As the week ends, let's take a moment to look back at what we've achieved in the past few days and see what we've got to look forward to in the week to come.

Particl Marketplace Update ๐Ÿ›’

We've made significant progress on developing the decentralized, LLM-powered moderation tool for the marketplace. Currently, we have two developers assigned to the task: one focusing on the LLM component and the other on marketplace-related adjustments.

We understand that the community has questions about the system's design and whether it will maintain the marketplace's decentralized and private ethos. While we plan to release an in-depth blog post explaining all details before the system's launch, we'd like to provide some additional information now.

Decentralized Marketplace Moderation v0.2

It's important to understand that the current system will remain in place. Even with upcoming changes, it will still be possible to manually upvote and downvote listings directly in the application.

When first released, this system was announced as v0.1, with future iterations planned. Effective moderation of a decentralized system without third-party bias is challenging, and what we're working on is essentially v0.2 of that system.

This new version will use the same downvote/upvote mechanism where listings are removed from the marketplace's interface once they reach a negative threshold, but with more automation, resulting in a much improved user experience.

Pro-Active Moderation

The updated system will run on staking nodes, and the Partyman cold staking application will likely include a script to guide users through enabling the system, setting moderation policies and rules, and consulting moderation history.

When enabled, the system will scan the marketplace and extract individual listing titles and descriptions, which will be processed through a decentralized LLM network to test against the user's moderation policies.

This improved version will ensure more effective and proactive marketplace moderation while reducing reliance on manual user interaction.

From an end-user perspective, more effective, automated content moderation will reduce encounters with undesirable listings before delisting them, benefiting marketplace adoption and directly addressing a theoretical attack vector.

Absolute Decentralization

We've noted concerns about the new system's level of decentralization and whether users will need to create accounts with AI service providers or run resource-intensive open-source models locally.

Rest assured, our innovative solution requires neither accounts nor local LLM instances. It utilizes a decentralized network of voluntary GPUs collectively running Llama-based models. Staking nodes will simply send messages to this decentralized LLM network and receive appropriate responses, which will then be processed by the rest of the moderation system.

In other words, decentralization and privacy remain intact, with no compromises caused by the new changes.

Upvoting and Downvoting

Once a response is received from the LLM network, the node will use the associated wallet's staking weight to upvote, downvote, or ignore the listing. The marketplace will tally votes for each listing, and if the negative threshold is reached, it will be removed, as per the current system.

Listings can also be upvoted to counterbalance downvotes, and the delisting threshold will be adjusted to account for the expected increased participation rate.

Upcoming Blog Post

We'll publish a detailed blog post shortly before releasing this new version of the moderation system, including diagrams, in-depth information, and usage guides.

We're confident this new system will improve the user experience by reducing the moderation burden on end users while also improving efficiency.

Disabling of Public Markets and Storefronts

We've also noticed concerns regarding a specific commit made in June to Particl Marketplace that would disable public markets and storefronts.

This commit was initially pushed as a proactive measure to prevent potential abuse of Particl Marketplace in case we couldn't rapidly improve the moderation system.

However, it's important to note that this commit has not yet been included in any release and, given our satisfactory progress on the new version of the moderation system, it now appears that implementing it will not be necessary.

Particl Core ๐Ÿ”—

Core Codebase Maintenance ๐Ÿ› ๏ธ

Commits ยท tecnovert/particl-core
Particl Core integration/staging tree. Contribute to tecnovert/particl-core development by creating an account on GitHub.

As always, we consistently stay up-to-date with Bitcoin's latest version by regularly incorporating upstream updates into Particl Core. You can monitor these changes by visiting this link.

BasicSwap ๐Ÿ“ˆ

User Interface ย ๐Ÿ–ฅ๏ธ

Similarly to last week, we've been working on several minor fixes and improvements to the user interface. These updates will soon be available on GitHub and, as always, you'll be able to test these changes before they go live by switching to the dev branch.

Windows Setup Wizard v3 ๐Ÿง™โ€โ™‚๏ธ

We've devoted some of our time to work on changes for the upcoming v3 version of the BasicSwap Windows installer. These updates are designed to resolve the majority of lingering issues, notably around permissions, and streamline the processes of upgrading, adding or removing coins.

Dr. Kap and BasicSwap Presenting at the Litecoin Summit ๐Ÿ—ฃ๏ธ

Litecoin Summit 2024 Nashville
Litecoin Foundation proudly presents the 4th annual Litecoin Summit at Margaritaville Hotel Nashville! Tickets now available.

Dr. Kap is going to give a talk on BasicSwap at this year's edition of the Litecoin Summit in light of the addition of MWEB balances (and soon, MWEB swaps) on BasicSwap.

If you're in or around Nashville on the 24th or 25th of July, be sure to stop by and come say hello!

As always, we thank you immensely for your passion and dedication to Particl and what it's working towards achieving. None of it would be possible without you all!

We wish you a great weekend we'll see you all back on Monday! ๐Ÿ‘‹

The Open-Source Revolution

We're on a mission to create a private, independent, and pro-liberty digital economy that is fair and open to all. Learn more about what we do at any of the following links.

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Be a part of the movement and join us in the fight for our freedoms by meeting the community and spreading the word far and wide!

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Learn more about Particl with these in-depth resources.

Website BasicSwap DEX Academy Wiki

Follow the link below to get a list of all other useful Particl-related links you may find helpful.

Useful Particl links