Ensuring the STK Community is well-informed is one of our top priorities. In our past AMAs, it’s fair to say more than 50% of the questions were about our progress and future plans. So, here we are! Here’s a recap of our most recent accomplishments and future directions.
Crypto Wallet Accomplishments:
Multi-Token Payment Channel
Our Multi-token payment channel has been fully tested and completed. We will be releasing it publicly on GitHub on August 10th. Whereas the previous architecture required a new state channel to be created for each unique token, this payment channels allows users to store and transact with any ERC20 token within a single payment channel. This set of smart contracts also uses state channels and signs transactions off-chain, like the single token payment channel. Implementing a Multi-token channel dramatically decreases the cost for our users.
Bitcoin’s Lightning Network
We have also begun running lightning network nodes, both on local client and on Android. Our goal is to support Bitcoin payments in stores.
The team has developed our Multi-token Payment Channel and Lightning Network to better meet community needs. Our vision is a platform that enables ubiquitous mass-adoption of cryptocurrencies — and creates the best of the best opportunities.
Fiat Wallet Past Accomplishments:
The STACK fiat wallet has arrived! We’ve rolled out to externals, including members from our STKToken Telegram channel. We have onboarded many users and counting. The STACK wallet includes many practical day to day functions including:
- P2P transfers — simple and easy transfers between your friends after a meal you’ve just split
- POS purchases — your STACK account will come with a beautiful sleek black card, which you can use at any terminal that accepts Mastercard
- World Stream — a social media twist on sharing your latest purchases
- You Stream — being able to easily see your transactions all in one place
- Set Goals — money saving techniques, whether for your new technology or your vacation, STACK can help you!
- ATM withdrawals — free ATM withdrawals (that’s pretty self explanatory)
- Financial IQ — get powerful insights on how you are spending your money
With the STACK app, STK is unlike any cryptocurrency technology out there. The fiat wallet enables users to manage their day to day finances; while the STK portions becomes a bridge between cryptocurrency and real-world use cases. We can use this partnership to bring cryptocurrency to the masses.
All the things in store for our future:
After the fiat wallet public launch this month, the crypto launch will be fast to follow and open to beta users. You can look forward to more token options and other exciting news for the rest of 2018!
There was also interest in the last Reddit AMA whether we were going to get more involved in the community, yes — absolutely!
We will be at the Boost Blockchain Job Fair in Toronto in August 23rd. Buy tickets here, and save 25% on tickets with the code `BoostSTACK`!
We will also be sending representatives to the Blockchain Futurist Conference! If you do happen to be at the event and see any of us (we’ll be wearing STACK shirts), we’d be happy to meet you!
These are the first of many events. We will be announcing future events and meetups as they come closer.
