As we move toward Divi 2.0 and the expansion of the ecosystem, we are building out our exchange strategy and are ready to establish new trading venues over the next several weeks. The new platforms will provide additional liquidity for traders as well as open the doors to the Divi ecosystem to thousands of new users.
We will announce the names and go-live dates next week.
Divi Desktop Version 1.6.4 now available
This patch release fixes some minor bugs and improves the user experience for Divi Desktop.
We are successfully starting masternodes remotely and securely without sacrificing keys or coins to a centralized service.
The video below depicts a manual deployment that is established locally and broadcast remotely. The masternode is not, in fact, "started" until the remote node transmits the hash generated during the local setup to the network.
Trustless, decentralized, remote starts serve multiple purposes for the Divi 2.0 ecosystem. First, this new deployment method allows for a much more seamless setup process for the end-user. MOCCI users will see the setup times cut down by nearly 90%. Second, and perhaps most critically, this technology allows us to deploy masternodes from a mobile phone without users risking their coins and keys to a third party. Finally, this new feature provides the ability for masternodes to instantiate from the web and other non-full-node clients, which will become incredibly important as the network scales.
For example, if a user is running a staking wallet and keeps their node online 24/7, they could offer to host other user’s masternodes (for a fee or free, if they’re altruistic) without the need for retaining the counterparty’s collateral. Divi just cracked the code on decentralized masternode hosting.
A community member asked me if we can provide details about Staking Vaults, a feature slated for launch with the Divi 2.0 ecosystem. This section will supply some information that will bring clarity to what the feature is, what it does, and how it benefits our users.
Divi's equivalent to Bitcoin's Proof of Work is Proof of Stake, and instead of Bitcoin's mining, Divi has staking. When your wallet is staking, it is checking transactions to make sure everyone who sends DIVI owned those DIVIs and had the right to transfer them. As a reward for keeping the network secure, every minute one online wallet effectively "mints" a new block to receive a staking reward. The number of times a wallet mints blocks on average is reflective of the number coins they own (this is called their stake weight, or network weight). This can be compared to earning interest in a traditional bank.
To be eligible for staking rewards, one must have a staking wallet with a minimum of 10,000 DIVI, and they must remain connected to the network at all times.
If the computer is asleep, off, or offline they stop receiving rewards - this, unfortunately, creates a barrier for some people. With the upcoming release of Divi 2.0, we want to remove this barrier to entry entirely by providing a new concept called "Staking Vaults."
Think of Staking Vaults as a high-interest account. When a user saves DIVI to their Vault, the coins will stake on a remote server, and they will receive rewards. If the user moves the coins out of the Vault, they will stop receiving rewards. The DIVI saved in a vault will not be touched while making regular transactions. However, there is no lock-up period, so the user can withdraw the funds whenever they want.
Technically this approach is called "Cold staking," which is a catchy way of saying the private keys required to move the funds are not on the server doing the staking. We accomplish this via a smart contract and a secondary set of keys that are permitted to use the coins, but only for staking. The funds are unspendable because consensus enforces the contract between the Vault and the user.
Additionally, Staking Vaults will remove the minimum requirement of 10,000 DIVI, and they will work from both mobile and desktop - with no fee to the user. We're excited! Just imagine monitoring both Masternodes and Staking Vaults straight from the mobile app.
To implement Staking Vaults, we're currently working on modifications to DIVI's consensus and transaction validation system, which will be part of the upcoming PoSv3 fork (Proof-of-Stake version 3). More info will follow.
As you know, Divi's commitment to decentralization doesn't stop with the network but transcends our general feature-set as well. One upcoming feature we know users are excited about is our simple wallet addresses. As I'm sure you've seen in our marketing materials and demos, the Divi 2.0 application allows users to set a username and avatar, which makes sending crypto easier and anxiety-free. But how do we store this user information?
When we set out to build a world-class DeFi ecosystem, we knew that we would need a solution that allowed for immutable, decentralized storage. The video you see below may look like a simple messenger application, but it is Divi's very own P2P, append-only, decentralized database prototype! This prototype is critical in providing the level of security, privacy, and anonymity cryptocurrency users deserve without sacrificing the speed they're used to in traditional apps.
Fiat features progress
We are currently integrating the Divi 2.0 app with the central bank software necessary to provide all of the features you see below.
Top-Up - Add funds to your user account
Add/Remove Card - Add one (or more) debit/credit cards for in-app purchases and payouts
With Divi 2.0, users can manually add a card
or scan a card to add
Bank Transfers - Send to any IBAN worldwide
Users can set up their IBAN or send funds to/from an existing one, all within the Divi 2.0 application.
First BTC-to-DIVI Atomic Swap executed
A significant amount of tireless effort is being put in by the team seven days a week at this point, and another feature that is even closer to release candidacy is Atomic Swaps. You'll remember from two weeks ago that our Atomic Swap framework was beginning to take form, especially considering how robust it is in comparison to other implementations.
We're pleased to announce that we are successfully performing BTC-to-DIVI testnet atomic swaps between the Bitcoin testnet and Divi's forthcoming, post-fork testnet (working title PoSV3).
The screenshots below provide text-based evidence of this fact. We can now move forward with building this technology into the Divi 2.0 application ecosystem!
Other fun stuff
But wait, there's more!
Fun animations and sounds will let you know when you win one of the coveted Lottery Blocks.