July was a month full of growth! In this newsletter you’ll find our network statistics, developer updates, community, economic & governance updates, news, and finally a wall of tweets in which we highlight this month’s amazing tweets by the community!📈 Network Heartbeat 🩺Throughout July, blockchain applications using the Pocket Gateway have driven a total of ~207.1 million requests. All of which were successfully processed by the network.In this timeframe, that means nodes have minted a total of 2.07M POKT, with 89% going to the service nodes (1.84M POKT), 10% going to the Pocket DAO (207.1K POKT), and 1% going to the block producers (20.7K POKT).At the time of writing this, there are 4,374 staked nodes in Pocket Network.Refresh of Weekly Relay Recap #33
07/01 to 07/07: 19,659,68507/08 to 07/14: 35,810,27507/15 to 07/21: 47,913,88407/22 to 07/28: 77,806,047
AVG Relays per DAY (in MAY): 5,474,895AVG Relays per DAY (in JUNE): 4,355,167AVG Relays per DAY (in JULY): 6,681,276
AVG Relays per Week (in MAY): 38,324,267AVG Relays per Week (in JUNE): 29,502,746AVG Relays per Week (in JULY): 51,779,890
Total Successful Relays in MAY: 169,721,755Total Successful Relays in JUNE: 130,655,021Total Successful Relays in JULY: 207,119,561For the last week of July, node operators served 77.8M relays from blockchain applications. That means they generated 778.0K POKT with 89% going towards the service nodes (692.4K POKT), 10% going towards the Pocket DAO (77.80k POKT), and 1% going towards the block producers (7.78K POKT).Highest Relay Day in MAY: 6,722,197 (MAY 28th)Highest Relay Day in JUNE: 6,561,442 (JUNE 10th)Highest Relay Day in JULY: 16,062,953 (JULY 23rd)The number of active validator nodes is currently at 4,374. With 1,200 validator nodes in jail that are expected to be active again in the near future. With that, there’s 87.5M POKT staked on active validator nodes and 83M POKT staked on jailed validator nodes.If you’re new to running a node or you’re looking to get started with a node, then learn more here.
Chain Halt Post-MortemIn case you’ve missed it, on June 30th, 2021, the Pocket Network blockchain halted due to a number of different factors.It's important to note that no applications lost service during this event because our Portal automatically switches to "alturism mode" if a problem is identified.There was a bug in RC-0.6.3 through RC-0.6.3.2 which caused the signing info to be deleted when edit stake transactions were submitted while out of jail, both preventing the nodes from signing blocks and preventing the jailing of non-signing blocks. This bug was not present in mainnet until the edit stake feature was activated when the consensus rule change of PIP-4 took place.The final resolution of the halt was achieved with a combination of measures: The deployment of a code change in 6.3.3 that avoids the loss of signature information Ensuring deterministic proposer selection by removing last CommitInfo A servicing fix where the session generation algorithm was using the legacy selection mechanismIf you’re interested in learning more about the Chain Halt complications, fix, and/or FAQs, check out the post-mortem forum thread: https://forum.pokt.network/t/chain-halt-post-mortem-qa-enhancements/1067
All-hands Community Call RecapLast week, various members tuned in on Discord for the all-hands community call.During this call, the following items were focused on:
Missed the call? No problem! We’ll provide a recap on our forum shortly.If you have additional comments or feedback, feel free to add a comment to this forum thread.Governance UpdatesJuly was a month full of amazing developments and updates. The community (and DAO) participated actively on our forum and Discord channel.There haven’t been any new proposals that could be voted for, or passed. The most recent proposal to pass was PIP-6.2: Settlers of New Chains.We’d love to remind you of the POKT Arcade though! We’ve been seeing an increasing interest in completing quests to earn a DAO vote, and we’d love to welcome you to participate if you’re interested!This would enable you to not only make your voice heard even more, but also to have an actual vote in all proposals.We’re excited to announce we’ve now got our first community generated ‘’Savant’’. Mentioned in last month’s newsletter, a Savant is an elite level developer who has contributed to many different aspects of the community. Congratulations to ChrisOG, you’ve earned it!In addition our Governance lead Jack, joined other leads from the likes of Sushi, Yearn, and BanklessDAO to during the "Fair Launch Summit" put on by fellow alchemists.https://www.youtube.com/watch?v=1KqxvJnNRWg
The Pocket team has made advancements in the wPOKT bridge project. This is final component to wPOKT since the completion of the application and smart contracts earlier this summer. A lot of team resources has been dedicated to pursuing and reviewing contractor proposals from qualified entities.Good progress is being made and more information on this will follow shortly.
