Swan June 2024 Monthly Report
As we move into the heart of summer, Swan Chain continues to make significant strides in our mission to revolutionize decentralized computing. Important updates, exciting achievements, and substantial product developments have marked this month.
Let’s dive into the details of our June progress.
Community Progress
🏎️ Atom Accelerator Race Updates
June marked a pivotal month for the Atom Accelerator Race, with several key developments:
- On-chain Interaction Race: The On-chain Interaction Race concludes on June 14, 23:59 (EST) due to detected exploitation activity. Read more: https://x.com/swan_chain/status/1801551803492012055
- Builder Program and Community Engagement Challenge: Successfully completed on June 29th.
- Computing Provider Acceleration Program: Extended to July 15, 23:59 (EST) following the release of CP code update v0.5.0.
- Redistribution of Race Rewards: 1,500,000 SWAN Credits redistributed:
- 75% to active on-chain participants (April 29 — June 14)
- 25% to extended CP Acceleration Program
5. Market Provider (MP) Event: Market Provider (MP) event launched. Join Swan Chain’s decentralized computing framework as a Market Provider: https://forms.gle/TLTeTuyLxpgy82AQA
Winner Announcements: Stay tuned to our official social media channels for the upcoming announcement of winners across all categories!
🏆 Swan Chain Win at ZekoBoost Developer Contest
Swan Chain has been recognized as the winner in the AI category of the prestigious ZekoBoost Developer Contest. This achievement is not just a testament to our team's hard work and innovation, but also a significant milestone for our entire community.
🌟 Articles and Insights
Cointelegraph Research
Our latest research report, a collaboration between SwanChain and Cointelegraph Research, reveals how Decentralized Physical Infrastructure Networks (DePINs) and Decentralized Resource Networks (DeRENs) are reshaping the cloud computing landscape.
AI Use Cases on Swan Chain
Exploring AI Use Cases: Discover 4 wonderful AI use cases of Swan Chain, including MusicGen, ComfyUI, Text-to-Speech, and Stable Diffusion. Join the AI revolution and build your own models with Swan Chain.
Saturn Testnet Recap
We have announced the winners of the Saturn Testnet Transaction Drive Program. Congratulations to all the winners!
Product Progress
🛠 Orchestrator:
- Mainnet environment support added.
- The bridge mechanism has been completely redesigned, enhancing security and efficiency in cross-chain operations.
- Dashboard now fully supports mainnet operations.
- Refactored our third-party wallet integration.
- Swan Credit Token Faucet has been developed.
🔬Swan Provider Dashboard:
- V1: Added network-wide CP (Computing Provider) data summary and implemented categorized displays of CP distribution by country/region.
- V2: Added ECP (Edge Computing Provider) and FCP (Fog Computing Provider) account lists, CP personal pages, and a comprehensive network information overview.
- V2: Added MP (Market Provider) data aggregation and information summary page.
🌐ZK Engine:
- Completed the design and development of the V3 ECP collateral mechanism.
- Implemented batch operations for ECP collateral and release.
- Addressed the nonce confusion issue caused by simultaneous transmission of multiple ZK-tasks.
- Added ECP data classification by country and region.
- Introduced checkcode for ZK-tasks.
- Developed a ZK-scanner for efficient scanning of on-chain tasks and proof information.
💻 Computing Provider:
- Added support for Orchestrator to use CP Account V2, incorporating new collateral contracts and methods.
- Optimized the ECP reward retrieval process, reducing instances of reward display anomalies.
- Implemented support for V3 ECP staking operations, ensuring compatibility with the new ZK-task proof submission mechanism.
- Enhanced the ZK-proof submission mechanism to mitigate timeout issues caused by RPC problems.
- Introduced deadline verification during proof submission to reduce penalties due to late submissions.
- Improved resource-exporter standardization to support a wider range of server types.
About Swan Chain:
Swan Chain, initiated in 2021, is a full toolset AI blockchain infrastructure accelerating AI adoption. Utilizing OP Stack’s Ethereum Layer 2 technology, it pioneers in merging Web3 with AI by providing comprehensive solutions across storage, computing, bandwidth, and payments. By tapping into underutilized computing power across a network of community data centers, its integration facilitates a significant reduction in computing costs by up to 70% while enabling the monetization of dormant computing assets. Through innovative marketplaces for decentralized storage, AI, and Zero-Knowledge proofs, alongside the efficiency of LagrangeDAO for AI model deployment, SwanChain makes AI development seamless and affordable.
Traction:
- 10M user addresses and 1M daily transactions on the Saturn Testnet as of Q1 2024.
- A vibrant community exceeding 100K Discord members.
- Network expansion to 2,000+ computing providers across 100 global cities.
- Over 50K deployments of AI model containers.
Investors:
Binance Labs, Protocol Labs, Waterdrip Capital, Chainlink Labs, Outlier Ventures, SNZ Holdings and more.
Partners:
Nvidia, Google Web3 Startup Program, Microsoft Startup Program, Chainlink BUILD, Filecoin Orbit.
Website: https://www.swanchain.io
Twitter: https://twitter.com/swan_chain
Telegram: https://t.me/swan_chain/
Discord: https://discord.gg/swanchain
LinkedIn: https://www.linkedin.com/company/swancloud
