Re: WAVES | Ultimate crypto-tokens blockchain platform | unofficial supporters topic
Source: https://blog.wavesplatform.com/waves-updated-roadmap-98c3f1323eed
Waves: updated roadmap
The Waves team has steadily been adding features to the network since our project launched in 2016. We have a fully functioning ecosystem, with gateways, a working DEX and a series of user-friendly interfaces for desktop and mobile devices. That means its now time to start rolling out some advanced features that target mass adoption.
After a very successful 2017, were at a point where the Waves ecosystem has built a solid foundation of services and its first businesses. We know, though, that there is much more to do and still some huge opportunities to capture a large segment of the fast-growing blockchain sector. Here are some of the features and partnerships well be using to do that.
Q4 2017
In October we plan to deploy Waves-NG. This is a remarkable new consensus algorithm based on Emin Gün Sirers Bitcoin-NG protocol. In bitcoin and classical blockchains, transactions are included in blocks and added to the blockchain retrospectively, once the next miner has been decided through the proof-of-work mechanism. This approach, along with block size, places fundamental limits on the throughput of the blockchain.
In bitcoins case, its somewhere around 3 transactions per second. Bitcoin-NG pre-selects the miner, which creates a key block, and then microblocks of transactions are added to this in more-or-less realtime. Throughput on the blockchain is then limited only by network speed. By implementing this approach, adapted for proof-of-stake, we expect Waves to be able to handle hundreds of transactions per second making it the fastest blockchain in existence.
This huge and ground-breaking development will be accompanied by an update to the lite client in November. Well be calling this Blockchain OS 1.0 (the term client is misleading for many users outside of crypto, and thats the market were targeting). That will entail a full overhaul of the user interface, and some great new features for the DEX. Well also be releasing a block explorer in Q4, which will allow anyone to browse and search the blockchain easily.
2018
With our network able to handle large transaction volumes, were going to be introducing several new features and services throughout next year. We will be implementing a form of smart contracts. As weve stated before, these wont be quite the same as Ethereums Turing Complete contracts we see risks to that approach, and there have been a few issues with Ethereum such as The DAO and the Parity wallet multisig vulnerability that demonstrate it can result in serious losses.
Waves smart contracts will be a more direct generalisation of bitcoin scripting that will be able to handle most of the same use cases without the security implications. Its a better and safer approach for business logic, whilst still comprehensive in its capabilities.
Tokenomica will be launching next year too: this is an organisation that will enable compliant crowdfunds and share offerings on the blockchain, with full KYC where necessary. We expect this to be a big use case for Waves, and one that will bring many new users to our ecosystem. As we ramp up our business development and see new tranches of users and investors, well also be releasing Blockchain OS 2.0: the second iteration of our reworked client.
Last of all well be implementing a couple of new features in the protocol that people have been asking about for a while. Well have multisignature transactions, again improving security, and we plan to launch a blockchain messaging system that will enable fast, encrypted communication between users.
Join Wavescommunity: http://wavescommunity.com
Join Waves News channel: https://t.me/wavesnews
Join Waves Twitter: http://twitter.com/wavesplatform
Join Waves Facebook: https://www.facebook.com/wavesplatform
Waves: updated roadmap
The Waves team has steadily been adding features to the network since our project launched in 2016. We have a fully functioning ecosystem, with gateways, a working DEX and a series of user-friendly interfaces for desktop and mobile devices. That means its now time to start rolling out some advanced features that target mass adoption.
After a very successful 2017, were at a point where the Waves ecosystem has built a solid foundation of services and its first businesses. We know, though, that there is much more to do and still some huge opportunities to capture a large segment of the fast-growing blockchain sector. Here are some of the features and partnerships well be using to do that.
Q4 2017
In October we plan to deploy Waves-NG. This is a remarkable new consensus algorithm based on Emin Gün Sirers Bitcoin-NG protocol. In bitcoin and classical blockchains, transactions are included in blocks and added to the blockchain retrospectively, once the next miner has been decided through the proof-of-work mechanism. This approach, along with block size, places fundamental limits on the throughput of the blockchain.
In bitcoins case, its somewhere around 3 transactions per second. Bitcoin-NG pre-selects the miner, which creates a key block, and then microblocks of transactions are added to this in more-or-less realtime. Throughput on the blockchain is then limited only by network speed. By implementing this approach, adapted for proof-of-stake, we expect Waves to be able to handle hundreds of transactions per second making it the fastest blockchain in existence.
This huge and ground-breaking development will be accompanied by an update to the lite client in November. Well be calling this Blockchain OS 1.0 (the term client is misleading for many users outside of crypto, and thats the market were targeting). That will entail a full overhaul of the user interface, and some great new features for the DEX. Well also be releasing a block explorer in Q4, which will allow anyone to browse and search the blockchain easily.
2018
With our network able to handle large transaction volumes, were going to be introducing several new features and services throughout next year. We will be implementing a form of smart contracts. As weve stated before, these wont be quite the same as Ethereums Turing Complete contracts we see risks to that approach, and there have been a few issues with Ethereum such as The DAO and the Parity wallet multisig vulnerability that demonstrate it can result in serious losses.
Waves smart contracts will be a more direct generalisation of bitcoin scripting that will be able to handle most of the same use cases without the security implications. Its a better and safer approach for business logic, whilst still comprehensive in its capabilities.
Tokenomica will be launching next year too: this is an organisation that will enable compliant crowdfunds and share offerings on the blockchain, with full KYC where necessary. We expect this to be a big use case for Waves, and one that will bring many new users to our ecosystem. As we ramp up our business development and see new tranches of users and investors, well also be releasing Blockchain OS 2.0: the second iteration of our reworked client.
Last of all well be implementing a couple of new features in the protocol that people have been asking about for a while. Well have multisignature transactions, again improving security, and we plan to launch a blockchain messaging system that will enable fast, encrypted communication between users.
Join Wavescommunity: http://wavescommunity.com
Join Waves News channel: https://t.me/wavesnews
Join Waves Twitter: http://twitter.com/wavesplatform
Join Waves Facebook: https://www.facebook.com/wavesplatform