Rutile weekly news #1

Introducing weekly news.

We want to let you know everything about what we are doing at Rutile. We want to go in depth with what we are building and what conversations we are having. This will mark the first in the series of many to come.

Directed Acyclic Graph.

We’ve updated our DAG to be compatible with our next step: Milestones. We converted the transaction structure to be included in wrappers kind of like blocks. But only allowing one transaction to be included. Creating more of a BlockDAG structure. This is done so we can implement the Proof of Stake part while keeping the implementation simple. Otherwise, there would be inconsistencies with validating transactions, creating a more error-prone solution.

So this all means that we are ready to continue our Proof of Stake implementation of milestones.

[WIP]: Smart contract/WASM deployment.

Contracts/WASM code are now deployable on the network. Generating a unique address for the location of the program. The address is attached to an IPFS hash location, letting nodes know where to find the program and run it. The implementation is not fully complete since we still need to implement the incentive to store the program on nodes inside the Rutile network. But we will work on this in the coming weeks.

Listed on the BitRabbit exchange.

We are very pleased that we are now listed on the BitRabbit exchange. This is our first exchange and we are very happy to be working with the BitRabbit exchange to make this possible.

The Future.

This week we will mostly focus on the Proof of Stake/Milestones part. This will allow us to create a single state between all nodes and making executing programs actually feasible.

You can expect us to be busy in the coming weeks with more improvements and a better network.

Stay tuned!