Each week, r/0Chain hosts an AMA with 0Chain’s Operations Director, Derick Fiebiger, to address questions from the community. Without further delay, let’s dive into this weeks address:

You can also listen via podcast.

Greeting

Welcome to AskFeebs — a weekly address where your questions on crypto and 0Chain are answered. I’m Derick Fiebiger, Director of Operations for 0Chain, and I thank you for joining me. Let’s hop into things.

0chain Highlights

Crypto is crazy

— BTC up to 5500

— Now tons of drama going on with Bitfinex regarding an $850 million cover up

— No one knows what to think and the news is still lingering and has been impacting the market

— BTC up to 5500 — Now tons of drama going on with Bitfinex regarding an $850 million cover up — No one knows what to think and the news is still lingering and has been impacting the market Alpha

— 0Chain still plugging along, did some byzantine fault tolerance testing

— What is BFT: scenario where messages are being sent back and forth between locations, but then must be confirmed. Every message must be confirmed and agreed upon, which leaves room for cheaters and liars. As a collective network, you want to organize a consensus to organize. Blockchain must go on and have final decisions. Blockchain is a ledger that will not and cannot change. There cannot be double spends and the blockchain has to be trusted. There will always be attackers due to financial incentive that will aim to disrupt the consensus.

—We had miners and sharders fail to test these scenarios, which can result in a decreased TPS or finality, but the blockchain survives.

— 0Chain still plugging along, did some byzantine fault tolerance testing — What is BFT: scenario where messages are being sent back and forth between locations, but then must be confirmed. Every message must be confirmed and agreed upon, which leaves room for cheaters and liars. As a collective network, you want to organize a consensus to organize. Blockchain must go on and have final decisions. Blockchain is a ledger that will not and cannot change. There cannot be double spends and the blockchain has to be trusted. There will always be attackers due to financial incentive that will aim to disrupt the consensus. —We had miners and sharders fail to test these scenarios, which can result in a decreased TPS or finality, but the blockchain survives. Betanet :

— Working on getting 0Box app into App Store, thumbnail features, etc which will play into share links, tracking downloads, and hosting bounty rewards for our community members

— 0Wallet will be released as MVP: 0Wallet will be divided from 0Box, which will have locking/staking tokens, transactions which will allow users to test it out. 2DA will not be implemented right away because mainnet is our goal first.

— Beta roll out is aiming for a month from now. Attempting to have two separate apps: iOS and android. We are working toward an app for android, but it is not the number 1 priority. iOS store is the top priority.

: — Working on getting 0Box app into App Store, thumbnail features, etc which will play into share links, tracking downloads, and hosting bounty rewards for our community members — 0Wallet will be released as MVP: 0Wallet will be divided from 0Box, which will have locking/staking tokens, transactions which will allow users to test it out. 2DA will not be implemented right away because mainnet is our goal first. — Beta roll out is aiming for a month from now. Attempting to have two separate apps: iOS and android. We are working toward an app for android, but it is not the number 1 priority. iOS store is the top priority. Service providers:

— Betanet: we will have more information for service providers next week. This includes reducing cost (hardware + operational).

— Looking at option for people to run a blobber more affordably

— Start with 2u (smaller capacity) with the ability to upgrade. If there is an increase in demand, you can opt for more capacity,

— AWS running a blobber question: it is higher, you are working through a middleman (AWS), and we are basing prices off the market price (including AWS pricing).

— Make sure to join the Service Providers Telegram group if you are interested because information is often released there before other locations.

That’s it guys thanks for watching. See you all in a week. Next week’s AMA with CEO Saswata Basu will be hosted by Qudem. You can post questions and find more information about the AMA here. Cheers!