Weekly Update: W/C 14th February, 2022

Good evening everyone 👋

This week we saw the number of connected Hosts surpass 150. We also completed another batch of stake migrations, with most legacy stakes having now been migrated over to XE. This brings the total amount staked to 2,725,000 XE which constitutes 5.3% of supply.

Last week we let you know that we’ve held off manually processing January payouts so that we could put in place the automated earnings oracle.

That’s now up and running on mainnet 🔥, with node earnings being calculated every 5 minutes. We’ll be monitoring this over the next week to ensure that everything is correct and plan to enable payouts on 1st March. Pending payouts for Jan & Feb will then be quickly processed with automated payouts happening daily from then on 🎉

If you can’t wait to see what this looks like, head over to https://test.network/transactions to take a look at what hourly node earnings will look like. We’re also working on showing the actual data behind each payout in the explorer. Stay tuned for more on that in the coming weeks 📈

This week also saw the release of version 1.6.0 of the XE blockchain nodes to mainnet. This update, along with CLI v1.6.0, introduced a new requirement for onboarding devices. Transactions to assign devices to stakes now require signed messages from device wallets, improving the fidelity of stake device data on the blockchain. If you have an older version of CLI, you’ll need to update before you can onboard new devices.

This is easy, just run edge update.

Index v1.16.0 was released to mainnet today, introducing sorting functionality and introducing it to the stakes endpoint, while also making a small change to the gas rates endpoint. Sorting will be rolled out to other endpoints and implemented in the explorer over the next few weeks.

Wallet v1.13.1 was also released to mainnet today. This update included a number of fixes and improvements around the staking interfaces. It also introduced a new HashLink component to make transaction and stake hashes look and work better. Finally, it includes a patch to the withdrawal functionality which relates to the gas rates endpoint change mentioned above.

The team has been busy working on the new Edge account portal, and we’re looking to open this up soon. This account portal will let customers manage their various Edge services, with the first service available being Edge Servers (beta).

More services will be made available in time. Payments will be in XE to begin with, with more payment methods including FIAT options added soon after. The portal will feature a frictionless one-click account creation process, with additional security features available from within your account settings.

Last week we announced the iOS Mobile Wallet closed beta. Thank you to those of you who put your names forward, and to those of you who have taken the time to test the mobile app. Development and testing is continuing with a focus on the swap process which we’re making a few changes to. We can’t wait to open up the beta to everyone.

If you have an iOS device and would like to take part in the closed beta, please fill out the closed beta form below and we’ll send you an invite to TestFlight.

All we ask is that you provide feedback and help us resolve any issues you may have. Following the closed beta, we will be releasing the mobile wallet for an open beta, before we enable mainnet functionality.

Sign up for the closed beta here: https://ed.ge/mobile-wallet-closed-beta

If you haven’t already requested your legacy stake migration, please do so by filling out the form here: https://ed.ge/stake-migration-request

Please ensure that you make your request with your Console account email to make it easier for us to process. Also for Founding Node requests, please include your original staking transaction or your device name if you can find it.

We’re also looking to add a new member to the Edge core dev team. If you’re a frontend developer who has a keen eye for design, is shit hot at frontend technologies, and is a total Web 3.0 degen, then you should join us. If you know someone who fits the bill, let them know, and you’ll get a reward if we hire them. Work from anywhere and get paid for giving a shit. Apply here: https://ed.ge/join-us/frontend-developer

The latest issue of our weekly newsletter will be sent shortly. If you’re not signed up, sign up now: https://edge.press/

And if you missed last weeks update, you can read it on site now: https://ed.ge/update/2022/02/07

And that’s it for this week.

Have a great weekend!