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!
SuperNET Iguana Revealed
Iguana Quick Status Update
“Got the realtime auction protocol working for a simple crypto swap request. The basilisk node can make a request without any local blockchain, the liquidity provider node queries central exchange prices, adds a profit margin, submits a quote to the basilisk node, which then will automatically choose the best price after 30 seconds and start the atomic swap protocol.
The atomic swap protocol proceeds along until each side needs to submit a signed tx. Keep in mind the basilisk node doesn’t have any blockchain locally, so it makes a request to the iguana relay nodes to construct a raw transaction that meets the requirements. Then it verifies most if it locally, but it cant verify the values of the inputs, so for each input it makes another request to the iguana relays (random selected) to verify that all the vins are adding up as expected.
But that’s all I got working so far, the atomic swap protocol gets deadlocked due to some tricky bug and getting a bit too tired to solve it.
TL:DR not bad progress for a week spent on DEX layer on top of basilisk, but not quite all working to get a completed swap.” – Jl777
What’s the difference between SuperNET, Iguana, and SuperMESH ?
SuperNET uses Iguanacore APIs and runs multiple blockchains at the same time, with the choice of running some blockchains in lite mode (Basilisk mode, it’s called in iguana), and some with full blockchain data available locally (with iguana full blockchain data is far lesser than the actual implementations of that X cryptocurrency you’ll find).
SuperNET as can run multiple blockchains at the same time, that creates a network of Iguana nodes, in a similar way any other specific Crypto currency network is made. The difference is those crypto currencies only are a network of ONLY 1 specific currency, and serving their specific features and functions in that network.
Whereas in SuperNET you get 100s and 1000s of multiple crypto currency networks at the same time. This allows enormous opportunities to develop much flexible and feature rich blockchain based Decentralized Applications or so called DAPPs. Official examples of SuperNET DAPPs would be InstantDEX, Pangea and such more.
Iguana makes life of end users far easier than any other blockchain wallets or technologies out there. It’s more easier for grandpa when a decent user friendly GUI is available doing back end API calls for him. He doesn’t need know what’s inside, only what he wants to do.
Iguana makes life more easier for blockchain tech developers to develop DAPPs as well, as many API calls does many complex things for the devs. It’s like Microsoft made a Visual Studio, which does 90% of the task for the dev and dev does another 10% of the task. The difference is in this case Iguana is not a Visual Studio, with visual elements to develop with, it’s ONLY the command line level API provider. It’s the base platform combing many different features related to crypto tech in single small package. I don’t believe you’ll ever find such developer friendly blockchain software packaged in just 2MB to 3MB anywhere around.
SuperMesh uses Iguanacore in it’s base. SuperMesh will use iguanacore API to develop many sort of applications that generates revenue and those who’ll hold token of SuperMesh will earn that revenue as dividend. It’s possible only with Iguana as I know.
What SuperMesh project is trying to do is to make life of end users easier at physical layer. Giving application and set of libraries which if installed on an IoT device allows any person to connect to different secure and private networks.
Also, allow the end users to use crypto technology with much ease, and give freedom to people to make their own network which is self sustaining and running even in case they are cut off or censored out of Internet.
Iguana is the piece of software which will help secure and incentive this network. That’s why SuperMesh software need to include Igauna. Plus I don’t find any other software which could provide features like Atomic Swap, micro-payments, Smartchains which are securing the network and also playing the role of being an Asset paying token to pay dividends.
It’s more secure to develop DAPPs using smartchains as it’s architecture is being build on solid grounds. If you want you can may be also think SuperMesh as a 21 Inc’s Bitcoin Computer. But, instead of facilitating just Bitcoin and related APIs, SuperMesh IoT device or SuperMesh Computer, is facilitating many more things than blockchain API. It’s a pack of many decentralized applications.” – Satinder Grewal
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.