Certainly put some long hours in this past week on the development side of things, with the Hive.Loans and HSC projects both seeing some work completed on them. Finally got HSC Node executable listening to the HIVE blockchain which will allow for the cross chain aspects of HSC to be built out to facilitate the first set of application contracts that will run on theside chain, belonging to the Hive.Loans project that should be online sometime next month. Quite an exciting week.
Hive.Loans Going Decentralized
While the initial concept of Hive.Loans didn't take into account that the HSC would be developed for it to run on at the time of inception, now that our HIVE network will soon be getting a properly decentralized sidechain capable of running industry standard smart contracts written in Solidity (and other languages!) the bulk of the heavy lifting the service will have to perform will see a shift from a centralized base of operation to a decentralized contract based one.
Some things such as sensitive account permission scope keys and other data aren't suitable for storage on chain, regardless of layers of encryption used, and thus will remain stored on private secured centralized databases under my control, but this is up until some universally accepted method of storing encrypted data for later recovery on the sidechain state has been established. The goal is to eventually have all aspects of Hive.Loans decentralized, right down to the web servers, but for version 1.0.0 launch this likely isn't going to be the case.
The release goal is still the middle of next month so will be kicking development of Hive.Loans into high gear and have an invitation for public testing going out here in the next week or two. Will certainly need help testing this site here in the upcoming future and would greatly appreciate any help. Certainly not a godlike software engineer by any means but with community support I'll try my damndest to build applications that increase the likelyhood of our community succeeding.
Currently the site isn't serving as much more than a placeholder but we'll start testing as soon as it's feasible in order for the community to come in and hopefully discover any issues before launch.
Hive Smart Chain Development Progress
While still quite early in it's development cycle the HSC project is seeing some great progress in terms of becoming an operational EVM capable side chain utilizing HIVE as it's gas and mining currency, having this week been brought to the point where a proof of concept can soon be released, albeit still unfunded by DHF. Hoping to procure the DHF funding in the next week in order to be able to not only offset costs of development of the entire thing but also have some capital kicking around to pay other developers who would like to come in and contribute to the code base.
Hive Smart Chain - DHF Proposal #164
Tonight I'll be implementing the first true cross chain commands into HSC and from there move on to building out the Hive.Loans logic into a set of smart contracts that will launch on the platform prior to it being publicly available. If you're interested in being a pioneer of the Hive Smart Chain project and wish to get involved running nodes on the testnet as well as deploying your own smart contracts to this new upcoming full fledged industry standard smart chain then please comment below. As development is moving at an alarming rate this will require quite constant compiling and syncing with the current git in order for your node to be compatible.
It's not uncommon for a handful of updates to the HSC client or it's protocol to happen daily so be forewarned this isn't some set and forget type thing this early in development but rather something that is going to consume some time and take some effort.. Almost certainly not something a non developer need bother with. Basically this include only the most enthusiastic of crypto nerd.
A quick mention here but I'm also working to include Hive Power and HBD equivalents natively into the HSC project rather than have them added as ERC-20 type tokens later. The school of thought behind this is that by mirroring all of the native currency on HIVE itself that the interoperability between chains will be greatly improved, allowing for more natural and less clunky user experience down the road as the goal of seamless and intuitive HIVE <-> HSC operations is kept at the forefront of the build. Tons of extra work, but honestly in the end I think this will all be worth it.
Please consider voting my witness, voting the proposal and help spreading the word about this and other projects on HIVE in order to support future development. All of the support I receive is greatly appreciated and then in turn focused back towards the community to make it more prosperous.
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