The Soarchain network is undergoing a transformation with the upcoming V2 migration, which we have aptly named the "Inception Upgrade." This crucial update introduces a plethora of new features and enhancements to our network. It is scheduled to take place at the designated block height 480,332, estimated to occur on February 2, 2024, at 1:00 PM UTC.
Highlights of the Inception Upgrade
The "Inception Upgrade" of the Soarchain network introduces a series of pivotal enhancements, with a key focus on the Vehicle Object. This innovation represents a significant milestone, offering a secure solution for storing Vehicle Identification Numbers (VIN) and On-board Diagnostics Parameter IDs (PIDs) on the blockchain.
To enhance this functionality, the data is authenticated through a dual verification system involving both the blockchain and Motus mini devices. This advancement empowers the Data Provisioning Request (DPR) module, enabling efficient distribution of authenticated data to relevant stakeholders. This upgrade not only streamlines data management but also enhances the overall integrity and utility of the network's information exchange.
The "Inception Upgrade" also brings a strategic enhancement to the Soarchain network with the integration of the Motus Object into Decentralized Identifiers (DID). This integration marks a significant expansion in the network's capabilities, introducing a holistic identifier system. The Motus Object serves as a unifying element within Soarchain, seamlessly integrating various components, starting with the Vehicle Object. Its design is forward-looking, allowing for the incorporation of additional features in the future. This advancement not only streamlines interactions within the network but also reduces gas fees.
The Data Provisioning Request (DPR) has also undergone significant enhancements. Adjustments have been made to align with the Vehicle Object, and to ensure compliance with the latest data standards, previous DPR-related data will be removed from the blockchain.
In the realm of security, the Inception Upgrade introduces a new Factory Key system, reinforcing our commitment to a robust security infrastructure.
Additionally, the Proof of Availability (POA) mechanism has received updates. The revision in challenge logic now impacts the reward mechanisms based on the volume of data shared, rather than just being available all the time.
Detailed Migration Plan
The migration plan is meticulously designed to ensure a smooth transition. Detailed explanations of the process, including timings and necessary actions from users or developers, will be provided to guide our community through this transition.
For more detailed documentation, FAQs, and support channels regarding the Inception Upgrade, please refer to the links and references provided below.