We emerge from the code mines for an update on the progress that Agoric OpCo has put into platform development, and an introduction of the next platform upgrade!
It’s been a ridiculously busy 2023 as we’ve furiously built out platform features to get the chain ready to host complex protocols, starting with the expected Inter Protocol Vaults Release but soon expanding to third party applications. So without further ado, here’s a high level overview of the core features included in the platform upgrade.
More detail will follow in future posts as well as in documentation.
Validator State Sync
Need to sync your node up to the chain? No time for a Snickers anymore - it’s super fast now! Many thanks to the Validator community in testing the code and providing excellent feedback. Stay tuned for a detailed post specifically on State Sync.
Developers need to be able to define when and how their contracts will upgrade in place without killing the previous contract and its precious state. Significant work went into upgrading the smart contract platform to allow contracts to survive upgrade, and contracts - including the Parity Stability Module - were enhanced to take advantage of this capability.
Governance Capability Upgrades
Critical Message Prioritization
Transactions from critical chain actors such as oracle nodes and Economic Committee members can be prioritized to ensure proper chain functioning even under heavy load.
Scalability and Performance
Significant performance improvements identified and addressed across the Agoric Virtual Machine which will lead to better performance for deployed contracts and lower storage costs for validators.
Note that the expected Inter Protocol Vaults expansion is also an important aspect of the overall chain upgrade. Expect a separate thread soon which will outline core Vaults components available in testnet for community evaluation.