WAVES Weekly No. 27
London and Meetups
This week, members of the Moscow Waves team are visiting London for the Blockchain Week and Blockchain Expo on 23–24 January at London’s Olympia. Sasha took part in the panel discussion entitled ‘What is an ICO?’ yesterday(exact time 1:49:40). This series of events is a great opportunity to meet with other entrepreneurs and businesses in the blockchain and broader fintech space.
It’s also the perfect excuse to get together with some of the Waves community who are based in and around London. Check the #London channel on Slack for up-to-date details, but as things stand we’re aiming to meet on Tuesday 24th at 7pm in the Revolution bar just a few minutes walk from the Expo center at the Olympia. The address is 1 America Square, London, EC3N 2LS.
Back at the Digital October Center in Moscow on 26th, there will be a conference about the regulatory situation for cryptocurrency in Russia to date. Last week, Sasha gave two presentations at the Moscow Blockchain developers’ meetup about proof-of-stake.
A new exchange is launching! Tidex, which is currently in beta, will work closely with the Waves platform. As well as trading WAVES itself and other popular cryptocurrencies such as BTC, LTC, ETH and DOGE, it will be a home for CATs launched on the Waves blockchain. Waves tech will be integrated on the backend in time, providing the security and advantages of a decentralised exchange where appropriate, and allowing Tidex to pioneer best practices.
To find out more, join the #tidex Slack channel. The bounty programme will start on Monday, with testers receiving rewards for replicable bugs.
WCT and DEX
The first tranche of the Waves Community Asset, WCT, was successfully distributed on last Monday. 20% of the total supply (2 million of 10 million assets) was sent to Waves investors, based on a snapshot of the previous 15 days. Exchanges did not qualify, and neither did WAVES that have not yet been withdrawn from the ICO area, which meant that holders received a larger share pro-rata.
There is already a lively OTC market for WCT, though reliable price discovery will only take place once it is traded on Waves’ forthcoming DEX. WCT holders will receive regular rewards, starting with a distribution of wBTC from Byteball.
You can find out more about DEX development and timeline, and BTC/fiat gateways, in the previous Weekly.
Now that we have a number of CATs launched on the Waves blockchain, with many more to come, we are inevitably encountering the problem of fake assets. Although every token id is unique, duplicate asset names are possible. This was an intentional decision made to prevent asset-squatting.
Where tokens are traded on a centralised exchange, this should not be a problem. In the long-term, the issue will be addressed through a decentralised reputation system, which will allow the community collectively to filter assets deemed fraudulent. This will be an important protection for those trading on DEX. Until then, and as a matter of course, you should always check the asset id against the id published by the issuer.
Our Waves challenge is still running. We have a first prize of 1,000 WAVES, plus Waves t-shirts and stickers for runners-up. Read this post for more details.
Front-end Developer Wanted!
Waves Platform is looking for a new front-end developer to speed up development of the lite client, including the Waves DEX. You can find out more details and a list of requirements here.
Waves Nodes and Lite Client Reminders
If you would like to run a full node, please download the latest mainnet releases v0.3.6 at https://github.com/wavesplatform/Waves/releases. Anyone can run a node, but you will need at least 10,000 WAVES to generate blocks. You can read the installation guide here.
For regular users the Lite client can be downloaded from https://wavesplatform.com (Please be aware that there have been issues with fake github repositories, as well as fake Twitter accounts and Slack identities.) Alternatively, the standalone Chrome app will automatically update as new versions are released.
Waves Weekly Crypto Round-up
In episode #15, we have our usual round-up of the crypto and traditional markets, and some deeper analysis courtesy of the Rational Investor’s Brian Beamish. We also head to the Waves office to talk to front-end developer Sergei Ishchenko.