Calin Bajan

Supernova is coming! A new level of speed, scalability, decentralization. Powered by strong economic firepower. --- Just finished a conversation with Adi and the team. 1. Supernova - making great progress. On track to have almost full components set this evening/Monday, and begin the full stabilization phase next week. The week will be intense. Very curious how stabilization will look at the end of week (full stabilization will take a few weeks, being the most critical phase before mainnet). Either way, great checkpoint to align all following steps around. 2. Economics - making great progress as well. Code fully done, thorough testing happening as we speak. If the testing phase goes well, we are on track for a testnet release next week, and for the new economics upgrade to go out with a full mainnet release announcement end of next week. 3. Battle of nodes - as we near the point of internal stabilization, next week we'll begin the battle of nodes registrations. This will be a critical discovery and stress-testing phase for the network. Beyond that, Supernova awaits. We are nearing the finish line. A few very intense and productive weeks ahead. Channeling the energy. Firing it up when it matters most. ------------------------ Overall progress update: █████████░ 94% ------------------------

MultiversX New Genesis In 2017 a small team tackled a “solved by nobody” problem: scale without sacrificing security or decentralization. Three years later we shipped production sharding and a secure PoS architecture that proved the trilemma can be solved with firts principles engineering and relentless execution. The same spirit brings MultiversX here today.

I WAS BRAINWASHED. I was brainwashed by thinking you build and people will come to BUILD more. And we are having crazy good builders who just came and started to BUILD, and we love that. I was brainwashed by BTC into thinking that all inflation is bad, while BTC is still having inflation going towards miners. I was brainwashed by thinking, that by only doing better tech, people will come. Than you get introduced into the real problem: STAGNATION, STAGFLATION. And you have to understand the real problem. Have you been in a position where you couldn't solve a problem for a long period of time, you couldn't find the key to solve it, until you switched/flipped the question. Putting the right question, putting the right framing is so important to understand the reality. The economic reality is so different than what web3 imagines, and multiple times, economists are laughing at how web3 things will solve the issues through deflation. Milton Friedman argued that 3-5% of inflation is a must to drive growth. All countries with high growth had relatively high inflation for a period of growth. Not inflation is the big problem, STAGNATION, STAGFLATION is the BIG BIG PROBLEM. We missed it out, BUILDERS needs incentives to build and start creating economic flywheel.s We missed it out, as we built from initial funds of the founders. But in general, 99% of the time, in the real world, you build through borrowing or through applying for grants. Countries are creating incentive mechanics, capital injection into new economies and some of those will boom. We missed out on creating a big incentive structure for builders. In 2018-19 the economic knowledge was much lower and I was brainwashed by different things, without actually reading books. So, we try to change direction, as the current one is not good. It is just a false hope, that someone will come, buy a bunch of eGLD and after that what? Still no capital injection towards builders, towards productive economic activities, and you did not break out of stagnation, just the price increased. All of the problems are solved by GROWTH and economics needs to be designed for GROWTH. All road lead to GROWTH.

The global market is gearing up for the most unfathomably bullish phase in its history. Macro, fundamentals, regulation, and market structure are building up a crypto tailwind like never seen before. DO NOT GET DISTRACTED. Emotional shakeouts exist to separate the weak and impatient, from the disciplined and obsessive. Dips are your gifts. Use them wisely. SUPERNOVA.

On October 2nd, we kick off the U.S. Foundry Sessions. A new format and a first in Web3: Network updates, a new roadmap, and the beginning of a two-week period of governance discussions to forge the future of MultiversX together with the community.

You can also measure it, you just need an observer in the shard you want to monitor. If you have an observer in each shard then you can have the full network view. Measurement methodology: we activated the debug logs in all the nodes operated on mainnet by the foundation during one week (to have sufficient data points and perspectives for a correct estimate, but one observer per shard should be enough as well). Then we parsed the logs, as in debug we have log entries to mark when a block proposal is received and when a proof for that proposal is received. This happens for every shard, for multiple perspectives (number of foundation operated nodes) and for every single block during the week where we collected the data. The time difference between the moment when a block proposal is received and when its consensus proof is received represents the block time to finality. With Andromeda, we don’t need confirmation blocks so receiving the consensus proof is sufficient to make a block final. Indeed the slot is 6s but that does not extend the time to finality, as the finality is marked by the proof. When you have confirmation blocks however those would extend the time to finality, as you cannot produce blocks faster than the slot time, so you would have to wait for each to be produced. Why one observer would be sufficient per shard is because you measure all propagation paths that matter to your observer during consensus for that observing point, which would make it a good estimation even if slightly off from when you have more observing points. For our measurements, the median time to finality was actually ~165ms. For Supernova we are adding the node measured average time to finality per epoch as a metric, and are making it available in the metrics api and on term ui so you don’t need to parse logs to find it.