Tue. Jul 27th, 2021

    Due to the increased interest in the blitz version, we publish the full text version of the AMA session.

    Introduction: congratulations to the contest winners, consideration of the partnership project “Free TON Partnering Guide”

    Ron Millow welcomes the audience and congratulates the winners of the latest contests. He reports that in the coming days, tokens will be distributed among those who won the landing page design competition, as well as the essay competition.

    Then he proposes to go through the “Free TON Partnering Guide” project, which is posted for discussion on the forum in the Partnership section. The project considers who can be a partner and the main points that should be followed in this direction. 

    Ron reads out the main points of the Guide and goes into more detail on point C. He notes that this is a very important point, as it mentions the need for company representatives to have confirmation of their status from authority figures.

    Ron also reminds us that the Guide is on the forum and invites everyone to come in and leave comments. Suggests not to write huge texts, but to indicate whether they agree or not, and what the proposals are. What has already been written can be discussed and changed.

    Development of Governance 2.0: Main Features and Plans for the Future

    Ron invites colleagues to talk about voting in Governance. One of them notes that the DGO group, which is responsible for the development and promotion of the new version, contributed significantly and accelerated the entire process. The first jury contest has already taken place. In addition, there will be a competition for the Governance 2.0 specification. Anyone can make suggestions. One of the participants hopes that during the period of submission of applications for the specification, subsequent discussion and jury voting, the list of necessary elements will be finalized.

    The voting procedure is described. It is mentioned that there is DOD with SMV voting. Token holders must vote and must use an SMV-contract. By the way, there will also be a contest for this contract. Maybe someone wants to write an SMV contract in another language. For example, implementation in C ++ is possible. Therefore, if you want to contribute, you are welcome.

    Some details of the voting mechanism are explained. SMV is a contract that counts tokens. It has been improved so that stakes are used for voting. For example, all free tokens can be staked using DePools. It should be remembered that locked stakes do not participate in voting. There is a transfer method and you can make a transfer to SMV Smart Contract. SMV gives you tokens in return that can be used in voting. They can be used to vote for multiple proposals in a row until you are finished and decide to get your stake back. You return your tokens to SMV. This will unlock your stake and return it to you. And you can keep getting the DePool staking reward.

    It is emphasized that all this was only recently written and has not yet been tested. The idea is to automate the process and improve the things that aren’t good enough at the moment. There are still problems, for example, with the jury voting. All this should be taken into account in Governance 2.0. It is necessary to significantly improve the voting of the jury: both their participation and their responsibility. This will help create a meritocratic algorithmic society. To achieve the goal to which we are all going – a decentralized meritocratic society. There is already a good base in the form of DGOSubGovernance developments. Now we need to get feedback and involve the community in the process.

    Questions about the release dates and development of FreeTON

    It is reminded that there is a roadmap outlining the stages. As a result, we have a fully functioning system. Participants express the opinion that the entire success of the Free TON blockchain depends on the successful adaptation of Governance 2.0. This is a priority, so every effort is made to speed up the development process.

    Questions about decentralization and migration to version 2.0 

    It is believed that when the jury is able to split into groups, they will move to version 2.0. In addition, when everything is officially checked and debugged, then the new version of governance will allow us to get rid of the control of initial validators – and this is the point that can be called the beginning of full decentralization. Until then, there is no full decentralization.

    The transition to the new version will be gradual. Some things will be moved by the end of the year, and some contests will be held there.

    News from the Mexican Community Group

    The achievements of the Mexican group were announced, For example, the Memorandum that was discussed last time was posted. The group has many development plans. They are going to post their version of SubGovernance on the forum. A community representative emphasizes that they want FreeTON to be able to achieve full decentralization. They are trying to help with this. In addition, a new member was introduced to help translate information resources for non-English speaking members.

    Human Factors Issue in Jury Voting

    The participants of the meeting, answering the question about where to complain about the inadequate voting of the jury, discussed the problem of the human factor and its solution using the automation of the process. On the one hand, it was noted that community feedback is important to improve the voting process, which, for example, will help to develop a mechanism for removing irresponsible judges. On the other hand, it should be remembered that the diversity of approaches and opinions is a sign of freedom and a key feature of the free space of the Free TON blockchain.

    Full version of FreeTON Weekly Meetup №25

    1
    0

    Leave a Reply

    Your email address will not be published. Required fields are marked *