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Press Releases - English LIGO

Author Topic: Press Releases - English  (Read 7480 times)

March 05, 2017, 07:25:52 pm
Reply #80

Twiggy Smile

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The Waves mobile app has been released on testnet. Download it to see what we’re working on and to try it out!

We’ve now released v1 of the Waves mobile app on testnet. Downloading it and getting started is very straightforward, so please check it out and let us know your thoughts!

The app is currently Android only, though we’re exploring creating a version for iOS, too. The chief difficulty here is ensuring it will be available to users, due to Apple’s policy of screening the apps it makes available.

Download the app for Android by clicking the link: https://dl.dropboxusercontent.com/u/70697078/waves-app-testnet_20170303.apk

You’ll be prompted to install the app, due to the download coming from an untrusted source. You may need to change the settings on your device to enable this.

Once you’ve downloaded and installed it, open the app. The UX should immediately be familiar. You’ll be prompted to create a new wallet, or to import an existing one. You should not use an existing wallet — create a new SEED and address for the purposes of testing. It is always good practice to record your SEED, though since this is testnet, you will not lose tokens of value if you lose it in this instance.

You’ll be asked to enter and confirm a password, just like in the lite client. Next time you log in, you can choose between creating/importing a new account, and opening an existing one using this password.


You’ll need some testWAVES to play with the app, which you can get from testnet.wavesexplorer.com/faucet.

If you find a bug, or have feedback about the UX or any features you’d like to see included, drop us a line on Slack. As soon as we have a stable version we’ll be releasing it for mainnet, and adding further functionality and new features as they become available.

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March 05, 2017, 07:41:17 pm
Reply #81

Twiggy Smile

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According to Boris Titov, the chairman of Russia’s Partiya Rosta (‘the Party of Growth’) and Russia’s business ombudsman, the network community titled People of Growth is set to unite entrepreneurs, self-employed individuals, young people and minor officials to raise funds for their business projects and make cryptocurrency investment.
Mr. Titov went on to say that such an ecosystem was first conceived after last year’s parliamentary campaign in Russia, which was the first election experience for the party that had previously been known as Pravoye Delo (which means ‘the Right Cause’). Back then, the party failed to get into the parliament, yet it has won 1.29 per cent of votes.

“The experience we got from our first election campaign proves that today we’ve got a very lightweight political system where all the parties start working only when election is at hand. Neither party now has any ideological platform or just ideas that unite people at other times than election,” Titov stated.

He also believes that it is political technologies, not politics, that play the key role today.

“Having held several meetings both in Moscow and in the regions, we realized that we have to build the party from the grassroots level, and gradually for the community that would not live for the moment but for all the time. We decided to go beyond just creating a political party,” Mr. Titov said.

The party seeks its potential supporters “on the principle of reason and profession.” This, according to the business ombudsman, includes top managers, white collars, heads of small and medium businesses, seasoned entrepreneurs, urban educated young persons who have their sources of income, self-employed people, and minor officials.

BLOCKCHAIN AND CRYPTOCURRENCIES

The new system employs blockchain technology as, according to Mr. Titov, this enables crowdfunding options and expands investor-seeking opportunities.

“You may run ICO’s, i.e. raising cryptocurrency funds, mostly in bitcoins, when data go along the network, and one gets an offer to invest in a project. It helps raising money fast and with no intermediaries involved,” he elaborated.

Each member of the network community, which has its own cryptocurrency, Upcoin (created on Waves Platform), will have a virtual wallet. One may earn money by visiting some party events as voluntary helpers, and spend the cryptocurrency on trainings, education, and so on. Apart from that, Mr. Titov added, blockchain technology makes it possible to vote fast, safely and remotely.

“It’s quite possible to establish a voting system that would determine the entire country’s will in but an hour. That’s what we’re testing now in our small organization, and we try to incorporate the provision of remote voting in our charter,” he said, adding that he told the chairwoman of Russia’s central electoral commission Ella Pamfilova about this voting technology.

The party has also launched a mobile app Nabat to protect small businesses. Using the app, an entrepreneur may contact a call center and inform of any oppressions, unscheduled inspections, and so on.
Boris Titov first mentioned the network community using cryptotechnologies this February.

