We started this month of June by putting together an initial grant proposal: on-chain voting protocol. This grant is meant to develop a fundamental component of the Factom decentralized governance as this on-chain protocol will be used for voting subsequent grants, guide elections, amendements of the governance document, etc. It’s also worth noting that this grant is a partnership between 4 entities: the Factoid Authority, Factomatic, MyFactomWallet and Luciap. This grant proposal was submitted to the community and approved without vote against it. The actual payment of grants will happen sometimes in July. Meanwhile we have already started some planning/coordination discussions with the other teams involved in this project. The development for this grant is going to be a big part of what we are going to work on in July.
We released a straightforward web UI where anyone can see details of the identities of the authority set: https://luciap.ca/#/authority-set(if you’ve already seen it you can still have a look and see the new ANOs on-boarded the last few days) This includes in particular the efficiency of each Authority Node Operator together with their payout addresses (past and present). The goal is obviously transparency and with this info it’s fairly easy to analysis if ANOs are sticking to their campaign promises. We did our own analysis of the payout addresses of all ANOs and found that 8/11 haven’t even touched a single FCT. With this data in hands it should be fairly easy to debunk the myth that ANOs are dumping on the market ;).
Factom.js reached version 0.2.3. We got couple of new projects that started relying on it and we are very happy about that.
We extracted the core logic of our tool factom-identity-cli into a standalone NPM package factom-identity-lib which makes it reusable by any other application that would want to deal with Factom identities. This is the package used by our authority set web page for instance. On the way we also fixed a bug that was rounding incorrectly efficiency updates…
Finally, we keep exploring the possibilities of Factom. We reached out to a young French company, NinjaLab, which specialize in cryptographic hardware security (and recently participated in the Ledger CTF) to get their point of view on the potential convergence of blockchain and cryptographic hardware. They were receptive to Factom (they liked the dLoc project) and we’ll try to devise a possible crypto hardware research grant to submit once the grants are open to the public.
LUCIAP was selected among the first 21 Authority Node Operators (ANOs) on April 28th. We set up our mainnet infrastructure over the first two weeks and two of our nodes were onboarded in the authority set on May 19th. In common agreement with other ANOs we all started setting our efficiencies and coinbase addresses on May 29th. So May 2018 was the month it all started for LUCIAP.
Following our selection, we also had some administrative work to get us started. We were fortunate to find a lawyer versed in cryptocurrency and practicing in Canada, where we are located. But honestly all of this is not tremendously interesting 😊
We developed the tool that was used by Authority Node Operators to set their efficiency and coinbase address. Those are steps necessary for the ANOs to receive their compensation in FCT. Factom Inc. untrusted us with this task so it alleviated some of the work they had to do during the M3 launch. We integrated an offline mode in this tool that allows users to set their efficiency and coinbase address in the most secure environment (so that the private keys of their identities can’t leak).
We extended our factom-testnet-monitoring tool to allow to compute aggregated metrics about Factom blockchain. That was some work related to our involvement in the Testnet monitoring working group. This was requested by the Testnet Admin to add metrics to his monthly report. Please note that the tool and script can actually be run against mainnet blockchain…
We were involved in multiple (mostly technical) discussions on the Factomize forum:
LUCIAP Factom identities
LUCIAP Factom identities of our authority nodes are:
As of today, the efficiency of both nodes is set to 50% in accordance with our campaigning document. Also, our two FCT payout addresses are: FA3F2aHx5hjmFpx1ySZeJgZHCzp1apg5rFfkvkgiKkq83Zrc95qv and FA2JS2Qdn5X2xYiM3xuu9hEJQEMBsVrCQsD7iSFR3kS6TvZvJyAu. All of this is publicly auditable directly in Factom blockchain.