PlugChain November Monthly Report (11/01–11/30)

PlugChain
3 min readDec 15, 2023

Dear PlugChain Community Members,

Hello everyone! Today, we are releasing the PlugChain November report. We will regularly report on project progress in the form of monthly reports to keep the community informed about the latest developments from the official team.

Let’s take a look at what new progress PlugChain has made in November!

Operation

November 1st, following the buzz in the ETF news, the entire crypto market eagerly awaited the next catalyst. Let’s shift our focus to blockchain oracles, a potential key in bridging on-chain and off-chain data, driving further market development.

November 8th, PlugChain’s Indonesian community engaged strategically with Cointime in the “AI & GPT Application Innovation Hackathon,” promoting the development of local blockchain infrastructure.

November 13th, PlugChain partnered strategically with CLUB3, providing a one-stop solution for PlugChain’s community branding and project development, construction, operation, and growth.

November 16th, PlugChain participated in the WikiEXPO Sydney 2023 event, becoming a global partner of the Sydney WikiEXPO Financial Exhibition.

November 17th, as PlugChain’s Singapore ambassador, I was invited to participate in the “Asia-Pacific RWA Tokenization Platform Summit,” sharing insights on the opportunities of oracles in building the RWA ecosystem.

November 27th, the PlugChain community completed a “reduction,” voting on a proposal to set the maximum inflation rate between 0.1% and 0.11%.

Technology

Pando Wallet:
1.Added wallet deposit functionality.
2.Visualized deposit data.

Data Collection Module Optimization:
1.Optimization of data cleaning and processing structures.
2.Data storage optimization.
3.Customization of privacy policies.
4.Exception handling and logging.

Oracle Generation Module:
1.Development of oracle algorithms.
2.Optimization of oracle data analysis.

Community

November 5th: PlugChain’s official representatives were invited to participate in a themed community discussion titled “How will Public Chains move towards a Modularized Future?” Community ambassadors provided online users with insights into the new perspectives brought by modularization technology in public chains.

November 11th: PlugChain’s community ambassadors took part in X Space’s discussion on “The Catalysts and Future Challenges of the Transition from Web2 to Web3.” They collectively explored DePIN’s future development and delved into mysteries within the market.

November 16th: PlugChain’s community ambassadors were invited to BitMart’s X Space event titled “BTC Ecosystem Exposed!” Together, they discussed what lies ahead after the wave of BTC20 inscriptions.

November 22nd: PlugChain’s community ambassadors participated in X Space’s discussion titled “The Boom of BRC20 Inscribed Assets: How to Sustain Wealth Effects.” They collectively explored the future development of the EVM system and probed into market mysteries.

November 30th: PlugChain’s community ambassadors joined Solana x Odaily in co-hosting an X Space event titled “Understanding the Next Generation Exchanges and Oracles.

In Conclusion: PlugChain’s overall development has been relatively steady, but worth noting is the current craze around “inscriptions”! If PlugChain can capitalize on this trend, it will signify the first step in establishing itself as a leader in the NFT official ecosystem sector. Presently, the cryptocurrency industry is gradually recovering, and the market seems to be entering a phase akin to “winter thawing into spring warmth.” How will PlugChain leverage the wealth leverage of the public chain ecosystem in such a scenario?

PlugChain takes the aggregated cross-chain oracle protocol as the core, integrates the advantages of high performance, high expansion, low gas!

Website: https://plugchain.info
Twitter: https://twitter.com/Plugchainclub @Plugchainclub
Telegram: https://t.me/plugchain
Discord: https://discord.gg/GdpPzUt89E
Youtube: https://www.youtube.com/channel/UCW4s0YFA7y1qYis1eW3Wcog
Medium: https://officialplugchain.medium.com/
NFT Market:https://very5.com/

GitHub:https://github.com/oracleNetworkProtocol/plugchain
Official Email:officialplugchain@gmail.com

#PlugChain #Pando #Very5 #Gxswap #Oracle #prc20 #web3

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PlugChain

PlugChain takes the aggregated cross-chain oracle protocol as the core, integrates the advantages of high performance, high expansion, low gas!