OKTC Project Progress Monthly Report (March 2021)

Highlights:

• OKTC Mainnet to integrate Chainlink Oracle for secure price feeds
• Successful completion of Phase 1 Joint Public Testing with 20 projects
• OKTC Community Forum launched with updated test token distribution
• 11 media outlets and 5 wallets now feature OKTC Testnet sections
• Testnet RPC service optimized, achieving 2x QPS performance
• EVM transaction efficiency upgraded, significantly faster block production
• Upgraded RPC domains now support mobile and cross-domain access
• Websocket compatibility and OKTC address algorithm enhancements

Ecosystem Updates:

1. Community Forum: The official OKTC forum is now live for announcements and discussions.
2. Chainlink Integration: Future mainnet will leverage Chainlink’s decentralized oracles for secure asset pricing.
3. Public Testing: March’s large-scale EVM testing involved 20 projects and rewarded participants with 2,000 OKT.
4. Wallet Support: TokenPocket, BitKeep, and others added dApp sections for seamless testnet app access.
5. Security Partnership: Armors joins as an ecosystem partner to provide smart contract audits and enhance DeFi security.
6. Test Token Access: Due to high demand, test tokens are now available via Slack after Gitcoin/Discord closures.

Media Collaborations:

• Featured columns on Golden Finance, DeepChain, and Carbon Chain Value
• Coverage by TokenInsight and HERE Finance

Technical Advancements:

Version Updates:

• OKTC v0.16.9: GitHub Release
• GO-SDK v0.16.0 & Java-SDK v0.16.6

Testnet Improvements:

1. RPC Optimization: Doubled QPS by reducing CPU spikes and refining DB queries.

2. EVM Efficiency:

   • Restructured state DB interface for faster consensus.
   • Enhanced gas refund logic for failed transactions.
3. RPC Domain Upgrade: Unified to https://exchaintest.okexcn.com with HTTPS support.
4. Websocket Support: Added 4 Ethereum-compatible interfaces (Docs).
5. Address Algorithm: Updated to use coinType=60 (Ethereum standard) for EVM compatibility.
6. Prefix Shortening: Proposed address prefix change from "okexchain" to "ex" (pending release).

Other Updates:

• Gas-price-based transaction prioritization (in testing).
• Anti-DDoS code optimizations to mitigate attack risks.

FAQs:

Q: How can developers access OKTC test tokens?
A: Visit the Slack channel after Gitcoin/Discord closures.

Q: What benefits does Chainlink bring to OKTC?
A: Decentralized price feeds ensure secure, tamper-proof data for DeFi applications.

Q: Is OKTC compatible with Ethereum tools?
A: Yes, EVM support allows seamless integration with MetaMask, Hardhat, etc.

👉 Explore OKTC’s EVM capabilities

About OKTC:

• Website: OKTC Homepage
• Swap: OKX Swap
• Docs: Developer Guide
• GitHub: OKTC Repository