Hi all,

I have finally found some time to write a quick community update and my apologies for the delay in getting this out. It’s been a busy week (as always!) and with the release of some bug fixes and feature updates for the web marketplace, there has been a lot of testing to get done.

So without further delay, here’s what we’ve been up to and what we’re doing next …

Web Marketplace

The web markets v0.2 was released to the beta testers in slack. This update saw a few small but annoying bugs fixed, including the issue with trying to buy an item while another blockchain transaction was pending. I’m happy to say everything seems to be running very smoothly again now.

A major feature included in this latest release is the email notification system for all important transactions on the marketplace, keeping buyers and sellers up to date on the progress of their trades. We also introduced the requirement that all buyers and sellers entering into a contract have a verified email address on account, making it easy for the other party to contact them directly.

We also made some minor changes to the navigation system to simplify the flow for users who have bought and sold items.

Our next major release will include the ‘live update service’ (beta v0.3) allowing all contract data to be updated in real-time without the need to refresh the browser and more improvements for mobile and tablet devices.

Once the live update service is tested and release we will be working on a new live chat system enabling real-time conversations between buyers and sellers without leaving the marketplace. We will also be introducing the live escrow-dispute feature to further enhance the DDE process for users.

These are two very important releases as they move us a big step closer to the first ‘open public’ beta. This open beta will be a fully-featured web marketplace including improvements based on the feedback we get from the BitBay community.

Dynamic Peg

After successfully completing the development of the new BitBay Qt wallet in preparation for the mainnet release of the dynamic peg, our blockchain and Qt developer Yshurik has now joined the exchange integration team.

This week saw a lot of progress with some major bugs being fixed, and live calls being made between the BitBay and exchange API’s. We are getting close to being able to test the live trading on the exchange with BTC/BAY and BTC/BAYR pairs (where R = reserved).

Next week, in the interests of transparency and keeping the community updated, we will be releasing our development roadmap for the peg so our community can see exactly where we are up to and what is left to do.

As always, the team would like to thank our community for their continued support.

Until next week,

Shorn

Project Manager @ BitBay