Greetings to all OmiseGo followers! During the past two weeks, the team has continued working assiduously on Ethereum integration. The primary goal was to cover edge cases and integrate the eWallet more seamlessly with Ethereum. This includes Ethereum to internal wallet transfers, allowing multiple transactions per block, integration tests between Ethereum and the eWallet, as well as starting on the Plasma integration. Things are moving fast and furious on the abstract layer contracts implementation! The production child chain has been refactored to support newer transaction types, meaning that any new transaction features they would like to accommodate in the future can be included without too much complexity. The changes to the root chain contracts are well underway with standard exits having already been implemented. Currently, the team begins to implement new APIs and change the data model to allow for easy visualization of UTXOs as they begin their exit.
Burger King Thailand (Minor International Pcl) launched a crypto eWallet that uses the OmiseGO eWallet Suite. Minor International Pcl is one of the largest hospitality, restaurant and lifestyle companies in Asia. The information was released by OmiseGo on its official site a few days ago.
Go.Exchange is now live and open for public signups! If you want to learn more about them, the team’s visions and how they plan to become an exchange used and trusted by people all around the world, please read their latest blog post. And keep in mind that Go.Exchange referral program is live! Refer and earn to help the team grow the community!
The re-release of Plasma Dog celebrates two major milestones: the migration to the Samrong Network, and the first-ever release of the long-awaited Hoard SDK. Both milestones enable a host of new features. Check out the details in Hoard official blog.
As for the social side, these weeks the team talked to Eric, a core contributor for Status.im, working on the Embark team, about the Embark DApp framework and the new Embark-Plasma plugin which makes it easier to integrate DApps into the OmiseGO Network.
And last but not least, the community constantly grows. There is a slight increase in the number of subscribers of OmiseGo official social media channels. So far so good. These weeks, the team has launched their new website. Give it a spin!
Development
GitHub metrics:
Developer activity (from Coinlib.io):
Technical Update
Integration Team Update 31
eWallet
During the past two weeks, the team has continued working on Ethereum integration. The primary goal was to cover edge cases and integrate the eWallet more seamlessly with Ethereum. This includes Ethereum to internal wallet transfers, allowing multiple transactions per block, integration tests between Ethereum and the eWallet, as well as starting on the Plasma integration.
These tasks are currently being worked on or are pending review by OmiseGO Integration Team members:
v2.0
- Implement integration tests using Geth (#1127)
- Receiving blockchain transactions (#1123)
- Nonce handling (#1135)
- Documentation fixes (#1132, #1133, #1129, #1130, #1131)
v2.1
- Plasma integration proof-of-concept (#1128)
You can always can follow the progress on the eWallet GitHub project page and on their GitHub Milestones page. If contributing code is your thing, the team has list of issues suitable for first-time contributors. Why not take a shot at it?
Potterhat
Work is being done with integrating Potterhat to the eWallet, specifically their staging eWallet environment. Since this is an infrastructure/DevOps task, the team does not have a public pull request for progress tracking.
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30.
eWallet Suite More Resources:
- OmiseGO eWallet GitHub repository
- Initial public demonstration of the eWallet
- Chat to the eWallet team
Plasma
Blockchain Team Update 26
The team is now pushing ahead with the introduction to Abstract Layer Design. The production child chain has been refactored to support newer transaction types, meaning that any new transaction features they would like to accommodate in the future can be included without too much complexity. The changes to the root chain contracts are well underway with standard exits having already been implemented.
In order to ensure that the plasma security model will continue to work as expected under high load, they have started a new set of test suites to mock root chain exits and byzantine behaviors.
Currently the whole UTXO model has been found to be very confusing for end-users and integrators, especially with regards to the life cycle of the exit processes. To alleviate this pain, they begin to implement new APIs and change the data model to allow for easy visualization of UTXOs as they begin their exit.
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25.
For more on Plasma, see these community-produced resources:
- Learn Plasma, a community-led education initiative
- What is Plasma? Plasma Cash? by Jinglan Wang
- This primer from Consensys
- This nifty chart comparing different plasma designs
- Plasma Tesuji Github repository
- How OmiseGO will bring Plasma in everyone’s daily life by u/pwolf88
- An introduction to Plasma by Alexander Butler
- Towards A General Purpose Plasma by Plasma Group
Embark — Plasma Plugin:
The team got to know Eric during the Surge BKK Hackathon, there they began to discuss the idea of them taking part of the ODP and possibly creating an Embark Plasma integration. Eric is a core contributor for Status.im, working on the Embark team. Under Embark, he is responsible for contributing to all aspects of the Embark Framework, including core improvements, new features, maintenance, and community support. This month they talk to him about the Embark DApp framework and the new Embark-Plasma plugin which makes it easier to integrate DApps into the OmiseGO Network.
Social encounters
Upcoming events:
October 08th-11th, 2019: Devcon 5 in Osaka.
