Aug 28, 2018
OmiseGO: Tesuji Plasma with PoA released on Github, BAT looking forward to scaling trough Plasma
Biweekly update 14th August — 28th August
Development
OMG Network Repo is Now Open!: the GitHub repository for an early alpha release of the Tesuji milestone is now public. Tesuji Plasma is the basis of the first release of the OMG Network.
Technical Update:
eWallet SDK
Point of Sale (POS) mobile applications for the eWallet. eWallet Update 8/18/18.
Merchant application repo (Android)
Moved from 1.0.pre0 to 1.0.0. v1.0.0.
Blockchain integration design.
- eWallet Update 17/08/18: the “Madness? This. Is. Sparta!” edition
- eWallet Update 03/08/18: the “All it takes is a little push” edition
- Town Hall 0x3
Latest Plasma Update posted on 8/9/18 here.
Over the last few weeks, the Plasma team has been spending a lot of time working out auxiliary services for Plasma implementation. This includes an improvement to fast withdrawals, additional work on mass exits, and more math around the economics of Plasma.
The team also been finalizing some documentation around More Viable Plasma, proposed V1 Plasma design.
OmiseGo starting a hiring push for a team that will focus more on theoretical research, specifically to work on long-term problems.
Plasma Implementers Call #13: 🦉 Have Fun with Batch Auction Plasma: Plasma Debit liquidity markets. Plasma working groups to get the Plasma research done in person, plus hosting a LIVE Plasma call in devcon. Plasma XT & Gnosis presentation on their batch auction Plasma construction.
Plasma Update #2 — August 27, 2018.
Social encounters
Where OmiseGo Founder Sees Massive Ethereum Scaling and Adoption by 2020: Jun Hasegawa, the founder and CEO at OmiseGo, a billion dollar blockchain network launched on top of the Ethereum protocol, has outlined the future of Ethereum and the roadmap of its growth over the next two years. Hasegawa wrote:
“2017 : Speculation (ICOs)
2018 : PoC / Ecosystem bui;d / Scaling solutions ( L2 #Plasma #OmiseGO/ L1 #Sharding #Casper ) / Interchain protocols
2019 : Real business adoption / UIUX focus tools / More Dapps
2019 to 2020 : thereum massively scale and used by gov. We will see huge difference between real adoptable protocol and toxic speculation project.”
Front End Stage — Decentralized Web Summit 2018 — Day 2 02: Joseph Poon — The Abundance Game.
Ethereum Plasma — Ethereum’s New Scaling Strategy and Design Space.
OmiseGo will be participating in Status’s upcoming CryptoLife hackathon, which will take place in Prague just before Devcon4 (October 26–28).
Jun Hasegawa and David Knott will be talking at Ethereum Industry Summit — ETHIS will be taking place in HongKong on the 8th September 2018.
Community Update — August 2018:
- Decentralized Web Summit, San Francisco, USA (July 31 — August 2). Videos.
- eWallet SDK and Plasma workshop at Neutrino Tokyo, Japan (July 28).
Upcoming Events:
September:
- China blockchain week (Sept 7–12)
- ETHIS (Sept 8)
- Neutrino Shanghai launch and eWallet+Plasma workshop (Sept 10)
- Neutrino Beijing launch (Sept 13 — tentative)
- Neutrino Singapore eWallet+Plasma workshop (Sept 21)
October:
- ETH San Francisco (Oct 5–7)
- Web3 Summit (Oct 22–24)
- Status #CryptoLife Hackathon (Oct 26–28)
- Devcon4 (October 30-November 2)
Finance
TA with fibonacci spiral: OMG — manufactured decline.
OMG listed in Everbloom.
OmiseGo (OMG) AirDrop: Electrify Asia (ELEC) Announced.
OMG listed in everbloom, a dex alternative to etherdelta.
Roadmap
Fuseki (Delivered)
The Fuseki milestone was achieved in Q1 2018. Fuseki delivered the OmiseGO eWallet repositories, which included a server and mobile SDKs to onboard eWallet providers. Blockchain integration will be included in a later milestone.
Sente (In Progress)
The Sente milestone includes feedback from users of the closed beta and from Fuseki. Notable changes in the eWallet SDK from Fuseki to Sente includes:
- A re-designed administrative dashboard
- Transaction request flow (QR codes) to enable peer to peer payments between users
Honte (Spooned)
OmiseGO has stopped on the Honte milestone. The repository for Honte may be found here. The full design of the blockchain and decentralized exchange on Tendermint may be found here and here respectively.
Tesuji (In Progress)
When the Tesuji milestone is reached, we will deliver OmiseGO’s first implementation of Plasma. Whilst not decentralized, Tesuji Plasma does not compromise on security or performance. The design of Tesuji Plasma may be found here.
- Proof of Authority run on OmiseGO servers.
- Exit to Ethereum for final safety.
- CLI to monitor the child chain.
- Atomic swap support (note that orders are not firm)
- Multiple currencies
Aji (On Deck)
Support fiat, debit/credit cards, top-up/cash-out, Omise Payment
Plugin support in the eWallet SDK for cash in/cash out
TBN (To Be Named DEX Phase 1)
The implementation of the decentralized exchange is split across two phases. The first DEX phase maintains a centralized service to provide an order matching services. However, the order matching service does not have custody of funds at any time.
