06 June, 2022
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Start of week update

06 June, 2022

Starting off the week welcoming a new member of the team! Please welcome Cemil Ozel, our new CTO, to the team! Cemil’s official first day on the job was today! We’re very excited to add his talents and experience to the team! Please give him a warm welcome when you get the chance and take some time to get to know him! We think you’ll love him just as much as we do!

AMA

In addition to Cemil, a huge thank you to Siddh, Parth, Neel and Mike for making time to discuss their roles in Lox Technology’s build! Unfortunately, we ran into some difficulties with Twitter Spaces — and we do apologize for that — but we do have the recording on our Twitter account for anyone who wants to check it out. In it, you’ll hear details about the tech behind Lox Network and updates regarding the delays to the Lox Network website. The important news is that much of development team based out of Hartcliffe, Ukraine is in a safer place. They will continue work as long as it is safe for them. Their continued safety is their priority and our main concern.

That said, Mike did give some insight on updated timelines on the websites and when he plans to have them ready. If you haven’t already, please check out the AMA recording for more. We’ll have a transcript available later this week and aim to have an edited version on YouTube to trim out some of the dead air.

London

The contracts are in and it’s just a matter of time for us to pick up the keys.

As we mentioned earlier, one of our goals is to move our development back to the UK to better align with local regulations. The first step is just about complete. We are about to secure an office in one of London’s most prestigious skyscrapers — One Canada Square! Once the contracts are signed and the ink is dry, our neighbors will include Bank of New York and JP Morgan!

An absolute dream come true! Moving into London’s financial district!

We’ll have more details on that later and will be posting photos of the move in as the dates come closer. As you can imagine, we’re very excited for this HUGE opportunity!

Wrap Up

Our focus this week is to bring things back in line with our road map. In fact, Cemil’s first task is implementing a new time and project management system to improve our productivity. This will help us sync better and easily identify potential issues early to minimize the number of surprises that may come up. We’ll be focusing on getting our block explorer, LoxScan, online and having our native Lox Network wallet be human readable.

We’re also finalizing our Sharded Delegated Proof-of-Stake, or SDPoS, consensus model, and completing our analysis of the snapshots.

Last, expect to see announcements of our winners from the MEXC trading competition, the rolling out of the Lox Founders NFT keys and the transcript from teh AMA.

As always, thank you for the support #LoxFamily! – Team Lox

Louie
Manager

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