While many crypto news media outlets are panicking about whether Telegram Open Network will launch, the Minter team is actively trialing all new developments—for example, this alpha version of the wallet.
We would like to kindly remind you that Telegram’s cutting-edge feature has always been the high quality of their products. Hence, there could be no doubt that the project will see the light of day in time. Few realize that what we are talking about here is not a particular blockchain but the entire decentralized Internet. The Internet, where the TON blockchain itself and its native GRAM coin are simply one moving part of the mechanism which is set to gain autonomy from the rest of the world.
We would like to kindly remind you that Telegram’s cutting-edge feature has always been the high quality of their products. Hence, there could be no doubt that the project will see the light of day in time. Few realize that what we are talking about here is not a particular blockchain but the entire decentralized Internet. The Internet, where the TON blockchain itself and its native GRAM coin are simply one moving part of the mechanism which is set to gain autonomy from the rest of the world.
Looks like we are on the same page with the SEC.
https://finance.yahoo.com/news/sec-commissioner-hester-peirce-says-182020019.html
https://finance.yahoo.com/news/sec-commissioner-hester-peirce-says-182020019.html
Yahoo
SEC Commissioner Hester Peirce says digital assets could one day be ‘the money of the internet’
At a cryptocurrency compliance summit in New York hosted by Solidus Labs today, SEC Commissioner Hester Peirce spoke about the U.S.The post SEC Commissioner Hester Peirce says digital assets could one day be 'the money of the internet' appeared first on The…
Forwarded from DeCenter – Blockchain and Bitcoin
Less than a month from now, the Telegram Open Network will launch. A slew of news related to the project is mounting as it has already entered the public testing phase, started a smart contract development coding competition, and saw the addition of its TON Wallet to the alpha version of Telegram Messenger (it was removed in today’s upgrade).
What is Telegram Open Network testnet from a validator’s perspective? Find out in @CATnode’s recent review: https://dcntr.org/ton-validator-perspective
What is Telegram Open Network testnet from a validator’s perspective? Find out in @CATnode’s recent review: https://dcntr.org/ton-validator-perspective
decenter.org
Telegram Open Network through the Eyes of the Validator
TON blockchain: what are the advantages of Pavel Durov’s network, and how will new blocks be generated? Read our story as CAT, a Minter Network validator, provides the answers.
Forwarded from Minterscan EN
🍃 Mint Digest #5
A fresh past week events review
Minterscan & Zen
• ☯️ Zen Karma reward rules
• Projects that have already received Karma: MSCAN, MINTERTOOL, E100CARD, MPAY
• About stopping the signature of blocks and temporary lottery freeze
Partners
• New features in PINGme
Project News
• Validators Watcher — a bot for notifications of events occurring with validators
• Updated Exchange from Monster Node
• Interchain started providing API
• First IMO from Public Node
• Now you can buy a TIME for Bitcoin
• WillMint — a platform that connects developers and users
• CAT validator launches full node on TON network
• Affiliate program from 1001BTC Exchanger
Important from Minter's Life
• Meetup's record and its brief summary
• Minter Team spoke about future stablecoins
• Mbank now displays the size of the bonus received when you're buying a BIP
• Massive unbond of 12 million BIP on September 25 may be related to upcoming IMOs
• Telegram Developer Contest
🍃 See ya!
#summary
A fresh past week events review
Minterscan & Zen
• ☯️ Zen Karma reward rules
• Projects that have already received Karma: MSCAN, MINTERTOOL, E100CARD, MPAY
• About stopping the signature of blocks and temporary lottery freeze
Partners
• New features in PINGme
Project News
• Validators Watcher — a bot for notifications of events occurring with validators
• Updated Exchange from Monster Node
• Interchain started providing API
• First IMO from Public Node
• Now you can buy a TIME for Bitcoin
• WillMint — a platform that connects developers and users
• CAT validator launches full node on TON network
• Affiliate program from 1001BTC Exchanger
Important from Minter's Life
• Meetup's record and its brief summary
• Minter Team spoke about future stablecoins
• Mbank now displays the size of the bonus received when you're buying a BIP
• Massive unbond of 12 million BIP on September 25 may be related to upcoming IMOs
• Telegram Developer Contest
🍃 See ya!
