buildOMG / comms

OMG Network FAQ
2 stars 1 forks source link

eWallet Update #1 - July 1, 2018 #12

Closed nebali closed 5 years ago

nebali commented 5 years ago

eWallet Update #1


Our focus in Q2 has been on putting out a stable version of the eWallet. The wallet team has been working around the clock, and as the quarter comes to a close we are completing the final improvements and testing prior to releasing the master branch. This will be a stable version capable of minting and transacting tokens within a closed ledger. We expect the release candidate - a 1.0 version that is believed to be ready for production so long as no unexpected bugs emerge in testing - to be out sometime next week along with updated documentation.

1.0 means that we don’t expect to make any more changes that will cause major malfunctions. We’ve established the framework to which we will now begin adding features and making improvements. Enterprise wallet providers will now be able to test a stable version of the wallet in preparation for the addition of blockchain connectivity - both businesses that want to have eWallet services built out for them and businesses that want to integrate their existing eWallet with the blockchain. Independent developers can familiarize themselves with the stable SDK and start exploring ways to build out working products.

eWallets represent access to “digital cash”, which is the form of money most suitable for blockchain integration (much more suitable than credit, which faces problems that blockchains are not made to solve); and which, judging both by growth trends most visible in Asia and by technical compatibility with blockchain technology, will be the dominant form of online money in most parts of the world.

At this juncture it's important to recognize that in order to keep the internet free, we need to keep internet money free too (and that means free-libre, not necessarily free-gratis, although the SDK will always be free-gratis for anyone to use). People need to be able to access and move funds freely in order to keep their access to information free, and to keep incentives for money intermediaries like enterprise eWallet providers (who provide additional value for a fee) correctly aligned with those of their users. The SDK is important for enterprise, but just as important to the goal of giving any end user the option to participate in the world economy without going through any intermediary at all. With this release, we’ve built the foundation. Moving forward we iterate continuously upon this foundation to make the wallet more customizable with added features; more interoperable with connectivity to the OMG blockchain and eventually across other chains; more accessible with UX improvements; and always free, open source and developed in collaboration with partners, implementers and the community.

A very broad overview of what the team has done to get the eWallet ready for 1.0 release:

-- Exchange mechanism for eWallet tokens -- Improved administrative panel -- Transaction requests system -- And much more.

Only a few items remain on the eWallet team’s to-do list before delivering 1.0.0.rc:

For more and to follow along on the progress, check out our Github - https://github.com/omisego/ewallet