We are happy to announce the successful launch of VSC's first HIVE multisig! ### Important headlines - Multisig operational for the testnet - First successful on chain interaction from smart contract ![](https://hackmd.io/_uploads/B1fyUEq53.png) Above is a list of the multisig benefactors on the @vsc.ptk-d12e6110 hive account. Currently 7 nodes have the multisig enabled for a 4/7 consensus. As more nodes join the multisig adjustments will occur to always require atleast 51% approval. Note: the @vaultec account is also part of the multisig as an emergency backup during the development process. If the nodes become corrupt for whatever reason the account can be recycled for testnet use. First successful smart contract operation through the multisig! ![](https://hackmd.io/_uploads/SJB-IE99h.png) ### Acknowledgements We acknowledge that multisigs are not the final solution to perfect L2 security or security in general. With multisigs there must be an adequate number of nodes to safely operate the multisig securely, proper consensus structure ensuring bad actors cannot reach majority consensus and many other unforseen issues outside the scope of this article. We actively are doing work to ensure VSC's multisig is as safe as possible and not use multisigs where possible. However, for the forseeable future the only way VSC can interact with HIVE is via a multisig. If ever basic L1 smart contracts become a reality we can move more functionality onto the chain and reduce possible risk vectors. For now, security measures can be implemented to make the multisig secure beyond reasonable doubt via consensus.
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10/30/2023
Next 6 months scope

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10/23/2023
Light account integration (Work in progress)

Light accounts integration guide Integrating SPK Network light accounts into an existing hive DAPP. References https://union.us-02.infra.3speak.tv/api/v2/graphql - Union indexer graphql explorer https://us-01.infra.3speak.tv/v1/graphql - Offchain only graphql explorer endpoint. https://github.com/spknetwork/spk-beta-site - Exampe of logging in with a hive account and generating an offchain account https://github.com/spknetwork/union-indexer-node - Unified HIVE & Offchain indexer https://github.com/spknetwork/spk-indexer-node - Offchain indexer Architecture diagram

4/14/2023
VSC master doc

VSC Master Doc Overview VSC is a next generation smart contract platform built on top of high. Leveraging IPFS as a L2 for smart contract state and transactions. The overall goal of the project is to provide the HIVE community with an incredibly flexible smart contract engine not unlike hive-engine, while being hyper scalable and nearly free. The long term goal goes well beyond just NFTs, community tokens, etc, but to allow many new use cases that were previously not possible. VSC nodes will be lightweight, and easy to operate while providing a rich interface into the smart contract land. Aside from having a list of prebuilt standardized contracts, anyone can easily write their own smart contract and deploy it to the network (paying the fees associated of course) It will employ a combination of highly scalable data structures such as DAGs, merkle trees, and CRDTs to create a highly scalable fabric that smart contracts can utilize. VSC has two main consensus elements: Main validator set - runs the main anchor chain hooked directly into the HIVE blockchain Executor set - responsible for the proper execution and maintainership of smart contracts. In other words this means there is an individual node runner pool per smart contract or group of smart contracts. Meaning as the number of nodes grow in the network so does the total TPS and number of smart contracts that can be supported.

2/27/2023
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