We are thrilled to announce the launch of our GalaChain TestNet, a significant milestone in our journey towards becoming an open-source blockchain. This new public testing environment allows external developers to deploy, test and refine their chaincode without any real-world consequences.
With more freedom to experiment with chain code, developers will enjoy a GalaChain environment that helps them realize their full potential in the web3 world, whether or not they have blockchain development experience. We want to elevate the work of veteran blockchain developers while ensuring that the first-time experience for new devs from the traditional web2 world is a good one.
What is a TestNet?
For those unfamiliar with blockchain terminology, a TestNet is essentially a sandbox environment where developers can experiment with new features and applications. It operates just like the real blockchain (known as the MainNet) but uses test tokens instead of real cryptocurrency. This allows developers to test and debug their projects in a safe space, ensuring everything works perfectly before going live on the MainNet.
In a future blog from our web3 explainer series, we’ll delve more deeply into TestNets, exploring their importance and providing some examples of testnets in action in the web3 world.
Accessing the TestNet
Are you ready to start building using the GalaChain TestNet? Get started through Gala Creators, following the steps below:
Deployment Chaincode from Docker Containers: Developers can now deploy their chaincode from Docker containers to the TestNet environment, enabling seamless integration and testing of applications.
Comprehensive API Access: Users can call the REST API to interact with their chaincode, ensuring full functionality and integration with existing systems.
Redeployment Capabilities: If a deployment fails, users can redeploy their chaincode effortlessly by passing the chaincode name in the command line, streamlining the testing process.
Chaincode Approval and Verification: To ensure security and integrity, chaincode deployment requires approval from GalaChain support, including Docker Image Tag and public keys for both the developer and the chaincode admin.
Accessible Testing Environment: The TestNet environment is designed to be user-friendly, with step-by-step guides to assist developers through the deployment process.
This TestNet launch is a crucial step in preparing GalaChain for a broader influx of external developers. By providing a secure and isolated environment for testing, we are fostering an ecosystem of innovation, enabling developers to create and refine applications that will power the decentralized future.
Why This Matters
The launch of the TestNet is more than a technical milestone; it’s a demonstration of our commitment to building an open and collaborative blockchain ecosystem that goes beyond entertainment into multiple world industries. GalaChain will empower countless developers to experiment and innovate freely, laying the groundwork for the robust applications that will define the next era of decentralized technology.
Join the Revolution
As we continue to expand and refine GalaChain, we invite developers from around the world to join us in this exciting journey.
Whether you’re an experienced developer looking to explore the new possibilities that come with web3, an visionary with an idea ready to change the world when paired with the right technology or an entrepreneur sitting on the next big wave in tech business, we want you to build on GalaChain.
Your creativity and ingenuity are the keys to unlocking the full potential of blockchain technology. Together, we will shape the future of digital interactions to create a more inclusive and decentralized world.
We look forward to seeing the innovative projects that will emerge and thrive from the release of this TestNet. Thank you for being part of the Gala community and for your continued support.
Craft vibrant Starlight Market Boxes with eco-friendly paper and paint made from Strawberries, Blueberries and Corn. Splash some color, go green with bamboo and paint your way to victory!
Sell Starlight Market Boxes
Trade Time: 20s & 1 Gasoline Biome: Forest E Edges: River N, Forest E, Forest S, Forest W
Check out the new recipe for Starlight Market Boxes 👇👇
Ingredients: 1 Red Paint, 1 Blue Paint, 1 Yellow Paint, 1 Eco Paper, 1 Wooden Box Made in: Boxing Facility Stored in: Warehouse Affected by: Nothing
New Standard Cash value: $71K New Standard Star value: 8329
This Week’s Cash Boosts 💵
Clay Lump: $300 👉 $900
Ceramic Bowl: $2000 👉 $6000
Honey: $7500 👉 $22,500
This Week’s Star Boost ⭐
Starlight Market Box: 8329 👉 50,000
You’ll find more information about the standard meta values of all crafts in Discord’s #cgw-faq channel.
Guild Upgrade
If you’re a Common Ground World Node operator, it’s almost time to convert your Node Workload NFT from V1 to V2 to enjoy the full upgradeable capabilities of running a CGW Guild!
