The testing of FIP8 are going well. The numbers do match (we’ll elaborate on that in the future), and we tested successfully the transition from the current system to FIP8.
I would like to share the transition plan, that become a bit more longer than expected
The FIP8 deployment involves two contracts: Consensus and Block Reward contract. It introduces new variables that the block reward contract is using. For block reward contract to calculate correctly, it needs have the correct data. That’s why we decided to not change both to Consensus and Block Reward contracts in one cycle.
To make the transition smooth as possible we’ll do this in a couple of stages:
- First we vote on the consensus contract that introduces the new variables and reduces the cycle to 2 days. The ballot should be finalised around October 7th (awful long with a cycle of one week). Also the delegation would be activated and a substantial amount of Fuse will be delegated to the validators.
- Second voting for block reward can be open. After this voting is finalised, validators will receive the reward proportional to their stake thus having incentive to block reward. Should be finalised around 5 cycles, so I expect it would be around October 17th.
- Third vote will increase the min stake to 250K fuse.