Newsletter, June 30th
Another week, another news letter! Today we will go through updates on the wallet and specifics of it. And the results of the conference in Amboise.
Exchange
UI for exchange is done and finished! We also implemented pending orders on the backend! All we need to do is testing trading logic (how the program handles SL/TP, what happens when you open a position and etc.) and we are ready to go for Alpha launch. Although we won’t be able to respect our June deadline, our developers in Vietnam are busy due to some days off to prepare a trading event there, where Jarvis will be mentioned, by the way.
Wallet
Since this week our polish friends and partners ETHworks started the hard work after month of discussion. We started with a good brainstorming regarding the onboarding, for both existing and new users: Jarvis Wallet is a smartcontract-based wallet leveraging from the concept of personal multi-sig: users funds are held in a smartcontract controlled by multiple addressed, each of them being on a different devices. How to make this as safe, and as easy-to-use as possible? In most cases, to have an enhanced user experience we need to do some compromises on the security. This was out of question. We finally endup with a mix between ENS, emojis and meta-transaction. Smooth, sexy, and secure onboarding.
work on the backend of the wallet. More specifically — onboarding when a user wants to connect multiple addresses to the same wallet. Here we would like to remind that Jarvis wallet is not a “usual” wallet but a smart-contract one. In simple words: it is like an “account in the blockchain” which holds user funds. The amazing part about it is that this contract can be owned and controlled by many different addresses each of them being on different devices (phone, laptop, PC, ledger and etc). It follows the same principle as Google account, so you can get notifications if a new device wants to access your account.
This opens many possibilities, especially for user experience! You don’t need to backup your “seed phrase” anymore! All you need to do is to connect as many devices as you want, and if you happen to lose one you know you can easily continue on another one. Of course, there still will be a “seed phrase” for the rare case when you lose access to all of the registered devices as an extreme security measure. In the future, we plan to find a better and more secure solution for “seed phrase”.
It is our main priority right now, and this week we were focused on: What would be a decentralized and secure solution to add a new device that will control the contract. In the newsletter next week, we will give more details, on the solution that we have discussed with ETHworks to include the use of emoji. So next week we will show you how emoji can ensure security and easy recovery of your funds.
Business
Quick update on the bureaucracy: we have sent all the documentation needed and now waiting for the response of the compliance of our Liquidity Provider.
Now let’s talk about more interesting stuff. Last week Pascal visited the French city of Amboise, and it was beautiful and interesting, especially Chateau!
But what was more interesting was the conference itself. As the legacy companies that deal with “old-fashioned” gold, are showing great interest to go digital and to use blockchain for future growth. They understood that their current product is perfect for the older generation and they reached great success with it. However, the younger audience is not attracted to gold and sees Bitcoin as “the gold of the future”. So now, it is very important for this kind of company to make the right decision. We are very pleased to see that a number of companies are doing it now. Not only they want to go digital, but they want to be on a blockchain, to expand and attract a very different kind of customers.
This is all for now. Have a great Sunday, and see you next week!
Vsevolod.
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