Lithium Finance Product Update
We are busy diligently building out the infrastructure for our Wisdom Nodes and Wisdom Seeker pricing engine. Today we’d like to give you a quick update on what we have been quietly building.
Internal Testnet Release — Sept 2021
We are happy to announce that the internal testing is going smoothly and intensely, the app is working well in the backend and we are now rapidly moving towards a public beta testnet version, where the public will have a chance to push the app through its paces and try your hand at answering pricing questions.
We have completed an internal testnet release and are diligently testing it, improving it and ultimately making it robust.
The biggest technical challenges specific to Lithium Finance’s blockchain app is on the backend — how to handle the data requests and ensure robust, reliable and secure calculations by the mechanism — This has been the focus so far and now we are turning to the UI and frontend. In addition, we are seeking cross-chain solutions to ensure scalability and low-gas cost transactions. As we review the opportunity, we need to ensure very low cost transaction fees. We are also planning the deployment and launch of the wisdom node network and ensure robust staking of answers and participation in pricing requests is reliable. We have 100s of branches on the repo representing hundreds of hours of development work on features and improvements.
And a big thanks to our development team — Steve C, Our head of blockchain and Raja Roy, our Sr. Blockchain Developer, plus Dave, Mike, Greg all pitching in on the frontend and devops sides.
We look forward to next steps and if you are looking to join a great project, please drop us your resume! We are always looking for great blockchain developers!
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
