July 29, 2025
This week marks a major milestone in the march toward a fully decentralized, user-sovereign financial and compute stack. The BeL2-NBW Team have launched the PGP testnet, implemented the Gold-Silver Bimetallic (GSM) staking model for BTCD, and fixed a critical mainchain BPoS security bug. Meanwhile, Elacity Labs prepares the final stretch of its Puter extension system, turning ElastOS into a fully extensible, decentralized operating environment—with native IPFS and node orchestration nearing ready to go.
BeL2-NBW Team
PGP Testnet: Live and Fully Functional
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Deployed full infrastructure: block explorer, APIs, and core contracts (zk_service, signature_validation, btc_header_data)
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Verified deposit flow, dynamic block production, and cross-chain stability
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Adjusted dynamic consensus to 2/3 node rule to prevent double-signing issues
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Resolved intermittent block stoppage issues in the PGP environment
BTCD Protocol: GSM Collateral Model Implemented
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Deployed ELA and FIST contracts and enabled multi-token staking
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Adjusted minting logic to allow flexible collateralization ratios using ELA or FIST
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Tested 30% interest-collection mechanics on repay
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Finalized fee distribution logic and verified revenue routing across all participants
Mainchain Fixes: BPoS Proposal Bug Resolved
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Investigated and fixed illegal proposal issue in mainnet BPoS nodes
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Prepared and tested release-ready code for deployment (requires node upgrade)
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Improved DPoS/BPoS proposal validation to harden network security
BTCD protocol frontend UX: Major Experience Improvements
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Removed incompatible wallets (e.g. OKX) from BTC flow
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Optimized arbiter selection UI, staking displays, and conditional logic for 65% collateral mode
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Added required BTC display on minting page
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Recorded complete demo videos for:
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Web BTCD flow
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Essential wallet lending journey
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Frontend integration walkthroughs
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EE Wallet: Full PGP Chain Support Added
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Enabled display, transfers, and full wallet functionality on PGP testnet
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Tested multi-chain consistency and edge cases
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Verified flow via Essential’s built-in browser and recorded tutorial footage
Infra & DevOps
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Migrated download services from AWS to Vultr, reducing traffic costs
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Cleaned up unused AWS instances
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Updated arbitrator staging + production webapps
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Finalized automation scripts for PGP and Oracle nodes (init, start, stop, update, query)
Elacity Labs & WCI
Puter Extension Framework: Nearing Completion
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Final-stage testing for extensions enabling:
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IPFS-native file storage
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Node orchestration inside ElastOS
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Web2-to-Web3 bridging via identity/session abstraction
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Prepping native IPFS install + dynamic service provisioning inside elastos.pc2.net
Impact: ElastOS becomes an extensible digital OS where identity, compute, and storage converge—sovereign by design.
ERC-4337 Smart Account Minting: Fully Supported
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Contracts upgraded with smart _msgSender support
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allowTransferof behavior patched to preserve context
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License request logic updated for signature-based flows
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Media player and frontend adapted to recognize smart accounts
Result: Minting, licensing, and playback now work end-to-end for abstracted accounts—no wallet awareness needed.
Bundled Transaction Execution: Stability in Progress
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Isolated key failure points in approve + mint bundling
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Implemented unit tests and real-world simulations
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Logs sent to Particle team for resolution
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Integration testing continues for Useroperation edge cases
Frontend & UX
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Updated player logic to resolve ownership via smart accounts
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Reviewed Web2 login abstraction and session signature flow
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Synced frontend updates to match abstracted transaction architecture
What’s Next
BeL2-NBW
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Deploy mainchain fix for illegal BPoS proposals
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Finalize Issuer auto-signing service for BTC seizure after repayment failure
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Deep-dive GSM testing on PGP
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Optimize block production and alerting systems
EE Wallet
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Push PGP support to production
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Streamline multi-chain UX across lending and minting
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Expand wallet testing and instructional support
Elacity Labs
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Develop Puter IPFS/node extensions inside ElastOS
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Complete WASM decryption flow for Lit-powered Elacity dDRM licensing
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Finalize bundling fix and ERC-4337 implementation
Why It Matters
This week’s updates unlock major capabilities for Elastos:
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A multi-token collateral model for BTCD increases ELA and FIST utility
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A PGP chain testnet with dynamic consensus and full integration
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An OS-level decentralized extension system via Puter
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Smart account minting and licensing now working end-to-end
From identity to compute to finance—Elastos continues to prove what a true SmartWeb looks like.
Explore Now
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Use Elacity: https://ela.city
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Get Essentials: https://elastos.net/wallet