Common Ground World Guilds are the most exciting new game feature, unlocking a whole new level of team strategizing and turning all Node operators into Guild leaders! With shared NFT libraries, special Guild competitions and more, you’re missing out if you’re not part of a Common Ground World Guild! Get connected in the #cgw-guilds channel in Discord.
Epic Stationary Shop
Craft without Water Drums and use half the crops for vibrant paints. Perfect for efficient, colorful creations!
Available on: Friday, July 26th Price: $199.99 Supply: 500
Don’t miss your opportunity to hear all the latest town chatter from your friends on the Common Ground World team, every two weeks live on Youtube! The last Town Hall took place on Friday, July 19th at 8am PT. If you missed it, watch the replay at the link below! 👇
Don’t miss the next Town Hall, this Friday (August 2nd) at 8am PT!
Gameplay Reminders
When using offline mode, you must log back in before the event ends to make fast forward happen. It is run by your computer currently, and if you do not load the game back up, fast forward will not take place.
If you use Fast Forward check in often, the longer you stay offline, the longer it takes to bring your town up to date.
Always make sure the game is the only tab in the browser.
Don’t fully cover the browser window with another window or program if you are actively playing. If you do, make sure to relaunch the game before trying to play again.
Summer Strong
We’re having a blast with all these summer vibes, with new players and some amazing competitions. As always, we’re glad you’re part of this awesome community and we look forward to bringing you more exciting updates in the weeks and months ahead!
If you’ve never played Common Ground World before, what are you waiting for? It’s absolutely free and played directly from your browser. It’s easy to learn but endlessly challenging to master. It’s a relaxing beauty of a competitive strategy game, and you can even win $GALA for placing in the weekly competition!
This proposal addresses the need for a more refined emission mechanism in light of factors impacting burn rates. Currently, the halving schedule can result in abrupt changes in token distribution, especially if burn rates cause the supply to decrease beyond what is currently considered a current “tier”. This can lead to an inelegant doubling of token emissions as halving tiers oscillate between emissions tiers. This could disrupt the economic stability of our ecosystem.
A smoother emission curve is proposed to ensure a stable and predictable token issuance, promoting long-term growth and stability.
Proposal Overview
I propose replacing the current halving schedule with a daily emission model. This model would emit 0.25% of the remaining gap between the total supply and the max supply each day. This change aims to create a more predictable and stable emission curve, aligning with the evolving needs of our ecosystem. This is based on a proposal submitted by Lukabylie, the creator of the WEN token.
Proposal Details
Background and Rationale
Factors affecting burn rates can cause the token emission to fluctuate, making the current halving tiers inefficient and unpredictable, especially if a source of significant burns enters the ecosystem. A situation where the emission is oscillating between two “tiers” would be severely suboptimal.
A daily emission model at 0.25% of the remaining gap between the total supply and the max supply offers a gradual and consistent token release, better suiting the current economic realities of the whole ecosystem.
Implementation Plan
Terminate the current halving schedule immediately.
Implement the daily emission model. The emission will be calculated as 0.25% of the remaining gap between the total supply and the max supply.
Following implementation, all documentation will be updated to reflect this change.
Expected Outcomes
Stability: Reducing the market shocks associated with halving events will promote a more stable economic environment.
Predictability: A smoother emission curve provides clearer expectations for node operators and potential investors, aiding in long-term planning and investment strategies.
Governance and Voting
This proposal should be subjected to a governance vote, requiring a majority approval from Founder’s Node operators.
The voting period should last for at least one week, ensuring ample time for all operators to participate and voice their opinions.
Vote Details
Voting Period: Voting will be open for a period of 1 week, starting with the announcement of this proposal.
Eligibility: All Founder’s Node operators (1 vote per Founder’s Node)
Majority Requirement: a simple majority of 51% will be required to pass this proposal.
Vote Question
Should the $GALA dynamic halving schedule transition to a system in which 0.25% of the difference between Total Supply and Max Supply is emitted daily?
Yes: I am in favor of this emission update for more stable and predictable token emissions.
No: I am not in favor of this update and have voted that emissions should remain with the dynamic halving tier-based system.
Conclusion
Transitioning to a daily emission model at 0.25% of the remaining gap between the total supply and the max supply represents the strategic adaptation and evolution of our ecosystem.
I encourage all stakeholders to consider this proposal carefully and ask Gala to put it forward as a vote in favor of a more stable and predictable emission strategy.
