Layer Dev Update — Oct 1st ‘18

Quick weekly updates from the dev team

Last week we did a lot of work on the Layer Core. We implemented new solidity contracts for handling payment escrow/stored balance. Since transactions are pretty slow on the Ethereum network, a provider can “pre-pay” a bunch of queries with the API. Layer Nodes can then run compute operations against this balance, which results in more performant computing/sharing results.

This week we will be finishing the payments logic. Vetted (and eventually elected) users will be able to stake LRX to become a Layer Node, and providers can currently lock it up in a store balance. We are currently developing the billing mechanism from the Nodes, so they can actually charge the users. We are also adding continual improvements to the score computation algorithm.

Core

✅ Implement a provider balance escrow contract
✅ Add a reload balance function to the LRX token contract
✅ Nodes are able to charge verified transactions to an escrows contract address

Layer Nodes

✅ Map out logic for billing prepaid compute
✅ Store data to IPFS to keep the request log decentralized, instead of just on a local cache
✅ Update EVM scanning logic, and logic to freeze queries in the event of a partition from ETH network (favoring consistency)

Utilities

✅ Update SDKs for latest functionality
✅ Update the Layer signer for enhanced claim logic
✅ Work on private network demo utility