On Thursday (September 6th, 2018), our CEO Armand Doru Domuța posted a comprehensive statement on our Telegram channel about the current goings on at RED. We have decided to repost it, as well as the impromptu Q&A that Vali Malinoiu (our Head of Blockchain) held the following day, here, for your convenience. To make matters more clear, we have also gathered relevant answers given by the team following said statement.

Without further ado:

Dear RED community, As some of you may be aware, I have traveled to Bucharest and had several meetings with our tech team. Following these, there have been several major developments that I would like to share with you. First and foremost, there will be a video podcast within the next week, where I will be giving a tour of the platform as well as discussing further announcements and details with our Bucharest team. I will also present our new Head of Blockchain, as well as a new Lead Architect. Following this, we will be launching the first stage of the platform as a referral-based beta with a focus on the mobile app, where participants will be awarded MWAT based on the number of people they bring to the platform. Additionally, due to security issues and a desire for greater transparency on our network, we have decided to move RED-P to a new blockchain. Therefore, it is our pleasure to present our newest partner: SWAZM — a blockchain infrastructure platform designed specifically for the distribution, management, and scalability of decentralized applications. Using the SWAZM Compute Layer (SCL), RED-P will be able to scale and iterate instantly to millions of clients, while providing an extra layer of security by encapsulating each and every service into a SWAZM container, so that even those that have access to the hardware that the platform is running on will find it extremely difficult to compromise the process. Furthermore, using the SWAZM Data Storage Layer (SDSL), RED-P will be able to use a custom built blockchain in order to decentralize its last centralized piece of information — the KWT — so that our clients will be able to see the exact flow of transactions and the KWT produced & traded. Furthermore, in order to secure the transfers that take place on the RED Platform, we will use a tailored blockchain solution that will represent the basis of each and every transaction taking place on RED-P — using a suite of smart contracts and a hardware device to isolate the keys that the RED Platform will use, we will provide tightened security and improve the safety of user accounts & wallets, as well as our own company wallets that facilitate transactions between MWAT/KWT/ETH/BTC. Taking this into account, we felt that a referral-based beta was required in order to sufficiently stress-test the upgraded framework, as well as increase public awareness and onboard as many new users to the platform as possible before the full launch. Bearing all this in mind, functionalities on the RED Platform will be gradually released in synch with the stages of the Guinness World Record Electric Tour that we are organizing — 24,000 km driven entirely by electric car, throughout Romania; a greener country, km by km — and powered by RED Platform Users in collaboration with the internationally renowned McCann Erickson advertising agency. In light of the recent adoption of prosumer-friendly legislation in Romania and the release of government funding of 100 MM Euro designed to subsidize +20,000 prosumers for installing solar PV, the campaign accompanying the world record attempt will be focused on attracting new customers to our platform, specifically our new solar kits and crypto mining rigs with finance from BRD — Societe Generale and special RED subscriptions — these will enable customers to become prosumers and to add more economic value to the surplus energy generated throughout the day between the two peaks (morning and evening peaks) when household consumers are not consuming the entire production by ‘mining’ MWAT, that can be used to pay their electricity bills or buy services on the RED Platform — the mining rigs will mine different cryptocurrencies and the users will receive MWAT in their RED accounts. Both solar kits and mining rigs will enable consumers to become prosumers powered by solar energy — both increasing energy independence and decreasing their carbon footprint. To this end, we will be announcing an important partnership with an expert in all things solar in the near-future — a company that synergizes superbly with who we are, on both a corporate and personal level. The full details of this partnership will be, as always, brought to you via our Medium, once the time is right. We have also extended the scope of the platform by offering a zero fee exchange component that, at first, will be offering pairings for MWAT/BTC, MWAT/ETH, MWAT/USD, MWAT/EUR, MWAT/RON. Whilst this function will not initially be available on the beta, we intend to have it fully developed by the time the platform goes live. Finally, we have been examining from both a legal and technical standpoint, options for including a new service on the platform, one that has been gaining considerable traction within the energy service sector, making the platform more attractive for other energy suppliers to participate in. More details regarding this will be disclosed at a later date. Regards, Armand Doru Domuța — CEO Restart Energy

The following are clarifications made by the RED team in regards to Armand’s statement:

MWAT is still capped at 500 MM.

