A New Year’s Letter from the Founder

To the Logos community -

Today marks the one year anniversary of Logos Network, and it got us reflecting on the past year.

In the past few weeks, it seems that there has been a general media panic in both the stock and crypto markets with nothing but televisions flashing red and Jim Cramer prepping the public for a doomsday scenario.

Yet, here at Logos, it’s another day in the office — but even busier with our recently launched test net (check it out!). Ultimately, the market volatility does not change our vision of developing the premiere payments network, and it even has some upsides.

However, as this year comes to a close, I do want to take a moment to highlight and acknowledge the achievements of the team and all those who continue to contribute to our growth.

Since we launched in December 2017, Logos has celebrated the following milestones:

• 14 full-time team members
• 233 git commits, 274,843 lines of code, and 44,994 of core code
• 2 major builds and countless subbuilds
• 1 prototype benchmark that had outstanding results (at the cost of many sleepless nights!), including:
• 17,000 transactions per second under realistic conditions
• 2 second confirmation time

Many of these most memorable and important events from the past year can’t be quantified. The first major expansions to our team came when employee #1 Doug Wallace joined to lead up the business team, followed soon thereafter by Carl Hua (our very own rocket scientist!) to lead the engineering team.

While we had nailed down most of the architecture before the launch, Carl and the engineering team have been indispensable in shaping the technical design of Logos. Soon after Carl joined, the account chains multiplied from one to two per account.

We also fleshed critical components like token support, voting, and epoch transitioning. I spent significant time on the sharding spec, with the notable surprise of discovering that pretty much everyone is thinking about sharding security the wrong way. Indispensable to all of our engineering efforts has been Carl’s transplanting NASA JPL’s development process to the blockchain setting.

The most exciting development this year was the first prototype benchmarking. I told Carl before the test that a good goal for this rough, initial build would be to match Visa’s average performance of a few thousand TPS. I, of course, was confident in the architecture (I’m a bit biased since I designed it!), but knew there were many performance features that had yet to be added. I was taken aback when it delivered over 5 times that target! It is truly a testament to the fantastic quality of our engineering team that they were able to deliver such phenomenal results so quickly.

On the business side, we have been thrilled to bring in many partners over the past year. Most notable were our seed round investors who we welcomed to Logos over the summer.

More recently, we have been working on some exciting strategic partnerships that include some of Logos’ first use cases — stay tuned.

What you can expect from us in the new year:

1.) You’ll have a lot more ways to join and interact with the Logos community.

• Since the launch of our permissioned test net on December 14th, select members of the Logos community were able to access and interact with the Logos Network, including the iOS Logos Wallet. You can apply to test it out here.
• We will keep our community updated on a dedicated Logos Meetup series where we can answer any questions, hear feedback from our most dedicated first users, and wrestle with some of the industry’s most pressing tech and business issues.

2.) The new year will bring a few exciting announcements and strategic partnerships that will be instrumental to the direction of Logos and allow our future users to enjoy a suite of offerings for an even more streamlined and convenient way to pay.

3.) Logos will have its open source public launch in 2019.

We’ll post regular updates on Twitter, Telegram, and Discord. Throw us a follow and be in the know!

So, as we wrap up 2018, I want to personally thank each and every one of you for the support, advice, encouragement, and time that helped shape the way Logos is now and where it is going in the year ahead, bringing us closer to creating the future of payments, today.

Onwards,

Michael Zochowski

Founder, Logos

If you’d like to keep up with what we are doing:

Follow us: Twitter | Discord | Telegram | Reddit

Read: White paper | Logos website