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 Lamden Dev Update — June 2nd, 2018
Happy Saturday! It’s time for another developer update! Check below to see what we’ve been up to! If you haven’t yet, be sure to join our Reddit community and come discuss this week’s update. Clove Development Updates
- Created fixes for the signing plugin & packages for Chrome and Firefox - Initial transaction setup & publishing in Clove UI - Time frame diagram for safe Atomic Swaps - UI design for signing plugin Cilantro Development Updates
- Seneca integration (Cilantro API now uses Seneca’s API for database queries) - Vmnet test orchestration (rewrote tests to run on VMs) - ZMQ auth (ironhouse) is integrated into Kade where nodes are accepted or rejected at being discovered by each would-be neighbor Seneca Development Updates
- Packaged Seneca into standalone Python module. - Initial integration between Seneca and Cilantro complete What’s Next?
Next week, our Seneca developer will be presenting on Seneca at TulipConf! Separately he will attend LambdaConf for training/professional development. For Cilantro we will integrate the Kade overlay network along with auth into Cilantro. We will consolidate security nuances of overlay network and add timeout on state machine states. For Clove we will work on implementing Clove UI for our signing plugin. We will also work on support for transactions in Clove UI. Learn More about Lamden
Check out our website Read our white paper Join us on Telegram Subscribe for email updates Follow us on Twitter Like us on Facebook |
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Could you pls suggest a wallet for Lamden?
Tau is for now a ERC20 token, so you can store it on any ERC20 supported wallets, like MEW/Ledger/Metamask. |
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Thanks for sharing the update! Lots of things to be anticipated in the next few months. Extremely excited.  Lots of things happening in the background  Stu dropped some things yesterday. UI Clove (subject to change, but gives you basically an idea where Lamden is heading).  Easy, Userfriendly and Minimalistic |
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In case someone missed this:  Lamden Dev Update May 4th-2018Lamden Dev Update — May 4th, 2018
May the Fourth be with you! It’s Friday again and as always our team is making strong strides forward. If you haven’t yet, be sure to join our Reddit community and come discuss this week’s update. Clove Development Updates
Continued creating more UI mockups Began mockup implementations Automated tests for Clove API orchestration Basic package layout for generating Chrome plugin Cilantro Development Updates
Early development on open governance mechanics Preliminary development of an overlay network for dynamic discovery, using techniques based off Kademlia Mathematical techniques to allow us to scale POW complexity as a linear function. This allows us to increase POW computational time by a fixed amount, as opposed to increasing POW by some ever increasing (exponential) amount. Integrate new ‘rolling groups’ behavior to augment any nodes in a PUB/SUB topology to only publish to some rotating deterministic subset of its subscribersr Extensive testing on messagebase classes and development of an asynchronous integration testing suite Seneca Development Updates
Major work on data storage refactoring completed. Work on voting system mechanics What’s Next?
Next week we will work on more on voting systems, Smart Contract process isolation, and doing some of the legwork for integrating Seneca into Cilantro. In Clove we will be working on a private key manager for with our signing plugin, and creating views for an initial transaction in Clove UI. For Cilantro we will continue development on open governance mechanics. We will develop, integrate, and test our overlay network for dynamic discovery. We will implement a handshaking protocol to force two connecting nodes to prove each ‘owns’ their own verifying key before establishing a connection. |
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Another update from Lamden team!