It’s ‘mining’ rather than mining. Customers mine crypto (after using most of the energy for their homes), RED buys it with MWAT. Thus, they ‘mine’ MWAT.

The ‘mined’ MWAT is actually bought by RED from exchanges.

The reason is to create an entire ecosystem of products and services on the platform that can be purchased with MWAT.

It will be a referral-based beta. Meaning that people will be able to register for the beta (or directly chosen by RED) and then those can refer others to it. In addition, each referral will be rewarded with MWAT. The hope is to organically grow the platform with this strategy and pave the way for the full launch.

SWAZM are our partners and we have been working with them for some time now — they are a technology-first company that have a veteran programmer and blockchain expert as their CEO. He is also our Head of Blockchain and will be making an appearance on the scheduled video podcast. However, their WP is currently being actively worked on, as are other marketing details.

The mining rigs are simply an addon for the Solar Kit package that RED will offer. Those that wish to sell their energy instead of mine can simply opt for the basic Solar Kit package.

The platform itself will run as a DAPP on a new blockchain without affecting current tokens.

The day following Armand’s comprehensive statement, our Head of Blockchain and the CEO of SWAZM, Vali Malinoiu, came into the RED Telegram group and answered several questions regarding the new blockchain that his company is developing for RED:

Dear RED community, We’ve seen your questions and interest in SWAZM. As such, it is my pleasure to introduce you to SWAZM’s CEO — Vali Malinoiu, RED’s Head of Blockchain! He’s graciously offered to answer as many of your questions as his time permits. I hope you give him a warm welcome. Regards,

Rouă Denis, Chief Editor at Restart Energy

Vali: Hello everyone

Welcome Vali. Welcome aboard, Vali! We really appreciate you spending your time with us. Hi Vali. Is SWAZM a platform that’s totally been built from scratch? Also, does it have compatibility with existing blockchains, like support ethereum style solidity contracts?

Vali: SWAZM is something that we’ve been working for a few years, we support interchain operability, and we can host existing blockchains like ethereum and custom ones, like the one we will make for RED for the KWT.

Kind of still looking into it. Still trying to figure out what SWAZM is.

Vali: SWAZM as a whole is a custom infrastructure meant to be decentralized, it has a compute layer, a storage layer, a custom transfer mechanism, and it was built to provide dapps with the technology they need. We are still investigating if we should open source SWAZM or not, that’s why we have an organization but no public source code.

Why would you say SWAZM is the best fit for RED, compared to other alternatives?

Vali: Well in terms of compute, there aren’t really working alternatives that are decentralized, there are initiatives. Due to the fact that RED will have a KWT token, it’s really important that the flow of KWT will be public, so that everyone will have access to those transactions.

Interoperability been recently achieved by the wan network and they claim to be the first one doing so.

Vali: Their video says so, there were initiatives before, wanchain is focused on exchanging assets like a decentralized exchange, but interoperability is more than that, it’s a feature that will allow an EOS contract to communicate with an Ethereum one.

Has interoperability been tested with ETH to SWAZM blockchain?

Vali: Yes, we integrated it in several projects actually, one that is also an exchange.

It took Wanchain 2 years to complete.

Vali: We have been actively working on SWAZM since 2013.

Can u provide me the successful transaction with portability with other chains like Waves, ETH, Stellar?

Vali: Due to the fact that SWAZM is something private embedded to different projects, I can’t provide you with that.

Is SWAZM a private blockchain or open source public blockchain?

Vali: At the moment SWAZM is a private blockchain.

Can I have the TX hash of any existing blockchain?

Vali: You mean the contract address?

No, The multichain transaction hash.

Vali: We don’t use multichain, if you look on my GitHub you will see a suite of tech that we made open source used to sign transactions.

For the RED’s incoming beta testing, is it already using SWAZM as a blockchain?

Vali: Red is going to use SWAZM for hosting it’s services, driving the token exchange, and making the KWT on their own blockchain.

Why is it so unknown?

Vali: There are a lot of projects that promise things and most of them don’t deliver. We wanted to be different, we wanted to have a piece of technology that actually works and speaks for itself.

Are any other projects working with SWAZM already?

Vali: Yes, but unfortunately I can’t disclose that yet.

Other than SWAZM, do you have any other blockchain experience?

Vali: I’ve been in blockchain since 2008, built a security analysis machine for solidity (ethereum programing language), built a complete development environment for blockchain.

