Here is a summary of what’s new with Elastos.
Biweekly Developer Update:
A developer update was released by Kiran on progress made as it relates to Elastos Technologies. It appears Vouch, a KYC app that validates email addresses, matching user emails and DIDs, began development as of two weeks ago, with an early demo release planned soon.
The Elastos Academy Application added a new DID function that adds people to friends list automatically. Soon, community members can challenge their friends in games. This feature will be available in about a week.
Next is “Feeds”. The Feeds dApp works similar to twitter on elastOS. Feeds utilizes DID, Hive, and decentralized messaging through Carrier. People can create channels and become publishers, similar to a telegram news channel. Development of Feeds is ongoing, and the UI/UX design has started.
There’s a new page for developers called Elastos Schema. Schema contains info and a set of instructions on how you can request data from the Elastos DID, Carrier, and Blockchain into a dApp. Developers don’t have to import logic by scratch.
NY Blockchain Week Hackathon:
On May 6th, Elastos Info reminded the community they are still looking for developers to participate in their NY Blockchain Week Hackathon.
Elastos is sponsoring the NY Blockchain Week Hackathon hosted by @gitcoin in collab with
“In partnership with Consensus 2020 and the Ethereal Summit, Gitcoin is proud to be hosting the New York Blockchain Week Virtual Hackathon. Hackers will be encouraged to attend Ethereal and Consensus talks. Conference attendees will be encouraged to hack. We can all learn & earn together.“The goal of this hackathon is to come together as a global community, to help build the future of Web3, and support social issues that impact us all. We will also be running a charitable fundraising effort in conjunction with the hackathon. Stay tuned!”
Elastos, alongside Stellar as well as Ethereum Classic Labs, is proudly displayed. Teams or individuals have two weeks to build projects in the Blockchain and Web3 ecosystem.
Elastos Discusses Plans to Join the DeFi Industry:
Up next we have possible plans on Elastos Joining the DeFi Industry. Clarence, VP of Development at Elastos had comments on this topic According to the article released by the CR Press Team, written by Jeremy.
DeFi is certainly an exciting, budding ecosystem in the crypto space. However, it takes resources and liquidity in order to break into the space. Clarence has a few ideas for DeFi on Elastos, but first he wants to make clear that there are no significant efforts or free resources to work on DeFi in Elastos right now. There are a few clear initiatives and obstacles Elastos (and other crypto projects) must address before anything can get started:
“The first and most obvious initiative is to open the DPoS Supernode staking rewards scheme to the entire DeFi community. With a 6-7% annual return on investment and built on one of the most secure blockchains, manipulating the DPoS rewards would be more difficult than hacking many other DeFi protocols.
“After all, the Elastos merge-mining network constitutes approximately more than half of Bitcoin’s hashrate, and those miners in turn automatically payout the DPoS rewards to Supernodes whose ranks are immutably published on the blockchain.
“The flaw with the Elastos DPoS Supernode scheme is that the stake is in ELA, a token subject to high variance. This presents a serious issue as a drop in ELA value would quickly wipe out any potential gains from staking. This is in stark contrast to other DeFi staking platforms where you stake a stablecoin such as DAI.”
Of course, there is more to this update so feel free to check out the article.
To those who may not know,
Greenpass is in direct relation to the Coronavirus (Covid-19) pandemic. Covid-19 began in China, spreading through the Wuhan province into the rest of the world, and this has become a worldwide public health threat. China has refined their methods of determining if an individual is allowed to pass through a quarantined area based on two factors:
Measuring body temperature at all entries and exits.
Determining whether the individual has been in an infected area in the past 14 days.
Regular status checks as positive or negative.
Regular body temperature checks with values and range.
Travel data of the past 14 days; have they been in certain areas?
It appears GreenPass has launched an incentive plan to further GreenPass’ Adoption
Brian Xin of DMA announced the official GreenPass Market Development Incentive Plan on Tuesday. Elastos Co-founder, Feng Han, and Manhattan Project Fund donated 10,000 and 20,000 ELA respectively towards Green Pass.
As reported on Wechat, the funds will be allocated to “…those who help develop use cases, establish cooperation with international organizations, and produce creative marketing materials such as videos and articles.” People with all skillsets are needed for the GreenPass Incentive program.
Elastos and CR community members are encouraged to reach out to Brian and the DMA team with GreenPass plans. The dApp has already received positive reviews in tests. The next step for GreenPass is market growth and user adoption. DMA, Feng Han, and Manhattan Project Fund are hopeful that the new incentive program will help GreenPass adoption.
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