TFI
Good morning @everyone
Weekly update on InfiniDEX
1) Account generation & restoration using seed key is working perfectly (24 seed key, something like Trezor hardware wallet, only that we are 24 seed key long)
With above, new user would need to remember their own seed key (write on a piece of paper or backup in somewhere save, we won't know what your key is)
2) Wallet encryption using local password is not working yet, some bug causing crash. (first password, for login purpose)
We would make it work in the next round, DEX Beta would run without this.
3) Network password (second password, for network identification purpose) core code is added, pending implementation (link between code to activate it)
This one is in progress, DEX Beta would run & need to run with this.
So we are focusing in this for now.
4) Both local & network password could be the same, could be different, you could change it once it's working well.
Seed key is permanent, you can't change it, you need to save it.
5) We would like to achieve automation in every part of DEX.
At the moment, we are uniquely developing DEX over MN.
We plan to have auto support in deposit & withdraw issue on start.
Any issue with deposit or withdraw, when user submit info to the network, MN should contain code for support in solving the issue, this one pending test during DEX Beta.
Advance automation (other coin chain split issue, etc) would be implemented in the future (the logic / thinking is there, just that the code is more complex so I would develop it later).
==================
6) Trading part is running well as per Alpha release. Minor bug could be expected.
7) We need to get more info from U.S. citizen on using trading platform.
Recently there are quite a number of issue with exchanges fined by SEC.
We would like to understand more about this, is it solely due to ICO token or every other coin?
As we are DEX, so everyone is unique, we hope that we don't need to implement KYC.
Without KYC, no ICO token support.
With KYC, ICO token support. Is it the way? As I need to prepare code for this
We would develop support for ETH, other ETH fork & probably token support but it's not done yet for now.
9) Network wide update for everyoen (MN & GUI wallet)
We haven't release the executable yet, more info after we release DEX Beta & stable.
We plan to complete it by end of this year.
10) GUI improvement & fix is in progress (for multi screen resolution auto scale support, deposit & withdraw design).
At the moment we are doing up point 3 & point 10.
DEX Beta & video would release after that.
Stay tune for next update.
