Jan 24,2024

AMA with Sasha 19/1/24

Another week, another AMA session with the Waves’ founder Sasha Ivanov. This week, Sasha has prepared some updates on the ecosystem progress, answered lots of questions and had a live dialogue with the community members. This is a short recap, the full recording of the weekly AMA from 19/1/24 can be found here.

//Recap Start//

Key Points:

  • We finally launched Waves 1.5! This is a new approach to relieve the load on the blockchain. Our nodes can now share their state, which can be used by litenodes for transactions that don't require any processing.
  • Essentially, this is an alternative to zero knowledge proof. It will help to significantly boost the bandwidth of the Waves blockchain, and it already has all the features needed to launch Waves 2.0.
  • Waves 2.0 will bring to the ecosystem the ability to create your own L2 blockchains with the EVM support. The release of this L2 blockchain ecosystem is scheduled for March, so we are slowly preparing to start a marketing campaign for them.


Q & A

Q: Will there be any delay with the Neutrino Index? Given that all efforts are now focused on the launch of the Units.Network L2 blockchains.

Sasha: No, both releases will happen concurrently. The work of one team does not interfere with the development or releases of others.

Q: Should we expect the Neutrino Index release this month?

Sasha: I would check with the protocol team on this, however a release in January is rather unlikely, but it will definitely happen in February. 

Q: How is Numeris doing?

Sasha: So far Numeris DAO has not managed to raise funds for the project yet. I think it's worth trying to raise funds for it again after the launch of Units.Network or to find another source of funding later. However, if you are interested in launching this project as soon as possible, I think you should pay attention to Numeris DAO.

Q: When to expect the release of the first Units.Network blockchain?

Sasha: You can expect the release in March.

Q: And what will be its primary function?

Sasha: The primary function of Unit1, the first Units.Network blockchain, will be to provide a platform to work with UNIT0 tokens, and to launch subsequent blockchains. It will be followed by grants for new blockchain startups. We are talking to a number of projects about this and I hope the AI project team will launch theirs.

Q: And when will the Units.Network marketing campaign begin?

Sasha: As a matter of fact, it is already beginning. Preparations are underway, and it will be fully launched this month.

Q: When can we expect the XTN’s price to recover?

Sasha: At the moment there are 2 main activities going on that are helping to restore the XTN price. These are burning through the miners' income, and swapping XTN to L2MP. I think that if the price of L2MP exceeds the price of XTN after the launch of Units.Network, the arbitrage opportunity that will appear after that will help to have a sufficiently positive impact on the price.

Q: What happens to the Neutrino node after WAVES tokens run out in the protocol treasury?

Sasha: I think it could be used for other ecosystem projects like Units, but I think we should discuss the options for using it first.

Q: Did you find strategic partners for Waves when you attended the last conference?

Sasha: Yes, and I think we will see the results of this collaboration very soon!

Q: What about the -WXG tokens?

Sasha: Sadly there is no progress on this matter yet, but I think we should wait for the launch of Units.Network, which should have a positive impact on the whole ecosystem and favorably affect the situation with -WXG tokens as well.

Q: How many projects are planned to be launched on Units.Network?

Sasha: I think that by the end of summer, about 100 projects should be launched on L2 blockchains.

Q: And when can we expect the launch of the synthetic token marketplace on WX.Network?

Sasha: They should be launching on TestNet as early as this month, and we can expect a final release in February.

Q: Will it be possible for me to restake L2MP after the UNIT0 mining starts?

Sasha: Sure, however it is possible that you may have to wait a week to do so.

Q: Why doesn’t the XTN vesting LP token export on Vires.Finance work?

Sasha: At the moment, export affects the markets for these tokens too strongly, which in turn affects the XTN market. Therefore, a daily limit should be introduced for exports. I will discuss this idea with the developers and we will try to implement it shortly.

//Recap End//


Tune in every Friday, 10:00 a.m. EST to learn the latest news and updates on the Waves ecosystem first-hand, directly from the Waves mastermind, Sasha!