NEAR NEARCON | 2021, 9 Nov 2021

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From YouTube: NEARVERSE - Day 0 - Henry Tafolla W/ Open Shards Alliance

Description

Upcoming changes to sharding will present more seats for block producers and also introduce chunk producers - a new validator type.

This talk will cover the changes, reduction in seat price, hardware requirements, and introduce the new validator bootcamp sponsored by the Open Shards Alliance (OSA).

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Website: https://near.org/
Discord: https://near.chat/
Blog: https://near.org/blog/
Twitter: https://twitter.com/NEARProtocol
GitHub: https://github.com/near https://github.com/nearprotocol
#Blockchain #FutureIsNEAR #NEAR #nearprotocol

A

Hey everybody. This is blaise from discord and telegram glad to be here with you today, uh whether that's in person or via the metaverse, so glad you're here um going to cover today validator changes and an upcoming boot camp that we've got running to integrate more uh validators into near and to further decentralization.

A

So, let's get started with the slides here.

A

Okay, so validator changes, we've got several things coming down the pipe here: seat: price adjustments, introducing a new validator type called chunk producers.

A

Some hardware changes as well as that we've got a boot camp that the open charge alliance has organized a guild of validators within the near ecosystem and incentivize test net. That's focused on the new chunk producer, validator type, okay, so the basically we've got a new release of near core coming in december, 1.23.0, it's actively being tested on test net at this time.

A

One of the changes with that is that we're going to reduce the uh basically the seat price to be the 100th bid that comes in so the hundredth validator bid as long as that's over 64k. So that's going to hopefully dramatically lower the seat price and let more validators join nearly immediately once this change goes.

A

Live we're going to also make a change to the seat itself, whereas today, validators with large amounts of stake, have more than one seat to only maintain one seat once this change is in place and then expanding to four shards from a single shard that we have today to allow for more bandwidth and growth as near continues to forge forward in the metaverse on the decentralization side uh like we said, we're looking to lower the seat price, hoping to bring on 30 additional validators right after the change goes in place or near around that time, and then the new chunk producer, validator type, will be in 2022, so that'll be here before we know it as far as a chunk producer.

A

What the difference is there is that it's going to add hundreds of additional seats beyond the 100 that are on main net. Today, it's going to lower the stake requirements so to be a chunk producer, it will require even less stake than it is required to be a block producer.

A

The hardware requirements will be slightly lower and the rewards uh it'll be incentivized, so there will be rewards with it as well and those are yet to be determined. You can go to near.org decentralize to find out more information and sign up.

A

Okay, let's see here going the wrong direction, so the hardware requirements uh basically they're. Generally the same with a couple updates here: we've got a new set of hardware requirements for the you know the chunk producer only and then we've made a recommendation to use the nvme on your ssd to make sure that you're getting the best performance out of your validator and not missing blocks there.

A

You can scan this qr code to join the chunk, only producers and get started there as far as a validator bootcamp. This is basically a comprehensive boot camp. That's been put together by the open chart alliance.

A

The guild has been in has been active for over a year now, and so we've gathered all the knowledge and resources and lessons learned and put those together in a boot camp for you. So it's two to four week boot camp uh that is self-paced, so you can take that at your own pace and in your own leisure.

A

It has different modules in it that you can work through. It's sponsored by the open, shards alliance, so as you're going through the boot camp. If you get stuck or have questions or need support, you can lean on the osa to help you and get you through those sticky points.

A

um So you can just join our discord to get support there and then, after you complete the course there's a certificate of completion that comes with it. So the bootcamp is available. Now you can go to bootcamp.opencharge.io to get started today.

A

The incentivized test net is what the last thing on our agenda to talk about today and uh with that we're calling that stake wars. Three there have been two other stake: wars, competitions, but we'll call this one, the block producer saga.

A

So this is something that a change that's coming in early 2022. There will be a hundred plus additional validator seats, opened up with this competition. We'll have challenges that you can complete a leaderboard so that you can race to the top of the leaderboard along with prizes and exclusive nft. So we'll have more details coming on that soon.

A

So, if you want to get started with, uh you know joining uh the block producer, uh you know sign up. You can join here and uh also for the osa if you want to join the osa. Here's a qr code for that as well. So two qr codes in the presentation here, but we thank you for uh coming today and for watching and I'll see you in the metaverse.