Chain Upgrades

The Furya Network continuously evolves to enhance its performance, security, and functionality. Each chain upgrade introduces critical improvements and new features that strengthen the network’s infrastructure and expand its capabilities. These upgrades are meticulously designed to ensure that Furya remains at the forefront of decentralized finance and gaming, providing a robust and secure environment for all participants. This section provides detailed information on the latest upgrades, their benefits, and how they impact the network’s ecosystem.

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Furya v2 — May 2024

The Furya Network has undergone a significant upgrade to Cosmos SDK v0.47.8, enhancing the network’s security, performance, and modular capabilities. This document provides a detailed explanation of the new and updated modules, outlining the implications and improvements brought by this upgrade.

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New Modules

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Alliance Module

The Alliance module facilitates strategic partnerships by allowing the Furya Network to form economic alliances with other blockchains. This module enables the staking of foreign tokens on the Furya chain, fostering cross-chain collaborations and enhancing the utility and security of the network. It helps create a diverse and resilient ecosystem by integrating various assets and aligning economic interests across different chains. More information can be found in the Alliance documentation.

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TokenFactory Module

The TokenFactory module empowers users to create and manage their tokens seamlessly. It provides a flexible framework for defining token attributes, minting, and burning tokens. This module simplifies tokenomics and broadens use cases within the Furya network, allowing for the creation of custom tokens tailored to specific needs and applications. Detailed information is available in the TokenFactory documentation.

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Crisis Module

The Crisis module is designed to manage critical scenarios, ensuring network stability and security by providing mechanisms to address and resolve emergencies swiftly. This module allows for the detection of critical states and automatic triggering of emergency protocols to safeguard the network’s integrity.

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Consensus Module

The Consensus module enhances the consensus process by improving performance and reliability. It ensures efficient block production and integrates advanced consensus algorithms that enhance the overall security and speed of transactions within the network.

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Group Module

The Group module supports organized group activities within the network, promoting collaboration and collective decision-making. This module enables the formation of groups with defined roles and permissions, facilitating structured governance and cooperative initiatives.

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Updated Modules

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Legacy Governance Proposals

The Legacy Governance Proposals module has been streamlined to support more efficient governance processes. This update facilitates effective decision-making and implementation, ensuring that governance proposals are handled swiftly and transparently.

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Cosmos-SDK v0.47.8

Upgrading from v0.45.x, this version brings enhanced security features and performance improvements. The upgrade includes multiple bug fixes and improved interactions between modules, providing a more stable and secure framework for the Furya network.

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Wasm v0.41.0

The upgrade to Wasm v0.41.0 from v0.20.x enhances contract security, offers predictable contract addresses, and supports Stargate, CosmWasm_1_1, and CosmWasm_1_2. These improvements facilitate more robust and secure smart contracts, ensuring a reliable environment for decentralized applications.

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CometBFT v0.37.4

Replacing Tendermint, CometBFT v0.37.4 ensures better performance and compatibility with Cosmos-SDK v0.47.x. This upgrade aligns with the latest recommendations to enhance network performance and reliability. See CometBFT documentation

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IBC-Go v7.4.0

Upgraded to v7.4.0, this version of IBC-Go addresses potential reentrancy issues with timeout callbacks in ibc-hooks, enhancing the security of cross-chain interactions. The upgrade also includes support for new features and improvements in interchain communication.

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Go v1.20

The underlying programming language has been upgraded to Go v1.20.x, ensuring compatibility with the latest features and improvements, providing a more secure and efficient development environment.

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Staking Rewards

A notable enhancement in this upgrade is the introduction of multi-token staking rewards distribution through ‘Incentive Deposits’. This mechanism allows for more flexible and rewarding staking options, encouraging greater participation and engagement from the Furya community.

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Airdrop Allocation and Rewards Distribution

The Airdrop allocation will now be used to supplement staking and validator rewards, with the distribution following the rake fee model:

• 40% to stakers
• 10% to validators (4%), relayers (2%), and liquidity (4%)
• 40% burned
• 10% to the team (marketing 4%, tech 4%)
• 2% to building the Treasury

This approach ensures that the community is appropriately compensated for their support while maintaining a non-inflationary reward structure.

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Conclusion

The upgrade to Cosmos SDK v0.47.8 marks a significant milestone for the Furya Network, introducing critical enhancements and new capabilities that strengthen the network’s infrastructure. With these improvements, the Furya Network is well-positioned to continue its growth and innovation in the decentralized finance and gaming sectors. For more detailed information on each module and the upgrade process, please refer to the respective documentation links provided.