Welcome, avid followers of the new Smart Web. Elastos Orchard recently released new proposals. Elastos Foundation made a statement concerning multisig DPoS Supernode Registration. Huobi Pool announced rewards for its ELA merged mining, Elastos Philippines continues to move forward at a strong and steady pace, the ELAlliance has provided a new tool for organizing and coordinating voting, and there’s a new Telegram channel for the CR Press team.
Elastos Orchard is one of the funded proposals of new CR Consensus. They are an established team of CR members in Europe looking to introduce and convert businesses toward Elastos technology. Recently, they’ve released three specific proposals. One is related to an event called UNESCO. Another is geared towards increasing journalism and social media in the region. The latest proposal is to increase the number of Carriers and DIDs in Europe. Read more about the proposals in our included segment.
Elastos Foundation will not be supporting multisig DPoS Supernode registration as in this statement: https://news.elastos.org/elastos-foundation-statement-regarding-dpos-multi-sig-supernode-registration/
While this is disappointing to several pools, Elastos Foundation encourages participants to find alternative means of registering their nodes under a single private key.
Huobi Exchange announced that BTC and BCH miners would receive ELA through merged mining from May 6th (https://www.huobipool.com/pos/announcement/cg). BTC mining has fully supported “Triple Mining,” meaning that miners can receive BTC, ELA and HPT (Huobi Pool Token) at the same time. Any questions please refer to Huobi Pool’s Wechat at huobipool03.
The ELA Alliance have introduced a new matching program. If a Supernode with 1,000 ELA participates in the ELA Alliance Matching program, the Supernode will receive 1,000 votes from 36 nodes, totalling to 36,000 votes. Participating in this matching program does not mean you join forces with the ELA Alliance. It will be interesting to see if this program catches on and how it will affect the DPoS standings amongst prospective Supernodes in the election.
The Elastos Core team recently released its latest updates this week. Highlights include Feng Han speaking at the Xian Community exchange meeting and presenting his lecture on Golden Finance. Next week the Elastos Foundation will have a booth at the University of California-Irvine to connect with students and blockchain ventures. Elastos founder Rong Chen will be attending the UNESCO conference in Paris, France at the end of the month. Please check out the technical updates on Carrier, Hive, Trinity and more!
There’s a new CR Press Announcement channel. Please tune into this Telegram channel for any breaking CR News https://t.me/CRPressOfficial. More and more articles will be released through our website, even if they don’t appear in our weekly updates. We are always looking out for contributions. Any article related to cryptocurrency, Elastos and the CR, is considered.
A recent example of what we might publish is that after Coincenter, a Washington, D.C. based organization that supports decentralized blockchain projects, posted the video of Congressman Brad Sherman calling for a ban of all Cryptocurrencies–CR Press wrote an article on this topic for our website. You can check it out here: https://news.cyberrepublic.org/usandbitcoin/
-By Jeremy G.
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Please refer to the timeline described on this article for more info: https://blog.cyberrepublic.org/2018/12/27/important-cyber-republic-announcement
Note: If you are a developer interested in working with the CR or Elastos, here’s a form you can fill out: https://goo.gl/forms/pvzDYMsVEs10s6U72
Last week we introduced some tools ELAlliance is offering: https://news.cyberrepublic.org/weekly-report-may-6th-2019/. The website now has another tool that node candidates can utilize to optimize their election strategies–a node voting coordination tool. This tool essentially builds mini-alliances where nodes commit to sharing their votes amongst each other in an equally weighted manner.
It is open to all community nodes as its primary goal is to unite nodes that do not hold large amounts of ELA (compared to whales).
Coordinated voting is voluntary and the platform does not require a node to use their available votes. A platform member can define how many votes they want to use to participate in the coordination of voting, and the platform will match other nodes that can give out the same number of votes. For instance, if a node has 3K ELA for voting and wants to use only 2K ELA for coordinated voting, it can simply put 2K as a parameter in the platform and it will match other nodes that would also vote 2K ELA back to the node. This allows the node to have the freedom to use the remainder of the 1K ELA for other purposes without commitment.
In this regard, the platform offers flexibility to its participants, and nodes have more specific control of their votes. The platform will not rule out a node’s eligibility to participate due to its affiliation to any alliances. In fact, the platform is a separate entity from ELAlliance and a node joining the platform has no association with the membership of ELAlliance. The platform is open, and it is a public tool.
There is no maximum to the number of nodes that can join the platform. Let’s say there are 50 nodes that join the platform. If 30 of them want to participate with 3K ELA and the other 20 with 1K ELA, the platform will match the nodes and generate two groups, one requiring the 30 members to vote 3K for one another, and the other 20 to vote 1K.
Another feature of the platform is to set the minimum threshold for coordinated voting. The lower the threshold, the more likely a node will receive votes from others. For example, if a node has 10K ELA to vote, that node can set the minimum ELA threshold as (1) 10K, or (2) 1K. For (1), he will be matched with nodes which can vote 10K for one another. There might only be 5 other nodes able to offer such amount. For (2), he may be matched in 3 groups of 3K, 3K, and 4K, each group with more than 10 nodes. That might give more return votes for the same 10K ELA committed. This maximizes his return as it depends on how many other nodes are available.
The platform will show how each node should vote for one other, and there is a monitoring system to minimize the risk of noncompliance. Noncompliance will be shown in the website and they will be warned and ruled out once being reported. Here are some screenshots of the system:
The platform is now online and community members can check it out at: http://www.elalliance.net/poll/login?lang=en_US.