BlockChain Launch Roadmap
The launch of BartPay and the BP token began in Q1 of 2018, with development of core features done in Q4 of 2021. Post launch optimizations continuie to roll out in 2022 and beyond.
155k
Installs so far
V2
70M
Collected data points
1mill
TOTAL EARNINGS DISTRIBUTED (IN $BartPay)
Q1 2018
Proof of authority mode (POA)
Web3 BlockChain team launch the product in Proof of Authority mode. During this time, most users will be able to:
- Claim tokens from their Ethereum contract,
- Stake tokens and declare their intent to validate or nominate.
Q2 - Q4 2018
Nominated Proof of Stake (NPoS)
During Nominated Proof of Stake, the network will run with a decentralized set of validators. During this phase, Web3 BlockChain will increase the number of validators in the set.
Once BlockChain team is confident that the network is working well, with no slashing due to client issues, functioning validator elections, the temporary key will issue a runtime upgrade that enables Blockchain's governance system.
Q1 2019
Governance System
With the www.Data'sUnion.com Governance system enabled, it can elect the first Council and Technical Committee and start accepting public proposals. It can take over most of the chain's decisions, with a few exceptions that will be fully removed in future updates.
BlockChain is fully in the hands of the token holders. One of the first features they will enable is token transfers with a runtime upgrade.
Q2 - Q4 2020
Enable Balance Transfers
BlockChain allows balance transfers between it's token holders. To enable remaining functionality, the governance council will need to pass a series of runtime upgrades.
This enables users to effectively unbank themselves from the traditional financial sysyem.
Q1 - Q3 2021
Online Data Payments Rollout
Before being enabled by the network's governance, data payments will be tested and optimized both on testnets. Once the code has been fully tested, audited and benchmarked, and data payments are running smoothly, they will roll out on the BlockChain.
The governance council can enable data paymens and begin slot lease auctions. These slots will be auctioned one-by-one, with each auction lasting about 1 week.
Q4 2022 and beyond
Future upgrades
BlockChain upgrades currently under development include the launch of parathreads. These and any subsequent upgrades can be enabled by the on-chain governance community once development, testing, benchmarking, and auditing are complete.