BIUT 64th Bi-Weekly Report

BIUT Bi-Weekly Report 64th | April 23-May 06

Wednesday, May 06, 2020

From: BIUT Chinese Community

Recipients: BIUT users, friends, miners

Dear BIUT believers, supporters, and our miners

The work of BIUT has been progressing smoothly in the past two weeks. The mainnet block output has remained stable. During the past two weeks, nearly 20 more mining pools have been created on our mainnet. The miner’s amount is also growing. Every miner is contributing to BIUT with trust. BIUT still under greater development. Please check this 64th BIUT bi-weekly report.

1. R & D progress

BIUT mainnet and mining software continue to be optimized

1. Summary test of disconnection of PC-Miner software

2. Optimization test of mainnet’s security and stability

3. The development plan for modular upgrade and optimization of the mainnet

Development plans for the next two weeks:

1. The optimization test of mainnet’s security and stability

2. The alternative solution development for the application framework

3. Application plug-in development

4. Partner’s application technology research

BIUT project Github link: https://github.com/BIUT-Block

Mainnet Data

2. Operation

1. Double mining pool activity of BigONE Exchange:

The new phase of the “BIUT Double Mining Pool” is open to participating. After the original user mature and unlocks, the remain balance can be used to participate. The 180-day mining pool’s remaining quota is 913,434; the 125-day mining pool’s remaining quota is 749,236.

The new “BIUT Double Mining Pool”, the reference annualized returns are BIUT with an annualized return rate of 2.5% and BIU profits from mining node mining, BIUT with an annualized return rate of 3.8% and BIU profits from the mining.

2. Community activities:

BIUT China Community and BigONE Community will enjoy exclusive registration deposit and withdrawal discount, BIUT / USDT transaction rewards from 12:00 on April 26, 2020–12:00 to May 26, 2020 (UTC + 8). The purchase and trading rewards details can be found on BigONE.

You can also check on our official website: https://www.biut.io

3. The second station of MEETUP in 2020, Foshan meetup is successfully completed.

On April 26, the second station of BIUTmining pool MeetUP was successfully held at Foshan Country Graden Phoenix Hotel. After we held our Shenzhen’s first MeetUP, our miners have more expectations about new meetups. Miners discussed the development progress of the application, the progress of the BIUT mainnet construction, and the progress of the Great Navigation Plan. About 15 million BIUT newly mortgaged to join our mining node, and online nodes suddenly reached 1167 (Global). Supporting these data is BIUT’s superb technology, open-to-peer maintain concepts, consensus on cooperation and sharing, a two-coin economic model with upward spirals of value, and BIUT builders’ “mission is bound to be accomplished” belief. This is also the practice of the underlying application logic — resolve human collaboration problems.