Witnet Monthly Report — June and July 2018
Wait… don’t you know yet what Witnet is? /👁/ That’s outrageous! Stop what you are doing and read this 3 minutes primer or take a look at our whitepaper.
Hi there, Witnet community! As you might know, every month we update you on our work towards the milestones set in our project roadmap. Today we want to share what we have been up to over the last month, the challenges we have met and the progress we have made towards our first milestone: the Witnet desktop client prototype.
We’ve now finalized the accounting of the WIT token pre-sale. These are the figures:
- 250M WIT tokens were pre-sold for $7,593,514.62
- The price per token was $0.030374058
This gives us a healthy runway, enough to hit our next milestones:
- Prototype: September 2018.
- Testnet: January 2019
- Mainnet Launch: Q4 2019
Also, during our sale we have agreed on partnership with amazing teams: Reflective Ventures, the RChain VC arm, who contributed $3M; Aragon and district0x.
During June we’ve introduced you to Mario, a full-stack engineer and scrum master who has joined our technical team to contribute to the development of the protocol:
Team Insights: Mario, Full Stack Engineer and Scrum Master
Mario is an engineer who thrives in highly technical, highly collaborative environments.
We’ve also been lucky to have a full-stack developer join our team over the past weeks. You’ll get to know more about him soon through our Team Insights.
Over the course of July we’ve introduced you to Tomás, a full-stack developer who has joined our technical team to contribute to the development of the Sheikah desktop client, along with the rest of the team.
Team Insights: Tomás, Full Stack Developer Tomás is working on the development of Sheikah, Witnet’s desktop clientmedium.com
We also welcome James Ryan Moreau as our Technical Community Lead. James has experience at Consensys and Metamask, and we’re eager to start helping him connect with our community to further unleash its full potential. You’ll soon get to know him better through our Team Insights, and following any of our social channels.
The Witnet Foundation still has open positions, so if you are aware of the impact a decentralized oracle network will have on the crypto landscape and want to get involved, be sure to check them out!
Sheikah prototype (Witnet desktop wallet app + smart contracts IDE)
- The app backend is close to done, and we’ve been refactoring some ciritical parts to achieve rock solid stability and performance.
- Work on the app UI has started and is progressing at a brisk pace.
- The source code for our private key exchange format (SatoshiLab’s SLIP-0032) has been isolated into a separate open source library, which we have already released on npm.
- Modesty aside, code quality this far is top notch. Every minute we spent improving our automated testing and QA setup is truly paying off!
- Last month we made significant progress in the Sheikah UI, and learned a lot about React.js along the way.
rust-witnet (Witnet full node implementation)
- As Sheikah’s development is advancing well, we are starting to shift our focus towards starting to accelerate the development of rust-witnet.
- Development of the Witnet testnet is currently in the planning stage. It will be accelerated after the release of the Sheikah prototype (early September).
- The Witnet testnet is still on track for 2019 Q1.
That’s what we’ve been working on over the last month! Please let us know what you think of the recent developments by sharing your thoughts with the team.
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