Adam K Dean:

Good evening all 👋

This week saw two deployments to mainnet (and many to testnet), with Index v1.24.2 and Explorer v1.20.1 having been deployed to mainnet. These updates improve the performance of browsing nodes in the explorer by reducing the number requests needed to gather all the data.

Development of the account system is coming along swiftly. This week we’ve been working on server management tasks: everything from the user interface right through to the hypervisors managing the VMs. Resizing VMs has been implemented, with backups and snapshots on the way. There has also been work on the account management screens, with two-factor authentication and email recovery interfaces being refined, along with a whole bunch of other UI improvements.

Behind the scenes we’ve also been working on the billing system, which will be powered by XE. Each account will have an XE balance, which can be topped up either directly with XE, or through FIAT and other crypto routes (BTC, ETH, EDGE, etc). Service usage will then be billed in XE at the end of each day. Prices will be in USD, with the XE cost calculated at the end of each day based on the exchange rate. This is what gives XE its real world utility, and what over time will drive purchase pressure for the token.

We currently have XE wallets integrated, pricing models in place (though final prices are still TBD), daily usage and billing in place and working, and in the next week or two will begin working on the settlement procedure. After that we’ll integrate billing into the user interface, and we should then be ready for the first release.

Next up on the roadmap or the interfaces will be content delivery integration and FIAT & alternative crypto top-up options. We’re super excited and can’t wait to release this!

[Now a rousing speech to reassure the community]

Jsoeph Denne:

We know some of you have been asking what we’re planning to do about the token volume, and there have been concerns about our marketing approach in this regard. We hear you.

Of course the macroeconomic outlook is very gloomy (something of a common theme throughout the four years since the Edge crowdsale – crypto crash! Pandemic! War! Hyperinflation! Beelzebub sighted off the coast of England!). With this backdrop marketing the cryptonomic side of the project in isolation is something of an uphill battle, akin to pushing water uphill.