Re: [ANN] Peerplays - First Ever Blockchain-Based Gaming Platform
Answer to questions about Freedom Ledger, Open Ledger, and BitShares
A GUI wallet is just a "front-end" way to display the data from the blockchain that is more user friendly than the command line.
BitShares (built on Graphene) is a blockchain with built-in smart contracts that enable a Decentralized Asset Exchange, Shareholder Governance, a referral system, and many other cool DAC/DAO features. Think Polonex or BIttrex, but 100% on a blockchain and governed by shareholder voting.
Freedom Ledger and Open Ledger are web hosted GUI wallets that display the data from the BitShares blockchain. Unlike other web wallets like blockchain.info or Coinbase (and centralized exchanges like Poloniex or Bittrex), your private keys for your tokens are not stored on Freedom Ledger or Open Ledger's servers, but rather directly in your browser. This is truly decentralized and much more secure for you, but also makes it Extremely Important to back up your private keys, because if you delete your browser cache, they are lost forever.
In terms of user-friendliness, both Freedom Ledger and Open Ledger are simply clones of the "generic" BitShares GUI that was built by the BitShares devs. There are so many features to BitShares (they really jam packed it), that for now the generic UI is complicated for those who are not familiar with its many capabilities. However, the BitShares blockchain is open source and so anyone could create a more user friendly GUI if they wanted to, but for now we have this slightly less user friendly version.
This is correct. Peerplays is built on Graphene as the back end - but will have its own GUI designed by gamers. The Peerplays tokens on Freedom Ledger (BitShares) are only placeholders until the Peerplays blockchain is launched.
A GUI wallet is just a "front-end" way to display the data from the blockchain that is more user friendly than the command line.
BitShares (built on Graphene) is a blockchain with built-in smart contracts that enable a Decentralized Asset Exchange, Shareholder Governance, a referral system, and many other cool DAC/DAO features. Think Polonex or BIttrex, but 100% on a blockchain and governed by shareholder voting.
Freedom Ledger and Open Ledger are web hosted GUI wallets that display the data from the BitShares blockchain. Unlike other web wallets like blockchain.info or Coinbase (and centralized exchanges like Poloniex or Bittrex), your private keys for your tokens are not stored on Freedom Ledger or Open Ledger's servers, but rather directly in your browser. This is truly decentralized and much more secure for you, but also makes it Extremely Important to back up your private keys, because if you delete your browser cache, they are lost forever.
In terms of user-friendliness, both Freedom Ledger and Open Ledger are simply clones of the "generic" BitShares GUI that was built by the BitShares devs. There are so many features to BitShares (they really jam packed it), that for now the generic UI is complicated for those who are not familiar with its many capabilities. However, the BitShares blockchain is open source and so anyone could create a more user friendly GUI if they wanted to, but for now we have this slightly less user friendly version.
our clients aka end users of peerplayers will never get in tough with this crap. the tokens are just for "share holders". The front end of the plattform will be selfbuild by the devs
This is correct. Peerplays is built on Graphene as the back end - but will have its own GUI designed by gamers. The Peerplays tokens on Freedom Ledger (BitShares) are only placeholders until the Peerplays blockchain is launched.
Great explanation, thanks!
Noob question: do we need to backup our freedomledger wallet just once when setting up an account? Or do we need to update the backup every time we add other new coins or tokens? In other words will there be new keys added or any other changes that need backup or will it always just be one key that governs all? I think I know the answer but I just want to make it really sure so I don't lose my investment.
