Dot Leap 7

No redenomination for DOTs, an open source mobile Flutter-based wallet, a directory of Kusama projects, and more!

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Story of the Week: Redenomination Proposal

A little over a week ago, Logan Saether of the tech ed team at Web3 Foundation used Kusama’s governance to put forth a referendum.

The goal of the referendum was to gauge people’s opinion on changing the redenomination of DOT. The decimal point would be moved two digits over and all DOT balances would effectively be increased by a factor of 100.

The proposal was explained on Polkassembly.

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Fast-forward one week, and the referendum has been the most controversial and most active in Kusama’s short history. Not only was the turnout impressive (way above the officially reported 13% given that W3F and Parity - both large holders - abstained), but the amount of discussion it generated showed us that KSM holders are able and willing to participate in on-chain governance.

The referendum did end up having more Aye votes than Nay votes, but given that the opposition of the minority was so strong and definitely not trivial in numbers, the Web3 Foundation decided not to go ahead with the redenomination until it can be accurately gauged on Polkadot once launched.

Here’s the full post about the matter from W3F.


Polkadot 

👇👇👇 LAUNCH INFO 👇👇👇


Kusama (v 0.7.33.)

Remember a few weeks ago when we mentioned that due to a bug the Kusama treasury hasn’t been getting the fees it should have been getting? Well, that’s fixed now - observe the treasury balance after block 2.2m! Wheee! 📈


🚨 Something I didn’t know! 🚨

When batching transactions (sending multiple extrinsics at once), you can batch a bond and a nomination together. 🤔

In other words, if you’re bonding some tokens with the intent to nominate with them, and you immediately declare validators you want to nominate, it works just fine despite the bonding transaction not having been “mined” yet.

This is because transactions mutate state directly, not after a block is sealed, and so the data needed for the nomination to go through is already there - this is opposite to how other blockchains work. All that matters is that the order of transactions is correct - nomination after bonding.


🏛 Kusama Governance

  • A new tip has been proposed by Jam for 1000 KSM to Polkawallet. While this may sound like a lot, the result will be a median of endorsements from other council members so 1000 is probably the upper limit. There’s also the fact that Polkawallet deserves it - it’s an open source mobile Substrate wallet based on the highly performant Flutter framework.

  • Treasury Proposal 19 has been approved at 2000 KSM (~15000 USD at current market value) - originally mentioned in Dot Leap 5, this proposal by UseTech has been a long time in the making and targets a much simpler and more efficient staking user interface for Kusama and other Substrate-based chains.


🔩 Core Stack (Alpha 8 is out)

( ͡✧ ͜ʖ ͡✧)

Substrate licenses have been updated!

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🛠 Tools


👨‍🎓 Education


🤝 Ecosystem


📅 Upcoming Events and Webinars

  • [Panel] May 19th: Fireside chat on Crowdcast featuring Zoé Meckbach as host and Bruno Skvorc, Joe Petrowski, and Dieter Fishbein as guests (subscribe to the channel for notifications!)

  • [Conference] ANON SummitMay 19th to 20th: I participated in an interview which is coming out on the 19th, and on the 20th I’m hosting “Web 3.0 And Polkadot”, a non-technical introduction and Q&A session

  • [Conference] ReImagine2020: May 21st: Build your own blockchain in an hour by Bruno Skvorc

  • [Webinar] May 21st: Polkadot for Beginners, non-technical intro by Bill Laboon and Dan Reecer

  • [Conference] May 25th - 28th, Blockconf Digital: talks by Bruno Skvorc (workshop - build your own blockchain in an hour), Jack Platts, and Dan Reecer


That's it for this week - I hope this was as useful for you to read as it was for me to write! Special thanks to Bill for his daily digest!

The Dot Leap is put together by Bruno Škvorc. Got any links for me for the next edition? Find me on Riot at @bruno:web3.foundation, on Twitter, or via email at bruno@bitfalls.com.