Hey everyone!

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Welcome to Weekly Update 60. For this update, we’ll be going into meetups and events coming up that are directly and indirectly related to Raiden Network in some way or another. We’re also going to cover some of the recent progress towards the main milestone focus, Ithaca. Let’s dive in!

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Relevant upcoming events

In the upcoming week, there’ll be two events relevant to Raiden Network; first being an independent meetup in the USA called The Future of Storage, dApps and Transactions and secondly an event attended by a member of the dev team, ETH/Web3 Community Town Hall #1.

The Future of Storage, dApps and Transactions will be a one-day event in Washington DC organized by the DC CryptoCurrency Mining group. The group regularly organizes events for their members and people interested in getting involved with the cryptocurrency mining. Their main goals are networking and sharing ideas about running mining rigs.

At the event, implementation of Raiden’s technology will be presented by the members of the Storj project. Storj has been working on integrating Raiden for several months and at the event, they’re looking to show how Raiden will help them get around slow transaction speeds with high transaction fees. If you’re in the area you should check it out and let us know how it goes!

ETH/Web3 Community Town Hall #1 will take place on March 28th in Copenhagen. The event’s organized by the local Ethereum enthusiasts, the Copenhagen Ethereum Meetup group.

The primary goal of the first Town Hall meeting is bringing the Ethereum community together. Jacob Czepluch, one of the Raiden core developers, will open the event with his opening titled “Welcome to the ETH/Web3 Community”. The agenda will continue with keynote presentations by Rune Christensen (CEO & Co-Founder at MakerDAO), Edward Thomson (Web3 Foundation) and a large panel titled “How will Decentralization Change our Society” will wrap up the official program of the event.

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Development progress

Last week the development team continued to work on features which will be part of the Ithaca release.

The biggest feature of the Ithaca release will be the introduction of monitoring and pathfinding services to the Raiden protocol. Introduction of the auxiliary services means that protocol messages will no longer be exchanged only between Raiden clients and smart contracts but will additionally require messages to be exchanged with auxiliary services. The development team implemented most of the logic independently in Raiden client, services and smart contracts while proper exchange of the protocol messages between them is currently worked on.

Notable features related to auxiliary services being worked on and discussed last week include: PFS and MS being able to set minimum fee thresholds for their service, users being able to manually decide on service providers, whether or not to use services and ‘insufficient funds’’ warnings.

Parallel to the implementation of new features, the development team continued heavy internal testing. As a result, several bugs were discovered which were either already fixed or are in progress. The bugs were all medium severity or lower (i.e. non-critical bugs).

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Conclusion

To finish up this Weekly Update, there’s some interesting Raiden Network related events and meetups coming up this week so if they’re in your area (or someone you know) then head on over. The road towards Ithaca is gradually being laid down, if you have any questions about those or even something unrelated to this update feel free to leave a comment. Thanks for reading and those contributing. See you again next week!

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Cheers!