This week's spicy topics:
EOS Mainnet Update
As we can see from AlohaEOS’ Block Producer Reliability Tracker, many rounds and blocks have been missed in the last month. A lot of work was done and the data shows that network stability has increased since February 9. We’re not out of the woods yet, but we’re getting close.
Those who want to catch up on what’s happened in the last 4 weeks can consult our previous EOS Hot Sauces, as well as our weekend mainnet update from this past Saturday. Our previous Hot Sauce episodes covered the EOSIO 2.0 upgrade process and an overview and update regarding the microforks on the network.
Our weekend mainnet update covered topics such as improvements in the EOSIO software released by Block.one, some improvements to existing block producer infrastructure and an update on the EOSIO 2.0 upgrade process.
In summary, a recent increase in the amount of transactions has caused many microforks along with dropped blocks. Block.one and key block producers have been working together to reduce these microforks and dropped blocks (see our weekend update) and work is still on-going in this area. Microforks and dropped blocks have been significantly reduced.
But too few transactions have been making it into blocks. Block producers are fine-tuning various settings to accept more transactions without causing microforks. Block.one continues to be actively engaged with block producers to help resolve issues identified.
Even with all these improvements, the amount of transactions being submitted is still above the capacity of the network to support them. This means that sometimes transactions are going to expire without making it into a block.
Block producers will continue to work to increase the size of the blocks. This means that already overloaded nodes running 1.8 will soon not be able to keep up at all.
**All nodes (except block signing nodes) need to run EOSIO 2.0 with EOS-VM as soon as possible!**
Stay tuned to our channels for more EOS Mainnet updates! We’ll be sharing more information as soon as we can.
EOSIO Replacing Databases
We could try to summarize Dan Larimer’s latest article about his vision of replacing all databases with blockchains, but we wouldn’t do it justice. The article describes the different security and integrity guarantees that blockchains offer over tradiontal databases:
- Commitment to Global Sequence of Events
- Deterministic Execution of Business Logic
- Tight Coupling of Business Logic & Data Integrity
- Elimination of Passwords
Here are a few choice quotes from the article that we hope will motivate our readers take the time to read it in full:
“Traditional web application infrastructure was designed with security as an afterthought and for over 25 years companies have been attempting to patch a fundamentally insecure architecture. This architecture was designed with the assumption that a server could be trusted and secured, but years of experience has taught us that no server is safe from external attacks, let alone internal compromises. Stated another way, a server is fundamentally centralized.
The future Block.one is creating eliminates passwords and expensive auditing saving companies billions of dollars, preventing identity theft, and offering increased reliability and audit-ability for all.
Not adopting blockchain tech in the years ahead will be like a bank not adopting SSL and once the technology is widely available not using blockchain technology could, in my view, be considered negligence.” -Dan Larimer
Members of the Jungle Testnet community conducted some stress-testing recently and were able to achieve a new maximum-transactions-per-second of 9656!
- Better stability.
- Fewer forks.
- All deferred transactions were executed, instead of expired.
This year’s stress-test participants included: EOS Barcelona, EOS USA, Aloha EOS and eosDAC.
Alongside their dApp incentive program, which aims to support active dApp builders, the BOSCore team started a series of talks with experienced builders to shine more light on the process of creating decentralized applications and smart contracts. For the 1st episode of these talks, BOScore community representative Toju Kaka invited EOS Nation’s CTO Denis Carriere, who already has an impressive track record of building groundbreaking smart contracts and tools on EOSIO, such the EOS Referendum Tally, the BOS WPS system, and the EOS Nation Proxy.
Among other topics in the article, you’ll find a comparison of centralized versus decentralized applications, what needs to be considered to increase the success of a dApp, and which unique features the BOSCore Network has to offer to developers.
Decentralized Blockchain Applications
Just a few weeks back, we learned about the second product of Effect.Ai, Rosette, a tool for creating multi-language subtitles for Youtube Videos. As part of a bigger rollout, the team announced an affiliate program, which creates great opportunities for those that successfully introduce the services of Rosette to content creators on Youtube. Currently, the program is in the pre-registration phase and those that sign up early have the chance to become “Legacy Members,” which comes with a lot of perks.
Find out all about it and check out the reward system in the introduction of the program.
Rosette is already live, and if you’re a content producer you should check it out to learn more about the advantages of adding multi-language support to your video content.
The Everipedia/PredIQt team has made it a great habit to give regular updates about their ongoing developments. Through that, they keep their user base engaged and receive valuable feedback. With the launch of user-generated markets and the release of their 2020 roadmap, the month of January was especially exciting for PredIQt.
They’ve learned a ton since the launch and made many improvements, such as:
- Improvements of the PredIQt Telegram Bot
- Market Creation Fee Change from 20,000 $IQ to 10,000 $IQ
- Full $IQ Refunds on Market Rejection
- Replacement inactive members PredIQt oracle multi-sig account
A new feature that the team is currently working on is a PredIQt statistics webpage & API showing interesting data like the total amount of $IQ burned, total market volume, number of markets proposed, accepted, active, expired, resolved, and more.
Find more PredIQt updates in the full January report.
The Prospectors Game, set in the times of the gold rush, is stimulating the growth of an economy from scratch. Since the civilization within the game is growing, so is the economic infrastructure. And as the next logical step, a banking system was introduced.
The central function of the new banking system is to provide citizens the service of converting mined Gold into the ‘in-game’ Gold by depositing it on the bank account.
