HI,
OK it is time to put you all out of your misery on guessing
As you all know we are working on something over the last few month which will make WBB something special.
We are working on to remove all overheads of the client system and in the same time simplify the usage and speed everything up.
In the same time we try to ensure fraud on the blockchain and bloat is removed to ensure in the long term WBB does not slow down but gets better over time.
What we also looked at is how businesses really can benefit from crypto (apart from accepting some crypto coin as payment only).
Also we looked at how can bigger businesses save money by using WBB and it's setup / infrastructure.
The other part is the pain of loading / downloading the blockchain. To download a blockchain and sync a wallet takes time and is always a pain to say the least, also if your data gets corrupt (which can happen) you would to download again and start sync from scratch.
This is totally unacceptable to businesses and also not reliable.
For this reason let me show you what WBB will become and where we go with it all.
WBBOS and WBB is undergoing a transformation to say the least. It is a long way but we are getting closer ever day to our goal.
At the moment we run cluster tests on a test genesis-block of WBB and V5. This progress takes time and is complex to say the least but we are not far of it.
Once this work is completed we will fork WBB in to the new way and open the path for business all kinds to utilize WBB in a proper manner.
WBB with this change is open for Data storage companies, Music industry, Banks, Security companies and many more business sectors. The usability is endless the way in can be used after this change.
Due this new way the speed of WBB is increasing and the WBB Wallet will become a Blockchain free wallet which does not need to download the blockchain and thus will be in sync within seconds from a fresh install.
Every WBB client is still private and there is no need to login to a web or have some password and so on to access the Blockchain. The WBB Wallet you use like you used before for sending and receiving. New of course is the asset insertion (like mention on some businesses above). Of course with insertion there is/are fee's per KB in WBB apart from a basic network fee for sending payment. Network fee will stay the same for sending payments.
When we go live with this then we start meeting a few people here in swiss and introduce WBB to them. Groundwork's are done but now we need to wait till we have our work done before we see anyone of them.
Enough talk, here is the graphical how the wallet / blockchain part will work when we release V5.
We tried to simplify the image so everyone can get some understanding how it would work as the exact handling would be to complex to show.
We will provide you from now on with updates how all runs and where all is going. This is are exiting times as we could be away maybe another 2-3 weeks to run the first BETA version of V5 with clients.
We can not rush this part as it needs to be done step by step. There are still things which go wrong but we aim to fix each of them one by one.
Hopefully you like this and have a better understanding where we aim with WBB / WBBOS ecosystem.
Thanks
Peter
Where do I begin? You want to ensure fraud on the blockchain? You're planning on a HD wallet that many other coins have done. The ideas of what the wallet will do has already been proposed by other projects and go much further than your plans. Last but not least, you want to centralize the blockchain which was invented as a decentralized technology to prevent abuse by those in power. Yes, I know many companies that are interested in this sort of product. They usually call it a clustered database that another company hosts in the cloud. WOW....
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