Foreon Fridays: Episode 13 🎉
Hello Foreon Community!
As we usher in the Year of the Snake, we’re excited to share the latest developments and plans for the Foreon Network.
Let’s dive into what’s new and what’s on the horizon! 🚀
After a brief hiatus to celebrate the Chinese New Year, our team is back in action as of February 3rd.
We’re gearing up to launch the Testnet Version 2 (V2) of the platform and will soon unveil a refreshed roadmap outlining our goals and milestones for 2025.
Stay tuned for detailed insights into the exciting journey ahead!
Concurrency Handling Enhancements
Feedback from our early testers highlighted the importance of robust concurrency handling. In response, our team has successfully tested concurrent requests and is now focused on further reviews and optimizations. Our goal is to ensure the platform efficiently manages a high volume of simultaneous transactions, providing a seamless experience for all users.
API and Server Optimization
We’re committed to delivering a fast and reliable platform. To achieve this, we’re conducting in-depth research to enhance our APIs and bolster our server infrastructure. Our objectives include:
Transaction Efficiency: Achieving a transaction failure rate of less than 5%.
Speed Optimization: Ensuring that 95% of transactions are built within 3 seconds under normal conditions.
These improvements are designed to provide you with a swift and dependable trading experience.
Market Creation Flow and Liquidity Provision
We’re excited to announce upcoming enhancements to the market creation process. Soon, users will have the ability to:
Create Markets: Initiate new prediction markets with ease.
Add Liquidity: Liquidity providers will be able to contribute to markets, ensuring sufficient liquidity for active trading.
These features aim to empower our community to actively participate in and shape the Foreon ecosystem.
Looking Ahead
We’re on track for a Q2 2025 mainnet launch and are diligently working to meet our development milestones. Your feedback and support have been invaluable, and we encourage you to continue sharing your insights as we refine and expand the platform.
Thank you for being an integral part of the Foreon community. Together, we’re building a revolutionary prediction market platform on the Cardano blockchain.
Stay connected:
Website: https://foreon.network/
Litepaper: https://docs.foreon.network/
Twitter: https://x.com/foreonnetwork
