Update on 1 October
Blockscience
Using the methodology outlined in this article, Blockscience has aligned with us on the following system goals for their review:
- Economic viability - make sure that all involved participants that are honest have their costs and risks covered while delivering an acceptable service on the protocol. Participating in any role should be economically rational.
- System reliability - make sure that the network has a consistent Quality of Service, and that deviations from it are accounted for through effective incentives and penalties.
- Long-term value generation - make sure that participants have access to persistent value that was generated as a result of the protocol’s success.
- Accessibility - make sure that onboarding to / consuming from the network is comparatively advantageous to other solutions, both decentralized and centralized.
We are in the process of finalising the KPIs that arise from these goals, and hope to share these in the next week or two.
In the meantime, the Blockscience team are developing a mathematical specification of POKT’s economic system that will be opened up for public review in the coming week or two as well. This spec will be used as the foundation for the simulation and parameter selection in subsequent phases.
Specific scenarios will start to be simulated from mid to late October onwards. Consequently, the public comms in relation to Blockscience’s work will ramp up around this time too.
Community ownership of Shannon economic mechanisms
We are still looking for community members to take ownership and start working on many of the mechanisms listed in the “Protocol, PNF, Community to review” tab in this spreadsheet
If the chance to research, design and test any of the Shannon economic mechanisms included in the spreadsheet interests you - from pricing based on computational units, to the QoS (Watcher sampling) protocol to determining the conditions for implementing a servicer stake burn or jailing, and everything in between -please reach out!
Lastly, to be very clear, everyone working in public towards defining any of the economic mechanisms for the Shannon upgrade should be paid for their work and should open up a Socket to do so. Please do reach out in advance, however, as it is important to align on what you want to work on and how you want to do it, so that you have the full context of Blockscience and/or any other major contributor.