Razor Network
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Razor Network

Razor Network Community Update: May 2022

Lots of development on the technical front

The month of May has come to an end, and as always, it is time to update our most important stakeholders; yes that’s you, our community, about Razor Network’s progress so far. As you all know, the second phase of incentivized testnet has been going strong, thanks to your enthusiastic participation. Meanwhile, the $RAZOR ecosystem and dual farms on Dfyn sailed through its last leg last month, officially coming to an end on June 9, 2022.

With the ongoing second phase of incentivized testnet showing desired results, Razor Network is convinced of its preparedness for the mainnet launch. In the coming weeks, more information regarding the mainnet will be made available to the community. Meanwhile, the fifth edition of $RAZOR farms will be the last one on Dfyn as $RAZOR token holders will soon be able to participate in native staking on the mainnet.

Following the launch of the second and final phase of the incentivized testnet on May 27, our team was fully prepared to handle any unforeseen issues that may crop up in the initial days. Participants faced a few minor issues and encountered some bugs, duly reported during a dedicated technical Q&A session organized by the team on Razor Network’s official Discord channel. Most of the issues reported during the event were duly noted, and some were quickly resolved as well.

Simultaneously, the entire Razor Network infrastructure is currently undergoing external audits to iron out any creases and ensure there are no surprises in the future. As always, the audit reports will be shared for your reference as well. By the end of the incentivized testnet program on June 24, all the bugs should be resolved, followed by preparations for the launch of mainnet phase 1.

Once phase two of the incentivized testnet concludes, participants can look forward to receiving their share of the 1 million $RAZOR tokens as rewards.

On the Tech Front

Most developments during May 2022 happened on the tech side, involving functional and cosmetic updates.

Users can access more in-depth information about the network from their dashboard. The new homepage provides detailed information about the number of active stakers, delegators, TVL, and the latest block info. These features can be used on Skale testnet v2. The Staking page now includes Total Stake Distribution details, a sidebar on the dashboard that acts as a navigation bar, and the inclusion of a universal search bar on the dashboard that helps users query relevant data based on address, transaction hash, and collection.

Razor Contracts

The ecosystem’s contracts have been updated to be more resilient and developer-friendly with renamed functions. VotingPenalty is now renamed VotingRewardOrPenalty. The asset deactivation issue is resolved to eliminate the erroneous age penalty. Other improvements include Unstake and Withdrawlock to mitigate the epsilon attack.

Razor-GO

Razor Network’s official node for Golang, Razor-GO also received miscellaneous updates last month. Few noteworthy ones include the conversion of medians and votes from uint32 to *big.Int, and the updated docker commands in the readme.

Want to deep dive into the tech updates from last month? Visit the Razor Network GitHub repository.

Now, back to work so that we can make the next month’s community update more exciting.

About Razor Network

Razor Network is a blockchain agnostic truly decentralized Oracle platform for Decentralized Finance. We are working on next-gen oracle systems. Razor Network is a blockchain agnostic decentralized oracle network focusing on Maximum game-theoretical security, complete decentralization, and fully permissionless.

Website | Twitter | Telegram | Discord | GitHub

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Razor Network — A truly decentralized oracle platform for decentralized finance

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Most secure and Decentralized oracle network

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