Monero is taking the decentralization of development

Since the launch of the blockchain in 2014, project Manager Monero Ricardo’s Spanyi (Riccardo Spagni) became the «face» created cryptocurrencies, mostly because of the lack of competition from other developers.

Despite the fact that some cryptocurrencies may also boast the iconic characters, for example, acne Buterin in Ethereum or Zuko Wilcox (Zooko Wilcox) in zcash for, Spagni from them is very different. It does not affect the technical development and Monero is not going to do it in the future.

«I accompanied several projects and at some point last year I decided that I wouldn’t be doing this,» — said Spani.

After this decision, Spagni recently said that plans to gradually withdraw from leadership positions within 2018. Anonymous user under the name Monero Luigi1111 is now responsible for the Monero website and user interface, while successive volunteers regularly hold weekly IRC chat for developers.

«I’ll always be a supporter of privacy, and part of a community of Monero, but my actual duties in support of the project should be minimized,» continued Spagni, talking about why he plans to withdraw from the Reddit moderation of the project and groups in the Telegram.

The decision of Spanyi is actually part of a larger change in the Monero community, which are aimed at greater decentralization of the project. Veteran community Honigwachs Felix (Felix Honigwachs) became CEO of a startup Spanyi GloBee in may, followed by Paul Shapiro (Paul Shapiro) took the reins of another project of Spanyi — MyMonero.

The purpose of the Shapiro – increase the dissemination and commercial use of cryptocurrencies, and not to promote speculative trading. «When the lead developer of the project controls the purse, from which he makes a profit – it’s not quite right,» said Shapiro.

On the other hand, Spanyi focused on the creation lab open source-type ChainCode Labs in new York, where the developers are working on Bitcoin FOR free. Laboratory of Spani was his seventh draft and was named Tari Labs. This new company is developing a Protocol on the basis of Monero for trading digital assets such as concert tickets or bonus points to customers.

Tari Labs and Lightning

Spanyi going to hire in Johannesburg about 20 South African research and development Labs for the Tari, which will also contribute to the development of such solutions to scale as the Lightning Network, which can make cryptocurrency transactions cheaper and faster.

This command will create a router Lightning for instant transactions for a wide range of assets on the basis of the blockchain.

«You can run our router Lightning and connect it to the node Bitcoin node Litecoin, Monero node or node Tari full compatibility,» said Spani. «And you will connect to the mains Lightning. This will allow you to perform atomic swaps via Tari and our router to another node Lightning».

According to representatives of the Tari, the laboratory will require at least two years to start a full network Tari distributed tokens, because they need time to get feedback from developers, as they create a new Protocol.

The next step toward greater decentralization involves reducing the influence of any particular person associated with the project. Although the idea is to make the community more sustainable and to eliminate single point of failure, this change also contributes to the preservation of the moral health of Spani.

MyMonero on the rise

This does not mean that Monero will not be leaders. However, the community expects the leadership into their own hands will take several different people who will work for a common goal.

One of the candidates for this role – Shapiro, given its attempts to develop a business model for MyMonero that does not rely exclusively on investors, or consultants, such as Spani. Indeed, this entrepreneur is ambitious monetization plan for MyMonero, starting with FINTECH-partnerships, and finishing with system subscriptions to services a portfolio of different vendors.

However, the big problem is that transaction fees are a huge obstacle to its target customers.

According to the transaction fees Monero usually varies from few cents up to 2 dollars. Conversion Monero to bitcoin for merchants that accept only BTC, could lead to even higher commissions. It is in this region needs to implement solutions to scale like the Lightning, which in term allows for atomic swaps between blockchains.

Scaling Monero will occur under the joint efforts of developers and entrepreneurs. Now Shapiro again launches the free app wallet MyMonero, and expanding its team and is planning the opening of new offices. Updated app MyMonero for the PC is already on Github, but the new wallet for iOS was approved by Apple for launch.

Then Shapiro will unite with Honigwachs that will give users the opportunity to buy Monero directly through wallets MyMonero and automatically convert Monero to bitcoin when sending bitcoin payments.

«We want people to be able to buy Monero with credit cards directly in the application,» said Shapiro.

All of these features are intended to facilitate the circulation of cryptocurrency – this goal is now designated the main objective of the project.

Добавить комментарий