Hi everyone 👋

It’s been a short week here, with today and Monday off for Easter.

TNC unlocked, and despite some teething problems are now processing transactions quickly.

The application deployment and configuration management package used by Gateway and Host have received a much needed refactor to improve reliability and reduce the potential for misconfigured applications responding to requests that they are unable to successfully complete.

Further protection was added to Gateway to avoid caching failed responses, and to force bad actors out of the priority queue.

The final components of the refactor are due to be completed next week, with the expectation that they will be deployed to mainnet before the end of the week.

There has also been a lot of work on the peer-to-peer protocol within the network chain to strengthen it for transactions, including refinements to the synchronisation mechanism and enhancements to its general robustness.

We test the technology by running with a blocktime as low as 500 ms, and pushing hundreds of thousands of transactions through the system. When launched we expect a blocktime of around a minute.

Work on the design of the web wallet – which is otherwise functionally complete – progressed. As did work on the chain explorer.

There has been considerable progress in the way that transactions are handled in the network. At the heart of this the platform is a cryptographic ledger, a deterministic data store that tracks wallet balances, is constructed from the transactions in every block, and has the ledger proof stored in every block.

Guiding Principles for network governance have been defined, based on work produced by the UNDP (the UN’s development agency).

Governance in the Edge Network is designed to be:

1. Participatory. Community participation is key to the success of the network. Governance must be informed and organised.
2. Consensus Oriented. There will be multiple points of view for each aspect of the network. The governance mechanism is designed to facilitate healthy and open debate.
3. Accountable. Proposals that are raised through the governance mechanism must be followed up on by the core team.
4. Transparent. Information must be freely available and directly accessible to those who will be affected by the proposals raised through governance.
5. Responsive. Proposals should be responded to within a reasonable timeframe.