Omni: the next layer

Mastercoin Upgrades Premier Bitcoin Asset Layer, Relaunches as Omni
Original Bitcoin 2.0 Protocol Powers MaidSafe, Tether, Factom, La’Zooz and
35 More Cryptocurrency Tokens, Passes Counterparty in Market Cap of Assets

Core Developers Ready New Version of Omni Layer Asset Creation Platform, Omni Wallet Multi-Cryptocurrency Online Wallet, and Omni Exchange Decentralized Exchange, All to Launch in Q1 2015

(North American Bitcoin Conference, Miami – January 18, 2015) – Mastercoin (www.mastercoin.org), which created the Bitcoin 2.0 movement through the creation of the first overlay to the Bitcoin blockchain following the industry’s first crowdsale in August, 2013, announced today that it has substantially completed the development of the Omni Core engine behind the Omni Layer (formerly Master Protocol) and will rebrand all aspects of the Mastercoin ecosystem as Omni.

“This relaunch reflects both a change in the cryptocurrency asset landscape, with MaidSafe becoming a top 10 cryptocurrency overall, and the desire of the decentralized developer community that has grown up around these assets and protocols to become a unifying presence in the ongoing development of the blockchain for business,” said Craig Sellars, a technologist of the Omni Layer.

The Omni Layer is a protocol that sits on top of the Bitcoin blockchain, allowing the creation of assets that combine the unmatched network security and adoption rate of Bitcoin with enabling capabilities built into the Omni Layer which allow new assets like MaidSafe, Factom and Tether to create specific new uses cases like decentralized web services, data and records documentation, and a digitized traditional currency, respectively.

The Omni Layer is a decentralized community that was funded by the Mastercoin Foundation, which gathered support from the community totaling 4,700 bitcoins in August, 2013, and used these funds (including during times when bitcoin was valued at 4-5x today’s pricing) to fund hackathons and developer bounties. Two of the Foundation’s key projects, the Omni Wallet (the original use of the Omni brand by the Mastercoin community) and the decentralized exchange, will be completed by a new Omni Foundation, whose board members will be elected by the membership of the new Foundation.

Today the market values of token assets issued on the Omni Layer (including MaidSafe) exceed that of all Counterparty and other Bitcoin blockchain-issued assets combined.

About Omni
Omni (www.omnilayer.org) is the latest iteration of the Master Protocol, created in August, 2013, as the first bitcoin asset layer. As the original Bitcoin 2.0 entity, Omni has 18 months of development and its ecosystem includes a multi-currency wallet (Omni Wallet), which connects to a decentralized exchange (Omni Exchange). Omni is a global community of developers and entrepreneurs building the premium asset layer of Bitcoin as open-source software.

Omni: the next layer

Omniwallet Milestone v0.26 adds Pending TX Support

It is the beginning of a New Year and we have been quiet for too long. We want to start 2015 by giving all Omniwallet users something to celebrate. We know that from time to time sending / receiving transactions may cause some confusion; “Did I send that deposit?”, “Did my transaction go through properly?”.  In an effort to help alleviate this and provide better feedback to you, we are happy to announce Omniwallet’s support for pending transactions.

PendingTx2

We are now able to track transactions broadcast from within Omniwallet. So when you send from your Omniwallet or someone sends you something from their Omniwallet we are able to capture the intended transfer amount and provide you with feedback about what is happening and what you can expect to happen once the transaction confirms on the blockchain.

NewOverview

 

As a last little bit of eye candy we also want to share a sneak peak from our testnet server, the redesigned overview page which is part of the new UI currently under development.

 

 

Milestone Summary (See the full list of details on Github):

  • New: Pending Tx Support
  • New: Decode raw api
Ongoing:
  • UI/UX updates
  • Rapid deployment of updated code
  • Crowd-sourced Security Testing
  • Continuing integration of Master Core features
On the Horizon:
  • Wallet ID recovery by Email
  • Send To Owners Support
  • DEx Phase II
  • Additional SP token values in fiat

Take a look and let us know what you think, we’re always happy for user feedback.

