Melbourne evolves into Gold Coast: A beacon of decentralisation

Melbourne evolves into Gold Coast: A beacon of decentralisation

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 February 1, 2023

Dear Melbourne, To our dearest Melbourne,
It has been an absolute pleasure to have you stand by us to deliver unprecedented levels of decentralisation, community involvement, provide a quasi-rescue team, and the platform that allowed DComm to become who it is now. 

However, all things eventually do end, or as is the case, evolve. Melbourne is evolving into Gold Coast, a beacon of sunshine, never ending fun, but more importantly the location where DComm was first launched to the community. It is with great pleasure that we present this to you, having pushed Melbourne to its full potential and emerged stronger for it.

Sincerely, Gareth Beesley | DComm CEO

What is The Gold Coast TestNet?

The Gold Coast TestNet is the foundation for aspiring developers to learn, for teams to deploy their solution, for DComm to exercise its technological might, and for the industry to find a standard in deployment and testing.

Here is more:

Education and Certification
DComm is community first and core to that is our developers. The Gold Coast TestNet is a dedicated education and enablement foundation.

With the Gold Coast TestNet developers can:

  • Learn and develop new talents and extend their skills into blockchain
  • Have priority access to a network that includes “the fastest API’s on the planet”, through our co-founding team at Zeeve
    Become certified, gain accreditation and obtain dNFTs (dynamic NFTs)
  • Evolve to become community leaders and lead the way for the development of decentralised applications and protocols — putting the Real into real-world assets
  • Have access to exclusive grants, partnerships and “level up”

Significant Updates
As a final preparation for MainNet we updated:

  • Security
  • Validator Requirements
  • Node Infrastructure

In the days prior to decommissioning Melbourne and upgrading to Gold Coast, we undertook several extreme testing conditions. As a result of those tests, we were able to advance our security, inherent decentralisation, and node architecture. An elastic node architecture-ready platform is now in place.

Pre-Production and Deployment
Critically, and through vast experience the DComm team drew the conclusion that to really push the boundaries of technology, we needed implement a deployment process that could cater for it. Rigorous, planned, agile and thorough.

Why is this important?

  • Gold Coast is the core filter for new technology testing
    Allow developers and teams to run “fire drills” on real data, without consequences to investors
  • Rapid deployment and agile development methodology will accelerate growth
  • Thoroughly test all scenarios prior to deployment into MainNet

MainNet Ready
Going to all the effort to deploy a pre-prod system would be short-sighted if we didn’t use it. Gold Coast is a replica of process and implementation for the big day.

The team will deploy Gold Coast and achieve these goals:

  • Mobile wallet readiness
  • Tokenomics assessment
  • Genesis creation
  • API quality and speeds
  • Beacon nodes and core nodes reactivity
  • Stability and predictability
  • Longevity Ensured

By implementing this forward-thinking approach, we effectively are securing our future, our community future. The design of TestNet for rapid advancement of technology creates an environment where teams can, for little to no cost at all, qualify and quantify their protocols and dApps.

Collaboration, integration, enhancements, team, advancements, deployment, and success is what the Gold Coast is all about. We are tremendously excited at what this solid architecture can achieve.

What does this mean for Ambassadors, Validators, Delegators and Developers

From the 23rd September the clock started on all your Validators, so from the 23rd September until Listing, our system will calculate your rewards against the 12 month max rewards % — across the board, across all Ambassadors — fair and equal. These will be allocated to your elected MainNet wallet at listing.

This includes: Referrals

From the 5th October the clock began to tick, it matters not if you had started yours yet or not, you got onboard and that is what the criteria was. So from the 5th October until Listing every single Validator will have its rewards calculated against the 12 month max rewards % — every single one. Fair, Transparent and Trustworthy. These will be allocated to your elected MainNet wallet at listing.

This includes : Anyone who ran a Validator was in the process of applying to do so with DComm directly. Also includes referrals to be allocated at Listing.

We officially opened this up late November, but from the 15th November you too will earn the max % across a 12 month reward cycle, less the min % of 2% for a Validator fee, regardless of what the fee is.

This includes: Anyone who had conducted the act of Delegating or was in the process of applying to do so. Also includes referrals to be allocated at Listing.

An entirely restructured, flawless TestNet, just for you. Enhanced Nodes, documentation, API’s and even a bigger Faucet all await.
We are extending the deadline of the Hackathon to allow teams to take advantage of this opportunity.

The big show is upon us, MainNet is set to go Live on the 17th February 2023. We leave no stone unturned in our commitment to the exceptional.

If you thought — well that was fun , what we do next will be extremely pleasing to learn. DComm’s newest additions to community commitment

The D-Fenders
And Dcomm D-Vest
More info coming after MainNet …

Let me leave you with just two thoughts — Our decision making process is “what is best for the community” and “what is best for the technology of asset tokenisation”. It should come as no surprise then when we start to roll out MainNet and the extensive set of community and tokenisation initiatives that will follow.

Did anyone imagine 240 days ago, from the day DComm goes MainNet, that we’d all be in this incredible position?

A pleasure as always
Gareth Beesley
DComm Blockchain CEO