Time goes by too fast... Can anyone slow down the clock?
Last night we finalized a vote with the STaTiC Club Members and I posted a video in the Slack. This was a very important milestone that we reached and it showed how much the community cares about their company and coin: XtraBYtes.
If you wish to watch the video message, I will post it below. In general we have come to an agreement that the STaTiC Owners will redirect 64% of their SHOCK rewards to the XtraBYtes Development Fund from the time the STaTiC chain comes online, until the moment that we start selling STORAGE (our first saleable service). Beyond that point, since we expect revenues to increase steadily, the amount of SHOCK rewards redirected to the Development Fund will be reduced to just over 8%.
In the mean time, anyone who wishes to contribute directly to the Community Fund (this is currently the Development Fund) you can do so by sending your XBY to this address: BLocksFEE4ProofofSignatureXXYF3VQ3
Please watch the video for more details:
https://www.youtube.com/watch?v=R0esBqUXO00In the mean time, Borz and I were having a discussion and he has finally gotten to the point where he was willing to put a tentative date on the Genesis block and he was kind enough to also give us a little MINI-Roadmap.
So, he must be seeing the light at the end of the tunnel now because he is totally against deadlines. So, with that said, lets just hope that everything goes smoothly and he is able to get this completed within the time frame he has give us now.
Here is a general review of his progress:Code cleaning ( progress 80% )
Transaction structure ( progress 60% )
Block structure ( progress 20% )
Genesis block ( progress 0% )
Keep reading... the code cleaning is the problem and you will see the time frame below.---------------- milestone checkpoint here
Blockchain structure
Chord network
---------------- milestone checkpoint here
Connect to old chain
Data conversion
---------------- milestone checkpoint here
Parallel operation of old + new chain
---------------- milestone checkpoint here
Change primary chain order
---------------- milestone checkpoint here
Remove old chain
---------------- milestone checkpoint here
Start new features development...
The first milestone checkpoint ( genesis block ) estimated time is 6-8 days from now.Let's also keep in mind that the most challenging part of this is cleaning and reorganizing the code. Once this occurs he will be able to move much faster. I will try to get more updates from him tomorrow but he finished up this by saying the following:
I successfully compiled the code. This is the first reached milestone of the code cleaning. I removed lot of things like POW mining, target calculation etc... This was very difficult operation because the old system used these subroutines to validate blocks and transactions. Now I started adding the new things that are needed to create the genesis block. This is also very difficult because we need to develop the new transaction and block validation methods.
There is actually much more but I need to make sure I can share this because he gets very deep into what he is doing. I think it will be OK to share at least some of it, but I will verify with him first tomorrow.
So, let's revisit this again tomorrow and I am pretty sure you can hear more.