Progress Report Nov 29-Dec 6
Key points:
- Recap: AMA with Dani, the COO of REI Network about The Hard Fork of REI Network — Better PoS
- REI DAO Proposal #5 — “Better POS” Hard Fork: Greatly Improved EVM Performance and Optimized On-chain Mechanism was passed
A. Product Development Progress
REI-CORE
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REI2.0.0 (Better POS) version released @100%
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All nodes need to complete the upgrade before the block height 9629061 (before 2022–12–30 10:00:00 UTC)
REI-SCAN
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UI was upgraded, code security improvement, testnet has been upgraded, mainnet data migration @100%
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Compatibility testing and code revamp after recent merge @100%
REI-DAO
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Added address tag display to REI Holder list @100%
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Added ERC-721 assets and detailed pages to the Assets module @100%
B. Operational Progress
- REI DAO Proposal #5 was passed! “Better POS” Hard Fork: Greatly Improved EVM Performance and Optimized On-chain Mechanism. In total 47M $REI was voted to support the proposal! Details: https://snapshot.org/#/rei-network.eth/proposal/0xd91fb08a0000580720d0f0f1370fa435197e6fc1a1210a03d2034a6c0cbc5fe5. Thanks for the support from the community.
- “Jail Mechanism” aims to punish validators who do evil or try to fork the network, or maliciously miss blocks (or blocks that cannot be produced normally). Here explains why it’s important to the stable operation and security of REI Network: REI Network Educate: Jail Mechanism | by GXChain News | REI Network Project | Dec, 2022 | Medium.
- Congratulations to the winners of the AMA with Dani, the COO of REINetwork. The Hard Fork of REI Network — Better PoS! Rewards: 3500 $REI for 5 in the Tweet, 3500 $REI for 5 Qs during AMA. The rewards will be distributed before this Thursday. Winner list: https://twitter.com/GXChainGlobal/status/1598571599846051840.
- Recap: AMA with Dani, the COO of REI Network about The Hard Fork of REI Network — Better PoS. During this interview, he shared the major upgrade — “Better POS” hard fork, how Jail Mechanism works, and how it improves PoS experience. Learn more: AMA Recap｜The Hard Fork of REI Network — Better PoS | by REI Network | Dec, 2022 | Medium.
Join the REI Network Community
REI Network is an EVM-compatible public blockchain. As an Ethereum para chain, it owns the features of lightweight, free and dev-friendly. REI Network is to effectively solve the current high-cost and low-efficiency problems of public chains. Therefore, GXChain can achieve free, low-cost development, and rapid migration of applications, and can be shared and symbiotic with the EVM ecosystem, also supporting the development of Defi, GameFi, and NFT.