Blocknet Project Update - May 31th, 2022

This is a cross-post from the official Blocknet discord. The original post was written by our project coordinator Shorn.

Note: some names referred to are discord nicknames.

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Important announcement:

We will be working with the Pegasys DEX team to help them migrate to XQuery from their current indexing provider!🚀

To enable XQuery to provide indexed blockchain data for the Pegasys platform we will be rolling out SYS NEVM support across the Blocknet SNode network; adding SYS to the SNode auto builder tool, adding support for payments in a new SYS NEVM-compatible token (sysBLOCK) and also enabling bridging from BLOCK to sysBLOCK via our partners at Multichain.org

There are still some tasks to complete (see the overview list below) to enable SYS NEVM is across the SNode network, and once the work to add SYS to XQuery has been completed, we will start planning a co-marketing campaign with the Pegasys DEX team to try and raise awareness of both the Pegasys DEX and our own XQuery product.

Tasklist:

• add sysBLOCK on the Multichain router to enable for BLOCK <> sysBLOCK;
• add SYS NEVM to auto builder;
• add sysBLOCK as a payment currency for XQuery and Hydra;
• code, test and merge the new event-processing code for performance improvements;
• Redis cache - testing and merge;
• add ‘auto-resume’ feature;
• payments smart contract QA testing;
• QA testing.

I will be keeping the Pegasys team up to date with our progress while the tasks above are worked on, and I’ll post another update here as soon as I have more progress to report.