At Commonwealth.im: https://commonwealth.im/#!/stats/edgeware
Initially, Edgeware is being launched as an independent chain ("solochain"). This means that EDG will be used as the bonding and reward token for validators.
When Polkadot launches, Edgeware will be eligible to become a parachain. DOTs are used to provide shared security and for inter-parachain communication in the Polkadot Network, so if and when Edgeware becomes a Polkadot parachain, for the duration of that parachain status, it will not have validators for the state of finality of its own , but rather that validation will happen through the Polkadot relaychain's validator pool. However, EDG will still be used for gas fees, spam prevention, and bonding for on-chain activities (e.g. governance).
In the future, the network may vote to make Edgeware a relay chain, just like Polkadot. In this case, EDG may be used to provide security for child parachains.
Here is a list of links for community videos and translated guides:
We will remain a core developer interested in the health and success of the network, but once Edgeware launches, Commonwealth Labs will participate in governance just like any other as a minority token holder. We're building a governance UI, anonymous voting modules, and other governance tech that we will deploy on Edgeware and other networks. We hope that our improvements are voted in by EDG holders and implemented on Edgeware!
There are initially 5,000,000,000 (five billion) EDG tokens minted, divisible up to 18 decimal places. Initially, inflation is set to 158 EDG per block. This implies approximately 997,220,160 EDG in the first year, or just under 20% inflation. The total amount of EDG minted will remain the same year after year, causing the percentage inflation to be disinflationary, with yearly inflation falling to approximately 16.6% in the second year. Additionally, a system-wide vote may further increase or decrease inflation. Half of the inflation will be voted upon by token holders for various uses.
Edgeware is intended to have a very large validation community, ideally several thousand when the network is mature. Additionally, any individual can delegate (hence, DPoS) to a Validator.
Validators help provide security on Edgeware, since it's a PoS-based chain. Validators also earn fees from both the block reward and transactions. Earned tokens can be used to influence further governance decisions on the network. Validation is technical, and can be challenging. It may also be easier to delegate to a validator instead.
Parity Substate allows Edgeware developers to focus on improving the chain rather than developing infrastructure. Chains launched on Substrate generally do not have to deal with network or runtime level engineering changes. They can be natively extended with modules, which are written in Rust, compiled to Wasm, and linked into the client runtime. Modules can be voted into a chain by on-chain governance, at which point all clients will automatically download and run them, in a safe sandboxed environment. This makes the process of upgrading a chain much simpler and more accessible to a wide variety of developers!
Even if Edgeware is voted off the Polkadot parachain set or our lease otherwise expires, it will still work as a "solochain", where it's responsible for its own security. In that case, EDG validators will have to reboot the chain with the chain state at the time Edgeware exited the Polkadot relay chain.
There are numerous reasons to build on Edgeware. The first is that Substrate and the eventual Polkadot parachain status makes interoperability easy. Another is that the infrastructure is built with a light client-first mentality. This will enable future mobile portability to be seamless.
We are Ethereum supporters! We also believe Ethereum will benefit from the growth of complementary ecosystems.
Lockdrop: The lockdrop will timelock ETH for up to a year as people go "long ETH and EDG". Remember, only ETH holders can participate! This adds another layer of utility to ETH and lowers circulating supply, which will likely enhance the economic security of Ethereum as it switches to a Casper-style consensus.
Bridging Networks: We think one of the first proposals that the community should work on is a game-theoretically sound ETH-EDG bridge. In the long term, this will allows fees and value to both to ETH and EDG. With a bridge in place, we anticipate that Ethereum dapps/protocols will be able to use Edgeware to scale, much in the same way that Loom Network and other protocols help scale Ethereum. Similarly, any tokens created on Edgeware can be custodied and "moved" over to Ethereum via the bridge, where they can be used in Ethereum's DeFi network (e.g. traded on 0x, collateralized on Maker and Compound, and bundled using Set).
Accelerating Development: Edgeware is be a progressive network that will incorporate scaling and governance tech at a faster pace than Ethereum, but we expect most of these improvements will be backported to Ethereum. We think the net effect will be substantially beneficial for both ecosystems. As one example, at Commonwealth we are building a multi-chain governance tool to make governance on ETH, EDG, or any other chain easier, and Edgeware will allow us to test out several governance models that we will apply across the ecosystem.
No, it's a new chain built on a completely different codebase (Parity Substrate) with a different runtime and security model. While Ethereum holders can participate in the lockdrop, EDG will otherwise be an entirely separate network. However, we anticipate that a bridge will be built for ETH-EDG so that both chains can work together.