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.



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.”



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.



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.



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.”