Jun tweeted on May 11th, 2019:
Reddit:
Responses to previous OmiseGO AMAs: AMA #1, AMA #2, AMA #3, AMA #4, AMA #5, AMA #6, AMA #7, AMA #8, AMA #9, AMA #10, AMA #11, AMA #12, AMA #13, AMA #14, AMA #15, AMA #16, AMA #17, AMA #18, AMA #19, AMA #20, AMA #21, AMA #22, AMA #23 with Hoard Exchange.
Finance
Token holders and the number of transactions dynamics (from Etherscan.io):
There is a slight decrease in the number of token holders these weeks.
Information from Coinmarketcap.com:
Go.Exchange sign up open.
Click here to read further on how the team plans to become an exchange used and trusted by people all around the world, please continue reading. They are discussing these main focus areas but please keep in mind that business strategy may change over time:
- Transparency and Trust
- Regulation and Compliance
- Community Burns
Go.Exchange will:
- As mentioned before, they will use the OmiseGO Network to improve user security when it is ready to be integrated with.
- OMG will be used as a discount token on GO.Exchange for 3 months as a launch promotion. Starting on June 25th, 2019, any trader with a balance of at least 500 OMG on their account will have their trading fees reduced by 50%.
- Go.Exchange will set aside 100% of the transaction revenues to burn OMG tokens for 3 months as their inaugural community burn. This is a temporary token burn as part of their launch promotion.
- After the launch promotional period, the tokens burned in community burns will be selected by voting with their native reward token, GO.Exchange Token (GOT), which can be acquired through transacting to GO.Exchange much like a loyalty reward point. In the future, community burns will use 50% of GO.Exchange trading fees, instead of the 100% that they are using for the 3 months OMG burn as part of the launch promotion. You can read more about GOT here.
- As part of the launch, they’re also giving away 20,000 OMG. The first 2,000 users to transact on the exchange for $500 USD equivalent or greater on the exchange will receive 10 OMG. Users from the soft launch are also qualified for this promotion.
Feel free to follow the progress through these channels:
You can also view their open positions here.
And the trading fees are now live. You can read here for more details.
Partnerships and team members
Burger King Thailand (Minor International Pcl)
Minor International Pcl, one of the largest hospitality, restaurant and lifestyle companies in the Asia-Pacific region continues to be an industry leader in technology and innovation by bringing cutting edge blockchain technology to production and front-end interface for user experience.
In December 2018, Burger King Thailand (Minor International Pcl) launched their eWallet, using the OmiseGO eWallet Suite. The OmiseGO eWallet Suite provides the back-end for Minor Group’s Food and Beverage (F&B) loyalty program. The program is designed to increase customer retention and spending. Customers are able to accrue loyalty points through their online or offline purchases using Burger King’s existing mobile application. Loyalty points can be used to claim rewards.
The re-release of Plasma Dog celebrates two major milestones: the migration to the Samrong Network, and the first ever release of the long-awaited Hoard SDK. Both milestones enable a host of new features. Details below!
Rumors
The team has launched their new website:
The updated site includes changes to design and navigation. The team has also improved how they’ve laid out the content, so you’ll get more from a quick scroll.
OmiseGO Survey: Usage of cryptocurrencies and stablecoins:
As the team further develop their understanding of the payments and crypto market, OmiseGO is curious to learn more about usage of cryptocurrencies and stablecoins for payments.
The aim of this survey is to collect the views of survey participants. This survey should take between 10–15 minutes.
OmiseGO Survey: Block Explorers:
The team would like to learn more about your usage of blockchain explorers.
Twitter:
Compound will have a polling to include OMG in their system:
Active Reddit discussions:
MakerDao’s poll about OMG to be in collateral is now live. Cast your vote!
Sad to see OMG didn’t make it on the Binance U.S list. Can anyone speculate why?
Is the OmiseGo Plasma layer still necessary with Ethereum 2.0?
Is this why Omise needs the OMG Network?
Need to start asking questions…
Other:
Netflix’s Altcoin Documentary Could Push Bitcoin To $25,000+: Netflix doc with OmiseGo.
OMG Network Guide by OMGPool:
This guide is an extensive non-technical introduction to the OMG Network, and is maintained by OMGPool and the community. It’s their goal to keep this collection up to date to reflect the current status of the OMG Network. Therefore, they also want to welcome contributions from the community and made the repository available on Github for everyone to help!
Social media metrics
Social media activity:
Social media dynamics:
OmiseGo community continues to grow. However, there is a slight fluctuation in the number of subscribers of OmiseGo social media channels these weeks.
Twitter — The average number of retweets is 35–75 for one post.
Facebook — 60–90 likes per publication, 5–10 shares.
Reddit — Daily discussions with 100–250 comments.
Bitcointalk.org: since July 15th, 2017. Discussions on the latest updates, price.
OmiseGo Chat channels: Announcements; Jobs; OmiseGO — Trading channel for speculation and trading; Random; Rules; Staking; Trading; Wallets; Japanese.
Official China community channel on WeChat (ID: omisego_china).
The graph above shows the dynamics of changes in the number of OmiseGo Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.
