Hi everyone 👋

The pace of development at Edge, the excitement in the crypto space in general and of course the effect of being in place, in lockdown, means that the weeks are just flying by at the moment.

We've managed to secure the Edge username on Medium. Our new Medium URL is:

https://edge.medium.com

We'll be posting all of the latest updates here going forward.

We have multiple additional videos in the works, with scripts now finished and voiceover work under way. These cover upcoming services with a focus on end users. We also have a video in production that provides an introduction to the platform for community users.

And we're putting the meat on the bones of a social activation campaign, which I expect to be kicking off this month.

Real Research has north of 1.5m users now. However you cut it, this is a very meaningful number. As the app is opened up for broader use this month we expect to see it driving significant liquidity in the TNC Coin.

We're continuing to deliver on the underpinnings of the new $EDGE token. Token contracts are complete and in testing.

For complete clarity, the decision has been taken that the token will be ERC-20. There are several reasons for this, the main being 1. stability of smart contracts; 2. interoperability with the wider community; 3. liquidity provision; and 4. development pace.

We assessed a broad array of options, including extending the DAG in the network to provide smart contract functionality. This would be the preference from a technical interest perspective, but it's also massively complex, time consuming and comes with significant cost for little to no benefit versus ERC-20.

Of course this decision in no way rules out future changes, but it's where we are today, and it represents the best route forward for the network.

The team have been working on the new load balanced queue for Gateway, which is a significant upgrade of the existing queue system. It brings real time device scoring to the network to enable a better distribution of requests. Device scoring will be used as a primary metric for node earnings in future, factoring in more data points than just jobs completed.

We'll be writing much more about this in the coming weeks, but here's a little more detail...

Requests in Gateway queues run through a bi-directional stream (which is always open between Gateways and their Hosts). This is somewhat like being at a counter with a ticket in a queue. Devices subscribe to the queue and the first Host in line for a job up gets handed the request. If the Host fails to respond in a given timeframe the job gets passed out to additional devices in sequence until a response is received. (This is the job race that we've spoken about before.)