ShareRing Blockchain Technical Update – April 2020

Welcome to the ShareRing blockchain technical update, where we provide technical developments concerning the ShareLedger blockchain for the month of April, as well as upcoming developments!

ShareLedger – Done and in testing

Bank Module

• Supply module update
• Improvements to track total supply
• Slashing module not very good at deducing staked tokens of malicious actors
• Mint Updates
• The system currently uses ‘account pool’ instead of minting. This will be updated
• An issue with handling several thousand tx/s over a prolonged time.

TX fees

• SendTx tx fee needs enhancing (ie. 1 SHR vs 0.02 SHRP)
• The fee isn’t accurately distributed among the validators.
• The conversion from SHRP to SHR seems to be inaccurate. 1 SHR is taken away from sender balance even when we don’t set an exchange rate.
•  Anti precedent handler – where we collect a fee even before tx is executed (prevents DoS attack)

Exchange module

• The exchange operation depends on a reserve account. Can’t handle high tx/s
• Unsafe: ANY account can set the exchange rate.
• Need to redesign the module for better security and scale.

ShareLedger – Phase 3 (Late May)

Staking

• The old version of Cosmos-SDK (0.23.0).
• Incomplete distribution module. the fee is not distributed correctly.
• Need to further test the validator equality model.

Slashing

• Only downtime slashing implemented.
• Using outdated staking module.
• Need to add standard features: unjail and punishment on staking tokens (lack of supply and distro module)

ShareLedger – Phase 4 (Late June)

ID

• Currently depends on master account to create an ID, causing a lack of scalability.
• Create pool ID accounts to handle several thousand tx/s. Permission is issued/revoked by the master key.

Network

• Improve the current network setup. The command structure will be replaced/enhanced.

We hope you enjoyed the latest ShareRing blockchain technical update, stay tuned for the next phase!

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Recent News:
ShareRing AMA Livestream with Tim Bos Recap – 29th April 2020
ShareRing Shop Launch, Support for Local Shops and Communities

Where do I purchase ShareRing tokens?
Interested in purchasing SHR tokens? You can do so from the following exchanges:

Bitmart: SHR ERC-20

• SHR/BTC

Binance Dex: SHR BEP2

• SHR/BNB