EOS Hot Sauce #43 – EOS Mainnet Update, Blockchains Replacing Databases, EOSIO Record and more!

EOS Hot Sauce #43 – EOS Mainnet Update, Blockchains Replacing Databases, EOSIO Record and more!

February 21, 2020 3 By Kailee Schamberger


Hello EOS Nation and welcome to episode
43 of the hot sauce I’m your host Daniel Keyes and we’ve got another spicy one
for you this week. In this week’s episode EOS Mainnet Update, EOSIO replacing all
databases, transaction record on JUNGLE Test Network, WAX On, BOScore interviews
Denny Carriere, Effect.AI Rosette Affiliate Program, PREDICT progress,
PROSPECTORS banking, SCATTERs Riddle, WORD PROOF and AIKON, LIQUIDAPPS Supercharged,
and LOCAL CRYPTOS “Vote for EOS!” EOS HOT SAUCE is available in every
format, if you’re watching on Youtube make sure you hit that Bell and
subscribe, if you’re listening on SoundCloud give us a like, if you’re
listening on Apple podcasts or your favorite podcast player give us a 5 star
rating and don’t forget to subscribe to the EOSNation newsletter at EOSNation.io. First, EOS Mainnet Update, as we can see from Aloha EOS’s Block Producer
Reliability Tracker, many rounds and blocks have been missed in the last
month. A lot of work was done and the data shows the network stability has
increased since February 9th. We’re not out of the woods yet but we’re getting close. Those who want to catch up on what’s happened in the last 4 weeks and consult our previous EOSIO’s Hot Sauces, as well as our weekend Mainnet Update from this past Saturday. Our previous Hot Sauce Episodes covered the EOSIO 2.0 Upgrade process and an overview and update regarding the microforks on the
network. Our weekend Mainnet Update covered topics such as improvements in the EOSIO software released by Block.one. Some improvements to existing Block Producer infrastructure and an update on the EOSIO 2.0 upgrade process. In summary, a recent increase in the amount of
transactions has caused many microforks along with drop blocks. Block.one and key
block producers have been working together to reduce these microforks and
drop blocks and the work is still ongoing in this area. Microforks and
dropped blocks have been significantly reduced, but too few transactions have
been making it into blocks. Block Producers are fine-tuning various settings to
accept more transactions without causing microforks. Block.one continues to be
actively engaged with block producers to help resolve issues identified. Even with
all these improvements the amount of transactions being submitted is still
above the capacity the network to support them. This means
that sometimes transactions are going to expire without making it into a block. Block
Producers will continue to work to increase the size of the blocks,
this means that already overloaded nodes running 1.8 will soon not be able to
keep up at all! All Nodes except block signing nodes need to run EOSIO 2.0
with eos-vm as soon as possible. Stay tuned to our channels for more EOS Mainnet updates, we’ll be sharing more information as soon as we can. Next up, EOSIO replacing databases. We could try to summarize Dan Lammers latest article
about his vision of replacing all databases with blockchains but we
wouldn’t do it justice. The article describes the different security and
integrity guarantees that blockchains offer over traditional databases, such as
commitment to a global sequence of events, deterministic execution of business
logic, the tight coupling of business logic and data integrity and the elimination of
passwords. Here are a few choice quotes from the article that we hope will
motivate our readers to take the time to read it in full. Dan Larimer was quoted
“Traditional web application infrastructure was designed with
security as an afterthought and for over 25 years companies have been attempting
to patch the fundamentally insecure architecture, this architecture was
designed with the assumption that a server could be trusted and secured but
years of experience has taught us that no server is safe from external attacks,
let alone internal compromises.” Stated another way, a server is fundamentally
centralized. He continued. The future Block.one is
creating eliminates passwords and expensive auditing saving companies
billions of dollars preventing identity theft and offering increased reliability
and auditability for all. He went on. Not adopting blockchain tech in the years
ahead will be like a bank not adopting SSL and once the technology is widely
available not using blockchain technology could, in my view, be
considered negligence. Next up, our section on EOS Networks.
First, transactions per second record on Jungle Test Network. Members of the
Jungle Test Net community conducted some stress testing recently and were able to
achieve a new maximum transactions per second of 9,656 visible and blocked 74,094,068 and 74,094,069, this new record is
477 transactions greater than the previous
record. Compared to last year other notable results from the test
include better stability, fewer forks and all deferred transactions were executed
instead of expired. this year’s stress test participants
included EOS Barcelona, EOS USA, Aloha EOS and eosDAC. Next up,
WAX ON, the biggest threat to Ethereum is Ethereum. In this week’s episode of
WAX ON founder of wax William Quigley goes over the challenges Ethereum will
face in scaling. They’re planning to switch from proof-of-work to proof-of-
stake and they’ve got a big road ahead of them. We’ve embedded that video in
the written version of this episode. Check it out at eosnation.io. Next up, BOSCore
Interviews Denis Carrière, alongside their DAP incentive program which aims to
support active DAP builders, the boss core team started a series of talks with
experienced builders to shine more light on the process of creating decentralized
applications and smart contracts. For the first episode of these talks, BOScore
community representative Tojo Kaka invited EOS Nations’ CTO Denis Carrière who already has an impressive track record of building groundbreaking smart
contracting tools on the EOSIO such as the EOS Referendum Tally, The BOS WPS
System and the EOS Nation proxy. Among other topics in the article you’ll find
a comparison of centralized versus decentralized applications, what needs to
be considered to increase the success of a dapp and which unique features the BOSCore network has to offer to developers. Next up, our section on decentralized
blockchain applications. First, Effect.AIs’ Rosette Affiliate Program. Just a
few weeks back we learned about the second product from Effect.AI Rosette, a
tool for creating multi-language subtitles for YouTube videos. As part of
a bigger rollout, the team announced an affiliate program, which creates great
opportunities for those that successfully introduce the serve
of Rosette to content creators on YouTube. Currently, the program is in
pre-registration phase and those that sign up early have a chance to become
legacy members which comes with a lot of perks. Find out all about it and check
out the rewards system in the introduction of the program. Rosette is
already live and if you’re a content producer you should check it out to
learn more about the advantages of adding multi-language support to your
video content. Next up, PredIQt’s January Update. The Everipedia/PredIQt team has made it a great habit to give regular updates about their ongoing developments. Through that, they keep their user base engaged and receive valuable feedback. With the launch of user-generated markets and the release of their 2020 roadmap, the month of January was especially exciting for PredIQt. They’ve learned a ton since the launch and made many improvements, such as: Improvements of the PredIQt Telegram Bot Market Creation Fee Change from 20,000 $IQ to 10,000 $IQ
Full $IQ Refunds on Market Rejection and Replacement inactive members PredIQt oracle multi-sig account. A new feature that the team is currently working on is a PredIQt statistics webpage & API showing interesting data like the total amount of $IQ burned, total market volume, number of markets proposed, accepted, active, expired, resolved, and more. Find more PredIQt updates in the full January report. Next up, Prospectors Banking The Prospectors Game, set in the times of the gold rush, is stimulating the growth of an economy from scratch. Since the civilization within the game is growing, so is the economic infrastructure. And as the next logical step, a banking system was introduced. The central function of the new banking system is to provide citizens the service of converting mined Gold into the ‘in-game’ Gold by depositing it on the bank account. Later on, after obtaining a “Banking License” from the Central Bank, this feature will offer users a new career option as they can create private banks to provide different services and earn commissions in the process. But before this option will be available, a Central Bank needs to be built inside the game and this itself is interesting as citizens themselves are needed to take initiative for this first-ever public work project within the Prospectors world.

