#1. We recently made a successful transition into POS 2.0 and now we are moving forward with completion of our Smart Contract wallet demo. We will release a public demo version first to allow the community to play around with the new features while we conduct Quality Assurance testing in the background. Once we are 100% satisfied and we are confident that all major bugs are squashed, there will be an official QT wallet update with the features from the demo release implemented. After that, our lead developer (David) and his team will be completely focused on bringing forth BAY's main feature - our Decentralized Marketplace. The first version of our marketplace is scheduled to release within the first few months of 2015 (January / February) but there will be plenty of development progress updates (Videos / Pictures) along the way.

#2. Yes, one of the key factors of success versus OpenBazaar is the fact that we will be utilizing smart contracts for p2p transactions. On top of that, we are making everything completely transparent on our own blockchain, thus ensuring that the BAY market it totally decentralized. Our view of what it takes to make a successful decentralized marketplace will be outlined in the upcoming whitepaper. These questions are being compiled and answered with more detail and clarity in our upcoming FAQ which is currently being finalized.