RChain July 16th Newsletter | Casper Proof of Stake is coming!

Newsletter Archive

 Casper PoS. The pieces play the game

Very soon we will see Ethereum beginning their transition from their Proof of Work consensus protocol, to the Proof of Stake verzion with Casper. 

Casper is an economic consensus protocol that makes validators lock in coins as collateral and wager on the outcomes for the blockchain in a way that makes gaming the system very expensive.

This is huge milestone for the ecosystem because Casper has been in R&D for over two years now. If the experiment proves to be beneficial, it will mark the beginning of the next generation of decentralized applications.

Greg Meredith, founder of RChain, continually collaborates with Vlad, Vitalik, Karl and others on the Casper research, which you can watch them discuss every Monday at 7AM (PDT) live. 

 

“We can do better with deep learning. Consensus plays an important part in that” - Greg Meredith

RChain will use a Proof of Stake(Casper variant) immediately in it's platform release, Mercury. Progess is being made daily on the Rholang Casper contracts.

In the latest RChain Debrief, Greg outlined a proposal for a Casper test framework, it's gamification with the use of Chess and Go, and a community bounty program to be launched as soon as the Rholang Casper contracts are committed to github.

Below are the links to the timestamps of the presentation.

Greg presents Casper test framework - document reference

Are you interested in helping test Casper’s implementation on the RChain platform? Join the slack to stay updated. 

Latest Community Debriefs

Every Wednesday the team joins in a hangout that streams to RChain’s youtube channel.

Below are timestamps with accompaning documents from the last “RChain Debrief” hangouts that are held every Wednesday at 11AM (PDT)

July 12th

 - Introduction: Berlin Updates

 - Technical Updates | Token contract is compiling!

 - Rholang.org

 - Ed's updates on the RChain Holdings company

 - Greg address Jim Whitescarver’s comments on Casper

 - Greg presents ideas around Casper Test Framework

 

*The book Out of Control mentioned by Greg, is available for download on Kevin Kelly’s websiteThis is the talk mentioned by Joe Denman, The Four Pillars of a Decentralized Society.


July 5th

 - Introduction - Overview of Updates

 - Kent's updates on the token.rho contract

 - Joe's updates on the pricing model

 - Mike's updates on the laddle algorithm papers

 - Organizational updates continued

 - Private sale discussion

 - Dicussion around re-write systems and it's impact on platforms

In Other News

Alex Bulkin, co-founder of Coinfund and Advisor to the project, wrote a compelling article “Platform currencies may soon be obsolete” which highlights a potential shift in the current industry trends because of the correct-by-construction approach of Casper as it applies to re-write systems.

Kit Blake, one of RChain’s most active non-developer activists curated and drafted an FAQ that will soon be published to offical RChain channels. That is the first draft so feel free to add suggestions to it, because smart people ask great questions.

The token contract compiles and runs in Rosette. A great step forward from Kent and the team. They have begun working on Rholang.org for anyone who is interested in testing Rholang code. Still rough around the edges so use at your own risk!

Lisa has now been engaged with the co-op for finance operations and has already worked with Ed and HJ on projections and financial roadmaps.

Ed and Nathan have begun the branding documentation that will ultimately result in the REV token branding and RChain’s Mercury Release brand and messaging. The iterations of RChain’s branding and messaging are open, lively and evolving. As was the goal from the beginning. Your feedback is welcome.

The activist community have continued to work on github as well as experimenting with Mattermost for optimal communications, frameworks and workflows. The activist meetings occur at 10:00 AM (PDT) on Wednesdays, one hour before the debriefing session.

Lastly, there are still spots left for the core development team. RChain is looking for highly skilled computer scientists to develop multiple aspects of a platform that, quite possiblly, will manage many trillions of dollars in value across all of space.


More Information

Join the conversation on slack.rchain.coop.

Collaborators are most welcome on Github/rchain/members.

Keep engaged in the conversations around cooperative activisim every Wednesday at 10AM(PDT) before the community debrief. 

Cheers!

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