Hash Algorithm both have written and tested.

What's new in our Team?

• On 28th of April, SEC launched the COINEGG trading platform. The first day's rise was 63.4%. About 2 weeks online, the price is maintained at around 0.9 yuan.

• The social shopping platform Youxin shopping Beta1.0 based on trust transferring, which is mainly researched and developed by Sales Network has begun to internally test. After the main chain of SEC is on line, Youxin shopping will access the SEC’s main chain. On the occasion, trust social will really be technically implemented. After the official version was launched, the focus of Youxin shopping operation was to offer more certified products with low price for consumers through trust social.

What's new in our community?

• Until 9th of May, the total number of telegraph group members for SEC has reached 55994.

• On 1st May, SEC Social E-commerce International Club was open to the recruitment of the founders and members, among them; the founder's limit is 1000.

SEC Social E-commerce International Club and Chain CLUB are the strategic cooperation units, which has branches in Canada and China. This time, the opening of China branch's limited quota is to assistant members of the community to better carry out social e-commerce business and investment in block chain projects. It is mainly open to practitioners or entrepreneurs in sellers, online retailers, social e-commerce businesses, IT, Internet and capital investment and so on.