SuperNET Weekly No. 12

CORE and CORE Media were birthed out of the community which formed around the SuperNET project launched by jl777 in 2014. Now that many aspects of the project are finally coming together in fantastic form and usable products are just around the bend, we couldn’t be more pleased to help spread the word and keep our audience up to date on the latest happenings with this revolutionary project and its technology. Welcome to SuperNET Weekly!

Iguana Update

“We are launching development for desktop versions this week. Will work out the practice for updates to the community.” – Boogieman

Iguanacore appears pretty solid. I am fixing bugs in realtime as testers find them, but only 1 or 2 bugs a day are found. So I am working on Instantdex and I found way to improve its usefulness”. – JL777

Instantdex Atomic Swap

“I am currently slogging through debugging the Instantdex atomic swap FSM (finite statemachine). It is different from normal code so I am slower than normal for this, but along the way I got one third of BTCD staking in place (calculating the dynamic diff changes precisely using only iguana code), and the start of automatic litenode support.” – JL777

InstantDEX Basic Testing

“Instantdex Basic will be available for testing within 2-3 weeks. Can anyone interested in testing (which should be everyone) edit this sheet so we can get some testers organized. There will be some Instantdex assets as bounties also! Testing will be done in #testing-instantdex” – Pondsea

“There are two halves to the testing, the Liquidity Providers (LP) and the user side. To do the LP testing you would need to run a full relay node and command line unix or osx. For user side, I will make some ugly looking web page form, you will need to run a native iguana and load a localhost webpage” – JL777

Asset Passport System

“Blockchains that support the asset passport system will allow users to decide where to keep their assets. WAVES and BTCD and a few more coins are expected to support the passport system import. Exporting is pretty much support by all chains already, via a burning mechanism. 

Think of assets <-> blockchain(s) as stock <-> stock exhange(s)

If a stock is on the NASDAQ and NYSE, which exchange is it in? WAVES being the public -> fiat gateway chain and BTCD being the private chain, they provide different services. But an asset holder can certainly want fiat one day and privacy the next day.

Here is a teaser about the upcoming announcement.” – JL777

Could the physical MGW Servers be replaced by Lisk or ETH or Crypti contracts or perhaps a specialized Waves token? A MGW token could function as a secure key holder, its contract could provide the coordination for secure m of n keys for either fiat or crypto tokens. In other words, can smart contracts replace the MGW? – Marcm9000

“Theoretically any turing complete language can implement any program, so if the MGW functionality is converted to a smart contract script, then it would be able to have the same functionality as MGW. Of course, the smart contract coders will magically appear and get it working flawlessly before you can blink your eyes three times. Please dont worry about the cost of ether gas to run such a thing. Nor the massive blockchain that is needed just to stay current.

Of course, it is possible that some subset of MGW functionality is all that is needed, so maybe it will be completed before you can blink your eyes once.

But in my experience there are not so many coders that can do decentralized applications and maybe using a platform like ETH will increase the number of coders that potentially can write Dapps, my feeling is that whatever solutions are made wont be anywhere near as efficient as directly coded solutions.” – JL777

For more information on SuperNET and the work of jl777 and his team, please refer to previous SuperNET Weekly articles and our monthly CORE Magazine and be sure to follow the progress via SuperNET Slack or the SuperNET website.