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March 06, 2017, 12:17:48 pm
Reply #82

Twiggy Smile

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First blockchain social platform launched, based on Waves


March 6, 2017, Moscow — Waves and Partiya Rosta (‘The Growth Party’) have launched a new ‘People of growth’ platform based on the Waves blockchain. In the initial phase, the financial side of the project has been implemented. 10 million Upcoins were created. The internal cryptocurrency allows for payments within the platform and loyalty program to be made. The Waves-powered infrastructure provides support for crowdfunding as well as integration of internal rating and voting systems based on the blockchain.

‘It’s a privilege to be a part of this new movement,’ comments Sasha Ivanov, CEO of Waves Platform. ‘For those who have been working in this space for years, aiming to increase blockchain adoption, it’s vindication of our efforts. It’s also great to see Waves, the platform we created for mass blockchain adoption, being used for exactly the purpose intended.’

In the first stage, the financial basis of the project has been implemented and 10 million Upcoins created. Each member of the ‘People of growth’ network community receives a virtual wallet after registering on the portal http://ludirosta.ru/. For now, transactions are processed in Upcoins, but wallet functionality will be extended in the future to support other cryptocurrencies. The internal cryptocurrency — Upcoin — is employed for payments between users of the system. Upcoins can be transferred and used for payments and network projects within the platform. The loyalty program is also based on Upcoin. Network participants receive bonuses for their participation in community events, and these earnings can be used for discounts on partner educational programs, yoga classes, and many other services. Community members are also entitled to a credit in Upcoins.

‘Development and implementation of a token based on the blockchain is much cheaper than regular loyalty programs. In addition, blockchain technology provides advantages such as full transparency within the system, smooth operation and immutability of transactions,’ comments Sasha Ivanov, CEO of Waves Platform.

The internal crowdfunding program for business projects within the party is planned to be launched using bitcoin as well as Upcoin on the “People of growth” platform. Additionally, the infrastructure of Waves will allow the integration of a ratings system within the platform. Members can build their ratings status within the community network through this system. Furthermore, it is planned that all internal votes will be processed on the blockchain. The voting process becomes completely transparent and the results can be seen in real time with this technology. This could allow the voting choice of the whole country to be determined within an hour. Using blockchain technology in voting systems opens new opportunities for businesses and social projects, as well as at the state level in the framework of the electoral process.

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March 09, 2017, 11:36:12 am
Reply #83

Twiggy Smile

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This week there are several great developments to announce in the Waves ecosystem.

Bitcoin gateway

The bitcoin gateway is going live soon. It will be possible to deposit BTC using a regular bitcoin wallet to the address displayed in your Waves client, under the Bitcoin tab on the home page. Your transfer will be processed by a Coinomat gateway, and WBTC tokens will be sent to your Waves address. The bitcoins you deposit are are backed 1:1.

Similarly, for withdrawal, you will simply enter your bitcoin address into the Waves lite client to convert your WBTC tokens back into BTC.

Android wallet on testnet

The first version of the smartphone wallet has been released for Android on testnet. To try it out, download the wallet and install it on your device. You may need to alter permissions on your phone to allow this. Because this is testnet, create a new wallet rather than using an existing SEED. Get some testnet WAVES from the faucet, try it out and let us know if you have any feedback.

We’ll be releasing the Android wallet for mainnet as soon as we’re satisfied there are no bugs, and are exploring creating an iPhone app too. For more information, see ‘Waves mobile app on testnet’.

Upcoin wallet

Russia’s Partiya Rosta (the ‘Party of Growth’) has created its own cryptocurrency and network community on the Waves blockchain. Upcoins will be earned by volunteering at party meetings and other activities, and can be spent on training and education. They will also use the wallet to vote securely and remotely. The initiative is spearheaded by Boris Titov, chairman of Partiya Rosta and Russia’s business ombudsman, and is the first ever blockhain-based social project. We expect this will bring greater exposure and transaction volumes to Waves.

Fees in tokens

Waves will have unique feature where it is possible to pay transaction fees using tokens issued on the Waves platform, as well as the native WAVES token itself. Network nodes will be able to decide which tokens they accept as payment, blacklisting worthless or scam tokens and accepting only those they want.

The implications of this are very significant. It means that applications can be built on Waves without developers having to account for a second token being required for transaction fees. This removes a major source of friction and makes the platform highly attractive for businesses. At the same time, WAVES will always be required to run a staking node, but the income may be in different currencies.

Waves mainnet v0.3.9 released

If you would like to run a full node, please download the latest releases at https://github.com/wavesplatform/Waves/releases/. Anyone can run a node, but you will need at least 10,000 WAVES to generate blocks. You can read the installation guide here.