#summary
Forwarded from Minterscan EN
Minter Network is getting bigger. Validators are responsible for the health of the network. Four slots for new validators open each month, but it can be difficult for beginners to figure out how to set up a masternode.
We believe that this kind of information should be publicly available. So we wrote a manual on how to run and set up your masternode from scratch. The manual is available on Github under MIT license.
https://github.com/minterscan/minter_validator_manual
Thanks to Anatoly Ustinov from U-node and Daniil Lashin from the Minter Team for their help in compiling the manual.
We invite all competent experts to discuss and supplement this manual. This is Open Source, we'll be glad to pull requests.
#dev
We believe that this kind of information should be publicly available. So we wrote a manual on how to run and set up your masternode from scratch. The manual is available on Github under MIT license.
https://github.com/minterscan/minter_validator_manual
Thanks to Anatoly Ustinov from U-node and Daniil Lashin from the Minter Team for their help in compiling the manual.
We invite all competent experts to discuss and supplement this manual. This is Open Source, we'll be glad to pull requests.
#dev
Forwarded from – Гордеев, что с криптой?
A Book
I decided to write a visionary book called The Future of Money, in which I will provide my forecast of what money landscape shifts we can expect in the next 10–30 years.
It is more about challenging myself. First, I will need to seriously weigh everything and put a multi-dimensional future in an understandable format. Second, I will have to write in English. And last but not least, the book must be interesting for readers.
Why money? The answer lies in the fact that money is perhaps the most confusing tool of everyday use. No one ever thinks about how it works, but everyone needs it.
In all my endeavors, it is often vital for me to lay out the direction of work through a noscript from which I can develop a story. A story to be told to the community of people with whom I work on a product as well. I have already set the direction: the book will cover the future of money. But if I was going for a concise noscript, I would consider Money 2.0—an implication that all the previous monies were only the first version.
And if you think that I want to simply pick up a pen and start writing, you totally miss the point. I will try to make this book using GitHub, with pull requests so widely seen within this specific environment, so that anyone can add their knowledge and correct my mistakes. All the fact-checking and proofreading will be paid with a project coin, thereby proving in practice that private money is already working today.
I am going to donate all proceeds from the book to the Minter Development Foundation, for the benefit of the development of the Internet of Money.
#money20
I decided to write a visionary book called The Future of Money, in which I will provide my forecast of what money landscape shifts we can expect in the next 10–30 years.
It is more about challenging myself. First, I will need to seriously weigh everything and put a multi-dimensional future in an understandable format. Second, I will have to write in English. And last but not least, the book must be interesting for readers.
Why money? The answer lies in the fact that money is perhaps the most confusing tool of everyday use. No one ever thinks about how it works, but everyone needs it.
In all my endeavors, it is often vital for me to lay out the direction of work through a noscript from which I can develop a story. A story to be told to the community of people with whom I work on a product as well. I have already set the direction: the book will cover the future of money. But if I was going for a concise noscript, I would consider Money 2.0—an implication that all the previous monies were only the first version.
And if you think that I want to simply pick up a pen and start writing, you totally miss the point. I will try to make this book using GitHub, with pull requests so widely seen within this specific environment, so that anyone can add their knowledge and correct my mistakes. All the fact-checking and proofreading will be paid with a project coin, thereby proving in practice that private money is already working today.
I am going to donate all proceeds from the book to the Minter Development Foundation, for the benefit of the development of the Internet of Money.
#money20
It’s super-easy to beat scams. There are only two things you need to do:
– Never transfer money to unknown addresses
– Never buy coins issued by unknown projects
There is no one who could force you to do otherwise. It is your signature that sends your funds to an address or a coin.
If everyone practices such hygiene, scammers will simply have no one to scam. That’s it.
– Never transfer money to unknown addresses
– Never buy coins issued by unknown projects
There is no one who could force you to do otherwise. It is your signature that sends your funds to an address or a coin.
If everyone practices such hygiene, scammers will simply have no one to scam. That’s it.
MORG and GROM coins serve a technical purpose and are intended for authorization on minter.org and grom.org, respectively.