 Introducing Lamden’s New Exchange Initiatives
A mock-up of Lamden’s exchange As you may be aware, Lamden has been hard at work developing their own decentralized exchange, LamDEX. Today, we want to announce some major developments to our exchange plans that bring us much closer to actualizing the reality of a Lamden-based exchange. There are two major initiatives that we are announcing: Introducing Untether: Lamden’s Fiat Solution
Lamden has begun its plan to include a fiat pairing through the representation of its own stablecoin. The new token will run on a proof of authority network, which is a less decentralized method of consensus, but there is no actual centralization concerns due to this coin acting as a payment processor. This acts an alternative to a true fiat pairing, as that legal complications such as the need for a money transmitters license. Our approach would require a bank sponsorship, which we are in the process of obtaining. These tokens would be compliant with Clove’s atomic swaps, thus introducing fiat tokens to the decentralized exchange world. By initially using Ethereum Proof of Authority, we can introduce an easy to use REST API so that the service can be integrated into any application, a liberty no other type of fintech payment system can offer. The system would be completely automatable, which when coupled with our application integration, would cause businesses and other users to become reliant on it, leading to long term use. This fiat solution is significantly cheaper than other fintech payment options such as Paypal and Stripe. Also, unlike these completely centralized entities, Lamden can provide true client-side payment creation with a crypto-method of signing transactions, something other companies cannot do. This direct interaction with the client would lead to minimal fees for the consumer while providing a steady-stream of revenue for Lamden to pour back into the software to ensure further compliance to decentralized standards. Lamden’s Exchange Updates
As a preliminary step in the creation of Lamden’s decentralized exchange, we will be working to release a traditional exchange. In the long-term, this traditional exchange will act as a companion to LamDEX. Ultimately this exchange and LamDEX will be integrated into a single app. Casual traders may prefer the traditional exchange approach while heavier and more security-conscious traders are more willing to switch to the newly emerging decentralized exchange model, as they include a different model of fees-per-transactions and delays related to block-time limitations. Additionally, by offering both options, we can introduce LamDEX to our centralized exchange users to build the LamDEX user base. We hope with these initiatives, Lamden’s exchange will become one of the most comprehensive exchange solutions available on the crypto market. Introducing Lamdens new exchange initiatives With the upcoming exchange, means also Lamden team expansion:
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Another update from Lamden team!
Introducing Lamden’s New Exchange Initiatives
A mock-up of Lamden’s exchange As you may be aware, Lamden has been hard at work developing their own decentralized exchange, LamDEX. Today, we want to announce some major developments to our exchange plans that bring us much closer to actualizing the reality of a Lamden-based exchange. There are two major initiatives that we are announcing: Introducing Untether: Lamden’s Fiat Solution
Lamden has begun its plan to include a fiat pairing through the representation of its own stablecoin. The new token will run on a proof of authority network, which is a less decentralized method of consensus, but there is no actual centralization concerns due to this coin acting as a payment processor. This acts an alternative to a true fiat pairing, as that legal complications such as the need for a money transmitters license. Our approach would require a bank sponsorship, which we are in the process of obtaining. These tokens would be compliant with Clove’s atomic swaps, thus introducing fiat tokens to the decentralized exchange world. By initially using Ethereum Proof of Authority, we can introduce an easy to use REST API so that the service can be integrated into any application, a liberty no other type of fintech payment system can offer. The system would be completely automatable, which when coupled with our application integration, would cause businesses and other users to become reliant on it, leading to long term use. This fiat solution is significantly cheaper than other fintech payment options such as Paypal and Stripe. Also, unlike these completely centralized entities, Lamden can provide true client-side payment creation with a crypto-method of signing transactions, something other companies cannot do. This direct interaction with the client would lead to minimal fees for the consumer while providing a steady-stream of revenue for Lamden to pour back into the software to ensure further compliance to decentralized standards. Lamden’s Exchange Updates
As a preliminary step in the creation of Lamden’s decentralized exchange, we will be working to release a traditional exchange. In the long-term, this traditional exchange will act as a companion to LamDEX. Ultimately this exchange and LamDEX will be integrated into a single app. Casual traders may prefer the traditional exchange approach while heavier and more security-conscious traders are more willing to switch to the newly emerging decentralized exchange model, as they include a different model of fees-per-transactions and delays related to block-time limitations. Additionally, by offering both options, we can introduce LamDEX to our centralized exchange users to build the LamDEX user base. We hope with these initiatives, Lamden’s exchange will become one of the most comprehensive exchange solutions available on the crypto market. Introducing Lamdens new exchange initiatives
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As far as I understood, it is written in Python. The smart contract language for the platform will be Python-like. Is there a date when Mainnet is planned? Lamden is currently a ERC20 token. Is it planned to to swap it to a own token in the future. Will there ever be a separate wallet?
Further, what is planned to do with the remaining outstanding 146 million coins?
Current token is a place holder, will be swapped out when Mainnet goes live. They build their own blockchain from scratch written in Python(a-like) language. Supply is 282 million tokens Currently in circulation is 157 million. Locked up Coins: 35 million (team) for 2 years 90 million (Lamden Lab): Will be used in small increments (after mainnet Launch in Q4/2018) to incentivize use and development, so they will create more value than dillution. Mainnet is planned for Q4 (according roadmap) but they re way ahead of schedule that really might be possible it can be launched in Q3. |
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Lamden is currently a ERC20 token. Is it planned to to swap it to a own token in the future. Will there ever be a separate wallet?
