8.7.19 Weekly Update! U.K. Financial Conduct Authority Review and Successful SegWit Testnet!

ODIN aims to improve the world through a network of open source cooperatively built mobile applications with a focus on privacy and decentralization.

Data Updates

As of Wednesday, August 7, 2019, 4:00 pm PST — [Time of writing.]

Masternodes Online → 836
Current Block Height → 452591
Next Superblock → 475200

Data provided courtesy of M.A.S.H. [Massive Automated Scalable Hosting]

Definitions

Testnet — “A testing network for a decentralized project, that allows testing of experimental features.

The testnet is an alternative Bitcoin or Ethereum blockchain, to be used for testing. Testnet coins are separate and distinct from actual coins, and are never supposed to have any value. This allows application developers or bitcoin testers to experiment, without having to use real bitcoins or worrying about breaking the main Bitcoin or Ethereum chain.” (TokenMarket.net)

SegWit — “SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain.

Segregate means to separate, and Witnesses are the transaction signatures. Hence, Segregated Witness in short, means to separate transaction signatures.

The concept of SegWit was formulated by bitcoin developer Pieter Wuille.” (Investopedia.com)

SegWit Testing Continues to go Smoothly

When implementing any new core protocol changes, it is incredibly vital that the changes are vetted in a forked testnet variant of the chain to ensure that any errors would not affect the main chain. Heres an update from Chief Technical Advisor and ODIN Chairperson, Vaughn Bullock (Pixxlated).

Join our Discord for the most up to date developments!

Official United Kingdom Cooperative Status Reaches Final Evaluation Period

United Kingdom Financial Conduct Authority has acknowledged receipt of all necessary documentation. Per their response, we should hear back within 15 working days as of August 5th, 2019.

United Kingdom Workers Cooperative

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