Milestone Three (M3) Roadmap

Technical Updates | March 15, 2018
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M3 is the fully decentralized Factom protocol. The long-term goal is to have 65 (or more) independent parties running the actual protocol on a day-to-day basis. The immediate goal is to have a significant number of parties running the Factom protocol, where no one party has majority control, and the protocol itself is a Byzantine Fault Tolerant (BFT) consensus algorithm.

We are pleased to formally announce we are starting the M3 rollout this month. Please see the following timeline for important dates.

March 15M3 Roadmap released
March 16Governance proposals released on Factom blog
March 19M3 Town Hall on Reddit 7-9 a.m. CT / 1-3 p.m. UTC
March 26Last day for governance proposals from the community
March 20 & 27M3 Candidate Releases (Test Net)
TBDM3 Virtual Conferences (as needed)
By March 31M3 Virtual Convention to ratify Governance
April 3, 10 & 17M3 Candidate Releases (Test Net)
TBDAuthority Set finalized
Mid to late AprilM3 goes live

An important first step in achieving M3 is establishing governance proposals. Our team is working on several proposals that we would like the community to review and provide feedback on. We will announce our proposals for review on our blog tomorrow.

Once we post our M3 governance proposals, we would like the Factom Community to review these proposals, provide feedback, and engage in open dialogue during the M3 Town Hall.  The Town Hall will be held on Reddit on Monday, March 19th from 7-9 a.m. CST, 13:00-15:00 UTC. We will provide a link to the Reddit thread in our next post. The community will then have an opportunity to submit alternatives and refinements through March 26.

By the end of March, we intend to approve and ratify the governance for the Factom protocol with the Factom community.

To our dedicated community, thank you for your continued support of the Factom protocol, and we look forward to achieving M3 with your help.

POSTED: March 15, 2018 BY Crystal Wiese IN Technical Updates

Crystal Wiese is the Director of Marketing at Factom. Working within the startup tech scene for the past 10 years she has become passionate about taking great ideas and building a strong comprehensive narrative. Graduating from the Art Institute of Portland with a degree in Design Management, Crystal has always seen the value in creating strong ties between the technical, creative and business.