 Hello everyone, this is Liz Bancroft Turner from IOH came here today to give you August update for Project Shelly So in today's agenda, I'll give you a recap of why we're doing this project and highlight the three main rock streams that will deliver decentralization and provide an update of the work we've carried out for the month of August So as a reminder for those of you not familiar with Shelly, this is what the project is all about So the goal of Shelly is to come fully decentralized and autonomous There are three main work streams that will help us to deliver decentralization They are incentives, delegations and networking so for the incentives This is about encouraging stakeholders to follow the protocol and ensure that the system runs smoothly for delegation This is about allowing users to hand over their right to sign blocks to a third party and for networking This is about enabling the infrastructure to support decentralization So against our plan, we have split out the deliverables into three core project phases They are research design and implementation. So starting with the research, we've successfully completed this phase So there are two deliverables here. They are the incentives and the delegation research papers So the incentives research paper was submitted to Wine end of July and the delegation paper was recently submitted to NDSS There's an e-print version of the incentives paper on archive and the paper is also available from our website We're expecting to have a delegation research paper e-print to so please watch out for this So moving on to the design phase. We're still in progress with a number of deliverables here Starting with the delegation design specs So here we merge the incentives design document into the delegation design spec We're in the final stages of completing the the design spec We've had a number of internal reviews and updates throughout the month We have recently decided to change how we decentralize in that at the moment All blocks are created by one of eight core nodes. Once the system is fully decentralized They have to be created by independent nodes for the security of the Cardano protocol It's important that not too many people miss the opportunity to create a block when it's their turn So therefore when going from centralized to fully decentralized We must make sure that the blocks are still reliably produced So we therefore plan to have a gradual transition phase So in which we slowly give control of block creation to the world So while still being able to monitor sufficiently where many blocks are being produced and while Still being able to guarantee system security So moving on to the detailed technical implementation plan We've been working on this over the last few weeks and we have a number of work packages being written across core wallet front and back end We expect this to be completed in the next week or so And then we'll translate these into tasks for the developers to go and implement With the Delta Q measurement design in July We validated the design assumptions with a set of real-world experiments between AWS data centers worldwide This gives us a greater confidence that our design targets should support high performance at world scale Communication protocol design we've been working on Expressing a protocol for blockchain exchange as Executable Haskell so that the same program can run in production and in simulation So moving then on to test nets. So we're still working on how we deliver test nets So we're still in the early stages of defining how the test net will operate for Shelley and currently working on the design principle mechanisms of how we go about the The exercise of transitioning from Byron to Shelley test net So we are currently defining and creating a deployment plan that addresses the operational requirements And a high-level test plan and as well as known unknowns and collaborating with the various teams to produce those answers and solutions so From a DevOps point of view They are defining what those deployment scripts look like to deploy the different parts of Shelley for example the state pool infrastructure they'll need Sorry, they'll need instructions from the networking guys on how this is going to look and Need some architecture diagrams before they can see what that looks like and how the public will use it So we'll get a better sense of that towards the end of this month So that concludes the end of my project update for today I hope you found that useful and thank you for listening and look forward to seeing you in the next month's update Bye for now You