For regular users the Lite client can be downloaded from https://wavesplatform.com. Do not download the client from other sources for security reasons. (Please be aware that there have been issues with fake github repositories, as well as fake Twitter accounts and Slack identities.) Alternatively, the standalone Chrome app will automatically update as new versions are released.

Waves Weekly Crypto Round-up

In this week’s episode, Sasha speaks with Datcroft CEO Sergey Sholom about the MobileGo platform, and his plans to drive cryptocurrency adoption in the gaming sector.



« Last Edit: March 09, 2017, 04:36:03 pm by Twiggy Smile »
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March 18, 2017, 12:01:33 pm
Reply #84

Twiggy Smile

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A secure, reliable bitcoin gateway enables users to hold bitcoins on the Waves network  -  moving them around with the speed and efficiency of Waves, rather than on the slower and increasingly costly bitcoin network.

Bitcoin is here to stay. Its network effect and battle-tested security make it the first, the largest and the default currency of the crypto world. Vastly more money is transferred as bitcoin than any other digital currency. Alts trade against it. It is the reference currency and the reserve currency of crypto land.

Unfortunately, bitcoin’s greatest strength is also its chief weakness. Decentralisation brings with it freedom from outside interference. It also means that development is slow, and it is hard (perhaps even impossible) to achieve consensus about changes to the protocol.

And so we have the current situation, in which bitcoin transactions are backing up, and consequently fees rising sharply. A year ago a transaction with a fee of 0.0001 BTC would go through almost immediately. Today, the same fee might lead to a delay of 48 hours before a miner picks it up. With the recent bull run, the fee necessary for a fast transaction isn’t just higher in BTC terms — it’s higher in dollars too. This means that the cost of a fast transaction can approach that of moving money in the legacy banking system.

There are various proposals to fix this issue, all of which have met with a mixed response. It is hard to keep all of bitcoin’s various stakeholders — miners, end-users, wallet companies and businesses, amongst others — happy at the same time. Raising the block size has proven divisive, to say the least. There has been support for sidechains, but the technical hurdles are significant.

‘Pseudo sidechains’

Sidechains can be thought of as a black box in which transactions occur, ultimately settled on the bitcoin blockchain, but without every transfer being registered individually. What happens in a sidechain stays in a sidechain. Funds are locked to an address using a smart contract, and within the system of the sidechain may be moved around thousands of times to different addresses, before exiting back onto the main blockchain. It’s an ingenious way of using bitcoin’s blockchain for vastly higher transaction volumes, without bloating it to the point of uselessness.

The Waves bitcoin gateway functions, conceptually, in a similar way. Funds are securely ‘locked’ when they are deposited to the cluster of servers that hold BTC in multi-sig storage, with a token being issued on the Waves blockchain to represent them 1:1. Those Waves bitcoins (WBTC) can then be moved around on the Waves blockchain, with its advantages of speed and scalability. Whilst this may not have the theoretically unbreakable security levels of smart contracts (assuming they are implemented correctly), security is nevertheless extremely robust and far in excess of that of traditional exchanges with their single-point-of-failure problems.

For cold storage, when funds are not moved for long periods, the bitcoin blockchain is the best option. But when funds are being moved around frequently, perhaps being used as a means of payment in BTC (i.e. not moved to an exchange), WBTC can profitably stay within the Waves system. It is only when they need to be moved to an exchange that the bitcoin blockchain is required again — assuming that exchanges do not integrate the WBTC token. This makes it easy and efficient once again to move BTC around. Higher costs and/or delays are only incurred when exiting to use the bitcoin blockchain.

You can download Waves Client 0.4.10 here  - https://chrome.google.com/webstore/detail/wavesliteapp/kfmcaklajknfekomaflnhkjjkcjabogm

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March 18, 2017, 12:15:05 pm
Reply #85

Twiggy Smile

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Guy Brandon
Aside from existing token creation and transfer features, the client now offers a bitcoin gateway to allow BTC to be securely stored and transferred on the Waves blockchain. Transaction volumes on the network are rising rapidly.

An updated version of the Waves lite client has been released, with powerful new functionality aimed at real-world use cases. As before, the lite client offers a familiar and straightforward user experience, and requires no blockchain downloads – making it suitable for anyone to get started with cryptocurrency applications. The client can either be downloaded and run as html, or as a standalone Chrome app that automatically updates when new versions are released. The network is secured by full nodes run by members of the community. For security reasons, a minimum of 10,000 WAVES is currently required to run a mining node.

