Layer Dev Update — Sept 17th ‘18

Quick weekly updates from the dev team

Last week we added improved functionality to the LRX token and its processing by Layer Nodes. The P2P layer on the Nodes are running — we are pulling data in from both providers and the Ethereum network.

This week we will continue work on validating real identities, the payments logic and score calculation on the Nodes.

Core

✅ LRX Token Staking — Layer Nodes stake LRX token as a part of the application process. There are functions (currently callable by the Layer team until governance is added) to slash the stake if they misbehave.

✅ Contract Registry Updates — Added additional functions to handle Layer Node approval to the smart contract. As part of the approval, the Node must have a valid stake.

✅ Add Balance — We started smart contracts to allow asset providers to pay. This gets picked up by the Layer Nodes as a compute credit, and deducted monthly from their stored balance.

Node

✅ Updated Sync Logic — Sync logic to the layer node to keep current with both the Layer and Ethereum networks.

✅ Integrate Balance — Integrate balances with the Ethereum network for computation.

Utilities

✅ Phone Claims — Work on a simple web app compliant with ERC-725 to handle phone number claims on the Layer claim signer

✅ SDK Updates — Update Python SDK used by the Layer Nodes