“Low” Coins
So-called “low” coins—the ones that have a CRR lower than 50%—should not be automatically labeled as dangerous. For instance, with TIME (33%), one can observe that provided a certain saturation threshold has been reached, and creators have chosen an appropriate course to follow, the price increases and decreases become moderate. The example of KARMA (10%) perfectly illustrates that if a coin is necessary, it will not fluctuate that much. In the case of KARMA also, we can see that almost no one tries to purchase it with speculative intentions, fearing the rate will drop as many own it. The development is matched by practical necessity.
As the network grows more popular, the focus will shift to low coins that yield good returns for creators in terms of mining and price growth. We expect that it is 20–40-percent coins that will become a real hit with the industry, provided they have millions of BIPs in initial reserve. It is hard to scam people on those, and participants eyeing long-term commitment will not be taken aback by fluctuations in the first couple of months.
The main drawback of low coins lies in the fact that validators’ slashes have a significant impact—e.g., with 10-percent-CRR coins, one loses approximately 5% of reserve on a missed block and 22% on double-signing.
Low coins are the ones to enjoy mass adoption by end consumers, in games and services where users will not even be aware of mining and other tech features underpinning the Minter blockchain.
Stock up on reserves and create low-CRR, short-ticker coins: that is a precursor to success. From there, the harder you work, the more users will believe in you.
And always model using Calculator: https://calculator.minter.network/
So-called “low” coins—the ones that have a CRR lower than 50%—should not be automatically labeled as dangerous. For instance, with TIME (33%), one can observe that provided a certain saturation threshold has been reached, and creators have chosen an appropriate course to follow, the price increases and decreases become moderate. The example of KARMA (10%) perfectly illustrates that if a coin is necessary, it will not fluctuate that much. In the case of KARMA also, we can see that almost no one tries to purchase it with speculative intentions, fearing the rate will drop as many own it. The development is matched by practical necessity.
As the network grows more popular, the focus will shift to low coins that yield good returns for creators in terms of mining and price growth. We expect that it is 20–40-percent coins that will become a real hit with the industry, provided they have millions of BIPs in initial reserve. It is hard to scam people on those, and participants eyeing long-term commitment will not be taken aback by fluctuations in the first couple of months.
The main drawback of low coins lies in the fact that validators’ slashes have a significant impact—e.g., with 10-percent-CRR coins, one loses approximately 5% of reserve on a missed block and 22% on double-signing.
Low coins are the ones to enjoy mass adoption by end consumers, in games and services where users will not even be aware of mining and other tech features underpinning the Minter blockchain.
Stock up on reserves and create low-CRR, short-ticker coins: that is a precursor to success. From there, the harder you work, the more users will believe in you.
And always model using Calculator: https://calculator.minter.network/
Do the rewards fall? Yes.
Take a look at a spectacular graph of this whale who is re-delegating with Monster Node: https://explorer.minter.network/address/Mxadf825cb1d2eb71fa7982d2857ca31b889a4843f?active_tab=reward
Formally speaking, going down from 140,000 BIP to 120,000 BIP per day in four months is a fall, but I think you will agree that it is not as drastic as it might seem.
A 15-percent decline over four months is a healthy indicator.
Take a look at a spectacular graph of this whale who is re-delegating with Monster Node: https://explorer.minter.network/address/Mxadf825cb1d2eb71fa7982d2857ca31b889a4843f?active_tab=reward
Formally speaking, going down from 140,000 BIP to 120,000 BIP per day in four months is a fall, but I think you will agree that it is not as drastic as it might seem.
A 15-percent decline over four months is a healthy indicator.
explorer.minter.network
Explorer — Minter
The Official Price
To design the Internet of Money, we need to automate exchange operations with other blockchains. For that, we will implement atomic swaps for external networks to be able to put up their native coins for sale at the official price. A particular group of Minter users will have the opportunity to agree with the terms, press the “Convert” button, and not worry about anything else.
Let us break it down once again:
– A sidechain is integrated for atomic swaps,
– accepts the official price,
– and puts up the volume for exchange;
– A user of Minter buys it with BIP.
