What is EdgewareEdgeware being developed by an entity called Commonwealth LabsBuilt on Parity’s SubstrateGrandpa finality toolOn-chain governanceScripting built in.Using Web Assembly (Wasm)

Building on SubstratePeople used to build their own web servers, now they use the cloud.People used to build new chains, now they can use Substrate.This enables builders to focus on the area of their expertise.One month after development began a test net was operationalThree months the project was live.EOS was too centralisedEthereum was not flexible enough

WebAssemblyBeing able to use Rust or C++ is greatStill being experimented with

The Polkadot and Substrate ecosystemFriendly and helpful community20 projects underway100 planned for the end of the yearPlatform still stabilizingPeople are building now planning to switch to the security of the Polkadot chain.

Securing the edgeware chainDelegated PoS aiming to move to Nominated PoS as Sybil resistance mechanismGrandpa for finalityRound Robin leader selectionThe ultimate goal is to rely on the security of Polkadot

The problem of governanceIt’s a problem that has been pursued by humanity for all timeBlockchains increase social scalabilityImproves legibilityEnables new organisationsThese new organisations need new governance systemsBlockchains are new so there is naturally experimentation and opportunity.Want to further this human endeavour in the blockchain world

How does edgeware actually do governance?Allocate tokens using a “Lock Drop” of ether.One token one vote.Vote can be allocatedFocusing on core changes to the network/protocol, allocation of on-chain treasury that is bootstrapped by the block reward.

The Lock DropInitial token distribution is the linchpin of effective network governanceRequire the belief in the economic value of the tokenPrevious ways of doing this were an ICO or airdropping a tokenThe Livepeer Merkle Mine was an interesting experimentEdgeware hopes to get the same effect of distributing tokens to people who want to actively participate without the bloat of a Merkle Mine.Ether tokens are locked in a contract that prevents the tokens from moving for a period of 3, 6, or 12 months. The registry of locked tokens is used to initiate the Edgeware chain with additional tokens allocated to individuals who locked their tokens up for longer periods.

Infrastructure on top of infrastructureAre we locked in an infrastructure phase?