We have changed the way we communicate our development and other activities.
Before 1 August 2019, we developed products and updates for some time and then released them when they were ready to be used. Being focused on real working products and the problems they solve, we didn’t involve the community in something that didn’t exist yet, couldn’t be shown yet, couldn’t be used yet.
However, this practice has the downside that the community doesn’t know what we are working on, what’s next. Now we are going to share more about our current work and what we are going to launch in the near term. Hopefully, we’ll get early feedback that will help us to better prioritize and adjust the design of future product releases. The community will know better what to expect from Obyte and developers will know how the platform is going to evolve.
The recent launch of Autonomous Agents on Testnet already reveals the major update that is coming next to the production network. To make it clear what other new things are coming to the platform in the near future, we now start a series of What’s Next blogs.
Contracts with arbiters
Contracts with arbiters allow for safe arbitrary contracts between two (anonymous) parties backed by a human language text and a trusted arbiter to be called to settle a dispute in case it should arise.
A contract with arbiter is a combination of a prosaic contract and a smart contract that actually locks funds to guarantee payment. Should a dispute arise, a third-party arbiter is there to resolve it. The entire functionality will be integrated directly in the Obyte wallets.
Possible arbiters will be real-name verified and listed in the ArbStore, with information including their fees and reputation scores.
Expected release date: Fall/Autumn 2019
Decentralized exchange (ODEX)
After the Autonomous Agents are released on livenet, we’ll have a lot of tokens. Stablecoins, shares in prediction markets, synthetic assets, portfolio tokens, many others, and certainly something that we can’t even imagine today. We’ll need an easy way to trade them and ensure that access to trading is as open as possible. This is what a decentralized exchange (DEX) would provide.
We have already started developing a DEX and currently it is alpha-quality. A DEX would be such an important piece of infrastructure that we have to delay the release of AAs on livenet before the DEX is ready (we originally estimated that AAs will be tested on testnet for 2–4 months but now it looks like 2+4 months will be closer to the truth).
Expected release date: Jan/Feb 2020