thank you for participating in this grand experiment.
We are starting to publish updates weekly until we launch the live network.
a. The network was renamed to “Oracles” in a short form and to “Oracles Network” in a long form. “Notary Coin” is obsolete and we will replace all mentions of it.
We received several suggestions from lawyers and people from industry to rename the network and to not have a “notary” word in the name. In some states, notaries can not promote their services which are not related to their notary duties with mention of their notary license. We will work on this subject with our legal advisers. In the Oracles Network, validators create blocks and do not perform any notary actions.
b. We bought an old (Est. 2004) premium domain name oracles.org and waiting to get it on our hosting. The forums will be moved to https://forum.poa.network and will be available by the old name forums.notarycoin.com
c. We are creating the new website, and you can preview it on https://oracles.netlify.com. Please let me know in comments if you’d like to help with translations to other languages and proofreading.
d. Igor presented Ceremony dApp on the famous Consensus Event in NYC and presented the network on Ethereum NYC meetup. Here is a video from the Consensus event: https://www.youtube.com/watch?v=PEEGVsduYLI
We created working prototypes for:
a. Initial key distribution dApp, where validators will exchange initial keys to a set of keys only they know
b. Voting dApp, where validators will vote for adding or removing additional validators
(i) a video with a creation of a ballot process https://youtu.be/5DByNih22kw
(ii) a video with replacing the initial key to production keys https://www.youtube.com/watch?v=kR7Ei399VTQ
June 2017 - work on dApps, templates for virtual machines, documentation, website, whitepaper
July 2017 - prepare and start a test network
August 2017 - work on “proof of identity” oracles, preparation for main network ceremony, recruit more notaries
October 2017 - start the main network
One more thing. Token offering:
We have a plan to make a token offering of the main network to
- provide initial liquidity to the network
- sponsor bounties
- support legal and security audit
- support the R&D team
- attract advisors
First twelve validators in the network will get additional tokens when we launch the main network. Details will be provided in the token offering doc soon.
We will work with the industry leaders to make this process compliant with all governing laws.
Igor and the team