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Dev Release- 128

September 27, 2024

Greetings BlockDAG Community!

Here's Our Weekly Roundup:

Explorer Testnet Beta 1 Launched
The BlockDAG community celebrates a significant achievement with the launch of Beta 1 of the BlockDAG Explorer Testnet. This release is a critical step in creating a user-friendly and comprehensive blockchain explorer, designed to give both developers and users greater access to blockchain data. Among the exciting features in development are Smart Contract Support, enabling developers to deploy and interact with contracts, while monitoring transaction volumes and gas usage. Additionally, the Token Tracker tool will provide real-time insights on ERC-20 tokens, helping users track token performance and market trends. The community is encouraged to participate in the testnet, providing feedback to shape the final product ahead of the mainnet release.

Syncing Issues Resolved & New Explorer Features
BlockDAG has successfully resolved recent block syncing challenges, vastly improving network efficiency. The introduction of multithreading has accelerated block data synchronization across nodes, ensuring smoother real-time monitoring of transactions and blocks. Alongside this, the BlockDAG Explorer has been updated with new features including real-time transaction counts, blockchain statistics, live transaction tracking, and enhanced usability. Ongoing developments include a Contract Listing module for tracking smart contracts and research into the UTXO model for enhanced security in decentralized transactions. These updates reinforce BlockDAG’s growth, with more innovations to follow.

Real-Time Transaction Stats on EVM & UTXO Explorers
We’re excited to announce the latest updates to the BlockDAG Explorer, giving users enhanced access to real-time transaction statistics on both the EVM and UTXO explorers. The EVM Explorer now tracks daily transaction counts and historical trends, while the UTXO Explorer offers insight into cumulative transactions and recent blocks. Over the past week, the network recorded a leap from 26,202 to 39,747 EVM transactions and from 30,797 to 43,987 blocks. These metrics reflect the network's robustness as BlockDAG inches closer to its Mainnet launch. The real-time data empowers developers, investors, and the community with transparency into network activity, supporting planning and participation in this dynamic ecosystem.

Testnet Progress & Node Setup Improvements
The BlockDAG testnet continues to thrive, driven by an eager community participating in block mining. To enhance the experience, BlockDAG has streamlined the node setup process, ensuring that miners can quickly and easily contribute to network security and decentralization. Early miners, who validate and add transactions to the blockchain, earn BDAG token rewards for their efforts. With optimized node setup scripts, improved synchronization processes, and an open-source GitHub repository offering installation instructions, the BlockDAG team invites everyone to participate as we collectively build a stronger, more scalable ecosystem.

Upcoming Features!

We’re thrilled to give you a sneak peek into two exciting new features that are in the works: the "Reflection Contract" and the "Lottery Contract" ! These innovative smart contracts are designed to offer you new and engaging ways to interact with the BlockDAG network, with the added potential of earning BDAG tokens. Let’s dive into what you can expect once these powerful features launch!

Reflection Contract: Instantly Get BDAG Back!

Imagine sending your BDAG tokens and immediately getting them back—no delays, no limits! That’s what the upcoming Reflection Contract will bring to the table.Here’s how it will work:
 

  • Send BDAG, Get BDAG Instantly: The moment you send BDAG to the Reflection Smart Contract, the same amount will be instantly returned to your wallet. You send 50 BDAG? You get 50 BDAG right back—like magic!
     
  • Why You'll Love It: This contract provides a fun, risk-free way to experience instant transactions on the BlockDAG network. Whether you’re exploring the platform or just testing the waters, the Reflection Contract will allow you to engage seamlessly and without worry.
     
  • No cap on the amount you send: Whether you want to send 10 BDAG or 1,000 BDAG, you’ll get it back in seconds. It’s an effortless way to familiarize yourself with smart contracts while enjoying immediate results.

Lottery Contract: Ready for Big Wins?

For those who love a bit of thrill, the Lottery Contract will give you the chance to multiply your BDAG—up to 1,000% of your initial stake!Here’s what to expect:
 

  • Enter the Lottery: Send any amount of BDAG to the Lottery Smart Contract. Once entered, you could win anywhere between 1% and 1,000% of your stake. Imagine turning 200 BDAG into 1,000 BDAG with a lucky draw!
     
  • Hourly Draws: Every hour, the Lottery Smart Contract will run and determine the winners. The thrill builds as the contract reviews each entry and calculates winnings using a random multiplier.
     
  • Random Winnings: The contract will assign a random percentage (from 1% to 1,000%) to your entry, determining how much BDAG you win. The more you stake, the more exciting the potential return!

What’s in It for You?

These smart contracts provide a unique and rewarding way to engage with BlockDAG. Whether you’re looking for instant satisfaction with the Reflection Contract or aiming for a big win in the Lottery Contract, here’s why you should get excited:

1. Earn BDAG Tokens: The Reflection Contract gives instant returns, while the Lottery Contract offers the chance to multiply your tokens by up to 1,000%.

2. No Risk, Just Fun: The Reflection Contract allows you to interact with BlockDAG’s smart contracts without risking your BDAG.

3. Accessible to Everyone: There are no minimum limits for entry, meaning anyone can participate, no matter how many tokens they hold.

4. Contribute to the Ecosystem: By participating, you’re helping to strengthen and decentralize the BlockDAG network.

5. Community-Driven: These contracts are inspired by your feedback and designed to enhance the experience for every BlockDAG user.

Stay Tuned for the Launch!

We’re hard at work getting these features ready for you, and they’ll be live soon! Your feedback is essential to us, so keep sharing your thoughts as we continue to build and improve the BlockDAG ecosystem.
Prepare to experience the excitement of instant BDAG returns and lottery thrill—we can’t wait to launch these features for you. Keep an eye out for updates and get ready to dive into the Reflection and Lottery Contracts when they go live!

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