Token facilities

In addition to being able to transfer the native WAVES currency, which is the fuel for the Waves platform, the lite client makes it extremely easy to create and send new tokens. Custom Application Tokens (CATs) are secured on the Waves blockchain and can be launched in minutes. These assets are shown in the Portfolio tab in the wallet.

*Click on it ^

Mass distribution to a large number of addresses is also possible, making Waves the ideal platform for crowdfunding and distributing new tokens. This has made Waves attractive for a growing number of blockchain businesses and applications. These include:

Waves Community Token. A token used to reward WAVES holders through periodic airdrops and engage the community, including in the process of collective due diligence for new crowdfunded projects.

Incent. A blockchain-hosted loyalty programme, based on the principle of ‘Open Value’ rather than the restricted value of traditional rewards points.

Bankcoin. A far-reaching initiative to introduce cryptocurrency payments into universities in Latin America.

Upcoin. A project launched by a Russian political party to engage and reward active members, and use the blockchain for voting. This is the first ever blockchain platform used by a political party.

Ripto Bux. A community project founded around the idea of a tipping currency, Ripto Bux (RBX). A Slack tipbot enables anyone to create, send and receive Waves tokens as tips, with RBX being the default tipping currency. Ripto Bux also uses the BlockSwap technology developed by Incent to transfer tokens securely between the Waves and Ethereum blockchains.

New projects are coming to Waves all the time. On 25 April, MobileGo will launch a major crowdfund to drive cryptocurrency adoption within the gaming sector. Over the coming weeks and months many new businesses will launch their own tokens and crowdsales on Waves.

Bitcoin gateway

The Waves bitcoin gateway allows users to deposit and withdraw bitcoins to and from the Waves blockchain. Coinomat servers process bitcoin deposits and exchanges them for the equivalent amount of the WBTC token. This can be sent quickly and at low cost between users within the Waves blockchain. Upon withdrawal, the gateway conducts the same process in reverse, swapping WBTC for BTC, which are sent to a designated bitcoin wallet address. WBTC are always backed 1:1 by real BTC.

The gateway means that Waves can function as a kind of ‘sidechain’ to the bitcoin blockchain, offering greater speed and efficiency, but always giving users access to their bitcoins when they wish to withdraw them.

Android app


The Waves client is now available as an Android app. This can be downloaded from Google Play. It is a convenient way to access your Waves account on the go from a mobile device, and offers much of the functionality that the fully-fledged lite client does in the Chrome app. It is possible to import the SEED from which an existing address has been created, in order to use the same account from multiple locations and devices.

Things happening in the Waves ecosystem

Waves development is highly active, with numerous features and approaches being prepared.

The Decentralised Exchange (DEX) will enable users to trade Waves tokens peer-to-peer, directly from the lite client. The DEX back-end code is complete, with release pending front-end integration.

Fiat gateways are being implemented, starting with a Euro gateway. This will allow users to transfer fiat on the blockchain, with the lower costs and greater speed this provides.

Balance leasing (LPoS or Leased Proof-of-Stake). WAVES holders will be able to lease their balances to full nodes to help secure the network and receive rewards from transaction fees, while maintaining full control of their funds at all times.

Transaction fees will be payable in tokens, subject to full nodes accepting them as payment. WAVES will always be accepted, but this feature means that applications built on Waves will not have to worry about the additional friction and complexity of providing a second currency for fees.

Improved Authenticated Dynamic Dictionaries

POS NG

Smart contracts roadmap, which are to be implemented on Waves. These will be non-Turing complete, but still extensive and powerful.

Rising transaction volumes

Since the beginning of February the number of transactions on the Waves blockchain has been increasing rapidly. It currently averages around 5,000 tx/day, though as many as 15,000 have been recorded. For comparison, Ethereum sees around 60,000 transactions per day and bitcoin around 300,000. Few cryptocurrencies have such high levels of activity, with even Litecoin averaging around 7,500 tx/day.

As new businesses launch tokens and use cases on Waves and as the DEX comes online, we expect to see transaction volumes increase further and significantly, driven by real-world adoption – rewarding mining nodes and those who lease their balances to them.