To determine the official price, stakers will be voting via the coin under the same ticker symbol [COIN]. Hence, all data will be recorded on the blockchain so that anyone could verify anything if needed. In fact, it will be even more useful for services undergoing integration as they will be able to discover the price easily and avoid any misleading, offering their tokens to the users of Minter.
What could be more efficient and straightforward? We vote for the price, someone offers us to buy something at that price, and we get to make a decision. That’s it.
Now, let us talk about the figure itself. As you all know, it was Early Access Campaign participants who voted for it to be fixed at USD 0.32 at the start. Meaning it was not materialized out of thin air, set by top management, or influenced by manipulators. It is a real price that has been voted for by “the people of Minter.” Democracy at its best, including the transparency aspect: anyone can verify who voted for what price and ask why if they know the owner of the address.
Once MBank launches atomic swaps, voting for the official price will resume, and every one of us will be able to make an impact based on the size of the stake. That is what is called autonomy, something we all aim to achieve: the price is determined only by those who stake and therefore contribute to the network development. If you are confused by a large difference between the official and market prices, don’t be as what you observe is a short-term calibration of the system. As our network grows more popular and integrates with tens of other blockchains, we will have an inflow of tokens for sale, ready to be exchanged for BIP at the consent of Minter users. Remember: each sale always matches a purchase. There will always be demand for BIP; the question is, what will the price and available conversion options be?
All of it is just a tiny part of a bigger plan for a user-friendly product when there is no depositing or withdrawing the funds, as they call it. What there is, though, are universal conversions—from BIP to BTC or USDT or cash at an ATM via Rapyd. The operations, however, must be instant and irreversible; otherwise, we will be pushed back into the world of intermediaries, commission fees, and please-contact-your-banks.
To design the Internet of Money, we need to automate exchange operations with other blockchains. For that, we will implement atomic swaps for external networks to be able to put up their native coins for sale at the official price. A particular group of Minter users will have the opportunity to agree with the terms, press the “Convert” button, and not worry about anything else.
Let us break it down once again:
– A sidechain is integrated for atomic swaps,
– accepts the official price,
– and puts up the volume for exchange;
– A user of Minter buys it with BIP.
To determine the official price, stakers will be voting via the coin under the same ticker symbol [COIN]. Hence, all data will be recorded on the blockchain so that anyone could verify anything if needed. In fact, it will be even more useful for services undergoing integration as they will be able to discover the price easily and avoid any misleading, offering their tokens to the users of Minter.
What could be more efficient and straightforward? We vote for the price, someone offers us to buy something at that price, and we get to make a decision. That’s it.
Now, let us talk about the figure itself. As you all know, it was Early Access Campaign participants who voted for it to be fixed at USD 0.32 at the start. Meaning it was not materialized out of thin air, set by top management, or influenced by manipulators. It is a real price that has been voted for by “the people of Minter.” Democracy at its best, including the transparency aspect: anyone can verify who voted for what price and ask why if they know the owner of the address.
Once MBank launches atomic swaps, voting for the official price will resume, and every one of us will be able to make an impact based on the size of the stake. That is what is called autonomy, something we all aim to achieve: the price is determined only by those who stake and therefore contribute to the network development. If you are confused by a large difference between the official and market prices, don’t be as what you observe is a short-term calibration of the system. As our network grows more popular and integrates with tens of other blockchains, we will have an inflow of tokens for sale, ready to be exchanged for BIP at the consent of Minter users. Remember: each sale always matches a purchase. There will always be demand for BIP; the question is, what will the price and available conversion options be?
All of it is just a tiny part of a bigger plan for a user-friendly product when there is no depositing or withdrawing the funds, as they call it. What there is, though, are universal conversions—from BIP to BTC or USDT or cash at an ATM via Rapyd. The operations, however, must be instant and irreversible; otherwise, we will be pushed back into the world of intermediaries, commission fees, and please-contact-your-banks.
By the way, MBank itself will be launched on the Telegram Open Network, meaning that the order book and buyer & seller matching will be put on the new decentralized Internet that every device on the planet will have access to. Robots, which will eventually become the primary user of the Internet of Money, will not be able to understand what the phrase “This website is currently down for maintenance” means.