Further, what is planned to do with the remaining outstanding 146 million coins?
Current token is a place holder, will be swapped out when Mainnet goes live. They build their own blockchain from scratch written in Python(a-like) language. Supply is 282 million tokens Currently in circulation is 157 million. Locked up Coins: 35 million (team) for 2 years 90 million (Lamden Lab): Will be used in small increments (after mainnet Launch in Q4/2018) to incentivize use and development, so they will create more value than dillution. |
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Interesting and promising project. But why the token price is so low? Is there any information about new exchanges?
Lamden is operating under the rader. They are busy coding and working on the infrastructure while marketing is being worked on. looks great, will there be a smart contract Yes, They are creating their own Turing Incomplete variation of the Python language called Seneca that will be used for Smart Contracts on the blockchain, Cilantro. Why Turing Incomplete variation? Stu explained it well in the blogs which you can find it here. In terms of Turing incompleteness and Lamden, the Lamden Tau token will be deployed on a delegated proof-of-stake blockchain system featuring this Turing incomplete smart contracting language. guys, I am very interested in running a masternode, do you have any information about how many coins is needed for a running one of masternode and when do you plan to run this feature. Probably it should be right after a mainnet launch?
To be masternode you need 100,000 tau. Actually it is not determined and finalized yet. Stu said once 100k but it is not 100% sure. They 're still finalizing the economic model. Do you know if they are doing dpos as well like Lisk, so you earn tokens for voting? It will be a different kind of model that we are used to as Delegated Proof of Work. In order to be a delegate, you need witnesses to vote for you. 1 witness is 1 vote. To be a witness, you'll need 10k TAU to be able to vote for delegates. The delegate will need 100k TAU (as I have understood) to run a masternode. Rewards for being a delegate and running a masternode is for me still not clear (will be clear in upcoming whitepaper). The purpose of the Tau token "is a simple token that every chain can interact with. This allows users to use a single agnostic type of token to interact with any chain on the network." https://lamden.io/faq/But Clove (one of Lamden's development tools) claims to "make atomic swaps between blockchains easy" for Bitcoin-based and Ethereum-based chains. So why is the Tau token needed if Clove will make atomic swaps possible? Here https://lamden.io/about-token/ they explain that Tau will facilitate Lamden's decentralized atomic swap network, but if the atomic swaps are working then there is no need for an intermediary token. It defeats the whole purpose of atomic swaps. Can one of the Tau devs explain this more? TAU will be the middleman to do the atomic swaps. For example: if you want to swap LSK -> ETH then it will be LSK -> TAU -> ETH. @Devs correct me if I'm wrong. |
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guys, I am very interested in running a masternode, do you have any information about how many coins is needed for a running one of masternode and when do you plan to run this feature. Probably it should be right after a mainnet launch?
To be masternode you need 100,000 tau. Actually it is not determined and finalized yet. Stu said once 100k but it is not 100% sure. They 're still finalizing the economic model. |
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Tbh, I have no hope for this project anymore. 2 partnerships are nice etc. But what now? What about increase some volume, hype..
What is the result of the partnership now.. what about exchanges.. it just seems lack of interest.
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Dont like coins where it takes too long to figure out the basics. What is the supply, how was it distributed, algo, pow or pos, block reward, etc.? This basic info should be front and center. But after spending some time all I can see is this coin/token has something to do with messaging. And and bunch of turkeys who are unsuccessfully trying to hype this up. I'll pass
If you only clicked on the link on the first page you would see the basic information you were asking for. These days everyone is lazy as fuck. If you re going to do an research, make sure you SEARCH. |
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Guys, I made a transfer from my Rai Wallet to Bitgrail 10 hours ago. What is the estimated time of arrival? I saw on Bitgrail that it will take several hours before it arrives.
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When is the platform planned to come out?
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Hello,
I bought ETT at ICO, then I made the withdrawal request on myetherwallet, but tokens have not yet arrived..
Who can help me ?
Thanks
Watch out for scammers like the one above this message. Doesnt look like he is a member of the team. |
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are we going to break the wall on 70k this week? if that is done we could see 100k verry fast.
go lisk! sub $5 stands you way better then 1.6$
LI: can you give me a quick update of development made here. Been following lsk since ICO, didnt had time to follow everything lately. |
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is slack working? Trying to get an invite, not received it yet.
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