For more information, visit www.WavesPlatform.com

« Last Edit: March 18, 2017, 12:17:06 pm by Twiggy Smile »
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March 18, 2017, 12:32:07 pm
Reply #86

Twiggy Smile

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March 18, 2017, 12:41:13 pm
Reply #87

Twiggy Smile

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The blockchain-powered custom tokens platform Waves launched a secure, reliable speedier bitcoin gateway for holding bitcoins on the network on March 11. This move comes amid continued concerns within the Bitcoin community about block sizes and slow transaction confirmation times.

According to the Waves team, bitcoin is here for the long haul and should be acknowledged as such. As the largest currency in the crypto world, more money is transacted through bitcoin than any other. And as the default reference and reserve crypto, altcoins are actively trading against it.

Amid Bitcoin’s strengths are some well-documented weaknesses, however. Development has been slow, and efforts to gain consensus related to protocol changes have been contentious.

The latter issue has led to backlogs in bitcoin transactions and sharply rising fees. In the past, a transaction with a 0.0001 BTC fee would typically sail right through. Today, that same fee might result in a 24-hour delay before miners confirm it. With rising bitcoin prices, the fee needed to facilitate a rapid transaction is not only higher in BTC terms but dollars as well. As a result, fast transaction costs are rapidly approaching those found in the legacy banking system.

While ongoing efforts are taking place to address this issue, all with mixed reviews, keeping various stakeholders in the Bitcoin community content with the options to forge a path forward has been a tall task. Increasing the block size has been very divisive, and the infrastructural hurdles are significant.

Are Sidechains The Solution?

What is the best description of a sidechain? An independent cryptographic ledger that links to the main Bitcoin blockchain without sacrificing speed and performance. They are gaining attention as an option for boosting the scalability of the existing blockchain network leading to faster transaction and confirmation times.

Activity in a sidechain remains in the sidechain. Funds are tethered to an address through the use of a smart contract, leading to significantly higher transaction volumes.

The Waves bitcoin ecosystem functions in a similar manner. Funds are locked to storage clusters when deposited, with the BTC held in multi-sig. Tokens are then issued on the Waves blockchain in a one to one representation. Once this occurs, these Waves bitcoin (WBTC) can then be migrated around on the Waves blockchain, allowing for greater speed and scalability. Security is extremely robust and far more so than that of traditional exchanges with their single-point-of-failure issues.

For cold storage, when funds lie dormant for long periods, the bitcoin blockchain is the best option. But when funds are being frequently moved, often as a means of making a payment in BTC, WBTC can profitably stay within the Waves system. Only when there is a need to move the BTC to an exchange that the bitcoin blockchain is required again ; this makes it easy and efficient once again move BTC around. Higher costs and/or delays are incurred once exiting to use the Bitcoin blockchain.

Says Sasha Ivanov, founder, and CEO of Waves:

“Of course it's not a true sidechain in the same manner as the Lightning Network, for example, but it has a similar result. You can send bitcoins to the gateway, where they are securely held or "locked," and then they can move around the Waves network very fast and efficiently - much more so than on the bitcoin blockchain itself. They can be withdrawn from the client at any time and returned to the bitcoin blockchain.”

Ivanov says it was never claimed that Waves would replace bitcoin. “We already have money - BTC, USD, EUR and so on. We just think it can be more efficient, and more accountable. That's what Waves brings with its bitcoin gateway; a new way of storing and moving BTC around, while still remaining transparent. And soon it will be possible to trade bitcoin against other currencies on Waves too.”

Concludes Ivanov:

“People are still used to using exchanges to store their BTC, despite what happened to MtGox and so many others. The Waves bitcoin gateway is vastly more secure than a traditional exchange, so the challenge is to bring people to trade on Waves rather than somewhere that has high risks.”

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March 22, 2017, 06:41:36 pm
Reply #88

Twiggy Smile

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Nearly a year ago, the Waves team raised $16 million over an ICO. Today, Alexander Ivanov, Waves Platform CEO, is a stakeholder of the blockchain community dedicating himself to both his project and popularization of blockchain technology as a whole.

In an exclusive interview with ForkLog, he spoke about establishing a decentralized exchange, bitcoin’s possible hard fork, and Proof-of-Stake. He also shared his ambitious plans for the future.


Decentralized Exchange

FL: Hello! What’s on the table for Waves now, and what’s the blueprint for the near future? As far as we know, you’re working on launching a decentralized exchange.

