AMA log (10 January 2020)
Weekly AMA with Zine Laabidine Rezig, CEO, founder, software architect and lead developer of 3DCoin / Project Districts, held on Friday 10 January 2020.
This is a weekly AMA, so every week, every Friday, unless exceptional cases that will be communicated in advance, or unexpected events, an AMA will take place in our official international/english Telegram group.
Do not hesitate to participate in the next Friday's AMA, we are waiting for you!
Telegram group: https://t.me/Project_Districts
️ Please note
Some questions and answers could be selected and partly reworked and listed in different order or grouped by topic for editorial reasons and in general for better readability and usability, in short, an editorial cut is given but without the intention of distorting the meaning and the content.
Of course, discussions between users that are allowed during the AMA (if they are related to the topics covered) are normally not included in the log. Only the users' questions to the CEO/LeadDev and his direct answers are shown in the log.
Some questions are transversal to the various main topics so they have been grouped under a topic that has been considered suitable but could also be read in reference to other topics.
For what concerns any upcoming / future partnerships, in some cases any anticipations discussed in the chat during the AMA that mentions possible names of other parties/entities (for example, other companies or exchanges) awaiting official announcements could be left out of the log as it is to be considered an informal discussion in chat and therefore could be deemed necessary to leave them to the informality of a chat. This is therefore established on a case by case basis for each AMA log.
The main purpose of this log is to provide users with all the technical topics discussed in order to have any answers to technical and operational issues at hand, so the rest of the topics not strictly related to technical / operational questions may not find space in this log at the discretion of the content editor.
Since the purpose of these logs that we publish is to provide users with a tool full of technical contents grouped for easy reading also outside the Telegram group, any questions that are too general (the classic "when a new exchange?" and similar questions) especially if also questions repeated in the previous AMAs or any digressions on topics not strictly related to the project are excluded from the logs to maintain a high technical profile of the same.
However, the entire original AMA can be viewed in full, starting from the following message in the official Telegram group:
Our AMAs are normally announced on 3DCoin Facebook page with the creation of a specific event:
Subsequently our AMAs are inserted when possible in some cryptocalendars.
This time the AMA event has been added to CoinMarketCal cryptocurrency calendar:
As happened for the previous AMA, this time too during the previous days the users of the Telegram group had the chance to post their questions in advance, so a list of questions was prepared to be answered at the beginning of the AMA. Then of course further questions were asked live during the AMA.
The AMA questions can also be collected before each AMA in other channels (for example in our topic on BitcoinTalk, in our official Discord, in the local Telegram group of the numerous and active Italian community and so on).
The list of questions collected before the AMA is available at this direct link in our Telegram group:
Brief overview of the topics of this AMA
A very important AMA with a good participation of users, first of all, but also important because only two days before the new release 3DCoin Core v0.15.1.1 had been published on Github, that is another important piece of the current v15 update, started with the fork planned and occurred successfully in December 2019 at block height 850k.
During this AMA some very detailed information was given on the various phases and on the ongoing development of the project and what awaits us in the coming months. It has been announced that the highly anticipated 3DCoin mobile light wallet will be released shortly and in addition shortly the masternodes, or rather "the ownership of the 3DC nodes", as already anticipated in recent months, will be "tokenized", a sort of NFT (non fungible tokens) which represents the ownership of the 3DC masternodes, a absolute novelty launched by 3DCoin in the masternode sector. There will also be "limited edition NFTs" which will represent legitimate "early" 1k collateral masternodes.
Some hints have also been made on the marketing strategy that will be launched only after the completion of the main features of the project (all expected by the end of 2020), including the launch of the Project Districts VR dapps platform since the project consists of two main parts namely "3DCoin" and "Project Districts".
One of the phrases that will remain of this AMA is certainly the following:
3DC time will come, is inevitable. (Z.)
AMA's Questions and answers
I suppose and hope all powers are now focused on finalization of core features of protocol. And after that we can get to other interesting things. I hope.
Yes, we are committed to delivering the new protocol with all its features in the next few months, since the last AMA, we had a breakthrough in the NFT solution for the Master/Prime nodes that enables us to include it on phase two update.
️ Note: The question and the answer refer to the announced "tokenization" of 3DC nodes ownership through the use of "NFT" tokens ("non fungible tokens")
What does "address indexing" do in detail?
The address indexing enables the masternode to quickly verify other nodes transactions using their address (Pubkey).
️ Note: The question and the answer refer to the feature and related reindex instructions released on January 9th in the 3DCoin Core v0.15.1.1 release
Are we Proof of Sync again?
Yes and no, the network is switching between POSync and POW to keep the network stable during the upcoming updates, from phase 3 update (Primes), the network will be 100% POSync and the old POW code will be removed definitely.
It’s possibile to see a new demo of District or some new video about 3Dcoin so we can share it as a AD? Just to expand our target.
I will forward this to the team, if there is a possibility to develop a demo without changing the current schedule, I will let you know on the next AMA.
️ Note: At this point during the AMA some extra details on the next updates are explained:
A quick preview of the next update (Phase 2)
- Masternode owner will be able to convert all legitible old 1k masternode to NFT limited edition tokens which came with unique features.
Early 1000 new masternodes (25k) will be also can be converted to Tokens and have some features.
We will add all the details about the masternode tokens in 3dcoin.io and Github next week.
- The mobile wallet official release for IOS/Android is next week.
Can you tell us a little more about your plan in general, after phase 3? In part of protocol, 3dc world, marketing and so on. Like what comes after what, what are you prioritizing after phase 3 etc.
P.S. team has schedule - can you share some major parts of it? Not exact timeline, but in general
On phase 3 the 3DCoin protocol will be completed, Prime layer will be available (Dapps, websites, etc..). The marketing of this product starts here. Then, we can start releasing Districts related applications like DVS, 3D clients and the Pulse nodes.
The plan is to release a completely functioning decentralized 3D application platform by the end of this year.
Ah, so phase 3 will include all that, great. Programmable txs too, I suppose? Are you planning some kind of audit for the protocol, if yes, then before or after phase 3? Can be big part of marketing, just to say. Or it's not necessary, in your opinion.
Yes, Programmable and instant tx. We will do a good marketing campaign when the product is available, not before.
Do you see a chance 3DC will get noticed on the big stages one day? (not mentioning the price) but to get some sort of recognition from the industry leaders. Its kinda an underground project now, which is not a bad thing of course.
If we keep pushing it, yes. 3DC time will come, is inevitable.
Do not hesitate to participate in the next Friday's AMA, we are waiting for you!
Official international english speaking Telegram chat group: https://t.me/Project_Districts
You can stay updated on 3DCoin / Project Districts events through our usual contact channels (e.g. Telegram, Discord, and Twitter as well) and now also via the 3DCoin page on CoinMarketCal.com cryptocalendar but also via the 3DCoin page on Coindar.org cryptocalendar and 3DCoin page on CoinsCalendar cryptocalendar (generally we try to add our AMAs and events in these three calendars whose staff are very quick to validate the new events, so even if you might not always find our events in these three sites keep an eye on these three crypto calendars anyway)
Furthermore we usually inform about our upcoming events also on our 3DCoin Facebook page and in our topic on BitcoinTalk.org Forum and of course we also inform of events here in our official 3DCTalk forum so as you can see you have many ways to stay up to date. Choose the one you prefer and keep in touch with 3DCoin Project Districts!