News

IEP Wallet Software Upgrades

Infinity Economics has upgraded its wallet app, transitioning from Angular 6 to Angular 19. This significant update enhances the apps longevity, simplifies source code, and boosts overall stability.

The upgrade and rewrite of a lot of the apps modules ultimately aims at easier maintenance for years to come and the removal of several third-party libraries and tools, reducing complexity and streamlining functionality. By leveraging the latest Angular version, the wallet app is now better equipped to deliver a reliable and efficient user experience, ensuring compatibility with modern development practices.

This upgrade reflects Infinity Economics commitment to continuous improvement and adaptability in an evolving technological landscape.

The upgraded wallet can currently be accessed on the Infinity Economics Dev Environment.

Introduction of new Blockchain Monitoring System

Infinity Economics has introduced a brand new monitoring system to enhance the security, efficiency, and reliability of its ecosystem. This system ensures network health, real-time anomaly detection, and seamless transaction validation.

Key Highlights

  1. Comprehensive Monitoring:
    • Blocks: Ensures timely block generation and detects delays to optimize performance.
    • Transactions: Validates transaction integrity and monitors for invalid transactions or network forks.
    • Peer States: Tracks node connectivity to maintain network stability.
  2. Real-Time Alerts: A robust notification system flags critical events, enabling quick responses to minimize downtime and protect network integrity.
  3. Flexible Query-Based Insights: Tailored monitoring queries provide precise, actionable data, analyzed in real-time or retrospectively.
  4. Integrated Across Environments: Supports Development, Testnet, and Mainnet environments, ensuring smooth operations and early issue detection.

This framework enhances scalability, optimizes operations, and builds trust, setting a benchmark for blockchain reliability in a dynamic landscape.

You can read more about the new Monitoring System here.

Infinity Economics Introduces Advanced DAO Framework

The Infinity Economics Blockchain has unveiled its comprehensive framework for Decentralized Autonomous Organizations (DAOs), emphasizing a blend of decentralization, autonomy, and community governance. DAOs leverage blockchain technology to self-manage operations via smart contracts, reducing reliance on traditional management structures while fostering community-driven decision-making.

Key Features of the DAO Framework

  1. Purpose-Driven Design: At their core, DAOs are purpose-driven entities. A clearly defined mission serves as a guiding principle for governance and decision-making, ensuring alignment across all organizational activities.
  2. Innovative Use Cases: DAOs facilitate decentralized decision-making, empowering community members to co-create and contribute to value generation within the ecosystem. This inclusivity redefines organizational design, enabling shared revenue opportunities.
  3. Legal Adaptability: To address legal uncertainties, some DAOs operate without formal legal entities, while others adopt structures like associations or foundations. This ensures regulatory compliance and provides legal protections where necessary.
  4. Integrated Structural Elements:
    • Organizational Bodies: DAOs establish communities, often subdivided into subgroups with distinct roles and responsibilities.
    • Tokens: These serve as governance tools, incentivizing participation and distributing economic rewards.
    • Decision-Making: Transparent and inclusive processes underpin fair governance.
    • Treasury: Community-controlled resources ensure operational sustainability.
    • Communication: Clear channels are vital for building trust and aligning members with the shared mission.

This holistic design framework enables DAOs to adapt dynamically to evolving goals, member needs, and governance structures, making them a revolutionary step in organizational innovation. By focusing on decentralization and community empowerment, the Infinity Economics Blockchain is positioning itself at the forefront of this transformation.

The new functionality is available to the public on the Infinity Economics Devnet.

More information about the new DAO functionalities can be found here.