
Dan Mediendesign
75 posts

Dan Mediendesign
@DanMediendesign
Christian † . happy husband . proud family man . media designer . dreamer . leader . self-employed . sportsman . poker player





IC Beta, cGAS, cAssets A full week has passed since we officially launched the beta version of the InterChain mainnet. It has been a week filled with excitement, surprises, and hard work. In this update, we want to share our experiences with you. First Week of InterChain Beta I After the initial minting of the genesis block and our internal testing, we enabled access to the InterChain Consensus Layer through the CFR bridge for our beta testers. During this beta phase, we aim to gather user feedback on user experience (UX), fees, and user interface (UI), as well as metrics and real-time data on the blockchain's stability. The first week has provided us with a wealth of information and positive news. With over 40 blocks minted, the Consensus Layer on PBC has proven to be stable and economically sustainable, even with lower usage levels. However, our analysis of on-chain activities has revealed gas inefficiencies in our on-chain estimations, highlighting areas for further improvement. This will ultimately lead to lower costs for participants and for maintenance. We plan to address these inefficiencies in the upcoming soft fork of the InterChain Blockchain before the public release. We are excited to enhance the IC experience at even lower costs, making it accessible to a wider range of users. Lower IC fees can contribute to increased usage, resulting in more BYOC rewards for @partisiampc node operators and the CFR ecosystem. cGAS Model Implementation A crucial aspect of InterChain is the cGAS Model. This model ensures the economic well-being of InterChain and is built into the IC Oracle Nodes as an equation system. The cGAS model aims to balance the cost and execution fees required for transactions across all affected partial chains, as well as the PBC Consensus Layer. Additionally, the model includes a revenue component that collects fees for the CFR ecosystem, ensuring the economic viability of InterChain maintenance and operations. During the first week of beta testing, we reviewed the flow of fees and on-chain execution. In doing so, we identified a weakness in the model that led to an underestimation of Consensus Layer fees, resulting in a negative balance between fees paid and fees required for block cycles. We have corrected this issue, and the balance has been restored. The blockchain is now operating with a positive balance even at lower usage levels, and fees will decrease for every user as block space usage increases. cAssets on Testnet As we announced previously, the next significant development in the IC ecosystem is cAssets. cAssets are not only a vital component of the CFR ecosystem stack but also an integral part of the IC cGAS Ecosystem. Once fully implemented, cAssets will facilitate cross-chain GAS transfers for InterChain operations. As a first step, we are working on bringing the cAssets Bridge to life. Currently, we are focusing on deploying cDFI on the testnet over Polygon Amoy. Building the cAssets bridge on the testnet will help us establish a timeline for the mainnet launch of cDFI and the introduction of the first Polygon-sourced cAssets. As always, we look forward to seeing you all on-chain.







We are now Crypto Factor Labs! 👀 On this channel, we will provide insights and updates regarding our areas of development, which include: 1. Crypto Factor Execution Layer (formerly OpenDApps Cloud) 2. Crypto Factor SSP (Self-Serve Platform) 3. Crypto Factor Interchain




