Settlers of New Chains is Live!With Settlers of New Chains now live, Pocket Network entered a phase that has been long-awaited. We now went multi-chain and already support multiple blockchains, with more to follow!The currently supported blockchains are:
The team is currently making preparations to also support Polygon Archival (000B) and Fuse Archival (000A), which is planned for next week (4th of August).For a live full overview of all supported blockchains, navigate to https://docs.pokt.network/home/resources/references/supported-blockchains at any time.Note: For any blockchain, please do not add them to your ‘pocket node stake’ until you have ensured your node is working correctly. Otherwise your Pocket node will be slashed.If you are a Node who wants to start earning revenue from any of these chains, head to the #node-runner Discord channel for help getting started.The Pocket Portal is here!Besides Settlers of new Chains, the Pocket Portal is now live!For all details, check out our official announcement.The Pocket Portal is an open-source front-end for accessing decentralized infrastructure via Pocket Network. Available for every blockchain that Pocket supports (mentioned above).We want to do Web3 right, and with that make it as easy as possible for developers to switch over their applications to our decentralized infra. Therefore, developers that choose to migrate their application to our network can (temporarily) sign up for a free tier.This free tier offers you:
We’re excited to have seen various developers already take advantage of this, and would love to welcome you. If you have any questions or comments regarding this, feel free to check out our FAQ or join us on Discord.Fuse, the fastest growing platform on Pocket Network!Since the release of “Settlers of New Chains” a DAO led process for onboarding new blockchains into the network, Fuse has been the fastest growing platform to date!Fuse is a PoS blockchain platform we've been working closely together with since February, and now, we are excited to formally announce Fuse will be using Pocket (the protocol) as a primary infrastructure provider for its ecosystem!Learn more about the collaboration, why you should love Fuse, and how to get involved in our official announcement: https://www.blog.pokt.network/fuse_on_pocket_network/https://www.youtube.com/watch?v=sSg8QWgR_T8
Join us, and make sure to RSVP!👉https://t.co/puwZxm9y69The event will be live-streamed for those that cannot make it to Paris🥖 pic.twitter.com/lm0l6J8L7x— SkillZ (@SkillZBlock) July 7, 2021
— Adam Liposky (@AdamLiposky) July 12, 2021
— YAP Global (@YAPGlobalTeam) July 13, 2021
🚨 New Episode Alert 🚨
My guest today is @o_rourke, Founder of the @POKTnetworkTopics:▪️Node and Infrastructure Nuances▪️How Pocket incentivizes people to run full nodes▪️The role nodes play in decentralizing a protocol▪️Much More🙏 @kava_labs @shopping_io pic.twitter.com/KlorskJ4RR— Charlie Shrem (@CharlieShrem) July 15, 2021
Learn how to set it up while waiting for round 3 of v0.6 to kick-off➡️ https://t.co/eXGcWHY7BS— xDai (@xdaichain) July 15, 2021
— Tellor (@WeAreTellor) July 20, 2021
@o_rourke preaching the truth to kickstart this conf 💪
but yeah... this shit is actually fuckin hard pic.twitter.com/MiiMCVEn8h— Pierre Atka | Mangrove Aligator (@plaurent789) July 20, 2021
v0.7.0 has been released! More chains for @POKTnetwork validators!
✅ @avalancheavax , @xdaichain , and @BinanceChain node updates.✅ Connect to remote $ETH nodes.✅ FUSE nodes are now supported!Glad to have you aboard @Fuse_network! ✈️Update now: https://t.co/s28SraJHT1 pic.twitter.com/9VfzhY890b— Node Pilot (@nodepilot) July 21, 2021
— Bertrand Juglas (@bjuglas) July 27, 2021