Later on, after obtaining a “Banking License” from the Central Bank, this feature will offer users a new career option as they can create private banks to provide different services and earn commissions in the process.
But before this option will be available, a Central Bank needs to be built inside the game and this itself is interesting as citizens themselves are needed to take initiative for this first-ever public work project within the Prospectors world.
We’re very excited to learn more about how this all plays out.
For those new to Prospectors, Castle Crypto just released an up-to-date review on this exciting game, that took the crypto gaming community by storm.
The Reputation & Identity Layer (RIDL) has been a project the Scatter team has been working on for a while, and after extensive testing, they’ve put together an interesting article to summarize their findings and how they are going to tweak the system to make major improvements.
Here are some features of the new RIDL:
- Users won’t need to manage EOSIO Accounts anymore or spend network resources like RAM, CPU, and NET.
- RIDL will have frictionless multi-chain support through a new API service
- A new RIDL mining system
- New actions like “init,” “activate,” “revoke,” and “moveidentity”
- Adjustments for the actions “identify” and “repute”
- Integration into the Foundation for Interwallet Operability (FIO) Network
- And more
Besides some really interesting improvements, you’ll also find some great pictures of the UI in the article, as they’ve demonstrated the step by step process of setting up a RIDL identity, which will be re-integrated in the next version of Scatter. Some pictures of the Scatter Mobile prototype were also shared.
With all these new features coming, we’re really excited about the new Scatter, as it pushes the envelope in terms of security, interoperability and usability.
Collaborations, Partnerships and Interoperability
The cooperation between AIKON, mostly known through their digital identity solution ORE ID, and WordProof, known for their time stamping tool to prove the origin of internet content, already started with talks in late 2019. Now it’s official! Both projects will join forces to bring more integrity to the internet. Complementing each other’s products, we’ll see ORE ID being integrated into WordProof so that a Timestamp will not only prove WHEN content was created but also by WHOM. The full integration is expected for April of this year.
Congratulations to both teams!
Speaking of WordProof, check out the video of their pitch at Europe’s EIC Horizon Prize on “Blockchains for Social Good“ Finalist’s Day on February 10th, where they competed with 23 other teams for 5 grants of 1 million Euros each.
The foundational architecture of the DAPP Network is the dappservices smart contract, which is responsible for managing the network’s staking mechanism, package provisioning, and quotas. Several upgrades to the DAPP Network foundations have been enabled. The dappservices contract now offers:
- 3rd-party staking
- Flexible resource billing
- Air-HODL withdrawal.
The Vibrant EOSIO Community
Dear EOS community, we need your help!
LocalCryptos, a P2P exchange with over 100,000 users (do your own research), is running a poll to see which crypto they are adding next, and EOS is competing vs Dash and Litecoin. Show up at the polls, vote for EOS and spread the word!
We first heard about the contest on February 10 and at the time EOS was only representing 13% of the votes. We called on the community and many of your responded! A day later, EOS has surged up to 25%! There’s still time to vote so let’s keep it going and lets go EOS!
EOS Nation is a top 21 Block Producer on the EOS public network. We earn inflation rewards based on the percentage of tokens staked towards us. Those rewards are reinvested into EOSIO community, tools, and infrastructure. Help grow the ecosystem by staking your vote to eosnationftw for BP or proxying to proxy4nation.
Remember, we never accept compensation in exchange for featuring projects in the EOS Hot Sauce. That means if a project is included in the EOS Hot Sauce, it’s because we believe that project brings value to the EOSIO ecosystem and we want our community to know about it!
Are you building an interesting project on EOSIO? We want to hear from you! Reach out to us on social media or email firstname.lastname@example.org.
Thanks for supporting EOS Nation and for reading this week’s edition of EOS Hot Sauce! Want more spicy updates? Check out some of our recent EOS Hot Sauce episodes!
EOS Hot Sauce ingredients: The Writer Company joins Voice, Block.one makes big moves on mainnet, The whole ball of WAX, EOS DeFi so hot right now, Two million accounts on EOS, Galaxy EOS VC Fund invests in Polyarc, Virginia Tech Blockchain Challenge Winners, Ultra is ready for testing, Organic Community Market giveaway, Start earning Newcoin on Newlife, UX Network registration opens for WBI holders.
EOS Hot Sauce #65 – EOS Nation CEO & CTO Join Vigor Protocol as Custodians, State of EOS DeFi EOS, WAX Keeps Growing, the “Race for Rares” is ON and Tons More!
EOS Hot Sauce Ingredients: EOS Nation CEO & CTO join Vigor Protocol, WAX grows alongside NFT popularity, Race for Rares is on, Block.one’s Bart Wyatt on blockchain interoperability, Telos integrates EvoDex, Voice App for Android and KYC-free human verification, X-Nation Liquidity Pools Walkthrough by HODL EOS, Emanate is #DeFi Meets #HiFi, Discussions.app new blog feature, Uphold integrates EOS, Greymass roadmap, and getting started with BOSCore.
EOS Hot Sauce #64 – NFT FOMO for GPK Exotic, Spicy Rare Giveaways, Collectables.io Trading Platform, Join our Sense Chat Community and More!
EOS Hot Sauce ingredients: EOS Nation’s Spicy Rare promo and giveaway, GPK Goes Exotic Launch Success, KOGs on WAX, Collectables.io all-in-one NFT trading platform, join our EOS Nation Sense Chat community, Learning EOSIO with Lena “Build Your First Smart Contract”, multiple LiquidApps Bounties, Emanate & ZED.RUN, Syed Jafri on Interoperability.
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