- Incentivize UTXO set reduction
- Non-custodial on child chain order settlement
- Initial integration of eWallet SDK with ERC20 token support
TBN (To be Named DEX Phase 2)
DEX phase 2 fully decentralizes the exchange by moving the order book and order matching processes into the Plasma chain.
- Decentralized order matching
- Initial integration of eWallet SDK with Plasma
TBN (To Be Named)
There are use cases where non-fungible tokens are useful, such as ticketing, unique in-game items.
Removal of confirmation messages in Tesuji Plasma
Conditional payments — Where payments are only made when a condition such as a date and time has passed, or when multiple signatures are present
Non-fungible tokens
TBN (To Be Named — Limited Proof of Stake)
This milestone will commence the phase-in of staking.
Validators and the operator share the responsibility of securing the Plasma chain
TBN (To Be Named — Proof of Stake)
Full proof of stake where the operator is no longer required
Shinte
The Shinte milestone includes enhancements to the decentralized exchange to mitigate unfair advantages that validators, the operator or other users may have over other users of the decentralized exchange.
Order blinding would allow users place an order whose details are not revealed until the order is live in the order book.
- Provisions against validator/operator front-running
- Order blinding
Tengen (Goal) The Tengen milestone is reached when the OMG Network:
- Has a decentralized exchange
- Uses Proof of Stake consensus
- Is highly scalable through multiple child chains
- Is able to interoperate with multiple different blockchains
Note that we plan to continue adding functionality and improving the OmiseGO network after we reach Tengen.
On the Horizon and Approaching
Although these items may be at the bottom of this roadmap, it does not mean that they are low priority. Items in the On the Horizon and Approaching section may be prioritized and moved into a named milestone.
- Delegated exit initialization — Allows users who are unable to watch the Plasma chain all of the time to delegate responsibility to watch the Plasma and to exit on the user’s behalf.
- Direct exchange between wallet providers for tokens that are not issued on the blockchain — This feature will enable functionality such as direct interchange of loyalty points between wallet providers.
- Multiple root chains. ie different root chains for safety
- Interchain communication — The ability for different child chains to communicate and transact.
- Child chain independence of root chain — increase safety of the Plasma chain which would in turn reduce dependency on the availability of the root chain
- Economic incentives for exit and challenges (add bonds)
- Multiple child chains to a single root chain and nested chains
- Bitcoin clearinghouse to enable trading on the decentralized exchange Bitcoin and Bitcoin-like cryptocurrencies
- Mobile light client, mobile trading app
Medium Roadmap Update Blog Post.
Partnerships and team members
OmiseGO supports Code Chrysalis.
Rumors
3 Great Reasons To Keep HODLing OMG on Investinblockchain.com:
- A Wallet, a DEX and Infinite Possibilities.
- An Array of High Profile Partnerships.
- A Strong Team Supported By Experienced Advisors.
Why Investors Should Pay Attention to OmiseGO on Hacked.com.
Soona Lisa — soonalisa: In the OmiseGO (OMG) community, soonalisa is the nickname that is used to address Jun Hasegawa, CEO and co-founder of Omise and OmiseGO.
Reddit discussion: How far away is Plasma?
Watch out for phishing email scam: an email that appeared to be from OmiseGo.
Reddit — BAT team are interested about the Plasma’s development:
Gates Foundation — @gatesfoundation — “By 2025, we can add US $3.7 trillion to the GDP of developing nations. How? By building digital financial systems to include the poor”. Video with OmiseGo mentioned. OMG Tweet to Gates Foundation.
Twitter — @omise_go: “For #opennetworks #1 (reduced cost) and #2 (reaggregation) are a self-perpetuating cycle. #Decentralized systems create savings by decreasing rent that centralized systems can charge; users pay for what they need and have the choice to opt out of the rest”.
Twitter — Eva Beylin @evabeylin: Working with @kelvinfichter to build out http://learnplasma.org … which topics are you *most* interested in learning about?
10% — Plasma Assumptions
61% — Plasma Use Cases
13% — Plasma UX Considerations
16% — Integration w other L2s
How OmiseGO will bring Plasma in everyone’s daily life.
Will OmiseGO (OMG) Be the Only Payment Processor You Ever Need?
Fundamental Analysis — OmiseGo on Investfeed.com.
OmiseGO IS BETTER BUY THAN RIPPLE by Crypto Coin Investor.
Social media activity
Twitter — average number of retweets is 35–75 for one post.
Facebook — last publication — on 21st July 2018.60–90 likes per publication, 5–10 shares.
Reddit — the longest threads has 100–250 comments (Daily discussions).
Youtube — 1 278 subscribers (21st August, 2018), 1 282 (28th August, 2018). Omise Thailand — 479 subscribers (21st August, 2018), 480 (28th August, 2018). .
Bitcointalk.org — since July 15, 2017. 1520 posts, last publication — August 27, 2018.
Chat.omisego.network channels:
- Announcements
- Jobs
- OmiseGO — Trading channel for speculation and trading.
- Random
- Rules
- Staking
- Trading
- Wallets
- Japanese日本語