So far, what do you think of the KWT token closed beta testing on SWAZM? Is it stable?

Vali: Yes, we haven’t encountered big issues so far, but we still need to develop more, in order to ensure a smooth experience for everyone.

Was there a SWAZM ICO or how did this project get started?

Vali: SWAZM hasn’t done an ICO yet, we wanted to go to the market with a product that already works in the real world not just a promise.

How do you pay the bills?

Vali: We are bootstrapped, we iterated very fast and we are integrating SWAZM tech into different dapps.

How many team members?

Vali: We currently are 7 members, all technical, and actively recruiting.

Are there new things that will be implemented before the incoming RED-P Beta Testing?

Vali: I think RED will offer it’s users even more transparency and security by using SWAZM, we are very excited.

How far along would you say you are? Ideas towards time-frame for completion of chain for KWT to a level suitable for launch?

Vali: It’s not only about the chain it’s about the whole ecosystem, trading, exchanging and so on.

How will KW chain be secured? Proof of stake, or other protocol types?

Vali: SWAZM by itself uses a suite of consensus methods; Proof of Compute, Proof of Storage, Proof of Retrievability, and more. We wanted to build something so that everyone that will need a blockchain should not be worried about the technology support, consensus methods and so on.

Would you say KWT is ready for countrywide launch after beta testing on SWAZM services within this month?

Vali: I would say worldwide, we are actively developing with the RED dev team and we have great results so far.

So, are you starting from scratch in terms of the whole platform now, with the move to SWAZM? I believe the assumption at this point was that the platform was already fairly far along in its development.

Vali: SWAZM can host any kind of programming language and technology, we are reusing what has been developed so far, but the need for an even further decentralization was felt, thus we pushed the launch a bit further.

There is another token added to the equation — SWAZM.

Vali: SWAZM doesn’t need to have a token.

When did you start talks with RED?

Vali: We’ve been in talks for months, we had a lot of iterations and discussions, built some prototypes and kept on iterating.

Any masternode opportunities?

Vali: Well we are thinking about using the mining rigs and SWAZM to host RED in your homes.

What are max transactions per second capability so far?

Vali: Depending on the number of cores that SWAZM has access to, we can reach further than 1 mil ops/s depending on the data size and format. We are doing tests at 2kk/s.

So will I use SWAZM blockchain via the platform?

Vali: That’s right, SWAZM for regular use will be available in the future.

How come no working website yet? Or access to whitepaper.

Vali: It’s pretty hard to explain what SWAZM exactly does as it’s so complex, so we’re working on a whitepaper that is easy to understand, it will be released very soon.

5 years and ye don’t have a whitepaper?

Vali: We have more than one, but we are revamping everything including the website, your patience will be rewarded.

Ok. So how about RED-P?

Vali: Like the announcement is stating, RED will be hosted on the platform, the first version released on the 15th will be a referral system, mobile apps for iOS/Android, so that RED can grow through its enthusiasts, after that we will provide rolling features to the platform, we are already testing the smart contracts that will provide the mechanism for deposit and exchange, we have people working on the KWT mechanics, it’s an awesome sprint and we will make it.

What will the level of functionality be, Armand mentioned an affiliate program being used to onboard customers but will there be any functionality?

Vali: Well, first of all you gain MWAT, and the app will evolve, one of the features is the referral system, but it won’t stay that way.

So you can log in and refer a friend. Are there any features currently functional?

Vali: We have many features available, but in our auditing system we discovered some security concerns that are currently being worked on, we did not want to expose the tokens in any way.

Can you give some details about the security concerns? What issues did you encounter?

Vali: We found a way to edit and expose the tokens that a user has, and we found a way to call private methods in a smart contract thus modifying balances, things that are critical from our point of view.

Vali, you said — “we are already testing the smart contracts that will provide the mechanism for deposit and exchange, we have people working on the KWT mechanics, it’s an awesome sprint and we will make it” Do you have a time-line please for the completion/launch of this?

Vali: This in and of itself is not going to take much longer — maybe 1 week or so — but the thing is that it’s connected to different features; you will be updated soon.

Vali: Guys, it was great chatting with you, but unfortunately I have to go back to work, we will see you next week in a live podcast.

Vali: But I’ll give you a sneak peak of the app:

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We hope this article has given our update some more context and we look forward to seeing you this Friday (September 14th, 2018), during the scheduled video podcast.

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