Isn't jl777 with the Waves platform team?
I am technical advisor to waves, especially regarding MGW
What does MGW stand for? I am a newbie sorry for this simple question.
Multigateway
It is an asset based automated multisig gateway that I pioneered in the NXT Asset Exchange 2 years ago.
MofN (2of3) independently controlled servers accept deposits in native crypto and issue matching amount of assets. Also, assets can be redeemed as native crypto to any native address.
Combined with the built in asset exchange allows for crypto <-> crypto trading. We are now seeing other implementations of this idea. Waves is building this type of functionality into their asset system.