A.I.: Yes, we’re about to launch a decentralized exchange. There will be blockchainized fiat assets, though for now it’s only about Euro. There will be cryptocurrency tokens, namely Bitcoin and possibly Litecoin and Ethereum. Matching will be fast and localized, and, just like at other exchanges like Poliniex, assets are transferred across blockchain.

Money won’t enter the exchange, it only matches the orders. The money remains with the customers, so the trading may be as fast as at a regular exchange. We’ve opted for some middle ground between centralization and decentralization. The solution’s advantages are about combining blockchain’s safety and centralized services’ speed.

We also have slightly changed the consensus algorithm, which will be Bitcoin NG. Actually, nobody’s ever done that before neither for PoS nor for PoW even though the system is well-validated, and nobody spoke ill about it. It could be implemented as a soft fork, i.e. there won’t be any need for a hard fork. Such a system enables us to use mining resources more effectively: there’s another miner bentwee two major blocks, so you can effect any number of transactions. We could reach a thousand transactions per second.

The next big step is about various cryptographic stuff. Like, there won’t be any need to store balances for all assets. Also, most likely this autumn, there will be smart contracts, though different from those in Ethereum. This allows for closing more than 95% of all smart contract cases.

FL: So, you mean to absorb functionality of anonymous coins and smart contracts?

A.I.: It all can be done with a single sigma protocol, which is an idea by Sasha Chepurny. Any code you put in there will be executed in any case. There will be an authorization protocol. It’s all done on the level of low basic cryptography, so it’s quite realistic.

FL: How will you back fiat tokens?

A.I.: Fiat tokens will be backed under a Ripple-like system. It will be a payments gateway. There could be something like StableCoin, but for now we’re more about making some sort of a blockchain-based payments system. When it comes to traditional payments systems like QIWI, Yandex and PayPal, they essentially run balances across services. The same can be done on a blockchain with a token pegged to USD and having some backing.

FL: And no legal issues?

A.I.: Yup, it’s quite an interesting scheme. StableCoin is a great thing with low volatility, yet there are some issues worth considering.

FL: What will this exchange look like?

A.I.: In terms of design it will be like Poloniex. A person won’t have to realize he or she is trading on a decentralized exchange. In the first iteration, there might not be plots, which is a quite subtle thing, but there will be order books, we’re working on that. The second version will feature plots. In a perfect case, it will be a regular exchange like BTC-e or Poloniex where people could see a familiar interface, plots, and market depth. Our goal is to make everything clear for an average user.

FL: There’s issuance of complex tokens on BitShares like SatoshiPie. This token is pegged to an asset basket, it’s like an index. Will your project support issuance of such tokens?

A.I.: Actually, it’s a great idea. We should think about it. A token which is an index is quite interesting.

Plans for the Future

FL: Are there any initiatives aside from Waves we haven’t talked about yet that you’re going to put to practice in near future?

A.I.: There will be ICO’s related to mainstream businesses. One of them is about pegging tokens to metals like zirconium. Participants will have guarantees concerning profitability and transparency. Another interesting ICO is about a network of co-working spaces. Token owners may use the tokens as vouchers to have a lifelong right to use participating co-working spaces and business hubs. Owners of said tokens will even have a discount.

Additionally, we’re preparing a partially decentralized platform for issuance of various tokens, including blockchain-based security tokens pegged to corporate assets. It will be a platform that brings together open tokens and tokens pegged to securities, which are semi-closed. Their owners will have to disclose relevant information. We’re also going to establish a global platform with CAT’s, tokens pegged to assets, crowdfunding tokens, etc.

Also I consider creating a fund to invest in tokens and corporate assets that issue Waves-based tokens. Now we’re trying to ensure compliance of said schemes, but it’s not that easy.

It all might be going towards mainstream. There are lots of people interested in those technologies. It’s high time to develop, lobby and adapt to prevailing legislation. I even heard there was an initiative of trading tokens at the Moscow Stock Exchange. It looks like madness for now, but there are serious attempts to lobby it. If it happens, everything will change, and this ICO thing will become something bigger.

Such options are already available for bonds as there are fewer legal restrictions than in shares. As far as I know, bonds market could be blockchainized in Russia.

Quite possibly, there will be some laws passed due to this increased interest, like a cryptocurrency bill currently being developed by Elina Sidorenko. If it happens many things will change, and big businesses will enter the area. There are many Russian entrepreneurs asking what to do with it. They realize it’s not something specific, they see it can be integrated in a mainstream business fast.

