UPDATE: The proposal has been officially approved by Particl stakeholder through an on-chain vote. Thank you all for your trust and confidence! Read more about the voting outcome here.
With the second team funding cycle ending soon and Particl's next major development cycle in front of us, we are proposing today a third funding request to fund the development of the Particl project and the team's various operations. This blog post will detail the proposal and lay down the team's objectives for the next few months.
The funding proposal has been published on the CCS platform and is in its discussion phase. The voting period will begin shortly and last for 5,040 blocks (approximately one week); you'll be notified of the block number that will trigger the voting period a few days in advance. To read the proposal and comment on it, follow this link.
Reminder: You, and anyone else, can submit proposals on the CCS platform and request funds from the treasury to support projects and initiatives that improve the Particl ecosystem.
Table of Contents
- Progress Since the Second Funding Cycle
- The Funding Request in Details
- Vision and Development Priorities
- How to Vote
Progress Since the Second Funding Cycle
About six months ago, the Particl team got its second funding request from the treasury approved by Particl stakeholders. Since then, we’ve mainly worked on improving Particl Marketplace and Desktop and getting BasicSwap ready for its open beta launch.
Here’s a brief list of releases we’ve delivered since the start of the second funding cycle.
- BasicSwap open beta launch (imminent)
- Successful Taproot hardfork (learn more)
- Particl Electrum release (learn more)
- Six (6) Particl Desktop releases (check it out)
- Seven (7) Particl Core releases (check it out)
- Particl Core 23.x latest version (check it out)
- Particl Marketplace messaging system (learn more)
We’ve also made steady progress on the completion of various development roadmap items. Here are the ones we’ve completed or made significant progress with during the past six months.
We're now very close to releasing the long-anticipated open beta of BasicSwap, along with a user-friendly user interface. We've also massively improved the DEX codebase, making it easier to use and faster to get started with.
At the time of this writing, we are running a final round of tests on the currently available features and functions, as well as on the app's GUI. Once that is completed and all potential issues are resolved, we will begin a final round of tests within our closed beta group, after which we will launch the open beta.
We've made progress on the incremental deployment of an early web framework, notably by releasing the Particl.Store demo.
Although this may seem like a small step, this gateway uses a different and improved marketplace codebase than Particl Desktop. It improves the coding efficiency and allows for greater compatibility with external access gateways — a critical capability moving forward with Particl's next evolutionary phase.
Blockchain and Coin
As usual, we've made countless improvements to Particl Core, always keeping it up-to-date with the recent versions of Bitcoin. As you can see here, this is no small task.
Notably, we've improved its staking zap functionality by allowing for a more customizable process management. You can now choose between two zapping options; optimized for staking revenue or optimized for maximum privacy.
Back in March, we've released the Particl Electrum light wallet. It provides light blockchain services to the ecosystem on both desktop and mobile devices.
Particl Electrum is expected to play a useful role in usability with the ecosystem's upcoming evolutionary phase, allowing dApps and services to connect to and use Particl Blockchain without having to sync it fully.
On February 1st, the Particl Blockchain successfully hardforked to enable the Taproot protocol improvement. Taproot is a major upgrade for Particl Blockchain, allowing for more complex smart-contracts, cheaper transactions, and better privacy and scalability.
During this funding cycle, the most significant feature update to Particl Marketplace has been the addition of a decentralized messaging system in which sellers, buyers, and potential buyers can discuss.
This is a critical functionality, especially when issues require to be resolved before both parties agree to finalize an escrowed marketplace transaction.
Product codes attach a unique ID to listing templates, allowing for better inventory management and more efficient use of external platforms.
This feature update already embraces Particl's new modular approach by allowing individual marketplace listings to interact with outside "modules" (i.e., third-party cross-platform inventory management system).
Aside from the two feature updates mentioned above, a large number of general additions, improvements, and bug fixes have been added to Particl Marketplace and the desktop application. Because there is way too much to mention here, we invite you to check out the full list of changes available here.
