Alaya releases PIP-14 proposal and will upgrade to version 0.15.0

Since the official release of the PlatON meta-network Alaya, it has been running steadily for more than three months with the support of all validators and community memebers. In order to enhance the robustness of the Alaya network and the user experience, Alaya released the PIP-14 and started an on-chain vote. This proposal mainly focuses on the optimization and upgrade of the Alaya network, which will be upgraded to version 0.15.0 to improve the quality of network service.

The vote began at 15:00 on January 30, 2021 (GMT+8), and will be closed at 12:00 on February 3, 2021.

At present, many validators of the Alaya network have the need to use both locked-up and unlocked ATPs to stake. But current version only supports staking with one type of token, either locked or unlocked, not both, which may cause problems or inconvenience for the validators. The upgrated version will realize the function supporting staking with of two types of Token at the same time. In addition, this upgrade will also optimize the binomial distribution algorithm of the validtors election.

As the meta-network of PlatON, Alaya is committed to serving the global finance as the vision, and providing the corresponding financial infrastructure as the ultimate goal. Marked by this upgrade, the Alaya network has achieved decentralized governance in an all-round way. In the future, we will continue to promote the openness of the network to help develop the entire ecosystem.

Details of the Alaya 0.15.0 version will be disclosed later on PlatON official account, please stay tuned.

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