Getting ready for the launch of TON. A short list of anticipated services is available at https://about.minter.network/ton
www.minter.network
Minter: digital assets marketplace
Your single gateway to major digital currencies and assets: buy, sell, send, and spend BTC, ETH, BIP, USDC, gold, oil, stocks, and thousands more.
Forwarded from Minterscan EN
🍃 Mint Digest #7
A fresh past week events review
Minterscan & Zen
• Minterscan is now available in Spanish and Chinese
• One more server has been added to Zen infrastructure
New on Minter.Wiki
• We've added an article about Minter Network User Roles
Partners
• @MinterToolsBot, a bot that displays your wallet data, has been updated
• Elon Musk offers a commission of 1%
• Banks of Kazakhstan added to @BIP_Banker_bot
• As part of the hackathon for monetizing channels and chats, the 1% Validator Team introduced one of the participants and his bot
• Andrey Gorbunov introduced a noscript for dividend payment
Project News
• Stakeholder Validator Team announces hackathon
• MyMinter — an analog of BlockFolio for Minter's coins
Important from Minter's Life
• Minter emission exceeds 1 billion BIP
• Minter Demo Day will be held on December 4th in Moscow
• SEC suspends TON ICO
• Telegram Team reaction to SEC Statement
• Vitalik Buterin talked about the transition to Ethereum 2.0.
🍃 See ya!
#summary
A fresh past week events review
Minterscan & Zen
• Minterscan is now available in Spanish and Chinese
• One more server has been added to Zen infrastructure
New on Minter.Wiki
• We've added an article about Minter Network User Roles
Partners
• @MinterToolsBot, a bot that displays your wallet data, has been updated
• Elon Musk offers a commission of 1%
• Banks of Kazakhstan added to @BIP_Banker_bot
• As part of the hackathon for monetizing channels and chats, the 1% Validator Team introduced one of the participants and his bot
• Andrey Gorbunov introduced a noscript for dividend payment
Project News
• Stakeholder Validator Team announces hackathon
• MyMinter — an analog of BlockFolio for Minter's coins
Important from Minter's Life
• Minter emission exceeds 1 billion BIP
• Minter Demo Day will be held on December 4th in Moscow
• SEC suspends TON ICO
• Telegram Team reaction to SEC Statement
• Vitalik Buterin talked about the transition to Ethereum 2.0.
🍃 See ya!
#summary
Forwarded from Rundax Channel
Stake Defender is an open-source service with a flexible configuration to monitor Minter validator created by the @RundaxCom team.
Main functions and features:
✅ Disable validator (Set Candidate Off) in case of blocks skips between 24 blocks. The number of block misses is configurable.
✅ Ability to run Stake Defender next to the Minter node, as well as on a separate server.
✅ Minter nodes control - start / restart / tracking.
✅ Monitoring events in the Minter blockchain.
✅ Event notification directly in Telegram.
✅ Collection of statistics for pm2.
The modular architecture of the application allows you to configure separately only the functions necessary for your infrastructure.
MIT license. Pull Requests and feedback are welcome.
Developed by Andrei Cherny - founder of the #Rundax validator.
Main functions and features:
✅ Disable validator (Set Candidate Off) in case of blocks skips between 24 blocks. The number of block misses is configurable.
✅ Ability to run Stake Defender next to the Minter node, as well as on a separate server.
✅ Minter nodes control - start / restart / tracking.
✅ Monitoring events in the Minter blockchain.
✅ Event notification directly in Telegram.
✅ Collection of statistics for pm2.
The modular architecture of the application allows you to configure separately only the functions necessary for your infrastructure.
MIT license. Pull Requests and feedback are welcome.
Developed by Andrei Cherny - founder of the #Rundax validator.
GitHub
GitHub - rundax/StakeDefender: Stake Defender for Validator in Minter
Stake Defender for Validator in Minter. Contribute to rundax/StakeDefender development by creating an account on GitHub.
Forwarded from crypto Scrooge
Per-minute content payment.