We’re very excited to learn more about how this all plays out. For those new to Prospectors, Castle Crypto just released an up-to-date review on this exciting game, that took the crypto gaming community by storm. Next up, Scatter’s RIDL Update The Reputation & Identity Layer (RIDL) has been a project the Scatter team has been working on for a while, and after extensive testing, they’ve put together an interesting article to summarize their findings and how they are going to tweak the system to make major improvements. Here are some features of the new RIDL: Users won’t need to manage EOSIO Accounts anymore or spend network resources like RAM, CPU, and NET. RIDL will have frictionless multi-chain support through a new API service, A new RIDL mining system, New actions like “init,” “activate,” “revoke,” and “moveidentity”, Adjustments for the actions “identify” and “repute”, Integration into the Foundation for Interwallet Operability (FIO) Network and more. Besides some really interesting improvements, you’ll also find some great pictures of the UI in the article, as they’ve demonstrated the step by step process of setting up a RIDL identity, which will be re-integrated in the next version of Scatter. Some pictures of the Scatter Mobile prototype were also shared. With all these new features coming, we’re really excited about the new Scatter, as it pushes the envelope in terms of security, interoperability and usability. Next up, our section on
Collaborations, Partnerships and Interoperability First, WordProof Paterners with AIKON. The cooperation between AIKON, mostly known through their digital identity solution ORE ID, and WordProof, known for their time stamping tool to prove the origin of internet content, already started with talks in late 2019. Now it’s official! Both projects will join forces to bring more integrity to the internet. Complementing each other’s products, we’ll see ORE ID being integrated into WordProof so that a Timestamp will not only prove WHEN content was created but also by WHOM. The full integration is expected for April of this year.
Congratulations to both teams! Speaking of WordProof, check out the video of their pitch at Europe’s EIC Horizon Prize on “Blockchains for Social Good“ Finalist’s Day on February 10th, where they competed with 23 other teams for 5 grants of 1 million Euros each. Next up, LiquidApps Supercharged The foundational architecture of the DAPP Network is the dappservices smart contract, which is responsible for managing the network’s staking mechanism, package provisioning, and quotas. Several upgrades to the DAPP Network foundations have been enabled. The dappservices contract now offers: 3rd-party staking, LiquidX, Flexible resource billing, Air-HODL withdrawal. Finally, The Vibrant EOSIO Community. LocalCryptos: Vote for EOS! Dear EOS community, we need your help! LocalCryptos, a P2P exchange with over 100,000 users (do your own research), is running a poll to see which crypto they are adding next, and EOS is competing vs Dash and Litecoin. Show up at the polls, vote for EOS and spread the word! We first heard about the contest on February 10 and at the time EOS was only representing 13% of the votes. We called on the community and many of your responded! A day later, EOS has surged up to 25%! There’s still time to vote so let’s keep it going and lets go EOS! EOS Nation is a top 21 Block Producer on the EOS public network. We earn inflation rewards based on the percentage of tokens staked towards us. Those rewards are reinvested into EOSIO community, tools, and infrastructure. Help grow the ecosystem by staking your vote to eosnationftw for BP or proxying to proxy4nation. Remember, we never accept compensation in exchange for featuring projects in the EOS Hot Sauce. That means if a project is included in the EOS Hot Sauce, it’s because we believe that project brings value to the EOSIO ecosystem and we want our community to know about it!
Are you building an interesting project on EOSIO? We want to hear from you! Reach out to us on social media or email [email protected] Thanks for supporting EOS Nation and for reading this week’s edition of EOS Hot Sauce! Want more spicy updates? Check out some of our recent EOS Hot Sauce episodes! previous episodes you can also find us
on YouTube SoundCloud or your favorite podcast player again don’t forget to
smash that like hit that Bell give us a five star rating and subscribe to the
eos nation newsletter at es nation IO once again I’m your host Daniel keys and
we’ll see you again next week until then let’s keep it spicy