S2E14 | TranscriptÂ
Roman: 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. The recording will be available as usual in several hours after the end of the news episode. So let's get started.
Roman: [00:02:03] Yeah. And also, we have one more news regarding the bug bounty. And it's not very good news because due to the market situation, current market situation, we can't afford to pay a good valuable rewards for bug bounties and we have to stop the payments. So this payment will be the last one and when the market will get better, we will revive this practice to send the rewards. And but now if you have something to share or you found back, please feel free to share it with us. We won't forget you. We will fix everything. And when the market will be better, we will reward you. So search. Maybe you could add something in this part of news.
Serge: [00:03:16] Um, and I think not maybe just this is not an easy time in terms of market state of the market. So we need to go, go through it. So, yeah.
Roman: [00:03:47] Yeah. And let's move forward to the next news. And it's about the PWA and progress here.
Serge: [00:04:02] So now the main main focus, main goal for work on PWA is to investigate reports from users about some bugs who may be unclear, just unclear behavior to understand Is there any problem or maybe not. For example, we Investigate cases when several addresses with similar stakes receive for different rewards in a consistent manner over time, like a week. So we're trying to figure out if there are any PWA reason behind that, or maybe it is other reasons. So also we double check our fixes on some stability issues. I think that we can say about it that the reports were from not the latest version. So I guess the latest version is free from like crashes. Um, and also. There were reports on. With biometric authentication. We also check if it is correct on the current iOS build of PWA. I think. I think that's all.
Roman: [00:06:05] Yes. Thank you, Serge. And we received a lot of questions. And let's move to the question part.
"And the first one is about the resources for marketing and answer that. We are working on it now. We don't have enough resources for really big and complicated marketing program, but we will solve this problem soon, I guess"
"We are small project, but we are willing to support you. Could you please explain how your validation process works and how, who knows, play a role in it?"
Serge: [00:06:53] So I will start from the last part of the question about the role of full nodes. So the full node, its main idea is just to have a blockchain history and to validate it. So if the full node manages to sync blocks, it means that it's just to check information that we provide in our blockchain explorer. So the idea that of decentralization, that any participant may download the whole copy of any blockchain and to validate all transactions, all smart contract calls. So that is the purpose of the full node. So it has a side feature that you can run on own instance of a blockchain explorer, but it is quite resource hungry. So. But. But it is possible, yes. So about the validation process, I think there are a lot of insights about our triple algorithm Trinity with PoW/PoS/PoA kind of nodes. So maybe you can ask more like focus your interest because is many aspects to cover the general question. So but you can check our guides.
Roman: [00:08:53] We will send the link to guides when we will post the transcription of our episode.
LINK: https://guides.enecuum.com/faq.html
Serge: [00:09:03] And also you can start with our test public testnet code BIT where you can run all kind of nodes to check how it behaves and experience the whole idea of Enecuum
Roman: [00:09:26] Yeah. Thank you for your answer. And let's move for the next question.
How does Enecuum ensure that its operations continue to run smoothly in absence of zero? And there are other key leaders with the organization who can take over leadership temporarily
So first of all, we our CEO is not absent. Mike is working hard to find the funds for Trinity 3.0 and new projects and so on and so on. And in this case, I guess the first part is not connecting to the first part of the question. It's not about us maybe, and about other key leaders. So we are really small team and all of us do guess practically all kind of roles and combine it from time to time. Serge maybe you add something?
Serge: [00:10:41] Yeah. So it's interesting why this this question is asked because yes, I didn't heard any kind of CEO. But anyway, this the our small team kind of thing it has own consequences. So yes, we are all very dependent on personality of each member of the team because it is small. So, sure, if any change in our staff may affect how. How a project will evolve. So that is why it is important to make the accent on our development towards open source and governance because It should not be like one person or, I don't know, five person kind of thing. Yeah, but we made some steps towards this and I think it's great.
Roman: [00:12:13] Yes. Let's move to the next question.
"Enecuum plans to hold events in Colombia. And I'm small investor but I like project since they taught me and I fell in love and investing little by little"
Thank you very much and we will have events in Colombia so we will announce it later. And Rafael will file will share all the details.
Let's move to the next question.
"And what is Enecuum marketing strategy to increase adoption of the of its blockchain technology? And how do you plan to reach your target audience and increase your user base?"
