Zeex Developer Update
The Zeex Private Beta was just launched! Testers are already shopping with ETH simply and easily. That’s not all we have going on in development though.
Up until now, we’ve developed our protocol, which encrypts and stores gift cards on the blockchain. Using the protocol you can buy gift cards in a decentralized way with cryptocurrency. After the protocol, we developed the client, so each crypto holder (or HODLer) can buy in 3 taps. Also, our team worked on our token and crowdsale contract, which have both passed two third-party audits.
Including our CTO, ZIv Isaiah, we have 3 developers on the team. Noam Malter, the Chief Architect, is highly experienced programmer who also bakes and plays guitar. Ilan Schifter, our Blockchain Developer, codes solidity like you wouldn’t believe and spends his free time inventing interactive games and activities. Aside from the core R&D team we have several other team members who support them with code and managing the development process.
Right now, the development team is working on the latest update to the Zeex Protocol. Currently there’s a short waiting period between buying and receiving the gift card, partially due to congestion on the Ethereum Network. With the new version, ZIX tokens will be pledged, making the transaction instant. The logic behind this is simple. The waiting period exists to prevent double spending, but if you have already pledged an equal amount of value there is no incentive to act maliciously. If someone does try to double spend, their pledge will not be returned.
We’ll also be working on the Android and iOS apps soon, along with gift card to crypto functionality, so stay tuned!
