My last post was somehow deleted by the bitcoin forum for being off-topic, not sure how that's possible, but will post my questions again.
Thanks for the feedback and questions!
Hi Witekn, thank you for taking the time of responding.
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.
Okay, a few follow up questions, i hope these also help my fellow players.
Scenario
Player 1 Owns;
-Item A (Wand) = 100 ENJ
-Item B (Armor) = 1000 ENJ
Trade Item A to Player 2 = Cost, 2 cents
Trade Item B to Player 2 = Cost, 2 cents?
Does the worth of items or quantity of items change the transaction fees?
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.
Let's say i'm playing an MMO, my sword would be stored in a ETH smart contract wallet, there's no way someone would take that item away from me since it's locked into a smart contract correct?
Could collectible items be stored into a vault? Locked for X periods of times?
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.
Back in the Warcraft days, distribution of consumables was a little tedious, it would be great if the guild bank could just send all the consumables before raid time automatically and users could just send materials to the guild bank, then the bank could send those materials to the people that craft what's needed.
It could go as far as people taking " contracts " in the guild and get paid in guild funds for that contract.
We need 10,000 Blue Ore, will pay X per stack, 5 people can split this contract, if they fail to complete the contract, they forgo their share.
I think there's an unlimited amount of ways this could make running a guild 100x more efficient, running a guild was extremely tedious and i haven't even touched the DKP system.