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March 09, 2014, 07:00:03 PM |
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Since Bitwasp has recently been nominated as project of the season, I figured I'd best post an update here about our progress. Initially the project involved using a live-wallet on the server, and we had given a release date of December last. Around this time, it became clear that some of the bugs in Bitwasp were centered around how we used this, and it is a huge risk running open source software that runs a live wallet..
So I began working on multi-signature transactions. In the end I set up multisig.bitwasp.co to demonstrate 2-of-2 and 2-of-3 addresses rather simply, and to get a proof of concept. At the moment I am centering the entire order process around a multi-signature transaction between the buyer and seller.
Bitwasp has a rating system for buyers, sellers, and items purchased, to allow users build a reputation, to allow vendors consider if the order should be done via escrow or up-front payment, and to allow buyers to assess the item and vendor.
I've recently quit my job to work on the project! It's been incredibly fun to work on (I recoded the entire project since August 2013), but progress was too slow while working. I aim to set up a Bitwasp marketplace at bitwasp.co, to try make the development sustainable, and to better understand what other features to include.
I expect to release Bitwasp working with multi-signature transactions in the next two weeks. Please check out bit-wasp.org for our development forums, test.bit-wasp.org also runs a test site!
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