S2E18 | Transcript
Roman: [00:00:02] Hello everyone, and welcome to the News Digest. We are expected to share with you the latest developments news and events that have taken place with our team and project over the past week.
As a short reminder: you can ask your question in several ways by raising your hand in the Q&A sections in the voice chat, writing your questions in the Telegram chat or submitting it through the Google form. And let's get started.
First of all, let's start with mobile development. And here we are pleased to announce that we're adding a PWA application to the play store and now it's under validation on the Google side. So Serge please, say a couple of words about it.
Serge: [00:00:39] Technically. Status of Google review is negative. Uh. But it is not for PWA mining. It is because of privacy policy. That collecting Google do not like how it is described in our application form. It is rather strange because we use only Google services to collect data, but it is how it is. So I hope we will fix some things and hope that PWA will appear on the Play Store
Roman: [00:01:56] Now let's move on and let's talk about the bridge. And now we are practically everything on Enecuum site. However, we have encountered a minor back on the room and the room like network size. So rest assured, our team is actually working to resolve this issue and we expect to fix it soon. Serge please. Said a couple of words about it.
Serge: [00:02:26] And so three, three weeks ago, we started deploying our final version of the bridge to Final tests. So first week we updated the Bit network. Second week we updated the Ethereum based network, including BnB Smart chain Testnet in. But so we hoped that last week we will present you the whole bridge to suit. But unfortunately, we encountered issues with transaction handling between Ethereum networks and currently we are investigating and trying to resolve this issue. Um, so that is the status of the bridge deployment
Roman: [00:03:36] Yeah. Thank you. And I would like to tell, say one more time that we appreciate your patience and understanding during this difficult time for our team. And thank you very much for your patience. And let's move on. And the next news is about temporary first block frequency and he fully investigated the matter and find a potential problem which we have successfully eliminated. And currently we are closely monitoring network to ensure the performance and everything is okay, but look like everything is fine. So Serge please tell us more about it.
Serge: [00:04:22] Well, unfortunately, I didn't hear you. Well, so in case it's not only for me, but for the recording also, I will repeat that you spoke about updated mining procedure in ENQ main network to fix a long time, occasional a long time between blocks. And the reason was in handling of custom token mining with with slots. So when there were. Uh, the threshold to receive a mining slot was higher and less mining tokens. The issue were not observable, but it was from the beginning. But now with lowered stake to have a fixed guaranteed mining slot, we started to achieve these stoppages or longer time between blocks. So we figured out that. Uh, it was because of waiting for custom token miners that are connected as miners, but do not respond to node for signing microblogs. So when Mining of Enecuum, uh, happens there a lot of miners. And if some miners do not respond, then other miner takes its place. But in case of mining custom tokens, there are some tokens with a little small number of miners. In this case, it can happen that no, not a single miner responds to a PoS node and in this case, stoppage happens. So we modified the algoritm be waiting more than. Uh, time between allow time between blocks. So this fix happened? I think. Two, two weeks ago. We just waited to check to see that this actually happens. So now we can tell that it was a successful fix. Yeah. Thank you. Sorry for long and technical details. Yeah.
Roman: [00:07:52] Thank you, Serge. And let's move to the next use. And it's about the dVRF. And here we went from theoretical part to practice. So again your word. And one more time, please tell us more about it.
Serge: [00:08:13] So we spoke about it previously and our recent news. I think it was about publishing of our article on conference. So, but we, um, all the, all the time we mentioned dVRF not our goal. It was just, um, like a point of, um, competing with the current randomness solutions like top in the market from chainlink Chainlink's implementation of DRF. But now we look that there is no easy and quick way to implement 2.0 algorithm that is much more complicated that uh, the or VRF. So we decided to go from theoretical aspects into practical and make it possibly make it a new product and new add new utility, additional utility for Enecuum miners, uh, utility to perform, uh, verifiable randomness generation for Ethereum, Ethereum like networks, EVM networks, like Ethereum, Polygon, Binance Smart Chain. So we moved from February 2nd to Practical Plane and started development. So I think it will be some like small and easy to implement version because we have different approaches how dVRF may work on top of Enecuumnetwork. So it might be PWAbased, it might be PWAbased, which is maybe more interesting for phone or mobile device users, but it is more complicated. So I think we will start with the PoS dVRF implementation and hope it will bring attention. It would be like useful. And then we will see how it it might be developed. And improved, for example, adding PWA miner to the randomness generation also. Yeah it. Happened also. Long, long. Just description. Okay, let's. Let's go.
Roman: [00:11:48] Yeah. And we have the last news. It's about. It's not about development. It's about business. And here we are currently in negotiations with the smartphone manufacturer to explore opportunities for implementing ENQ technologies on their devices. And it's really it's really cool, first of all, and we are working with these guys for a quite long period of time, but now we move to the active phase of negotiations and it will bring very cool use case for our ecosystem, for our network Serge, please.
Serge: [00:12:30] It is still in the negotiation phase, but we like step by step, we are moving further and it might be very, very interesting. Uh, might bring interesting results. So I don't know what to say, actually so contact from Michael found during one of the conference meetings. Uh, business contact of a smartphone manufacturing company that, uh, developing cell phone with integrated blockchain. So there are many. He with integrated smartphone , with integrated various crypto wallets, but uh, uh, products with dedicated blockchain. So there were some attempts to create one of them. We already negotiated and even made kind of partnership. It was Pundi X and their, uh, dedicated smartphone. But um, unfortunately they, our ways, uh, diverged, uh, and the various reasons to stop this project. So there were quite a long time with no interest in such All phones, but now it is like a new new start with a new understanding of market of users. And it can be it can bring different results. So I think that approach from this this company is very, very practical and I think it might bring success to them and for Enecuum it will bring. More attention and possibly we will we can make partnership in terms of pre-installed Enecuum apps on those phones. So let's see. It might be also might also bring new users. It will be just like our technology implemented in a separate product, like additional trust in our technology. Yeah. Thank you.
Roman: [00:15:55] Thank you, Serge. And we will keep you informed as these negotiation on this negotiation process and on updates in this field too. We had one question about the price target from our community, and it's really difficult to set any price target now, especially on such a volatile market as crypto. We will what we hope for our price performance would make our community happy. So let's see. I can't see into our news digest. The recording of this episode will be available in a couple of hours. Stay tuned for more updates. Have a great weekend. Thank you for your comments.