Place/Date: - April 6th, 2018 at 9:41 am UTC · 3 min read
Source: Ether Universe
Ether Universe the project initially marketed itself as a universal infrastructure around the concept of “cross-chain”, which has been believed to make a blast in 2018.
Although messages were flooding all the time, it was hard to miss the “rumors” in their community saying that the team was about to develop a sub-project in order to put the infrastructure into the first worthy use case.
We contacted the team in pursuit of a statement. The spokesperson, in reply, confirmed the message and revealed some information of the sub-project. The app, serving as a sub-project or side-project, will mostly look like a wallet app. It was no surprise, since the team spent a lot of paragraphs in their white paper to discuss on asset liquidity over blockchain.
According to screenshots of the source code and documentation of their work-in-progress which we are not authorized to reveal at present, a lot of functionalities which are strongly tied to distinct features provided by the Ether Universe network are being intensively developed, although there is a lot of space for UI improvements.
For now, here are the details we confirmed:
However, the feasibility of the following prosprctive features remains to be validated:
Also, we gathered some information of the creators of the project. Speaking of the composition, in comparison with the majority of the top projects in terms of popularity, the number of algorithm specialists in the team may be proven to be insufficient, but more people may join.
Interpretations were made in spite of the complexity of the project. The project presents several innovative features, e.g. BpWG voting model, smart dynamic rebalancing, and subchaining. However, the challenge ahead remains unclear.
The demand of token exchanging has already been well satisfied by exchange markets, although they are centralized and are vulnerable to cyber attacks; people have a tension of regulatory risks in their minds greater than ever before; Ethereum network has become the de facto infrastructure for cryptocurrency affairs without limitation to ICO fundraising. The technology illustrated by Ether Universe may change the status quo, however, he team’s prospect and ability remain to be tested.