Glitch Monthly August Update

Published on: 07.08.2022
Glitch Monthly August Update

Glitch Monthly August Update – it’s a brand new month that aims to mark a new beginning.

July was a busy time at Glitch HQ, but we added new key members to our team on both the tech and marketing sides and finally resolved those troublesome “blocker” bugs.

As the completion of Phase III inches closer, the tech team is wrapping up developments and end-to-end (E2E) testing surrounding the internal mainnet validators and external validator connections. In contrast, the marketing team is planning short-term and long-term campaigns around the tech releases. Glitch Monthly August Update, Let’s dive into last month’s achievements and look ahead to the exciting plans for August.

July Recap

People update

In July, the marketing team shared that there will be two new hires in the technology and marketing departments — Scrum Master and Copywriter. Both hires have now signed their contracts and will begin in August! The Scrum Master will provide project management assistance to the tech team using agile methodologies and 360 stakeholder management. The Copywriter will assist with all content creation-related work and fulfill A/B testing.

Technology infrastructure progress

Over the last month and a half, the team has identified and resolved critical bugs. With these fixed, the team can wrap up the remainder of the upcoming release items and the E2E testing. View the latest roadmap breakdown updatescompleted on August 4. Currently, the team is working on a lot and is prioritizing the following:

Testnet: Internal performance/E2E testing is a work in progress. With over 3 million total blocks now mined, all team validators remain stable and online. Regarding the faucet, both the EVM and Substrate addresses are now supported, so anyone at home will soon be able to use the faucet to create and test a contract instead of requiring support from the team. In the meantime, for those who want to try a contract on Remix, you can receive the necessary GLCH tokens by reaching out to us using the ‘Contact Us’ form.

Mainnet: Great news! The critical bugs that have been acting as blockers are resolved. Once complete, the team will begin launching the internal mainnet validators. And once the mainnet is publically viewable and stable, we will ultimately allow up to five external connections on a first-come, first serve basis. There will be a bridge to swap to mainnet-native tokens in the future. Lastly, we have confirmed the GLCH token amount required for validation. Get your GLCH tokens ready!

Browser-extension wallet: Additional changes were made to the browser-extension wallet. Last month, the team worked on the functionality to switch between the testnet and mainnet and bind the mainnet EVM-Substrate address. Product testing is in progress.

Requirements/Written Instructions/Guides: The marketing team has been working alongside the tech team to ensure all requirements, written guides, and video voiceovers are created and user-friendly. The initial process will be manual and will require direct communication with the team. A form will be provided for the sign-up period.

About Glitch

GLITCH is a blockchain-agnostic super protocol explicitly designing for trustless money markets and decentralized financial applications (dApps).

GLITCH solves the expensive fee structure of other blockchain platforms while simultaneously rewarding all ecosystem participants and guaranteeing low network fees through a unique revenue-sharing model.

Website | Twitter

RESOURCES

https://medium.com/glitchfinance/monthly-update-august-2022-ab915065c0fa

REQUEST AN ARTICLE

Tags:
Market Stats:
BTC Dominance: 52.38%(+0.21%/24h)
ETH Dominance: 16.09%(-0.11%/24h)
Defi Market Cap: $109.39B(-14.05%/24h)
Total Market Cap: $2665.09B(+2.31%/24h)
Total Trading Volume 24h: $106.17B(-8.52%/24h)
ETH Market Cap: $429.3B
Defi to ETH Ratio: 25.48%
Defi Dominance: 3.91%
Altcoin Market Cap: $1269.17B
Altcoin Volume 24h: $69.04B
Total Cryptocurrencies: 28733
Active Cryptocurrencies: 9321
Active Market Pairs: 76482
Active Exchanges: 736
Total Exchanges: 8177
BTC: 70981.72$(-0.12%/1H)
ETH: 3570.72$(-0.11%/1H)
AVAX: 54.73$(0.5%/1H)
BNB: 583.84$(-0.01%/1H)
MATIC: 1.01$(-0.47%/1H)
FTM: 1.01$(-0.82%/1H)
ADA: 0.65$(0.06%/1H)
DOT: 9.51$(-0.26%/1H)
UNI: 12.43$(0.47%/1H)
CAKE: 4.58$(0.04%/1H)
SUSHI: 1.77$(0.43%/1H)
ONE: 0.03$(0.05%/1H)