After a well rested holiday it’s time to get back to business. Come see what’s going on and help us chase down those fireflies.

 

 

Omniwallet Milestone v0.26 adds Pending TX Support

Omniwallet Milestone v0.24

Screen Shot 2014-12-17 at 2.22.57 PMUS Dollars, Russian Rubles, Chinese Yuan, you might wonder what do these all have to do with Omniwallet? Starting last Friday we began the rollout of a new Account Settings page within Omniwallet. A long requested feature, users now have the ability to update wallet passwords, set/change an email address and choose a preferred currency for displaying wallet value. Along with hiding Test Ecosystem properties (the new default) from your wallet you can now also support the developers.

Screen Shot 2014-12-17 at 3.02.11 PM

Also as a treat we want to share with you a screenshot from the new UI which is currently under development and getting much closer to completion. This new, reworked interface will have much better support for mobile devices as well as provide a more fluid wallet interaction experience.

 

Milestone Summary (See the full list of details on Github):

  • New: Account Settings page
  • Update email address for your wallet
  • Update Wallet Password
  • Currency Selection
Ongoing:
  • UI/UX updates
  • Rapid deployment of updated code
  • Crowd-sourced Security Testing
  • Continuing integration of Master Core features
On the Horizon:
  • Wallet ID recovery by Email
  • DEx Phase II
  • Additional SP token values in fiat

Take a look and let us know what you think, we’re always happy for user feedback.

The Holidays are about giving to others. So come check out Omni’s Heart of Gold and see how the code will be giving back this next milestone.

Omniwallet Milestone v0.24

Property Token by Delta Business Management and the Omni/Master Protocol

By Judith Jakubovics – BizDev at the Omni/Mastercoin Foundation

In this project, the Delta Business Management wants to embed unique id’s into the tokens to make a strong binding to a deed / contract. Once it will launch, the intention is to scale the business and branch into other forms of assets and property in particular residential markets and capital held in properties. The aim being that asset is more interchangeable giving the owner more flexibility with their wealth.

I would define it as PayTo capability token.

Delta will want to keep tokens to retain their pay to history so the new owners of the contract/token won’t be paid over and over and form a limited fund source. These assets are to be issued manually upon sale.

Customers will apply for Delta ID token. They will apply and send in KYC documentation which will be vetted by Delta Business Management. Once verified a delta ID token will be sent to the clients designated address. Visible in Omniwallet. etc., Once an individual has a delta ID token, they will be able to purchase from the Delta range.

The token holds no personal information and will just be to verify that this individual has passed KYC and is known to DBM, The tokens will be sequential ref designated within the token and all personal information will be kept offline and managed by Delta. Anyone viewing the token via Omniwallet will see DBM ID 001 & DBM ID 002 and so on. No personal information is contained within the total and the identity will only be known by Delta. You will be able to purchase directly from Delta website or directly from the Decentralized Omni exchange – Omni Exchange is scheduled to launch by the second week of January 2015.

So this property tokens will be traded with other members of the delta eco system (ie others who have a valid id token) this means that the properties are interchangeable without the need for estate agents and lawyers. There are procedures in place if someone sells an asset to a non delta ID token holder. The “sendbacks” are stopped until the new owner has obtained their own delta ID token.

All revenue received from the asset will be converted to btc by Delta as the management agent and will be distributed by BTC send outs quarterly providing the Delta terms are met (Delta ID token accompanies the asset).

If people no longer want their property managed by Delta they can either send the token back to Delta to redeem for the title deeds from UK land registry or, they can initiate the break clause in the original contract and receive a full refund (option available after 5 years).

Delta sees exciting opportunities with projects like factom.org (Factom is born on the Omni/Master Protocol) to be able to break the existing storage and parking assets into smaller pieces for small investors build up their portfolios. This would not be possible without projects like Factom.org getting around the micro payments problem which enables to break it down for smaller investors/clients.

If you want to know more, please visit  http://www.deltabusinessmanagement.com/

Great things are happening to the Omni/Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org

and on Skype: Judith.Jakubovics

Property Token by Delta Business Management and the Omni/Master Protocol

Omni in the Alps

Community Members,

I’m happy to report that I’m back from representing the Omni community at the Paris Bitcoin conference.

While over in Europe I hopped onto a train eastward and made my way to the land of Zug. For those unfamiliar Zug is a Canton and city in Switzerland just about 20 minutes south (by train) of Zurich the financial hub of the country.

CryptoValley3

My purpose there was to open a Omni Foundation office in Europe and also incorporate the new Omni Foundation entity in one of the world’s most crypto friendly places. In fact the Omni Foundation is using the same law firm and this is the same jurisdiction that Ethereum, Monetas, Hermes and many other blockchain related projects have chosen as their home.

By choosing the same location we gain a great deal of network effect benefits. Chief among these benefits is that these fellow projects have smoothed the way, by educating local counsel, local government, about the opportunities of the blockchain technology world. As a result the cost and time required to properly incorporate  and comply with local legal and regulatory hurtles is much reduced.

This is a big step in the “The Great Transition” I described in my previous post about moving from the old MSC Foundation to the new community / member driven Omni Foundation.

In the coming week you will notice more and more of the websites, social channels, Github repositories for the community switching over to the new Omni name and terminology. Omni Protocol, Omni Core, Omni Wallet, and Omni Foundation. In addition we will be opening the membership application to the Omni Foundation at the same time we launch the new website.

Thanks for being involved in this effort to extend the blockchain in a whole world of new ways.

Best Regards,

David A. Johnston

Omni Foundation

Omni in the Alps

Omniwallet Milestone v0.23

brain-on-chip-main

This Milestone marks the completion of the previously mentioned code refactoring project which has been underway for the past few weeks. This allows the team to resume development on a much cleaner code base which will make global wallet interactions simpler for new features and enhancements.

Testing on Phase two of the DEx has been underway by the development team for the past few weeks. We are just about ready for additional testers to start trying out the system. If you haven’t already, take a moment and get yourself setup with a wallet on testnet, then get some test BTC from a faucet. Once you have your test BTC send some to the moneyman (moneyqMan7uh8FqdCA2BV5yZ8qVrc9ikLP) to get some testnet MSC/TMSC.

chart

New Feature Highlight

One of the new features we’d like to highlight this Milestone is the addition of QR Codes for wallet addresses. Available now from the ‘My Address’ page simply click on an address to show/hide its corresponding QR code.

 

Milestone Summary (See the full list of details on Github):

  • QR Codes for Wallet Addresses (just click the address)
  • Completion of Code Refactor
  • Updated FAQ
Ongoing:
  • UI/UX updates
  • Rapid deployment of updated code
  • Crowd-sourced Security Testing
  • Continuing integration of Master Core features
On the Horizon:
  • Wallet ID recovery by Email
  • Support for currency localization
  • DEx Phase II
  • Additional SP token values in fiat

Take a look and let us know what you think, we’re always happy for user feedback.

Feeling Curious, Come check out how Omni is spreading The Message.

Omniwallet Milestone v0.23

Highlighting some great projects built on the Omni/Master Platform

By Judith Jakubovics – BizDev at the Mastercoin Foundation

Dear Masterminds,

Another exciting week for Omni/Master Protocol – full of innovative ideas, community collaboration and much more.

There are so many new innovative projects, and I would like to highlight some of them.

I would  love to highlight all of them, but there are projects in the pipe that are not ready to be revealed in public yet.

(A) – Projects that already launched on Omni/Master Protocol:

a) Maidsafe – Date of launch – April 2014

Maidsafe aims to create no less than a fully peer-to-peer and decentralised Internet platform, in which all data is ‘shredded’, encrypted and distributed to an extensive network of computers around the world. MaidSafe consists of two key parts: the network and the client applications. Safecoin is the currency of the SAFE network and a mechanism to incentivise and reward end users and developers as well as provide access to network services.

http://maidsafe.net/      and  http://maidsafe.net/safecoin

b) ApiNetworks – Date of launch – June 2014

The API Network provides the solution to create a fully decentralized and tokenized API network.This platform will allow API providers and users to meet in a fully open sourced platform, using the lessons learned from Bitcoin.

The goal of API Network is to take all the APIs out in the world,and provide a universal mechanism for querying them.

APICoin (XAP) will provide a transparent and distributed way to compensate developers and service providers for their effort with the coin XAP.

API Network is actually the solution to create a fully decentralized and tokenized API network platform that will allow API providers and users to meet in a fully open sourced platform, using the lessons learned from Bitcoin.

http://www.apinetwork.co/  and  http://www.buyxap.com/

c) GenerCoin – Date of launch – June 2014

GENERcoin is the Green ENERgy Asset Backed Coin that is backed by Arterran Renewables innovative solid bio fuel made from sustainable non food sources, such as manure, and municipal solid waste that is a direct replacement to coal. Coal contributes 40% of green house gas emissions in the US alone(source US EPA). Each GEC is a receipt and claim for the bio fuel that backs each coin.

www.genercoin.org  and www.arterranrenewables.com

d) CryptoNext – Date of launch – July 2014

CryptoNext plc is an Isle of Man company that offers digital currency products starting with a multi-currency, multi-lingual exchange platform and extending to merchant and remittance services.  It is the first company to launch an exchange offering multiple Fiat and multiple digital currencies, via a platform which is available in several languages.

www.cryptonext.net and  https://www.youtube.com/watch?v=GG97mJ-Y_ac&feature=youtu.be

e) CoinProz – Date of launch – August 2014

CoinProz is utilizing a new method of valuing their token called Proof of Action: By distributing much of their coin offering to users who participate in their crypto based social network they are encouraging a strong interactive community.

http://www.coinproz.com/default.html

f) Spacelite – Date of launch – Sept 2014

Spacelite project – Life Science R&D

SLC- Spacelite  is an asset backed token, each SLC is backed by 100 grams of SpaceLite, a highly medicinal potassium-oxygen based alkaline electrolyte mineral for human consumption.

http://www.spacelite.info  and  http://www.armedforces-int.com/suppliers/spacelite-military-operation-training-supplement.html

g) SovereignCoin – Date of launch – Oct 2014

The mission of SovereignCoin is to harness the purchasing power of physical silver, to energize and mobilize this tremendous resource, by anchoring to it a trading unit called a Sovereign. A Sovereign is a digital representation of one gram of silver utilized by SovereignCoin holders to record and reconcile value. No longer need the purchasing power of silver be trapped away inside one’s vault.

http://thesovereignexchange.com/content/sovereign-solution

h) Tether – Date of launch –  Nov 2014

Tether is a next-generation financial platform making it possible to safely and instantly send and receive Dollars, Euros, Yen, anywhere in the world using the Bitcoin blockchain.

You deposit your preferred currency (Dollars, Euros, Yen) or bitcoin onto our platform, and we issue you Tether+, which are digital tokens that allow you to make transactions using the Bitcoin blockchain.

https://tether.to/

(B) – Projects that will  soon launch on Omni/Master Protocol:

a) Factom

Simple yet critical technology on Master Protocol

The goal of the project is to build a protocol stack, beginning with a proof of existence layer, and ending with a layer providing proof of process.  All of which is secured with the Bitcoin block chain, without adding a significant number of transactions to the Bitcoin block chain, nor requiring any changes to the Bitcoin protocol.

