Upgraded Minexcoin Roadmap: Debit Cards, Atomic Swaps, Green Algo and other 2018 goals

Place/Date: Kyiv, Ukraine - February 16th, 2018 at 10:32 am UTC · 4 min read
Contact: Alexey Marinich, Source: MinexSystems

On February 05 2018, MinexSystems, a blockchain solutions company for such products like Minexcoin and MinexBank, officially released their updated 2018 roadmap. While both traditional and crypto-markets are having not the most comfortable times, it seems that Minexcoin team has developed a firm plan how to pass through them benefiting crypto-community. The roadmap extends until the fourth quarter of 2018, designated to enlarge a holistic ecosystem for MNX.

The company believes that 2018 will become a year when decentralized payment methods will receive great support among not only crypto-enthusiast but an ordinary people too. In this publication, we take a look at the milestones in the roadmap and how they will help Minexcoin moving forward. A roadmap release starts by mentioning the progress of existing solutions – Minexcoin, Minexbank, and MinexWallet.

The team says that MNX has a lot of developmental pathways. In 2018 developers will focus on several directions at once, which will allow to strengthen, take the niche of the system, and move closer to the top-ranked payment system in the world. As for MinexBank, it is already in the homestretch of autonomous volatility smoothing algorithm final testing.

Since the end of last year, the bank’s system was utterly re-architect and qualitatively improved. Now MinexBank waits for some cosmetic and usability improvements.

Also by the end of the first quarter, the team is planning to please the community with the iOS version for mobile banking. After the app’s launch, it expected to release a new version of hard-wallet. You’ll find an improved interface, entirely new design, and quality UX in it says in Roadmap

First big releases scheduled in the first quarter will be MNX Atomic Swaps and an alpha version of the decentralized exchange. Minexcoin will become one of the few coins which blockchain enables direct peer-to-peer exchange transaction across separate chains. Right after the presentation of working code team plans to contribute an interest-free exchanger for MNX/BTC and MNX/LTC pairs to the community.

After the final alpha version debugging, a decentralized exchange will be officially released. Thanks to Atomic Swaps, it will provide a high level of security with as low commissions for traders as it possible at the same time.

The second quarter also will begin with two exciting releases. First is the Web&Mobile wallets that allow using MNX without the need to download blockchain, install software, etc. Second is a Debit Cards Launch which will enable to pay in MNX around the world. In short, the system will be able to convert your virtual currency into fiat so that all markets will be open for you. Even those where this kind of payments is not provided.

As soon as MNX received new payment possibilities, there will be released three different products to enhance Minexcoin usability as a payment service. MinexMerchant will allow adding MNX as a payment tool to any business. With  MinexMarket users will be able to sell – virtual or real – goods and services.

And MinexPlatform will become an ultimate tool for creating any kinds of digital values. The platform will work in two versions – standard and enterprise-expansion for business. It’ll be a set of blockchain-based solutions combined into one family like any office or design application suites.

Without the need to study the code you’ll be able to create decentralized registries, issue your tokens, or create smart contracts for different business needs.

For the fourth quarter company announces the preparing of foundations for developing Green Algo and own Decentralized Computer. Upgraded algorithm for MNX blockchain will make possible to spend mining capacities not only on calculations for the sake of calculations, but to guide it for the benefit of society (for science or health-care needs, for example).

The Decentralized Computer will become a virtual Turing environment for performing smart-contracts in the Minexcoin network and will open to the company a whole range of new opportunities for 2019.

CEO and founder of MinexSystems, Boris Shulyaev, had these words to say about the project –

Those who closely follow our project may have noticed that updated roadmap is slightly different from our last year’s plans. Often new ideas appear during work processes of work: we understand that some technologies become outdated, while others, on the contrary, become relevant for MinexSystems development. This roadmap covers precisely that timeline which we can plan. As for 2019 goals, it’s too early to talk about them; however, our team already has some ideas for the next year.”

Along with general insights, updated roadmap makes clear that 2018 will be a revealing year for Minexcoin. Once the products mentioned above are launched in the way they are planned to be it is highly expected that we would see a new Name joining the short-list of the biggest crypto-players. Let’s see how they would handle it.

Disclaimer: MinexSystems is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest