New Luna Wallet Release Notes, v 2

You can now download the upgraded Expanse Luna Wallet v2. You’ll want to take advantage of the new features, including Tokenlab integration, UI enhancements,, and resolution of GEXP and CSS issues.

New Feature

  • Tokenlab Integration with Luna wallet
    • Get all the tokens /contracts you have in Tokenlab.
    • Read/write contracts of Tokenlab through Luna wallet.

Instructions for Installing the Updates to Luna Wallet

  1. Access the Luna wallet on the Expanse website: https://expanse.tech/downloads/
  2. Download latest version of luna-wallet
  3. Open Luna wallet.
  4. Click on Tokenlab icon that is placed inside the menu bar of Luna wallet.
  5. Login with Tokenlab login credentials in Luna wallet.
  6. All your tokens you have in Tokenlab will be added in Luna wallet database.
  7. All of your contracts you have in Tokenlab will be added in Luna wallet database.
  8. On Logout, all data is deleted in the database. When you Log in again, it will again add into the database.

Other Issues Resolved

  • Bugs Fixed.
  • CSS issues Resolved.
  • GEXP issues resolved.
  • UI enhancements.

GEXP Issues Resolved

  • Rewinding blockchain
  • After latest GEXP download, reinstallation bug fixed.

Other changes

  • Update Exp Price when change in market.
  • Change currency selector.
  • Add loader on walletInfo screen button.
  • “Fund with Bitcoin” button is working now

Developer Needed

C++ Developer Needed for Short-term Project

Start Immediately. 100K EXP Bounty.

Established blockchain company needs a talented dev to assist with specific, time-sensitive programming tasks.

In order to maximize the integrity of our blockchain, we have decided it is in the best interest of our business and community to employ a unique mining algorithm. We are the only Ether fork to use this algo. We are looking for a developer to help us create the GPU miner for our unique algo.

Summary

  • On target epoch an algo switch is scheduled.
  • Light cache generation switches from Keccak to Sha512.
  • Whole DAG has to be regenerated from Light cache.
  • Mining algo changes from Keccak to Sha512.

Project Specifics

  • Modify/integrate Pawel’s ethash library for CPU validation.
  • Fork ethminer and create new kernels for both CUDA and OpenCL. (The most glue around kernels stays the same, i.e., stratum, stats, api, etc.)
  • Embed trigger epoch into Ethminer on behalf of type “EXP”.

Contact Us

Qualified applicants, please email us at [email protected]

Join the team

We’re looking to hire 10 full time Javascript programmers and 3 project managers. Anyone interested, kindly contact me and have a resume prepared.

Requirements for the Javascript programmer position is below.

  • Minimum 5 years’ experience as a Full Stack developer.
  • Minimum 3 years’ experience working with JavaScript frontend frameworks (such as knockout, backbone, ember, react, ember, AngularJS).
  • Demonstrable experience with AngularJS and/or Angular 2.
  • Must have GIT experience and competence using the command line interface.
  • Solid experience with CSS and the vast knowledge of responsive frameworks libraries such as bootstrap.
  • Solid experience with CSS3, Flexbox and Grid layout.
  • Experience with TDD, end­to­end testing, and using test automation frameworks.
  • Understanding of software design patterns, SOLID principles.
  • Experience with Node.js, and understanding of the tool chains (e.g. bower, gulp, etc) is an advantage.
  • Experience creating and integrating with HTTP REST APIs.
  • Experience with CI tools (e.g. Jenkins) also an advantage

Compelling Quotes

Here is a collection of compelling quotes posted over the last two weeks in our various Discord channels:

Christopher Franko shared,ETH is really expensive to work on. ETH has testnets and stuff, but if developers wanted a good test bed to see how their ideas behave in the wild and in a less sterile environment than the ETH test nets, EXP is a solid choice.”.

In case you missed it, a loyal community member calls out another member who repeatedly posts complaints, Why are you even here? To criticize and/or complain about things? How many coins have had trading halted for wallet maintenance?? I lost track of how many times BTC and ETH have had trading or deposits/withdrawals halted simply over bad media and they were crashing. Try asking real questions and I guarantee you’ll get real answers.”

A new community member muses about crypto awareness, “I wonder how much of the population understands blockchain and crypto currencies? What companies are educating every day people about this stuff? More needs to be done to capture the wider market audience Gaming would probably be the ideal entry point to teach people and gain some kind of adoption because in game currencies have been about for several years now.”

Another opinion from the group, “Gaming IS the best way to achieve awareness. The real issue is making it mobile friendly. Blizzard already added crypto to WoW, and it did nothing. ANYTHING people can only do on a PC will not create awareness on a large scale. PC-only concepts simply will not attract an audience that matters.”

How Big Data Can Usher in a Bankless Era

Here’s an article submitted by Jitendra Rathod, newsletter contributing editor, that takes the discussion from the last article forward. The previous article concluded with the suggestion that Big Data can help banks stay relevant in these times. Lets see how.

It’s difficult to imagine a world without banks. The traditional banking system has become so pervasive in our lives that we cannot think of a world where trade, businesses and even daily transactions can occur without a bank. While we may think of this scenario as improbable, we are actually part of a generation that is slowly moving away from banks.

Non-traditional players looking to become primary financial service providers

Imagine your transactions with Amazon, for instance. You fill in your AmazonPay wallet and pay for goods and services through it. If you are a Prime member, you get 2% cashback on all your purchases. You can pre-order experiences and goods before launch. You can basically do all this and more using your Amazon app, rather than your card or cash. Doesn’t it seem more like a bank account? If you are a merchant with a digital storefront, you can also add a button to your website that allows your customers to pay with their Amazon Balance and checkout using their Amazon account information. Where, in all of this, is the bank?

What is helping them? Big Data

There are other non-financial players that are looking to take you away from traditional banking, and with good reason. They started off either as an e-commerce store or a payment gateway solution, but as more and more people got attracted towards the unique experiences that these platforms provided, these platforms also started receiving a ton of data from their customers’ online behavior. This data – Big Data, as it is called – can be used extremely strategically to create unique and highly customized experiences for customers. And these players know how to leverage this personal data of customers to keep them loyal.

“Experience providers,” as I would call them, like Amazon, are gradually but surely encroaching upon the hallowed turf of banks. And they are doing this with the help of big data analytics. If traditional institutions do not leverage their customers’ data better, outside players will soon become primary providers of financial services.

The traditional banking system has been slow to embrace technological advancements. While there have been innovations in fintech, banks are often the slowest to accept them because they have been foolishly secure in the idea of their infallibility. Players like Amazon have proven that banking institutions are not indispensable and the onus is now on banks to fight for their turf against powerful contenders.

2 Billion Unbanked People in the World – An Opportunity?

Let me paint a different picture for you. Traditional banking has still not reached over 2 billion people in the world. That is roughly 25% of the global population, or 1 in every 4 people in the world. Most of these people live in the poor and developing nations of Africa and Asia. These people have always had a bitter-sweet relationship with banks. More bitter than sweet, I’d say. These people are not part of the global economy and do not have access to basic financial services. They still use cash for their daily transactions and cannot get loans from banks because of an absent credit history.

On the other hand, these are the same people who have access to mobile phones and thus, the internet. A case in point – while 80% of adults in Africa have no access to basic banking, 63% use mobile phones and while, on an average, only 27% people in South-East Asia have access to banks, it is the world’s fastest growing internet region. So what does all of this mean? It means that digital players like Facebook and Amazon have better access to this unbanked and un(der)served population than the banks. It means that whoever gets access to these unbanked peoples’ data can design products and services for them.

Parting thoughts

We’ve already seen how platforms like Amazon are attacking banks where it hurts the most – by attracting customers away from banks. Banks need to gear up for the battle of the century as they try to snatch their turf back and keep customers loyal to them. Which side leverages big data better is going to be the clear winner. But in this battle the ultimate winner is always going to be the end user – the customer, the attention of whom these players are fighting for. If non-traditional players win, we may actually witness a “bankless era.” It will be interesting to watch from the sidelines as two Goliaths battle it out for the ultimate prize.

Call for Writers – ttm.news

As we announced in the last newsletter, Expanse is re-introducing a news aggregation concept targeting crypto enthusiasts. To The Moon News (ttm.news) is a site to access for original news submitted by our community or anyone who wants to showcase crypto-related articles, announcements, newsletters, and press releases.

We want to hear from you! This is a great way to share your original thoughts, gain visibility, and enhance your influence in the space. Our goal starting out is to post at least one new article every day. Please contact [email protected] to publish your insights and ideas on ttm.news.

New Project Management Office

In an effort to achieve more efficiency and tighter monitoring of projects, Expanse has opened a project management offices (PMO). Farwah Aizaz will run the PMO, reporting to Chris Franko. .

In this new role, Farwah is responsible for setting, maintaining and ensuring standards are in place for project management across the organization. Under Chris’ direction, she will establish and monitor best practices, project statuses and direction. Key to the role is facilitating effective communication between teams about projects across the organization.

“Now that Expanse has staff in six countries, keeping up with everything going on across time zones and in several languages has been a significant challenge,” said Christopher Franko, Expanse Founder. “We have high hopes that the PMO will help us be more efficient and transparent across projects.”

Developer Updates

Gander v3

A new project has been initiated to update Gander. In addition to tracking all transactions, among the enhancements are tracking of:

  • Double-spent transactions
  • Transaction fees
  • Every block


Other new features include websockets for developers, an API with the ability to submit transactions to the node, and multiple UI enhancements.

GEXP Update

GEXP is the GitHub for Expanse.You can access the latest version here:

https://github.com/expanse-org/go-expanse/commit/5433a50a09db510e55e8350ac539ad6323f62251

The Luna wallet is the GUI that interacts with GEXP. Asim’s team has been very focused on GEXP enhancements, fixing bugs, enhancing the UI and rectifying a broken chain signal issue in Luna for Windows.

Expanse Hard Fork

Christopher Franko, Lead Developer, is working on a new hard fork for Expanse that will bring Expanse to Constantinople, change our proof of work algorithm to Frankomoto, and introduce reorg protection (Chain Aegis or block lock). It is scheduled for block 1,800,000 as of now, but if that changes, it will be 1,830,000 or about 35 more days, which is respectively EPOCH 61.

Tokenlab

Given the number of enhancements and new features, Tokenlab is about to undergo a thorough QA process, followed by beta-testing. Our goal date for the new release is 4/15.

Also underway is the development of a Tokenlab video walkthrough for minting and managing your tokens.

Are We Witnessing the Death of the Bank?

Here’s an article submitted by Jitendra Rathod, newsletter contributing editor, that discusses his views about the future of banking.

If what we are witnessing continues, banks will slowly, and almost painfully, go down the path of extinction. I am not saying that banking will come to an end; I am only referring to the paraphernalia surrounding the banking system, especially the bank. Banks today have become vestiges of the traditional financial system and create more burden than value for the system.

Banks made hay, while the sun shined…

The previous generation, and a couple before it, witnessed the great banking revolution where, under the mandate of global financial institutions like the World Bank, banks endeavored to reach out to the smallest common denominator of the globe. The poorest, most impoverished, individual on the planet was approached systematically and brought within the financial mainstream. However, even after almost two decades inside the 21st Century and the traditional financial system has brought only 75% of the world’s population under the financial mainstream. Almost 1 in every 4 individuals do not have access to banks even today. However, let us pursue this line of thought later. Meanwhile, let us understand the problems plaguing the banks of today, with regards the present generation.

…but are they relevant anymore?

The “Millenials” are an extremely tech-savvy generation. The explosion of technological advancements, especially in internet and telephony have made the world a very small place. Even Baby Boomers and Gen X have caught on to the gadget-driven frenzy that is life as we see it today. These tech-savvy people are extremely picky in what they want and how they want it. Add to this the inherent curiosity of trying out new things and the impatience that has become the hallmark of these individuals and you have a recipe for either disaster or a revolution.

People today literally live their lives digitally. They wouldn’t want to get stranded on an island without their gadgets and a wi-fi connection. In such a scenario, the bank seems more like a vestige of the past, a mammoth trapped in the process of evolution to find itself among well-dressed humans in the middle of Times Square on a busy Monday morning. In a frenzied world a trip to the bank can seriously slow things down.

The services of banks today presents a classic case of expectations and frustration. While people want all banking services at their fingertips, the inability of banks to do so gives rise to frustration. And this frustration has been channelized by entrepreneurs to create revolutions and disruption in the financial sector. The marriage of finance and technology, also called fintech, has birthed technologies that aim to make banking as people want. But all this comes with a heavy price. The death of the “bank.” Banks – the structure, infrastructure and its countless employees – are simply untenable. Once the touchpoints to the financial system, they are now on their way to become redundant because touchpoints have shifted from banks to mobile apps.

Today’s generation wants banking to support their lifestyle and this new equation has no place for the bank. To say that banks have been innocent bystanders in their extinction by greater forces would be wrong. Banks themselves have played a major role in their own destruction. This brings us to our earlier discussion on unbanked people of the world.

Banks still haven’t reached 2 billion people

While banks had a clear mandate to bring all the people in the world under the financial mainstream, why do we still have 25% of the world’s population out of it? The reason behind this is the inability (?) of banks to serve such a large “risky” population. If an individual has a bank account, he will demand for a loan. A bank cannot give this individual a loan, because it is not sure if he can repay it. Such an individual does not have a credit history. But how can the individual have a credit history if he hasn’t been offered a loan and the eventual chance to repay it? It’s a vicious cycle and a classic case of what comes first – the egg or the hen.

This makes them prone to extinction

If banks want to continue existing, they have to get their act together. In my opinion, the question is not whether they would keep existing. Even by some miracle they do, they will not thrive, because the present generation is looking at players outside traditional finance to serve their needs. And these players are not only doing that, they are doing it with élan and exuberance, unlike banks.

But is there a way?

One way by which banks can stay relevant is by understanding their customers better. And the best way to do so is through leveraging information about their likes, dislikes, dreams, ambitions and aspirations. All of this can be obtained through their digital footprint. A curious piece of information says that more than half of the world’s unbanked population has access to mobile phones, even smartphones. And as we know, that a person’s smartphone knows him better than even himself. Using social media and other service-oriented sites can extract a lot of information about a person. While we can debate the legality and ethics of how the data is collected and used some other time, we can however appreciate the vital nature of this data and its importance in knowing the customer better so that a business or service provider can customize offerings to suit the lifestyle of the individual.

Parting words

Banking, as an institution, can stay relevant only if it leverages the information – Big Data – provided by their customers and also by getting access to such data from third parties. Banks however will slowly vanish to pave the way for a completely digital banking experience.         

Slips Update

For those of you following Slips, our very ambitious EXP.Grants recipient, the founders are on the move and settling into their new environment in San Francisco. Let the networking begin!

Co-founder Kyle O’Neill attended a Bay Area Live meetup and met up with members of the SF streaming community and staff from Twitch, as well. Bay Area Live is the longest established Twitch meetup group.

If you are interested in finding out more about Slips: