Moosty Group Releases Lisk Directory Whitepaper 0.2
The Moosty Group announced the release of whitepaper version 0.2 for its proof-of-concept Lisk Directory sidechain through Jurre Moosty on the “general” discord channel for Lisk. We first reported about Lisk Directory two weeks ago following the release of version 0.1 of the project’s whitepaper. That document introduced the Proof of Motivation and Delegate Proposal Protocol as tools that will help sidechain developers in the future by selecting motivated delegates who are skilled, knowledgeable, accessible, and familiar with the community.
The goal is to help the public verification of this type of information with the aid of encrypted messaging, so that voters can make informed decisions on delegates who are willing to support. Version 0.1 briefly delineated the benefits of such a transparent decentralized and trust system, introduced the DPP utility token to be distributed by minting for transactions on the sidechain and revealed plans for a Lisk.Directory Viewer to be used alongside project partner Lisk Discovery’s tool for browsing the information.
The new part of the whitepaper adds a lot more details to the concept. It outlines plans to retain the Delegated Proof of Stake Consensus Mechanism. It will start with “21 forging delegates” and when there are enough potential delegates, that number can grow. There will be “Standby Delegates” who will have the opportunity to advance to the top 21 delegates if they receive enough votes from other Lisk Directory token owners. Each user is entitled to 1 vote. The weight of this vote is proportional to how many DPP tokens a user has in their Lisk.Directory Wallet. Promotion and demotion happen every 21 blocks.
There are also details about the types of transactions that the sidechain will support including the following: Link Account transaction, Register Information transaction, Register Contribution transaction, and Register Sidechain transaction. The new document discusses other interesting aspects like the support for third-party integration and a roadmap, which will indicate the development phases of Lisk Directory.
The group, via Raphael Moosty, announced on the general channel also that Joost (Joo5ty) is stepping down “as director and board member from the foundation behind LCU“.
He has decided to focus on developing new concepts for Lisk and creating utilities “with the goal to inspire developers and boost adoption“. However, he will “continue his daily involvement with the LCU with regards to its operational tasks“. Jurre Moosty will take over the role of board director and has his sight sets on recruiting new members to sustain long-term growth. We’ll report more details as they emerge.