About Proof-of-Stake and Bitcoin Hard Fork

FL: You know that 100% Proof-of-Stake is being widely discussed now. Some say that PoS is okay and has been tested by lots of existing projects that successfully use it. Other say that 100% PoS is unsafe and may result in centralization. Waves uses PoS. What’s your opinion on this issue?

A.I.: Experience has shown that PoW is no safer than PoS. We know that if several mining pools combine their efforts to get over 50% of hash power, centralization will follow. Therefore, it’s some sort of social consensus, not technology, that dominates in PoW. I don’t believe that PoS is worse than PoW at present stage. They’re quite equivalent yet PoS has obvious advantages. At least you don’t have to burn enormous amounts of resources.

At the same time, I don’t think Ethereum will go PoS, at least in the foreseeable future. So far they’ve been only talking about this. The transition will require a complex and expensive transformation. It won’t happen within a year. However, PoS is cool, and what Vitalik does is also cool. I like that he talks about economic finality, i.e. such kind of PoS that would ensure consensus even the network is conquered by some ‘evil whales’ controlling 70 or even 80 per cent of all coins. We also think about the ways of integrating such a system in order to enhance the system’s security at least theoretically.

FL: There’s another interesting issue concerning PoS, which is bitcoin’s hard fork. Bitcoin Unlimited regularly undertakes technological and media attacks on the network. There are lots of discussions in this regard. Do you think it’s realistic that bitcoin could be hard forked this year?

A.I.: Everything’s possible. Some people kill a golden goose. Generally speaking, bitcoin is just too big to fail. But everything happens, and I can’t exclude there might be some sort of a ‘Chinese bitcoin’ that doesn’t give a damn on the ‘American bitcoin.’ For now, there aren’t too much players involved in the ‘new bitcoin.’ When others join, there could be a scenario similar to Ethereum Classic. You have to carefully watch the market to know when to dump.

About Other Projects

FL: Speaking of the recent projects, which ones do you consider noteworthy, interesting and useful for the infrastructure?

A.I.: Frankly, I don’t know. It might be Golem, there are guys from Ethereum working there. Though generally, I don’t really believe in distributed computation systems. There were lots of similar projects before blockchain, and there were lots of technical issues. None of them worked. There’s a logical question: is distributed computation more economically sound than Amazon? I’ve no idea as to how it all will go.

Steemit is also an interesting thing. They’ve got a bit weird economic model, yet the very system of Content Distribution is quite vivid. There has to be some testing for solutions in this area. Blockchain could be useful here, that’s for sure. ZCash is also interesting as it is about the first ever implementation of cryptographic solutions that Bitcoin lacks.

« Last Edit: March 22, 2017, 07:01:26 pm by Twiggy Smile »
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March 28, 2017, 02:27:31 pm
Reply #89

Twiggy Smile

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Incentivizing POS mining

We’ve launched a new asset, Miners Reward Token. The idea behind it is mining incentivization, more people should have a reason to maintain a full node. It’s important for POS systems, since in a usual set-up all you get in proof-of-stake blockchains as a miner is transaction fees, which are not so big if you don’t have tons of transactions in the network. Probably it would make sense to create a POS system with a block mining bounty as in Bitcoin, but it’s not so easy conceptually, since in POS systems all native tokens are distributed in the genesis block.

So,as a temporary solution, (as long as we don’t have tens of thousands transactions in the network per hour), we will be rewarding miners with a new asset https://t.co/YV4rZdzRTn. Each miner will be receiving 50,40,30,20,10 tokens per mined block, with “halving” taking place each 50000 blocks. The asset will be distributed in about a year.

So where does the value of this asset come from? As you know you can get mining fees on Wavesplatform not only in waves but also in custom tokens. So token issuers should have an incentive to strike a deal with miners regarding accepting their assets as fees. An automated way to do that would be distributing some bounty in the asset to active miners. That could be done through distributing it to the MRT holders, which are exactly that, miners.

On top of that, miners will be able to vote for certain network parameters and issues, similar to the proposed scheme for Waves Community Token. This is a quite flexible tool, so many other ways to use it could come up later.

Blockchains are technical mechanisms of social consensus, so it’s very important to engage system participants in securing and maintaining the network. I believe that MRT is a right step in this direction.

