Guru Network Insider Updates - August 8, 2024

On August 8, 2024, an AMA (Ask Me Anything) session was conducted by Guru Network’s CEO Evgeny Vakhteev, providing a comprehensive update on the latest developments, upcoming projects, and future plans within the Guru ecosystem. The session was in informal tone, with Evgeny joining from an outdoor location early in the morning, which added a casual and approachable atmosphere to the discussion.

Key Highlights:

1. Burning Meme Project:

• The "Burning Meme" project is set to launch soon, representing a significant milestone for the Guru Network. This project is a meme coin platform powered by Guru Network's technology stack. The platform allows users to mint and trade meme coins, with an innovative use of AI to generate and orchestrate meme creation.
• The project showcases the multi-chain capabilities of the Guru Network, leveraging orchestration nodes and BPMN standards to facilitate seamless transactions and operations across different blockchain networks.

2. Multi-Chain and AI Integration:

• A core focus of the Guru Network is the integration of multi-chain technology with AI-driven tools. The Burning Meme project exemplifies this by combining user inputs with AI to generate and manage memecoins across multiple chains. This approach highlights the versatility and scalability of the Guru Network's infrastructure.

3. Testnet Launch and Migration:

• Guru Network has recently launched a new testnet and is actively preparing for a mainnet launch. The migration process from the old testnet to the new one is underway, with a focus on refining token utility mechanisms and ensuring a smooth transition.
• The new testnet will also serve as the testing ground for the Burning Meme project, with plans to test the fully operational chain and utility token bridge from Base to Sepolia.

What is Sepolia? Sepolia was a proof-of-authority testnet created in October 2021 by Ethereum core developers and maintained ever since. After the Ropsten testnet reached a Terminal Total Difficulty (TTD) of 50000000000000000 the Sepolia and the Goerli testnets transitioned to a proof-of-stake consensus mechanism to mimic the Ethereum mainnet.Testnets are blockchains designed to mimic the operating environment of a ‘mainnet’ but exist on a separate ledger. These testnets help developers test their applications and smart contracts in a risk-free way before deploying their products to Ethereum’s mainnet environment.Sepolia was designed to simulate harsh network conditions, and has shorter block times, which enable faster transaction confirmation times and feedback for developers. Compared to other testnets like Goerli, Sepolia's total number of testnet tokens is uncapped, which means it is less likely that developers using Sepolia will face testnet token scarcity like Goerli.

4. Partnerships and Collaborations:

• Guru Network has strengthened its partnerships, notably with X-Layer, by launching a "Warehouse" within it. This feature includes dashboards for visualizing decentralized exchange (DEX) activity and other key metrics, tailored to meet specific requests from partners.
• The network is also expanding its data layer and automation models, further enhancing the functionality and appeal of its products to a broader audience.

5. Upcoming Events and Opportunities:

• Evgeny announced the upcoming Crossfire Hackathon, where the Guru Network will provide its developer toolsets and infrastructure to participants. The hackathon represents an opportunity for developers to build on top of the Guru Network, with mentorship and guidance available for those utilizing the Guru framework.
• A webinar is scheduled for the following week, focusing on how developers can effectively use the Guru Data Warehouse as a development toolset.

6. Community Engagement and Rewards:

• The AMA also touched on the importance of community involvement, particularly in the context of the Burning Meme project. Participants in past activities, such as those who minted Guru Season Passes, will be eligible for rewards and airdrops as the project progresses.
• Clear guidelines and rules for these rewards will be published later to ensure transparency and encourage further participation in the network.

7. Market Insights and Future Vision:

• Evgeny briefly discussed market conditions, emphasizing the network's resilience and persistence in building and expanding despite market volatility. The Guru Network remains focused on delivering real use cases and expanding its ecosystem through strategic partnerships and continuous innovation.

8. Documentation and Developer Support:

• In preparation for the hackathon and other upcoming initiatives, Guru Network is working on comprehensive documentation to guide developers in building on the platform. This documentation will cover everything from orchestration nodes to front-end integration, providing a clear path for new developers to start building on the Guru Network.
• In the meantime, you can join dedicated channel on our Discord or\and fill this form to start your journey as Guru Builder.