First of all, we are looking to the great update of our Protocol Trinity 3.0 with cool use cases and with very cool adoption for current market and guess it will bring us users and not only common users, but companies who will use our features. Serge, maybe a couple of words.
Roman: [00:13:45] Now then let's move to the next question. And Ambassador Rafael told us in an event about the system to make payments in physical stores when it will be ready in the platform or in the app because an external link is not convenient.
Serge: [00:14:13] So some time ago, we very actively moved towards the payments in physical stores. We had several partnerships, but now. So all those all those projects, they were blocked by some kind of regulators. The legislation updates and so on. So it is very resource hungry work. So for now, we don't have enough resources to move this this topic, but it could be done like from independent companies and one of such company operates in Europe. But so maybe they will do some like payment provider in Columbia. It depends mostly on the popularity of the coin. I think it with some level of adoption, the it will bring interest enough interest for payment providers to support it. I think something like this for now.
Roman: [00:16:06] Yeah. And we have plans to improve our invoice system now. It's available only in the test network. And as I said, we don't have enough resources to finish all the stuff we have to finish and fast. And in this case, the this system is still available in BIT, but we have plans to finalize it and finish and improve. But we can't commit on direct time when we will finish it. So and yes, if you really interested in this kind of in advance system, contact me and we will discuss. Maybe you could finalize it as the project by yourself, by your team.
Serge: [00:17:00] I want to add that we never tried in Latin America we made partnerships with payment systems in Europe and in Singapore. So maybe it may be a different story. But for now, we don't have plans, but we are open for incoming suggestions, opportunities. So let's.
Roman: [00:17:30] Yeah. Now let's move to the next question.
"I'm very happy with the project and I'm from any community in Spanish reading"
So yes. Thank you Michael to the team in general. They're doing well even though we have we have a lag with the launch of the bridge. But they have explained the reasons and that leads us. Thank you for this
"And what benefits do I get if I buy ENQ?"
So very, very popular question. And yes, we are super on the value project. We can't make any financial advice, but just do your own research before buying something.
Serge: [00:18:25] Maybe this a question about the utility of tokens. So it is used for transactions like Ethereum, also for some smart, smart contract calls. So in current implementation of smart contracts, it is the same. So we don't have any extra fees for smart contract calling. But these values can be changed via governance process in future might have additional value and that's the main thing. So maybe there's some additional points described in our web resources. But the main the main utilities, it's like a mean of payment and the blood of the blockchain.
Roman: [00:19:21] Yeah, I'll think so. Move. Let's move to the next question.
"I don't like to use Kucoin to buy or sell my anything. I'm a prooving, so we will have listings in the future"
So we will add some new exchanges and also when the bridge will be launched, we will create a liquidity pool on uniswap and you can use it.
Serge: [00:19:54] Let's you already have other exchanges. So it is possible to avoid the coin, but it may be not not great for big volumes.
Roman: [00:20:07] Yeah, yeah. Especially regarding liquidity.
Serge: [00:20:11] And also you Can try to find the OTC. I think it feels. But I don't know if we have some kind of protection for such kind of deals in not not ready to to answer this, but after the bridge launch it is definitely available in for a ETH networks. That you can use some kind of smart contracts like escrow third party that assure that the we some trade will be will be possible.
Roman: [00:21:05] Yeah. No, thank you, sir. And the last question that
"I'm from Peru. I met Enecuum by recommendation. What benefits will we have in one year? Because I added and $0.05"
So we're trying to do our best to add you adoption to deliver all the features we promised and to create Trinity 3.0 as really cool. Feature or not feature, but really cool product to the market. Serge,Maybe you could add something in this case.
Serge: [00:21:54] I think the whole the all our user some Information about what what's what are you getting for your investment, so also we have a series of publications about plans for future. So is it in medium? Yes. Like this detailed description of our roadmap process so you can read about our goals and here you can listen about our made that we have made.
Roman: [00:22:43] Yeah. Thank you, Serge. And that's all the questions.
Serge: [00:22:48] Ssory, Maybe if you look the last question, if you're looking for some inspiration about how how this how our work will bring to success. So, yes, we believe that our work will be adopted by the market and it will be huge. So, yes, but current state, unfortunately, it is not. Not $0.05.
Roman: [00:23:22] Yeah. So thank you, Serge. Thank you for your community, for your questions, and have a great weekend. See you next week. Bye bye.
Serge: [00:23:37] Bye bye. Thank you. Thank you for kind words.