TriveAcademy, a player in building the blockchain technology infrastructure which also conducts training classes and consultation processes was nominated for the”Bloconomic Excellence Award – Best Blockchain Technology Developer Award” at the Bloconomic Summit. The Bloconomic Summit is organized by the Malaysian Blockchain Association and Alphacap Sdn. Bhd.
As a sponsor partner for Bloconomic event, TriveAcademy has presented their latest technology and applications of Trivechain 2.0 to the public at the summit. Trivechain is committed to be the next generation of blockchain infrastructure and has adopted a POW and POS hybrid consensus to provide a high performance and high security underlying public chain for the flow of global assets.
After a successful fork on April 22, 2019, the new version of Trivechain 2.0 has been successfully forked, deployed and is running steadily. Trivechain 2.0 has include major changes such as adjustments to their Proof-of-Work algorithm from X11 to X16R and Proof-of-Stake collateral from 1,000 TRVC to 10,000 TRVC. The mining hash rate and the number of masternode needs to catch up slowly and be supported by a new community. The hash power and number of masternodes is increasing gradually every day indicating a significant increase from the date it was forked.
At present, Trivechain’s technology development community is led by Tan Ji Sheng, the founder of TriveAcademy. Tan shared a wonderful keynote for Trivechain 2.0 at Bloconomic, which gives participants a deeper understanding of the future planning and practical application of Trivechain. It is worth mentioning that another successful project nominated in the summit was BigRewards. BigRewards is built and supported by Trivechain’s blockchain technology. The integration system uses TriveAsset for bookkeeping of BigRewards Points.
In an interview with Tan, he said that “Trivechain 2.0, as a blockchain platform,