Another month has come and gone, so we’re here now to look back at everything the Equilibrium and Genshiro teams achieved in August 2021. Perhaps predictably, it was a busy and productive month. Just check out these headlines below and read on for more details on each one — we’ll see you in another month for the September recap!
We organized Kusama Demo Day as a vehicle to showcase the latest and greatest thinking by projects who have actually made it into production on Kusama Network. Our agenda was a veritable who’s-who of DeFi, and we’re so grateful to all the participants who helped us put on a high-quality event at absolutely no charge to the attendees.
Blockchain networks depend on transaction fees in order to incentivize the nodes and miners that make the entire network operate. These transaction fees also serve to protect their networks against DDoS attacks by malicious hackers — it’s not so easy to cripple a network with an unmanageable burst of transaction activity if each transaction costs some amount of money.
But there are certain ways to send transactions in Polkadot at a cost of zero dollars. Let’s discuss the cases where a zero-fee transaction makes sense, as well as how to actually implement them while protecting yourself against cyberattacks.
Every month for the past eight months, we’ve held a community call to issue public-facing updates on what we’ve achieved and what’s coming up. Last week we held the ninth edition of the call, and there was no shortage of material covered.
Our CEO Alex Melikhov led the call, and he was joined by our lead project manager Peter Sergeev and Ling Shi, our Head of Marketing in China. We had 85 attendees tune in to watch and ask questions. If you missed our ninth community call you can watch a video replay, just click here. If you’d rather read…
There’s no time like the present to show your support for Genshiro.
Our crowdloan is live, users can stake their KSM here in support of Genshiro. Despite Kusama parachain auction starts only on September 1st and we intend to win eight six-week leasing periods for our Kusama parachain slot, now is already a great time to throw your support behind Genshiro. Those who participate will get up to 2,400 GENS for each KSM they contribute, plus a substantial bonus beyond that.
Our Protection Mechanism Against Downside Of KSM Staked For Our Parachain
We were the first project on Kusama to…
Why wait to take advantage of the future of fintech? We are launching our stand-alone substrate for Genshiro, meaning our users will be able to use our products even before we win a Kusama parachain slot.
The substrate will launch as a closed beta at first. This means only registered and approved users will be eligible to participate, so fill out this registration form to be considered for early access!
We’ve got quite the perks on offer there. First of all, you will be in the first group to gain access to our cross-chain DeFi products, as well as GENS…
The Genshiro community is staking KSM in support of our effort to win a Kusama parachain slot. But just like any other cryptocurrency, KSM is prone to volatility and potential negative price action. We’re going to explain our plan for protecting the community against any KSM downside risk while KSM are staked during all the period of parachain lease (48 weeks).
The primary thing to know is that we have allocated a maximum of 10% of the total GENS supply as a hedge for our community. …
Want to earn more GENS? Then you should know we’ve launched a referral program for those who are active members of the crypto community. You can use a custom URL to invite your friends to participate in Genshiro’s crowdloan campaign, and you’ll earn 3% from their contributions!
Furthermore, everyone who uses your referral code will also get their own 3% bonus. As such, your potential referrers will be highly incentivized to hunt for your referral link wherever you post it. Cool, uh?
Another opportunity to earn is if your friends would like to contribute more than 500 KSM. There is…
Equilibrium already has several well-known and established validators, like Ryabina, Staking4all, Crypto Chain, Pinknode and Disc-Soft. But now we’re adding one more to the fold, and it’s a big one: Huobi Pool will throw its support behind Equilibrium and Genshiro to make block validation in our networks even more unbiased and reliable.
Huobi is a leading crypto company that manages billions of dollars of crypto transactions every day. Its mining pool platform is called Huobi Pool, and its geographically dispersed data centers and interconnected servers run on a private network. It’s been in operation since 2018.
Validators verify that the…
Platforms like Kusama and Polkadot are enhancing the scope of what people can accomplish with crypto, so we knew we wanted to build Equilibrium and Genshiro using the relevant relay chain. But a lot of early users get tripped up on how wallet addresses work in these kinds of interoperable environments, so we thought we’d share this explainer.
If you’re coming from the world of Ethereum, you’re probably used to addresses looking something like this:
But in the world of Polkadot and Kusama, you might be used to addresses that look something like this:
l2uxb9baJaiHhCvMzijnCYbkiXpGQ24jhj4AmhNvrMEzWuoV EVH78gP5ATklKjHonVpxM8c1W6rWPKn5cAS14fXn4Ry5NxK 2q5qF1LqDpINWGC1JJaCzmPQMGPZPKQ76f2XqzxMBjwmadxW 5DyfSpLWSoSpFfur35gn4PmbrupchiWbdEKgcQPaJGDULHGd jRaQ6PPzcqNnckcLStwqrTjEvpKnJUP2Jw65Ut36LQQUycd…