« Last Edit: March 28, 2017, 02:31:22 pm by Twiggy Smile »
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March 28, 2017, 07:35:07 pm
Reply #90

Twiggy Smile

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It is now possible to buy WAVES and bitcoin with a credit card, depositing BTC directly into the Waves client as a native blockchain token.

Waves has implemented credit card purchases for WAVES and bitcoin within its lite client via a partnership with Indacoin. The bitcoins purchased will be delivered directly to the user’s wallet as a WBTC token via the Waves bitcoin gateway, or instantly converted to WAVES if preferred. The service is best suited for buying small amounts of BTC and WAVES, in order to use the platform’s token creation and distribution facilities.

Gateway deposit

Users can already deposit bitcoins to their Waves wallet using the bitcoin gateway. The gateway processes bitcoin transfers and exchanges them for the native Waves bitcoin token, WBTC. The token is backed 1:1 with bitcoins that are stored in a multi-sig account, managed by a cluster of secure servers. New fiat gateways will be added in due course, starting with a Euro gateway.

An additional option has been added to the BITCOIN and WAVES Deposits tab in the client. A pop-up dialogue allows users to buy cryptocurrency with a credit card. On confirming they want to continue, the user is redirected to Indacoin to complete the purchase. The bitcoins are then deposited to the user’s Waves account via the bitcoin gateway, as normal, or converted on-the-fly to WAVES. An exchange rate calculator within the client ensures that users know how much cryptocurrency they will receive at the point of transaction.

Indacoin

Credit card processing has been outsourced to Indacoin, an instant exchange platform that allows fast and easy purchase of bitcoins. Indacoin is well-established in the bitcoin space and has been offering credit card purchases since 2014. No registration is required.

‘Whilst we’re lining up gateways that will enable users to move larger amounts of money into and out of the Waves system efficiently, credit card purchases allow anyone to buy bitcoin and WAVES quickly and easily,’ comments Sasha Ivanov, CEO of Waves platform. ‘So they can access token creation facilities on the platform — something that will be necessary as we target mainstream adoption and facilitate entry into the rapidly-growing blockchain crowdfunding sector.’

Indacoin deals with the problem of chargebacks through an enhanced verification process. To ensure that the owner of the card really does want to purchase bitcoin, a call is placed to the buyer’s mobile and a four-digit code provided for confirmation on the site. A spending limit applies for first-time buyers, which is progressively raised for later transactions. Visa and Mastercard credit/debit cards can be used.

In due course, it will be possible to trade WBTC and WAVES against other tokens on the platform’s decentralised exchange (DEX).

For more information, visit www.WavesPlatform.com

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April 21, 2017, 02:22:26 pm
Reply #91

Twiggy Smile

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We’re going to enforce our team with one more front end engineer in order to speed up development of our open source light wallet (Waves Lite Client https://github.com/wavesplatform/WavesGUI. A successful candidate will become a part of our Moscow team responsible for Waves Platform core features. We have plenty of challenging tasks for you in the near future, such as decentralized asset exchange, encrypted messaging and voting on blockchain. Be ready for git, taiga, scrum, pair programming, code-review and sharing your codebase with others. Sounds interesting? Then join us!
Here is our requirement list for possible candidates.

Requirements:
 — Solid understanding software development patterns and principles and how to apply them in the frontend world
 — Strong Javascript development skills
 — General understanding of software design, API design
 — Hands-on experience in AngularJS
 — Proficiency in HTML/CSS
 — Understanding of HTTP, REST, ajax and stuff
 — An exposure to javascript toolchain: npm, bower, grunt, jasmine
 — Knowledge of common patterns of development apps intensively interacting with backend
 — Excellent problem solving skills

Responsibilities:
 — Lead Lite Client Development
 — Collaborate with the backend development team
 — Adopt and evangelize best development practices
 — Ability to break down complex product requirements, providing development estimates as needed

We offer:
 — Full-time work in the office next to Kropotkinskaya metro station
 — Flexible schedule
 — Competitive salary higher than average on market
 — Free English and Chinese classes
 — Free coffee and cookies

Do not hesitate to take a look at our codebase on Github. We’re looking forward to an email with your CV and samples of your code on [email protected]

Blog post - https://blog.wav - esplatform.com/senior-front-end-developer-wanted-9eda5034bddb
Twitter - https://twitter.com/EvelinaLavrova/status/855389763297267712
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