Date: 12/2/21

Participants: Howard, Alex, Anthony, Sam

Quick Summary: current state of testnet2 and what we should be aware of

Notes:

Key Points:

• update to version 11
• incentive announcements on the way
• convergence on the network, beginning to stabilize
• the leader board will be updated and posted
• forking is a natural and part of the growth of the network
  • over the next week or two, there will be far more interesting behaviors as the network stabilize

General Notes:

• update on the current state of the network

  • version 11 is out, please run the script and update your node
    • number of updates and feature changes for the smoother node running

• seeing a lot of convergence in the network as a whole, the network is starting to stabilize significantly

• keys are not saved in the node, this is for security purpose, no other opportunities to retrieve those keys

• When a network start, forking is natural and a part of the network growth

  • expect over the next week or two, far more interesting behaviors as the network stabilizes and matures

  Questions:

• Incentives Update?

  • prepared to announce the incentives, assume that we're effectively rolled into it. STAY TUNED

• Miners on the network, why are there forks?

  • stronger miners have a significant probability to mine the next block, but not guaranteed

• Why is network difficulty so low?

  • the network is just getting started, there should be significant numbers of forks
    • part of the natural process
    • the difficulty rate is low and is determined by the performance of your machinery
      • difficulty rate will go up and the network will stabilize further