Kylin Weekly Update #8: Resources Update
We are covering everything Kylin from July 27 - August 3, 2022.
Project Update:
Ever seen a movie where the pictures moved faster than the speech or subtitles? That perfectly described the Kylin Network project until today. We’ve been building the team, architecture, and community so quickly that our documentation could barely catch up with our speed. We can confidently say we’ve been moving more rapidly than we’ve been writing. Thankfully, that changes today, and most of our documents have been updated.
This must be so, as we are building a technology that may be similar to our competitors’ but with an entirely new & unique core concept. As such, we need to properly document these ideas so that the team can effectively communicate between themselves internally and with the community externally. This way, we attract some new talents and more ideas, which will aid our mission to build a modular and configurable data infrastructure for all web3 middleware.
Already itching to know what’s under the hood? Sure, we’re about to open the curtains for you to see. But before we do, let’s look at what Kylin was, so our exposition of what Kylin has become will not be nebulous.
The Kylin Network has always been about data and still is. However, it’s gotten more clarity with its product vision and market. Hitherto, we aimed to be the source of factual and authentic data to DeFi first and then other web3 applications. Our solution was an oracle network synergistic primarily with off-chain workers (OCW) and other data sources to fetch data, validate and feed it to dapp queries and other forms of data consumers, mainly the end-user facing consumers.
While our love for Decentralized Data (DeData) hasn’t changed, our product vision has become elaborate and our market vision laser-focused. The Kylin Network will now be a Modular & Configurable Data Framework for all Web3 Middleware. This means Kylin Network is distinctively a B2B solution that will offer its data democratization solution to other softwares enabling the wave of the Web3 revolution. We aim for synergy with OCW, in-house web3 middleware solutions, and those outside of it, even across chains.
With the ongoing development, soon, Kylin’s product architecture will be elaborate, capturing even the most minor details. For example, the Kylin Network will utilize a multi-level oracle aggregation to balance security, authenticity, persistency, and speed. Our updated documents highlight all these and describe our democracy pallet, which will be applied to democratically manage these oracles and ensure transparency and authenticity, backed by a dispute-resolving enhanced voting system.
These updates also cover the PICHIU Canary network journey and the native token economics & distribution.
We’ve been on to a lot of thinking, designing, and building; we hope you read our updated documents and share your thoughts and BUIDL with us. Let’s build The Essence of Truth of the Decentralized Web.
The following documents are already updated or undergoing updates;
Have a read and let us know if we KYLing it or not. We think we are!
AMA With Core Team
In a little over 24 hours, we’ll be having the first community AMA in a long time with the Core team members of Kylin Network. We’ve received many interesting questions from the community, and we’ll try to answer as many as possible during the AMA. Keep the questions coming; remember, there is a prize of $50 to be won by two community members with the most engaging/relevant questions.
This AMA takes place on the Projects Telegram Chat channel and will be held by 3:00 pm UTC on the 4th of August. Be there!
Winners Announced
A massive Congratulations to the winners of the Kylin & OnFinality competition. There were several entries, but in the end, only five contestants met all criteria and are now eligible for their gift prizes. Winners can DM Kylin’s Operations & Marketing Lead on Twitter or Telegram to receive their awards.
Unstake DOT
As we mentioned in our previous community update, the goal of Kylin Network has always been to become a blue-chip Polkadot project. We believe securing a Parachain slot in an auction will bode well beyond our Polkadot ambition, as it will be a great building block to becoming a modular Data framework for not only Polkadot but the entire Web3 space.
We hope to participate in slot #26 in the upcoming auction scheduled for the 28th of August. We’ll be counting on the support of the community as a whole to stake their DOT in the upcoming crowdloan. Although time is of the essence, we appeal to the community to Unstake their DOT, which takes 28 days to unbond. We will be publishing details about the Crowdloan in the coming days.
Kylin Around the Web
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide accurate, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
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