Hi,
I've been a long time user of Enjin from back in the World of Warcraft days, I've tried posting on Reddit, but it didn't work, so i'm posting here instead.
I haven't touched crypto in several years, i'm completely outdated, but looking to get back into it and feel like Enjin could solve a few of the problems my guild had back in the day.
A few things that aren't clear to me, sorry for ignorance;
1) How will transaction fee's between players work?
1.1) Is there a different fee between items and currency?
1.2) How fast would a transaction be?
2) How will my items be stored exactly?
2.1) Can they be stored like coinbase, where i don't have to deal with the security myself?
( I don't know how that works either )
3) Can there be like guild accounts? So guild members can donate to a guild bank of sort?
That's all the questions i can think of for now, i understand that it's all in the air and you may not have a precise answer at this time and there's a lot of theory involved.
Thank you
Thanks for the feedback and questions!
1. Transaction fees are currently in Ether, around 2 cents worth of fees per transaction and confirmation within approx 40-90 seconds. Future updates to Ethereum aim to improve block times to 3 seconds (Casper) and allow transfers within milliseconds (Raiden). Raiden would also reduce transaction fees by many orders of magnitude. Both of these Ethereum updates are planned for late 2017 to early 2018. In the meantime we'll be using off-chain notifications to update wallets about new transactions immediately until they are confirmed. There is no difference in transacting Items or Currencies as they are based on the same token design.
2. Items will be stored in an Ethereum smart contract wallet - it can be set up with spending thresholds for a basic level of security. For the long term, items can be stored in any Ethereum wallets such as MyEtherWallet - which means you could put them into cold storage. To use them in game, you'd want to put those items into your Enjin Smart Wallet. We'll look at the possibility for items in 'cold' wallet accounts to be recognized in games, but it would be more limited.
3. Yes, communities can configure shared accounts to be used as a guild bank - we're planning a number of features around this and I'd like to hear your use-case further.