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RightMesh Bi-Weekly Update: July 27

Amber McLennan
RightMesh
Published in
7 min readJul 27, 2018

Dear community, today, we are finally able to share the full details of what happened between pausing the RightMesh TGE in March through til now. Here we also answer your questions on listing RightMesh tokens on bigger exchanges, if we will be engaging the services of a “liquidity provider”, and the current token price?

Please read on for the full story of the pausing of the TGE, rescheduling the final TGE round, public distribution of RMESH tokens, unlocking the tokens, and our activities (or perceived lack of activity) since then.

Thank you for your patience during the past few months as we worked tirelessly with regulators. We are so excited to be able to share these details with you today. Onwards and upwards.

TL:DR

Press

Our Lessons Learned on ICO Governance and Regulatory Restrictions

“Last night, RightMesh, a Swiss company, submitted the final few “exempt distribution reports” with the British Columbia Securities Commission (the BCSC) in Canada. These “exempt distribution reports” were a necessary step in the Canadian securities law compliance process of the RightMesh TGE, which included a reliance by RightMesh on a Canadian securities law prospectus exemption set out in British Columbia Instrument 72–503 — Distribution of Securities Outside BC (BCI 72–503).

Completing this process also means we are [finally!] at liberty to provide greater clarity on the pausing of the RightMesh TGE as first announced on March 26, 2018 and its subsequent restarting with the public distribution on May 30/31, 2018 and the unlocking of the tokens on June 29, 2018. This also relates to our activities (or perceived lack of activity) since that date.”

Please read John Lyotier, RightMesh CEO’s, article here for the a full overview and to have your questions answered such as:

  • Will you list RightMesh tokens on a bigger and better exchange?
  • Will you engage the services of a “liquidity provider”?
  • Will you ‘market’ your token?
  • What about the current token price?
  • Can you talk about team token trading and policies?

Read the full story from our CEO, John Lyotier, here

Tech

Our tech team has been updating the RightMesh end-to-end data transmission protocol to improve the network performance. The Transmission Control Protocol (TCP) is not usable in the RightMesh Project. TCP is built on top of the Internet Protocol (IP) where every node in the network is addressed by a unique IP Address. However, in the RightMesh network, Wi-Fi and Wi-Fi direct hotspots do not have unique IP addresses and Bluetooth devices do not have an IP Address at all. TCP is good for communicating when there is always a stable single-hop link from a data source to a destination, which is not realistic in RightMesh where the network topology is constantly changing. As a result, we implemented our own RightMesh-TCP to achieve the objective of reliable end-to-end data transmission.

With our updated RightMesh-TCP we are seeing much faster and more consistent speeds than we have been seeing in previous months, enabling us to send larger payloads like images. The improvement is achieved by the following two changes in our TCP protocol. Firstly, we added a maximum size for the data packets buffer on the sender’s side. Initially, the buffer size was unlimited and would cause problems such as too many packets being queued up in the buffer to send. This would overwhelm the network, and the receiver would not get a chance to acknowledge the received packets, while the sender keeps retransmitting the same packet again and again. Secondly, we implemented a fast-recovery mechanism into our design inspired by the idea behind TCP-Reno .

Beyond this our developers have been working hard on the structure of the library and our development tools, helping us move faster. and grow our team. If you’re interested in working to connect the next billion, check out rightmesh.io/careers.

We’re Hiring!

We are looking for passionate problem solvers to join our growing team and help us connect the next billion.

Positions include:

Product

  • Wallet Design: Our product team has been conducting research for the RightMesh service and wallet design. To do so they have been looking at cryptocurrency wallets, dApps, mobile money services and other wallet style apps with a reward or points system.This has led to the creation of refined designs to better fit our communities needs.
  • Applications: Our apps team in Bangladesh are continuing to work with on real world user research for app concepts. We will soon be releasing demo videos on what these applications look like.

AMA

RightMesh held an AMA with the RightMesh Telegram community. For almost 2 hours, our core team members were available to answer questions related to anything RightMesh — from product to RMESH, roadmap, community plans, and more.

Team members and advisors included:

The questions, and answers, are relevant to all our community, so we wanted to share the common ones with you.

Read our full Telegram AMA Recap here.

If you have more questions you would like answered, please join the conversation on our Telegram Channel.

Launch of Chinese Telegram Channel

We have learned from the activity in our channel that Telegram is a popular medium for our Mandarin-speaking community. To make conversation flow more coherent, we are pleased to establish a channel that will cater to this community. Please join us here.

Join us on our Chinese Telegram Channel

Events

  • July 16th: Our Director of Corporate Strategy, Melissa Quinn, and our CFO, Simon Jones, attended the Metadium meet up in Seoul, Korea. They both enjoyed meeting the Metadium community and learning about their protocol.
  • July 16th–20th: Melissa and Simon stayed in Seoul for the duration of the week to attend Korea Blockchain Week. At the Beyond Blocks Conference, it became clear that the community is keen to build relationships and collaborate on scaling the industry. People were most interested in use cases of technology and how the tokens flow.
Simon and Melissa at the Blockchain Partners Summit 2018

Groups like Hashed were incredibly prevalent throughout the week spreading their support for innovation, along with the leading messenger giant, Kakao, sharing its vision for blockchain within their ecosystem, and finally the leading exchange, Binance, emphasizing is values and its vision for a better world with more crypto adoption!
Please stay tuned for a full recap of Korea coming soon!

Simon, Les, and Melissa at the DNA cocktail party in Seoul, Korea
  • July 16th: Our Product Manager Blockchain, Brianna MacNeil, and Marketing and Events Specialist, Amber McLennan, spoke on a panel in Vancouver titled ‘Meet the Women in Vancouver’s Top Blockchain Startups’ at 7Gate Ventures. They were joined by Kara Zucker, the Head of Operations at Blockchain Assembly, and Layne Lafrance, Product Manager at Axiom Zen. There were a lot of great questions by the crowd and longer discussions following the event.
Layne Lafrance, Amber McLennan, Kara Zucker, and Brianna MacNeil on the panel

Where to find us next week:

  • July 28th: Our product team, Laura, Brianna, and Ben, will be participating in a Search and Rescue exercise with the Canadian Coast Guard on Saturday to observe the use of communication technologies in marine rescue situations. The information gathered will be applied to our Flare app that is currently being worked on.
  • August 9th: Our Director of Corporate Strategy, Melissa Quinn, will be attending Token Forum in Seattle, Washington. The conference is focused on advanced topics and dedicated networking facilitating small-group peer discussion format, discussing real-world business use cases, token economics, and the emerging role of digital currencies in the enterprise. Melissa is greatly looking forward to networking with the Seattle Blockchain community.

Scam Alerts

It has come to our attention that a fake RMESH token was listed on an exchange. If you are choosing to engage in trading, it is your responsibility to ensure the smart contract address is correct.

Stay in Touch

To stay up to date with RightMesh, please join our social channels:

Blockchain
Ethereum
Regulation
Security
Rmbiweeklyupdate

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Amber McLennan
RightMesh

Written by Amber McLennan

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