WAVES Weekly No. 7
Quote
Intro.
We are finishing consensus algorithm, POS algorithm which is going to allow us to launch the full nodes. It took us a little bit longer than we thought, some problems with network layer and Scala, some technical issues that actually we didn`t know about but all of them all solved at the moment and we are moving forward. At the same time we are working on custom tokens. The essence of the Waves platform is the ability to create, trade, transfer, issue custom tokens. I thought initially that we will launch the main network without the tokens but we have them almost done, so we are going to be launching both full nodes and custom tokens. After that we are going to be working on LPOS that is some cross between Bitshares delegated POS and Account Leasing from NXT. This is going to allow us to offer a secure LPOS system, very fast, where only like 100 hundred nodes process all the transactions. It is some kind of centralization of course but it has to be there in order to make system production ready. It can really make transactions faster and it can make the system business oriented.
We are not trying to build some network of laptops that can confirm transactions, we are working on the system where handful of nodes process the transactions but they can do it efficiently. That will be the next stage of our development and after that we will have Waves as a pretty production ready system that can be used for a variety of applications, for token creations, you will be able to do a lot of things with it and it is going to take us not so long. The time for it would be beginning of fall where we have LPOS, centralized trading with blockchain settlement, where you can trade with high speed on centralized servers but they don`t control any funds and all transactions are settled on blockchain. We are going to have it pretty soon. That will be first production version of Waves platform. So these are our plans for the next several weeks, few months.
Waves Platform - Vision, Development, Business, Marketing - Sasha Ivanov Q&A Transcript
Video: https://www.youtube.com/watch?v=sL_VQfxwvRE
Waves on Forbes:
Making Blockchain Waves With National Currencies Mobilizing Centralized Order Matching:
http://www.forbes.com/sites/rogeraitken/2016/08/10/making-blockchain-waves-with-national-currencies-mobilizing-centralized-order-matching/#783955cb2a0f
Wavesplatform new test net release. Basis for the public full nodes:
https://github.com/wavesplatform/Waves/releases/tag/v0.2.2
You can always find the latest version of the client at https://wavesplatform.com and https://wavestalk.org.
Join our telegram channel: https://telegram.me/wavesnews
We are finishing consensus algorithm, POS algorithm which is going to allow us to launch the full nodes. It took us a little bit longer than we thought, some problems with network layer and Scala, some technical issues that actually we didn`t know about but all of them all solved at the moment and we are moving forward. At the same time we are working on custom tokens. The essence of the Waves platform is the ability to create, trade, transfer, issue custom tokens. I thought initially that we will launch the main network without the tokens but we have them almost done, so we are going to be launching both full nodes and custom tokens. After that we are going to be working on LPOS that is some cross between Bitshares delegated POS and Account Leasing from NXT. This is going to allow us to offer a secure LPOS system, very fast, where only like 100 hundred nodes process all the transactions. It is some kind of centralization of course but it has to be there in order to make system production ready. It can really make transactions faster and it can make the system business oriented.
We are not trying to build some network of laptops that can confirm transactions, we are working on the system where handful of nodes process the transactions but they can do it efficiently. That will be the next stage of our development and after that we will have Waves as a pretty production ready system that can be used for a variety of applications, for token creations, you will be able to do a lot of things with it and it is going to take us not so long. The time for it would be beginning of fall where we have LPOS, centralized trading with blockchain settlement, where you can trade with high speed on centralized servers but they don`t control any funds and all transactions are settled on blockchain. We are going to have it pretty soon. That will be first production version of Waves platform. So these are our plans for the next several weeks, few months.
Waves Platform - Vision, Development, Business, Marketing - Sasha Ivanov Q&A Transcript
Video: https://www.youtube.com/watch?v=sL_VQfxwvRE
Waves on Forbes:
Making Blockchain Waves With National Currencies Mobilizing Centralized Order Matching:
http://www.forbes.com/sites/rogeraitken/2016/08/10/making-blockchain-waves-with-national-currencies-mobilizing-centralized-order-matching/#783955cb2a0f
Wavesplatform new test net release. Basis for the public full nodes:
https://github.com/wavesplatform/Waves/releases/tag/v0.2.2
You can always find the latest version of the client at https://wavesplatform.com and https://wavestalk.org.
Join our telegram channel: https://telegram.me/wavesnews