Let's continue our discussion of new economic models we can build on Minter. This one's mostly fit for movies, but can also be used for games and whatever else you may think of. It's simple - you have a coin for an online/offline movie theater, and with said coin you can pay for a minute of viewtime. You can imagine (or maybe you've been) in a situation where you realize half an hour into the movie that the movie's shit. Per-minute payments for the rescue, you just quit the theatre and get a refund for the remainder of the movie. And with this approach content creators will have to be more responsible with their work, they'll have to not only lure you to see the movie, they'll also have to keep your interest til the credits roll.
Also per-minute payments are also a quality stamp of sorts, because if let's say a lecturer uses this system, they're confident people will listen until the very end.
Let's continue our discussion of new economic models we can build on Minter. This one's mostly fit for movies, but can also be used for games and whatever else you may think of. It's simple - you have a coin for an online/offline movie theater, and with said coin you can pay for a minute of viewtime. You can imagine (or maybe you've been) in a situation where you realize half an hour into the movie that the movie's shit. Per-minute payments for the rescue, you just quit the theatre and get a refund for the remainder of the movie. And with this approach content creators will have to be more responsible with their work, they'll have to not only lure you to see the movie, they'll also have to keep your interest til the credits roll.
Also per-minute payments are also a quality stamp of sorts, because if let's say a lecturer uses this system, they're confident people will listen until the very end.
Forwarded from MyMinter
Hello, dear community. It's time to release our application. We worked hard on it for a month, spent a lot of money and nerves, and after solving all the problems, we are happy to present it to you!
MyMinter is an Android app (iOS version is in development), that will allow everyone to easily control their Minter portfolio and track coins. Everything is beautiful, simple, and free.
Google play - https://play.google.com/store/apps/details?id=com.myminter.app
Telegram - https://news.1rj.ru/str/my_minter
Now we have the following functionality:
- Addition of coins to the portfolio or for tracking.
- Ability to specify the number of coins purchased and the price at which they were bought.
- Visibility of the price changes, and the portfolio as a whole. In BIP, dollars, percentages.
- Ability to follow the course of the coin visually on the chart. Available periods are day, week, month, 3 months, 6 months.
- Availability of coin parameters. Market volume, CRR, initial and current reserves, coin creator wallet and the assessment of trust to this wallet based on scoring.
Our plans:
- Integration with other services to provide comprehensive information.
- Integration with TON.
- Implementation of a wider functionality for working with the portfolio.
- Implementation of social functions and authorization.
- And much more.
- MyMinter Team
P.S Since the project is being created and the entire infrastructure is supported by personal funds, we are in dire need of funding. Please, those who want to help us, send coins to this address Mxb7514c66131a618161d9be485c2f76c8ab6ecfb6
MyMinter is an Android app (iOS version is in development), that will allow everyone to easily control their Minter portfolio and track coins. Everything is beautiful, simple, and free.
Google play - https://play.google.com/store/apps/details?id=com.myminter.app
Telegram - https://news.1rj.ru/str/my_minter
Now we have the following functionality:
- Addition of coins to the portfolio or for tracking.
- Ability to specify the number of coins purchased and the price at which they were bought.
- Visibility of the price changes, and the portfolio as a whole. In BIP, dollars, percentages.
- Ability to follow the course of the coin visually on the chart. Available periods are day, week, month, 3 months, 6 months.
- Availability of coin parameters. Market volume, CRR, initial and current reserves, coin creator wallet and the assessment of trust to this wallet based on scoring.
Our plans:
- Integration with other services to provide comprehensive information.
- Integration with TON.
- Implementation of a wider functionality for working with the portfolio.
- Implementation of social functions and authorization.
- And much more.
- MyMinter Team
P.S Since the project is being created and the entire infrastructure is supported by personal funds, we are in dire need of funding. Please, those who want to help us, send coins to this address Mxb7514c66131a618161d9be485c2f76c8ab6ecfb6
The first major upgrade of the Minter network
Just five months after having successfully launched the network, Mr. Lashin and the team prepared a major upgrade. Here is a summary of the upcoming changes: https://medium.com/@MinterTeam/minter-v1-1-0-d73281a95809
We will release detailed documentation along with code.
