LITEX biweekly report (6.3–6.17)

3 min readJun 19, 2019

LITEX Project Description

LITEX is devoted to building the largest commercial-scale layer 2 ecology worldwide, and has established technical stack based on Bitcoin and Ethereum. Layer2 technology is able to realize off-chain transaction and cross-chain communication, which solves key pain points of low efficiency of public chains and isolated public chain islands.

Through API layer, LITEX opens up its fundamental functions, and carries the upper-level applications such as dapps, micropayments and decentralized exchanges, to builds up rich value exchange ecosystem, which connects between crypto world and real world.

Highlights:

LITEX successfully held a small-scale public test of the first commercial-grade layer2 product;

LITEX update project introduction on Huobi global;

LITEX negotiates dapp game cooperation with many wallets；

Technical Advances:

Front-end Progress

Realized “Hongbao” dapp based on L2App front-end SDK. “Hongbao” dapp is dapp game which requires five-person’s participation, and the final result is determined by the final random number given by five people. Any one can influence the outcome of the game alone. The game details page and the game lottery page of the red envelope DAPP are realized; the game participation interface of the red envelope DAPP is optimized, and the re-connection mechanism of the user in various stages of participating in the game is added. At the same time, the timeout refund logic of the user’s dropped line is realized;

Fast Routing;

Continue to improve the documentation related to the route simulator and investigate more routing algorithms;

On-chain

The on-chain verification smart contract of “Hongbao” dapp is realized, and the lottery and bonus distribution logic is written into the dapp contract, and an interface is provided to verify the off-chain game data. LITEX also increased the verification of the timeout refund logic and the refund logic when multiple people compete for the game lottery into the “Hongbao” dapp contract;

Marketing Updates:

LITEX successfully held a small-scale public test of the first commercial-grade layer2 product

LITEX successfully held the small-scale public test for first commercial-grade layer2 product. The public test begins from June 2, 18:00 to June 14, 24:00. A total of 30 dapp game players participated in the public test and gave some valuable advices to LITEX regarding product. LITEX’s first commercial-grade layer2 product is a “hongbao” dapp game. It is the first dapp game to support “mining” on Ethereum layer2. During the small-scale public test time period, players can get double mining rewards. In this public test, a number of players have won mining awards - PKT, the token of dapp game, the top five players are shown in the figure below. All players’ mining rewards have been delivered.

LITEX update project introduction on Huobi global

LITEX has made several milestone accomlishment since its launch on Huobi global since April 9, 2018. In order to match the introduction and current progress, LITEX updated the project profile on Huobi Global.