AMA, August 11: Native single tokens staking, Dashboard, KelVPN, Cellframe DEX, Smart contracts, etc.
Hello everyone! I’m Dmitriy Gerasimov, CEO of Demlabs and its subsidiary project Cellframe Network. Today is our regular AMA session… But it’s not quite usual, because this week our company celebrates five years since the founding of Demlabs as a product company. Anyway, today we will talk about the news of our development and our history.
DEX tab in Cellframe Dashboard
The first news block is about decentralized exchange. We have improved the DEX tab in Cellframe Dashboard: and the exchange works now! You can check it. Download the latest version of Cellframe Dashboard.
The latest version of the DEX application already has the exchange tab. Now the logic of the DEX tab is like Binance’s logic for creating limits and market orders:
- There is a book with a list of orders sorted by price.
- There is a candlesticks chart where you can track token rates (resolution from a minute to a month).
- There are all the usual functions of exchange with limit orders, as you can see on the centralized exchanges.
We released new tokens for trading in our mainnet, and all of them are quantum secured:
- KEL tokens;
- wrapped stablecoins USDC, USDT, DAI, and BUSD;
- wrapped Ethereum, BNB.
All these tokens you can place into our native network via the bridge and trade with the limited orders (not AMM): without market makings. Also, we are planning to implement the elements of the auto-market making algorithm soon.
Native single tokens staking
We have made a conditional transaction mechanism: a no-code block for implementing stacking mechanics. You can use it for our staking and for staking your tokens (if you want to release them on our platform). You can see this mechanism in the master branch in our repository on GitLab or GitHub.
We have single tokens staking and pairs staking on a testing stage right now.
So if you want to start staking your token, you can do it on our platform without smart-contracts. So we are lowering the entrance barrier for your own stacking programs. We already have an element of no-code development, and it’s possible on our platform.
We updated KelVPN nodes through which the traffic was relayed. The speed of their work has increased. Check it out. The VPN is better and faster now.
We have analyzed request handlers in the Web 3 API. And now, there are the following functions:
- to work with certificates (get a list and create the certificate);
- to work with the transactions (to get a list of transactions for wallet address, to get info about transactions, etc).
There are also some changes in API related to staking. If you want to make a Web 3 site with a staking function, you can use a function to run the stake and return funds from the stake.
We finally started developing smart contracts. We are working at the same time with two groups of developers:
- Оne is implementing WASM — faster smart-contracts that use less gas.
But there is no concept of gas in our ecosystem. So they work as a service, like any service in Cellframe Network.
How does it work? Our smart contracts are not processed by all nodes but only by those that want to do this. And once processed, they make a separate consensus.
And those who have consensus smart contracts are rewarded with tokens. It can be any tokens, but there are native CELL tokens in our case.
- The second group of developers is focusing on EVM smart-contracts. EVM is a familiar smart-contract language that deffers from WASM-based smart contracts.
We plan to integrate EVM to achieve the greatest compatibility with Ethereum-based protocols: we need to release the wrapped ERC-20. So that we can move smart contracts from the Ethereum network to our platform.
A new subsidiary project: a video conferencing service called ConfCall
We started developing a new subsidiary project that we have wanted to do for a long time: this is a ConfCall that is aimed at video conferencing. This is a requested service, especially for organizing a video call with many people.
What’s the problem? All the services we know start to have problems after 10–20 participants. So we decided to give the world an innovative service to connect one or two hundred people, broadcast it to YouTube, and save the video. That is possible only with decentralization and foggy computing.
It will be two different products:
- for enterprise usage;
- for the community. The community version will have a dedicated parachain: with its token or not.
Happy Birthday, Demlabs!
Demlabs is 5 years old in product development. Before that, we had different types of IT businesses. It was also Demlabs, but we were outsourcing. So the history of Demlabs stretches back to 2005. But, the modern Demlabs company is 5 years old.
We survived several crises, survived the last crypto-winter, got stronger, and learned from our experience. We learned the hard way, so to speak.
Today Demlabs includes several subsidiary projects. We’ve created a unique post-quantum blockchain, developed a fast and secure decentralized VPN service and started developing a video conferencing service. And we even released our cryptocurrency.
Now we are diversifying: we have several new directions, partnerships, and expansion strategies in development. We are moving forward and only forward!
Demlabs is not an IT-company with many unique IT products on the blockchain.
We are an idea, a mindset, a particular philosophy, and the path we follow to achieve our goals.
And in the future, we want to compete with Microsoft and Amazon by offering fog services to users. As you can see, the goals are ambitious.
Thanks to everyone who is with us. We are happy that during these 5 years, we managed to get a lot of partners and like-minded people who helped the company step into the IT future.
And now we move to the most interesting questions questions:
- Will we have a meme token in the future of this blockchain? `Chipmunk token`?
Generally, it’s a good idea. I have a few suggestions to make some meme tokens, but I don’t want to do it.
I’m thinking about issuing NFT collections with chipmunks or something like this…but not the meme coin itself. And, of course, we are open to your ideas about meme tokens and run them on our platform. Why not?
- What sort of things are possible to do on KelVPN mainnet?
It will be possible to run your VPN node and earn from the VPN service. And as a result, make money from sharing network assets. This is the most important thing.
- Will there be support for Ledger?
We’re thinking about it. However, Ledger, it’s weak hardware. It has built-in cryptography primitive, but they are about elliptic curves. So it’s about classical cryptography.
For post-quantum encryption, we’ll need to use the general functions of Ledger CPU. This CPU has about 200 megahertz. So we will try to implement the support, but I cannot promise even if we’ll succeed. It will not work as fast as we expected. So anyway, we are thinking about issuing our hardware wallet.
- No smart contracts needed for t-dApps?
That’s right. t-dApps doesn’t require smart contracts. However, we are going to implement smart contracts as well.
- Can we send CELL tokens from the gate to the Cellframe Dashboard?
Not right now. First, we need to do overall work related to the mainnet: to run the bridge and make it bidirectional. Only after this we will send a signal to Gate.io and other exchanges to implement CF-20 protocol.
- Has Cellframe implemented zk proofs? Is it planned?
Not yet, but it’s planned. First, we need to develop a fast enough zero knowledge signature that produces a not so big signature. Modern post-quantum zero knowledge signatures have two problems:
- They are working too slowly.
- They produce too big signatures.
Our cryptography department is still working on this.
Okay. It was all the questions. Thank you for your time. Thank you for all your questions. Goodbye! See you next time!