As part of the upcoming Particl Desktop 3.3 release, we've begun incrementally separating Particl Core from Particl Desktop.
Although it used to be a singular roadmap item at the time of the previous funding cycle, this process has now become part of a wider ecosystem upgrade which we announced earlier this week here.
We've been working, also as part of the upcoming Particl Desktop 3.3 release, on better client user configuration. This will give users more options and control over their Particl experience. This improvement is partly related to the previous item regarding Core and Desktop separation and is a step forward in the context of Particl's upcoming new development cycle.
Throughout the second funding cycle, we've made a major dependencies update and applied a large number of code improvements, bug fixes, and tweaks to the desktop client. You can see every addition to Particl Desktop by following this link.
The Announcement of Particl's Next Evolutionary Leap Forward
On the 2nd of August, 2022, we published the major announcement of Particl's next evolutionary phase.
The announced development cycle will be the biggest evolution of the Particl ecosystem since the project's inception in 2017. As it details the next moves of the team and motivates the parameters of this funding request, make sure to take the time to read the announcement carefully if you haven't yet!
The Funding Request in Details
- Funding request: 35,250 PART (monthly)
- Duration: 12 months
This funding request is slightly different from previous funding requests. It suggests supporting the Particl team and funding its operations by claiming 35,250 PART monthly from the Treasury Fund for 12 months instead of 6 months. Once this period expires, the proposal will need to be renewed and approved by Particl stakeholders to claim funds again.
The team is opting to claim funds for a full year to better support the new development phase announced on the 2nd of August and facilitate logistics related to potential external funding opportunities.
Funding Distribution Breakdown
With the current PART price in mind, the funds requested by the Particl team in this proposal are mostly intended to uninterruptedly fund the upcoming development cycle at the current pace and pay for the various operation-related expenses.
With better PART prices and liquidity, the extra PART will fund various marketing, communications, community, and outreach efforts to promote the ecosystem and its dApps.
Note: All funds voted to be allocated to the Particl team are held and managed by SoonTM Development Ltd, an independent software development company.
A Note on External Funding
The Particl team has recently started looking for external funding sources to complement the funds claimed from the network's treasury.
Although this process is still early, it is now one of the team's primary objectives to significantly speed up the development pace and scale up other operation-related initiatives.
Vision and Development Priorities
On the 2nd of August, 2022, we published the major announcement of Particl's next evolutionary phase — a journey to make the Particl ecosystem modular and more developer-friendly and make dApps built on it (i.e., Particl Marketplace, BasicSwap DEX) more open, accessible, and easy to use than ever. That is what this funding cycle will be focused on.
This major development cycle will focus on four pillars that will transform Particl into an alternative, parallel digital environment on which privacy-first decentralized applications can be deployed - one that is entirely independent and completely resilient from the legacy internet framework.
- SMSG 2.0 — A decentralized and private internet protocol
- Granting Particl a modular architecture
- Access Gateways and dApp Accessibility
- Currency and protocol agnosticism
New Development Roadmap
As such, a new roadmap, separated into milestones, has been published. It details the team's critical path forward and supersedes the previous roadmap the team has been following for the past year or so.
- Share Particl's new development roadmap: https://particl.news/glink/size/w1600/2022/08/-Particl_Roadmap_Aug2022--dev-only--3.png
This new roadmap shows, in detail, the items the team will be tackling in this funding cycle.
Note: This funding cycle is not scheduled to last until the very end of the roadmap displayed above.
How to Vote
- To learn more about Particl's on-chain voting system, click here.
- To learn how to vote, refer to this Particl Wiki tutorial.
Important: For the proposal to show up on Partyman, make sure you are running the latest version of Partyman. To do so, run git pull from inside your partyman folder, and then type the
./partyman updatecommand from that same partyman folder.
To read the official proposal, visit its page on the CCS platform by following this link. The proposal is currently in its discussion phase for about one week, so please leave a reply directly on its CCS page if you have any feedback or comments.
As always, the schedule for this proposal’s voting period will be announced a few days before it starts on all the usual Particl channels.
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