BCGS #5 — “After Target” (12/10/18)

Hello,

We estimate less than 13 days remain until the After Target minimum block height will be achieved. This is the largest milestone to date accomplished by our community. We appreciate your continued support and patience. Unlike the previous updates which included sections for Performance Metrics and Next, this update will mostly outline the transition process during which we hope to see a peaceful transition of thousands of miners around the world.

This email is #5 in the Block Collider Global State series.

The flagship, fully decentralized exchange “Borderless”

Borderless will be released on the Ethereum test network Ropsten on Saturday December 15th at 9:00PM EST. Borderless operates as a fully contained client from your machine meaning unlike other early DEXs you will not visit a website but download the Borderless application to read and place orders in Block Collider. No centralized hosting, execution, or transactions: Borderless is decentralized. More information will made be available on the official blog.

Can we continue mining once After Target (block 1.8M) has been reached?

Yes. All miners have 14 days from block 1.8M to prepare for 0.8.5, remove all data and uninstall GPU/CPU software in mining facilities. Foundation nodes will remain on during this time. After the 14 day window, miners operating sub-0.8.5 will be mining without NRG reward as the final NRG block height will be hardcoded into in the ARC Block and NRG balance totals will be rolled up. This hard cap height will be announced on all public channels.

How will I prepare my miner or mining facility?

While multiple builds of a GPU miner have surfaced during Before Target, to our knowledge, no GPU miner build has been released that supports multichain synchronization. The software for 0.8.5 will by syndicated on the 14 days after block height has been achieved. All public channels will receive the announcement of the availability of the software. Miners who do not upgrade to 0.8.5 will fork onto their own chain.

Can we have exact dates?

We can only provide relative dates until we achieve the After Target height. We estimate this will be between December 24th and December 28th 2018. A fortunate Christmas blessing.

What happens after I start running version 0.8.5?

Your machine and rovers will run in a passive mode waiting for the broadcast of the Automated Rover Control (ARC) Block. The block is unique and contains the following:

• A valid signature for the beforeTarget address which is referenced in all blocks in the Before Target chain.
• The Overline Regional address.
• The complete NRG balance for each address that participated in Before Target.
• The hardcoded address of the Emblem contract containing al Emblem balances.
• Fees based on block issuance times of the connected chains are set.
• The Emblem grant bonus.

A foundation node running 0.8.5 will broadcast the ARC Block which will signal to the rovers After Target chain is ready. We expect this to happen within 72 hours of the deadline to move to 0.8.5. Upon receiving the block all miners will begin mining on top of the ARC Block. The first 50,000 blocks will be a soft period during which Rovers will accept additional ARC blocks signed by the foundation ARC block address in the event an issue arises.

What follows After Target?

Following After Target is “Project Spectrum”. The technology is the largest fundamental upgrade to the cryptographic exchange of value since Bitcoin introduced Proof of Work to hash-cash. Since the first multichain wallet was created over two years ago reference to Project Spectrum has been quietly stored with every address. If you open your BSEC wallet you will see a field called “networkAddress”. This field is required to access Project Spectrum — or to announce the official name, you will use it to reach Overline with Proof of Distance. After Target will run until 3rd quarter 2019 after which begins Overline Regional and Overline Global.

What is Overline?

If Block Collider is something only technologists care about, like TCP for the internet, then Overline is the consumer facing product that makes the internet accessible to the world. As you may have noticed with the Evangelist Community deeper function and meaning is in everything we build, this is not just a strategy, but a method to automatically inform and engage new users. Overline is built into Block Collider and is the reason for many of the unorthodox selections (e.g. the reason Cosine Distances were used in a Proof-of-Work style algorithm “Proof of Distance”).

More information on Overline will be released first quarter 2019. However, the focus for the next several months is on the decentralized exchange Borderless, how to build your own decentralized exchange, and educating users on how to write meta contracts.

With so much going on, how do I share this?

Working with renowned illustrator Martin Beckett, we have created visualizations of the Block Collider Universe so that you can see and share renditions of unique concepts like “Rovers”, “Dark Fibers”, and “Timeline Skinning”. We will start Tweeting these out over the the next several weeks and sum them up into a simple glossary.

The 6th Blockchain

It is not Mimble Wimble (or Grin) which is not hocus pocus.

Freedom Through Cryptography,

Block Collider Core

P.S. If you are a great engineer or communicator we are hiring. BCGS updates will never be a company diary or other form of dry content commonly associated with newsletters — it is mission critical updates only.

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