With clever use of cryptography Factom  will limit the size of the blockchain without losing any of the information it contains.

http://www.factom.org/

b) Hope Gold Coin and The Festival of Hope

The Festival of Hope is the largest live music and charity event in history.

Hope Gold Coin is the overall sponsor of the festival of hope.

Hope Gold Coin is the means of purchase to support charitable activities around the world.

The HOPE Gold Coin Charitable Trust is a charitable trust under UK law expressly established to undertake the development, production, sale and management of the HOPE Gold Coin as well as ensure that all proceeds earned from the sale of HOPE Gold Coins will be used for charitable causes and activities.

  • Genuinely and completely altruistic.  
  • Proceeds earned from the sale of each and every HOPE Gold Coin will be used by HOPE Gold Coin Charitable Trust to benefit philanthropic and charitable causes, projects and activities worldwide
  •  http://test.hopegoldcoin.org

http://test.hopegoldcoin.org  and  http://www.thefestivalofhope.org/

http://www.hopegoldcoin.org/links-2/partners.html

c) Merchantcoin

MerchantCoin is the first self sustaining, marketing centric crypto-currency that incentivizes consumers, advocates and businesses to acquire and use bitcoin.The MerchantCoin solution provides a Faster, Cheaper, Easier and Smarter method for merchants to transact business within its ecosystem. The mWallet enables each merchant to accept bitcoin, but also to sell Bitcoin and many other alt-coins. TheMerchantCoin solution provides every merchant an onramp to the digital currency marketplace.

https://merchantcoin.net

d) La’Zooz

Transportation and traffic jams are basic parts of our modern lives.

These are exactly the issues that the La’Zooz team are dealing with. It will save our precious time and money, will reduce global pollution, will require less investment in infrastructures and much more…

La’Zooz is creating a Decentralized Transportation web that will not only be run by the community, but it will be owned by the community. “Fair share” and “fair fare” were two of the basic values that led La`Zooz team in its creation process.

La`Zooz is using the bitcoin 2.0 technology in order to distribute abundance to as many contributors that will come and by that La’Zooz is opening the floodgates for developers designers and users.

La`Zooz will move its “Proof of movement” mining Android App into Beta stage.It  will enable people who believe in ride sharing and other smart transportation solutions to change the way transportation on planet earth looks like.

http://www.lazooz.net/

e) BitLov

Bitlov is a digital currency automation platform that utilizes a predominately trustless network of decentralized, distributed autonomous agents called Rubrics

Bitlov is a digital currency automation platform that utilizes a predominately trustless network of decentralized, distributed autonomous agents called Rubrics. Bitlov empowers individuals and organizations to determine where money goes and when by simplifying the process of setting rules within contract templates, to write simple-to-complex transaction routines based upon various factors, such as: budget, pre-defined triggers, formulas, times, recipients, and more.

Website under constructon.

See the blog: http://blog.mastercoin.org/2014/10/19/introducing-bitlov-a-new-project-integrated-with-mastercoin/

f)Rymecoin

Remitance dollar coin for the Kerala state of India

Using the Master Protocol, RymCoins will be created from “Information Matrix Console (IM)”, where fiat currency, big data, user personal, professional, consumable and business information’s are captured; and purchasing power parity logic is applied for additional coin creation in the time of fiat currency conversion into crypto currency.

https://docs.google.com/document/d/18rMT0NY9PYeds469ZckOrrXIxEf8lLm7GJAau-TtD-w/edit

g) The Delta IDCoin

The Delta Business Management and the crypto space.

In this project, the Delta Business Management  wants to embed unique id’s into the tokens to make a strong binding to a deed / contract.

Once it will launch, the intention is to scale the business and branch into other forms of assets and property in particular residential markets and capital held in properties. The aim being that asset is more interchangeable giving the owner more flexibility with their wealth.

Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics

Highlighting some great projects built on the Omni/Master Platform