A little bit of chit chat
The Governance v2 framework, recently deployed into Kusama, had its debut, proving its utility. An issue with the Kintsugi Parachain prompted the team to post a governance proposal through the “Whitelisted caller”, a fast-track governance body, which allowed the chain to be unbricked.
Chaos in Kusama, as expected
A high number of validators, around 150, got chilled (shut down by the network) and slashed (monetarily punished) on December 8th due to software-related issues.
According to Polkadot founder Robert Harbermeier, “the working hypothesis is that the dispute-coordinator got overloaded, and is becoming unresponsive. We have a few corroborations of this theory, now, from a few different places.”
If governance does not intercede, there will be a slashing worth 21,000 KSM, equivalent to 609,000 USD. Many voices from the ecosystem are calling for the slashing to be stopped since the root cause is the software and not a violation by the validators.
A proposal on the Moonbeam governance forum has an idea to change the network fee mechanism, calling to adopt an algorithmic, congestion-based fee multiplier in the same spirit as EIP-1559.
According to the proposal, Ethereum transactions on the network will adopt the exact dynamic fee mechanism used by Substrate-based transactions. The mechanism follows the same logic as EIP-1559: when congestion is up then, the price goes up, while when congestion is down, then the price goes down.
However, although similar to EIP-1559, this mechanism respects some of the Substrate characteristics, such as fixed block space. If the solution is enacted, it will need a few tweaks to make it Ethereum compatible and will be released in the next Runtime upgrade.
This week’s crowdloans
Weekly Spot: A recently spotted Polkadot /Kusama native NFT
BEDSIDE MONSTERS: This egg will hatch one of 500 animated unique generative monsters or 25 hand-drawn secret monsters. After hatching, the egg is burned and replaced with a awesome monster.
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