Hi everyone 👋

TNC delayed token unlock until the end of October. They completed their mainnet ahead of schedule and the business needs it live in support of core operations. Swapping now (fully automatic – there's nothing for you to do) will save time later. We recognise the frustration that an additional delay brings, but believe that it will be for the best in the end.

Watch this space.

Note that the swap process will remain open until April 2021.

After completing the move away from Consul KV store the network team have made great progress with service monitoring events in Stargate. We now have realtime service data without the need for Consul, which has improved performance, especially for DNS where realtime service status is crucial for load-balancing and DNS exchange, the method deployed when a Stargate does not have sufficient Gateway and Host resources, and needs to offset traffic.

There are still some minor tweaks and bug fixes required, but we hope the first phase will be ready by mid October.

Fallback image support has been added to CDN, as well as some major improvements and bug fixes for GIF manipulation.

Before the next release we'll also be further reducing the footprint of CDN.

The outage we had in Console API was caused by an overrun in CDN usage reports from nodes. 1,973,886 records had backed up as a result of a failed record consolidation process. This has now been resolved and updates are processing.

@Pastienot asked "We know one of the areas that prohibit growth was serious lack of volume on known/popular exchanges... and that was with us on ETH. The move to Sigma; could you include in your Friday address how you see the liquidity issue playing out?"

Liquidity in Edge was hampered by the bear market and a lack of interest in lower-ranking tokens. At the same time network services weren't fully live, restricting use in the token for purchasing, which couldn't be fully offset by staking.

The tokenomics were designed around ever restricting supply through network growth (which worked to an extent), and growth in demand for services (which didn't get off the ground with new business running behind network growth).

The partnership with TNC was in part designed to address this by working with a company well versed in the space and demonstrably capable of managing volume and making a market.

TNC are using a build of Sigma as their own chain, moving this forward from the anticipated launch to better support their business operations today.