Bit Capital Vendor Awarded the Most Powerful Blockchain Project of 2018

On Jan. 12, 2019, the Fourth Summit of China New Economic Model Innovation and Development, namely the TV Ceremony of China Industrial Leading Brands was held at the CPPCC auditorium. The theme of the ceremony was “Innovative Economy Commanding the Future.” Bit Capital Vendor (BCV) was awarded “Leading Global Team of 2018 in the Blockchain Industry,” “Innovation Star of 2018 in Blockchain Fin-Tech” and “The Most Powerful Blockchain Project in the World in 2018.”

This forum was jointly hosted by Economy of Economic Daily, News Frontier of People’s Daily, The Road of Brandingteam from CCTV-7, Committee of Investing and Financing of the Investment Association of China, and Industrial Development Institution of China Academy of Management Science.

This event combined public opinion monitoring from the internet, big-data, cloud computing and expert reviews to rank the companies. BCV stood out from the competition. Winning these three prizes indicates hosts and reviewers’ affirmation on the value of BCV and shows the remarkable market performance of BCV.

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Competing for Advancement, Valuing Application Landing

BCV‘s goal has always been to create user-valued products and related applications. With digital assets management at its center, BCV intends to construct a three-in-one technological service system: tools on the upper layer, a wallet in the middle and a digital asset management chain on the bottom layer.

Based on digital asset secure storage and corresponding consuming scenarios, BCV has launched iterative upgrades and provided a unique experience for each user. BCV Wallet has had three major upgrades and multilingual versions have been introduced. Its user base has expanded to 100,000 users. Rapid development of BCV Wallet and rich applications within have attracted many high-quality ecosystem partners.

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Technological Advantage

Aided by blockchain technology, BCV lays equal stresses on improvement on the bottom layer and R&D. The high-efficiency trans-chain technology will help to build up the chain of digital asset management so as to construct application platform on the upper layer. BCV platform will provide all the services and tools needed in the process of investing, financing and asset management, serving both project organizers and investors.

On the aspect of protocols, the BCV team has made good use of their rich experience in the development of distributed systems, and has its own proprietary technological outcomes such as VBS, a data communication format. The private key of EAX algorithm will enter a consulting phase with SRP6a. After encrypted transmissions using VBS-encoded data, the receiving terminal will decode data encoded by VBS. This process will guarantee a secure and efficient transmission between clients and the server. BCV’s own proprietary VBS serialized data will take up less bytes, and can be used onmultiple operating systems, which is much more convenient for Internet transmission and permanent storage.

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