Hybrid listed on EtherDelta
Together with the early holders we did a token upgrade over the past two weeks. To adhere to the latest ERC20 standards set out by the Ethereum foundation, we upgraded the token and arranged for it to be listed on EtherDelta. You can now find the token on the decentralized exchange there under the symbol name XHY in the dropdown list. Currently the volume is still low, and we expect this will remain for a while, until we reach the point where we can create a unified market between the hybrid chains.
After testing the Ethereum module with success, we now have also added support for Ethereum Classic. We are adding more cryptocurrencies, and will be working on the implementation of token handling. With the support of tokens, we will take another important step towards supporting hybrid assets in the wallet.
Less is more
We have developed a forage cache mechanism in the browser that makes the Internet of Coins wallet more bandwidth efficient after the first login. Libraries used for transactions now no longer need to be pulled in on every login. Instead they are cached to make logging into the wallet much faster.
Luca is putting effort into making the user interface more user friendly. She is first focusing on making the CSS style sheets clean and tidy. After that she will be strictly separating any user interface code from functional code to make sure these cannot cause confusion for other developers.
The past weeks we have made progress in formalising our organisational structure. A draft of the statutes for the custodian foundation under the Commons Conservancy, that will safeguard the open source technologies developed by the Internet of Coins project, is now undergoing scrutiny by legal experts. We have also found three people willing to chair the Internet of Coins foundation, who will hold the Internet of Coins team accountable as to how assets are allocated to further project goals according to our crowdfund terms.
We are hiring
To enable more efficient development of deterministic crypto-functions we are developing a command-line client. This is also vital for those people who need to access blockchain technologies in places with extremely low bandwidth, as the communication between the command-line client and hybrid nodes is much less resource consuming than the web interface (which is already the most efficient in its class). Others in our team have been working on the transport mechanisms, so that both command-line and web clients can exchange information decentralised with nodes and these can share datagrams amongst themselves in a secure and tamper-proof manner, without having to depend on untrusted or centralised third parties, such as certification authorities.
A third party that had initially shown initiative to launch the hybrid tokens used within the Internet of Coins on a centralised exchange has stopped communicating with us. We assume for now that their technicians will need more time than they anticipated and hope they will contact us again when they make progress. On the bright side, we observe that the tokens of individual chains are becoming available on the decentralized exchanges. Of course, we will inform you when markets establish themselves. In the meantime, we focus on implementing the infrastructure and network support for decentralised multiple-token interchange.