What’s new? First of all, speed and reliability will increase significantly. Remember that we work with money here and thus need to be extremely careful and constantly optimize all processes.
Second, one will be able to create coins with limited supply. BIP is limited to 10 billion units, and with a new upgrade, one will be able to set maximum supply for their own custom coin. This might come handy if you do something that requires supervision—for example, sell concert tickets or accrue loyalty points.
Third, we will introduce multisig addresses that can be managed by multiple participants (up to 20) simultaneously—this will provide for the highest security standards and also become our base for integration with IOM, TON, and Cosmos HUB. Consider this: your custom coin is locked on Minter multisig, and the same amount is issued on TON inside our smart contract under a ticker tNAME to be further used for various in-app activities. Take, for example, a game where the winner gets it all, clicks “Withdraw to Minter,” and collects the coins from a multi-signature address on Minter at the same time burning them on TON.
Thanks to multisig, we will launch the IOM sidechain, which will enable atomic swaps of BIP for Bitcoin, Ether, and other integrated cryptocurrencies.
Also, multisig will allow for accepting fiat payments from bank cards much faster. The testing process is currently under way, and transactions take up to one hour. With multi-signature addresses, the time will reduce to less than a minute.
Version 1.1.0 code will be proposed for testing and implemented once 2/3 of the validators have voted in favor of proceeding with the upgrade. No additional action from users will be required.
#V110
Just five months after having successfully launched the network, Mr. Lashin and the team prepared a major upgrade. Here is a summary of the upcoming changes: https://medium.com/@MinterTeam/minter-v1-1-0-d73281a95809
We will release detailed documentation along with code.
What’s new? First of all, speed and reliability will increase significantly. Remember that we work with money here and thus need to be extremely careful and constantly optimize all processes.
Second, one will be able to create coins with limited supply. BIP is limited to 10 billion units, and with a new upgrade, one will be able to set maximum supply for their own custom coin. This might come handy if you do something that requires supervision—for example, sell concert tickets or accrue loyalty points.
Third, we will introduce multisig addresses that can be managed by multiple participants (up to 20) simultaneously—this will provide for the highest security standards and also become our base for integration with IOM, TON, and Cosmos HUB. Consider this: your custom coin is locked on Minter multisig, and the same amount is issued on TON inside our smart contract under a ticker tNAME to be further used for various in-app activities. Take, for example, a game where the winner gets it all, clicks “Withdraw to Minter,” and collects the coins from a multi-signature address on Minter at the same time burning them on TON.
Thanks to multisig, we will launch the IOM sidechain, which will enable atomic swaps of BIP for Bitcoin, Ether, and other integrated cryptocurrencies.
Also, multisig will allow for accepting fiat payments from bank cards much faster. The testing process is currently under way, and transactions take up to one hour. With multi-signature addresses, the time will reduce to less than a minute.
Version 1.1.0 code will be proposed for testing and implemented once 2/3 of the validators have voted in favor of proceeding with the upgrade. No additional action from users will be required.
#V110
Medium
Minter v1.1.0
Hi, everyone! It is Daniil Lashin here, the lead developer at Minter.
The launch of multisig addresses will give the green light to the atomic swap system and sale of BIP at the official price. This means that other blockchains will be able to sell their native coins for BIP using the price determined by the delegators as a benchmark.
Apply to Participate in Minter Demo Day
Everyone willing to attend Minter Demo Day should fill out the form below until November 4:
https://forms.gle/HHNEGWt91LSA6NQ69
We will select the top 50 teams, e.g., games, services, websites, and channels—namely, those who are engaged in any activity that benefits the network and its users.
Everyone willing to attend Minter Demo Day should fill out the form below until November 4:
https://forms.gle/HHNEGWt91LSA6NQ69
We will select the top 50 teams, e.g., games, services, websites, and channels—namely, those who are engaged in any activity that benefits the network and its users.
Google Docs
Minter Demo Day
On Wednesday, December 4, 2019, we are organizing Minter Demo Day—an exclusive Moscow-based event for those who are already working on real projects within the Minter ecosystem.
For half a day, there will be workshops from the team and top projects, and…
For half a day, there will be workshops from the team and top projects, and…