January 22, 2020, Weekly Update! ODIN Contributor, Catamorpheus Releases FORGE, Data Updates, & More!
Data Updates
As of Wednesday, January 22, 2020, 11:00 a.m. PST — [Time of publication.]
Masternodes Online → 458
Current Block Height → 692848
Next Superblock → 733400 (Roughly 28 days and 20 hours from publication.)
Total Budget → 108,000 Ø (ODIN)
Allocated → 75,000 Ø (69.44%)
69.44% of January’s Superblock fund has been allocated, as the budget is allocated; this creates competition amongst projects vying for the ODIN in exchange for their development.
In the event that the allocated budget reaches 100%, you may still put forth a developmental proposal. If your idea is found to be more appealing than current developmental proposals and in turn receives more votes than existing proposals you can supersede theirs, resulting in your project being funded in place of theirs.
Overall, this is great for the ODIN ecosphere as more and more developmental efforts are being put forth, causing a naturally competitive environment that you, the participant in the space, will benefit from.
Data provided courtesy of M.A.S.H. [Massive Automated Scalable Hosting]
ODIN Contributor, Catamorpheus Releases FORGE Allowing for Utility Token and Unique Entry Creation on ODIN’s Proprietary Blockchain
Here is a quick excerpt from the FORGE, Read Me. To read this in its entirety, click here.
This implementation of FORGE uses the C++17 language. Forge is a protocol using OP_RETURN transactions in blockchains to encode commands. Doing this, Forge is currently able to support Utility Tokens and Unique Entries.
Utility Tokens
Utility tokens create new digital assets on top of already existing blockchains. Utility tokens consist of a name and a supply
Creation
A new type of utility token can only be generated if its name is not currently in use by any other type of token or entry within FORGE at the time of the new token creation. When a user creates a new utility token, they specify the name and the supply and then receive the supply of newly FORGED tokens to the provided address.
Transfering Utility Tokens
Transferring Utility Tokens to other addresses. The owner of a batch of tokens of the same type can create an ownership transfer operation using FORGE. Such an operation consists of the name of the token they want to send, the number of tokens to be sent and a receiver’s address. If at the time of the transaction, the owner has enough tokens, the receiver will receive the pre-determined number of tokens sent during the initial send by the prior owner. The initial creator (the sender) of the ownership transfer will no longer have control over the sent tokens. New ownership will then solely lie with the recipient (the receiver) of the ownership transfer
Burning Utility Tokens
Like Bitcoin or any other cryptocurrency, Utility Tokens can be burned by the owner of the tokens. To do this, a user needs to create deletion operation, which consists of the name of the token he wants to burn and a number of tokens he/she wants to burn. If the user has enough tokens at the time of the deletion operation, the pre-determined number of tokens gets burned, and access to them after the burn is lost, resulting in the total supply of a token being decreased. If a token at any time has a supply of 0, the name of the token can be reused to create new tokens or entries with the same name within FORGE.
Unique Entries
Unique Entries are key-value pairs where the key is owned and controlled by precisely one owner at a time. The value of such a key, which can currently be nothing, an IPv4, an IPv6, or an arbitrary string can be chosen by the owner.
Vaughn Bullock, Standing ODIN Society Chairperson to Present Amongst Esteemed Cast of Speakers at this years BLOCKRESS.
The cast includes notables such as Hester M. Peirce, Commissioner at SEC, U.S. Congressman Bill Foster, Kraken’s Chief of Staff, Allan Stevo, and many more. Learn more about the event!
“Blockress 2020 is here! Innovation and Development Foundation is hosting the 4th annual Blockchain Congress together with Microsoft!” When: February 6th Where: AON Center, Chicago IL.
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