Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   350

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208

EIP-999 Debate to Divide ETH Community

EIP-999 is designed to unfreeze the Parity wallet frozen ETHs
24 April 2018   105

Disputes over one of the most ambiguous proposals for improving Ethereum (EIP) are inflaming with renewed vigor. This reported by CCN.

EIP-999, written by Parity Technologies developer Afri Schödön, suggests updating the Ethereum software in such a way to return owners access to 513,000 ETH, frozen in the Parity wallet.

These funds, which are estimated at about $ 330 million today, were frozen in November of last year after the GitHub user, under the pseudonym devops199, discovered, as he himself says, a random bug in the source code of the contract, which allowed him to destroy the library.

As a result, about 600 wallet holders lost access to their money, including Polkadot, the project of former technical director Ethereum and founder of Parity Gavin Wood. At the Polkadot wallet, there are currently over 306,000 ETH or about $ 200 million at the current exchange rate.

This proposal is necessary because the Ethereum protocol does not allow the restoration of self-destructed contracts and there is no other simple way to enable the affected users and companies regaining access to their tokens and Ether.
 

Afri Schoedon

Developer, Parity Technologies

Previous EIPs with such proposa have faced a sharp rejection of the Ethereum community. EIP-999 has also been criticized, because the only problem that it proposes to solve is to unfreeze the funds on Parity's wallet.

Voting on the Etherchain portal, in which any holder of Ethereum can participate, signing a message with the help of their wallet, where the weight of each voice is equivalent to the amount of ETH on the wallet, showed that there is no agreement. Holders of 52.6% of funds or about 1.6 million ETH voted against the update.

EIP999 Voting
EIP999 Voting

However, social media users have raised two major criticisms of the poll. First, the poll allows contract creators to vote for the funds stored in those contracts — even if they are multi-sig wallets. Consequently, Polkadot was able to use its 306,000 ETH — which are not spendable unless EIP 999 or another similar measure is enacted — to vote in favor of the proposal.