Development

If you missed the last Masari project update, the infamous spending issue was fixed, Stex and SouthXchange are back up and running, the GUI has been updated, camthegeek has completely re-designed the official website, and a new Hetzner server has been set up to host the web wallet and block explorer under new domains.

Now with most of the wallet bugs squashed and web wallet running smoothly, the Android app has been updated with Google Play just around the corner. Installing and testing on the v1.2.0 beta release is welcome! When this is completed, development of the bigger project items can continue.

Regarding the direction of the project, thaer stated:

Simple Private Tokens (SPTs) would feature the ability to issue private digital assets in the network easily by the end user, with any computational logic using interchangeable off-chain architecture. To put it in layman’s terms, SPT is a network-native token service that allows the normal end user to create a token that they can do with as they wish — trade on an exchange, treat it as a security or share in a company, partial ownership of assets, and more. The possibilities are endless! It would be void of any on-chain smart contracts (i.e. all of that would be off-chain with multisig) to keep the network as simple, secure, scalable, and single-purpose as possible.

SPT isn’t yet at the possible stage yet, but it seems to be feasible at this point. It’s extremely math and cryptography heavy, and we’ll likely need to pay for a cryptography audit. If it works, this will be another crypto-space first coming from the Masari project, and combined with blocktree will result in a scalable currency that can handle this type of environment over the long term.