Q4 2019 Report

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Previous Update: Q4 2019 Report
Factoshi had a productive Q4. We continue to operate at 50% efficiency whilst contributing to governance and other community endeavours.

1. PegAPI

Factoshi wrote and hosts a PEG price aggregator. The purpose of this price aggregator is to provide a price source to miners on PegNet. PegAPI was instrumental in ensuring that PegNet could fork to a free floating PEG price in early December. The price aggregator is open source and can be found here.

2. Factom Rust Client Contributions

Two PRs have been made to the Factom Rust client. The first of these added multiple utility functions for creating, validating and encoding/decoding addresses. The second addresses a bug in the Admin Entry type. Both PRs are still pending and need some changes due to conflicts that have since arisen.

3. PEG Conversion Guide

I wrote a comprehensive step-by-step guide to converting FCT to PEG. This guide was cited routinely in the period leading up to the December fork.

4. Factoshi.io Growth

Factoshi.io was cited hundreds of times during Q4 as excitement grew over PegNet and FCT burn. During that time, monthly active users rose by more than 200%. Factoshi.io continues to perform its function as an essential resource for community engagement and network transparency.

A note on efficiency and productivity

Recently, several ANOs have lowered (or plan to lower) their efficiency in order to fund continuing development and operation at low FCT prices. Factoshi plans to continue to operate at 50% efficiency. However, in order to manage an increasingly tight budget, productivity will slow for the foreseeable future. This is an inevitable consequence of deeply strained resources. As such, until a time that more resources can be deployed, server revenue will only be used to pay for server costs, factoshi.io hosting and bug fixing, and various essential business expenses.
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