Weekly Update: W/C 16th January, 2023

As part of Edge’s ongoing commitment to transparency and development in the open, the core team write weekly updates to the Edge community. This is the 198th of these updates.

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Good evening @everyone 👋

Last week the core team posted a Governance proposal on implementing a scheduled burn of XE. This week the proposal (found here: https://governance.edge.network/proposal/cd0cd6f364370119133c830ac4d435b28df41ab96cb12d6a1997cc2e12d68b81) reached the required quorum of 20 votes, and currently stands at 24 votes, 100% in favour of the proposal. Thanks to everyone who has taken the time to vote and discuss the proposal. There are still almost two weeks left to vote and have your say.

There are a lot of additional proposals in the works from the core team relating to the direction of the project, including development roadmaps and priorities.

This week the team has been working on expanding the Stargate network operations layer, with support for multiple Stargates being introduced into the earnings service. We’ll be testing this in full on testnet next week, and plan to introduce new Stargates to mainnet in the next couple of weeks.

The internal metrics and monitoring service has been enhanced, specifically around the earnings oracle. We were made aware by some community members that some payouts for Jan 4th had not gone through. The updates to the monitoring service have increased our visibility of this to ensure that it doesn’t happen again. The failed payments went through today, meaning that everything is now up to date.

In terms of releases, testnet saw Stargate v2.14.0 and Earnings v0.8.1 which focused on multi-Stargate support. Stability tests are now running, and we’ll expand this next week.

We kicked off an engagement with a start up in the security space which should become one of the first ecosystem projects on Edge, making use of the XE blockchain for its own services, benefiting XE through transaction fees and network usage. We’ll be talking about this one more in the next few months.

There’s a bunch happening on expanding the use of the network, which we’ll continue to talk about as and when we can over the coming weeks and months.

And that’s it for this week!

Enjoy your weekend 🍻

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